Digital Realty Trust, Inc. $DLR Shares Purchased by GoalVest Advisory LLC

GoalVest Advisory LLC raised its stake in Digital Realty Trust, Inc. (NYSE:DLR) by 4,195.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,590 shares of the real estate investment trust’s stock after purchasing an additional 8,390 shares during the period. GoalVest Advisory LLC’s holdings in Digital Realty Trust were worth $1,485,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also made changes to their positions in DLR. South Plains Financial Inc. lifted its stake in Digital Realty Trust by 280.5% in the second quarter. South Plains Financial Inc. now owns 156 shares of the real estate investment trust’s stock worth $27,000 after acquiring an additional 115 shares during the last quarter. Tobam purchased a new stake in shares of Digital Realty Trust during the 2nd quarter worth $28,000. Salomon & Ludwin LLC acquired a new position in shares of Digital Realty Trust during the third quarter worth $28,000. AdvisorShares Investments LLC purchased a new position in Digital Realty Trust in the second quarter valued at $32,000. Finally, NewSquare Capital LLC raised its stake in Digital Realty Trust by 149.3% in the second quarter. NewSquare Capital LLC now owns 187 shares of the real estate investment trust’s stock valued at $33,000 after buying an additional 112 shares in the last quarter. 99.71% of the stock is owned by institutional investors and hedge funds.

Digital Realty Trust Stock Performance

Shares of DLR opened at $154.84 on Monday. The company’s 50 day simple moving average is $160.08 and its 200-day simple moving average is $167.68. The firm has a market cap of $53.19 billion, a PE ratio of 40.01, a price-to-earnings-growth ratio of 3.72 and a beta of 1.11. Digital Realty Trust, Inc. has a 12-month low of $129.95 and a 12-month high of $187.74. The company has a current ratio of 2.02, a quick ratio of 2.02 and a debt-to-equity ratio of 0.80.

Digital Realty Trust (NYSE:DLR) last released its quarterly earnings results on Friday, October 31st. The real estate investment trust reported $0.15 EPS for the quarter. Digital Realty Trust had a net margin of 23.67% and a return on equity of 6.41%. The firm had revenue of $1.58 billion during the quarter. As a group, equities analysts predict that Digital Realty Trust, Inc. will post 7.07 EPS for the current year.

Digital Realty Trust Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 16th. Investors of record on Monday, December 15th will be given a $1.22 dividend. This represents a $4.88 annualized dividend and a yield of 3.2%. The ex-dividend date is Monday, December 15th. Digital Realty Trust’s payout ratio is 126.10%.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on DLR. Citigroup increased their price objective on Digital Realty Trust from $200.00 to $212.00 and gave the company a “buy” rating in a report on Wednesday, October 29th. JPMorgan Chase & Co. upped their price target on Digital Realty Trust from $200.00 to $210.00 and gave the company an “overweight” rating in a report on Friday, October 24th. Wall Street Zen cut shares of Digital Realty Trust from a “hold” rating to a “strong sell” rating in a report on Saturday, November 8th. Truist Financial upped their target price on shares of Digital Realty Trust from $199.00 to $200.00 and gave the company a “buy” rating in a report on Wednesday, November 5th. Finally, Jefferies Financial Group cut their price target on shares of Digital Realty Trust from $206.00 to $184.00 and set a “buy” rating on the stock in a research note on Tuesday, December 16th. Two equities research analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $197.55.

Insider Buying and Selling

In other Digital Realty Trust news, Director Mary Hogan Preusse sold 4,166 shares of Digital Realty Trust stock in a transaction that occurred on Monday, December 1st. The stock was sold at an average price of $157.42, for a total value of $655,811.72. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.17% of the stock is currently owned by corporate insiders.

Digital Realty Trust Company Profile

Digital Realty Trust, Inc (NYSE: DLR) is a real estate investment trust that owns, acquires and operates carrier-neutral data centers and provides related colocation and interconnection solutions. The company focuses on large-scale, mission-critical facilities that support the physical infrastructure needs of cloud providers, enterprises, network operators and content companies. Digital Realty’s offerings are designed to enable secure, reliable and highly available IT infrastructure with an emphasis on power density, cooling, and physical security.

Digital Realty’s product set spans wholesale data center space, turnkey build-to-suit facilities, and retail colocation suites, complemented by interconnection services that allow customers to establish private and public connections to networks, cloud on-ramps and other ecosystem partners.