7,529 Shares in Digital Realty Trust, Inc. (NYSE:DLR) Purchased by Red Cedar Investment Management LLC

Red Cedar Investment Management LLC bought a new position in Digital Realty Trust, Inc. (NYSE:DLR) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 7,529 shares of the real estate investment trust’s stock, valued at approximately $1,218,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. increased its position in shares of Digital Realty Trust by 2.0% in the first quarter. Vanguard Group Inc. now owns 48,503,593 shares of the real estate investment trust’s stock worth $6,986,458,000 after purchasing an additional 951,567 shares during the last quarter. Canada Pension Plan Investment Board grew its stake in Digital Realty Trust by 3.1% in the 2nd quarter. Canada Pension Plan Investment Board now owns 4,826,432 shares of the real estate investment trust’s stock worth $733,859,000 after buying an additional 146,183 shares in the last quarter. Legal & General Group Plc increased its holdings in shares of Digital Realty Trust by 2.8% in the 2nd quarter. Legal & General Group Plc now owns 4,730,168 shares of the real estate investment trust’s stock worth $719,222,000 after buying an additional 129,799 shares during the last quarter. Daiwa Securities Group Inc. raised its position in shares of Digital Realty Trust by 16.8% during the 2nd quarter. Daiwa Securities Group Inc. now owns 4,725,971 shares of the real estate investment trust’s stock valued at $718,584,000 after buying an additional 678,165 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Digital Realty Trust by 5.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 4,541,327 shares of the real estate investment trust’s stock worth $690,498,000 after acquiring an additional 228,585 shares during the last quarter. Hedge funds and other institutional investors own 99.71% of the company’s stock.

Digital Realty Trust Stock Up 0.3 %

Shares of NYSE:DLR traded up $0.55 during midday trading on Monday, reaching $176.55. The company’s stock had a trading volume of 350,435 shares, compared to its average volume of 1,830,452. The company has a quick ratio of 1.78, a current ratio of 1.61 and a debt-to-equity ratio of 0.81. The firm has a 50 day moving average of $160.74 and a 200-day moving average of $152.19. The firm has a market capitalization of $57.80 billion, a P/E ratio of 147.48, a PEG ratio of 5.73 and a beta of 0.59. Digital Realty Trust, Inc. has a 12-month low of $126.22 and a 12-month high of $193.88.

Digital Realty Trust (NYSE:DLR) last announced its quarterly earnings data on Thursday, October 24th. The real estate investment trust reported $0.09 EPS for the quarter, missing the consensus estimate of $1.67 by ($1.58). The firm had revenue of $1.43 billion for the quarter, compared to analysts’ expectations of $1.43 billion. Digital Realty Trust had a net margin of 8.04% and a return on equity of 2.24%. The business’s revenue for the quarter was up 2.1% compared to the same quarter last year. During the same period last year, the company posted $1.62 earnings per share. On average, research analysts anticipate that Digital Realty Trust, Inc. will post 6.7 earnings per share for the current year.

Digital Realty Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, September 13th were paid a $1.22 dividend. This represents a $4.88 annualized dividend and a dividend yield of 2.76%. The ex-dividend date of this dividend was Friday, September 13th. Digital Realty Trust’s dividend payout ratio is currently 410.08%.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. JPMorgan Chase & Co. increased their price objective on Digital Realty Trust from $180.00 to $185.00 and gave the company an “overweight” rating in a research report on Friday, October 25th. Hsbc Global Res upgraded shares of Digital Realty Trust from a “moderate sell” rating to a “hold” rating in a research report on Friday, October 4th. Wells Fargo & Company boosted their price objective on shares of Digital Realty Trust from $175.00 to $185.00 and gave the stock an “overweight” rating in a report on Friday, October 25th. Truist Financial lifted their target price on shares of Digital Realty Trust from $160.00 to $168.00 and gave the stock a “buy” rating in a research report on Tuesday, August 13th. Finally, Barclays boosted their price target on shares of Digital Realty Trust from $130.00 to $135.00 and gave the stock an “underweight” rating in a research note on Thursday, October 10th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $167.68.

About Digital Realty Trust

Digital Realty brings companies and data together by delivering the full spectrum of data center, colocation, and interconnection solutions. PlatformDIGITAL, the company's global data center platform, provides customers with a secure data meeting place and a proven Pervasive Datacenter Architecture (PDx) solution methodology for powering innovation and efficiently managing Data Gravity challenges.