Sound Income Strategies LLC Raises Stock Holdings in Digital Realty Trust, Inc. $DLR

Sound Income Strategies LLC lifted its holdings in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 27,677.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 87,778 shares of the real estate investment trust’s stock after acquiring an additional 87,462 shares during the period. Sound Income Strategies LLC’s holdings in Digital Realty Trust were worth $15,380,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of DLR. Norges Bank acquired a new position in Digital Realty Trust in the second quarter valued at $3,808,270,000. Canada Pension Plan Investment Board increased its position in Digital Realty Trust by 63.0% in the 1st quarter. Canada Pension Plan Investment Board now owns 7,144,737 shares of the real estate investment trust’s stock valued at $1,023,769,000 after acquiring an additional 2,760,286 shares during the period. Goldman Sachs Group Inc. raised its stake in Digital Realty Trust by 37.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 3,009,673 shares of the real estate investment trust’s stock valued at $431,256,000 after acquiring an additional 816,334 shares during the last quarter. Cbre Investment Management Listed Real Assets LLC lifted its position in Digital Realty Trust by 399.6% during the 1st quarter. Cbre Investment Management Listed Real Assets LLC now owns 966,936 shares of the real estate investment trust’s stock worth $138,552,000 after acquiring an additional 773,393 shares during the period. Finally, Amundi grew its stake in shares of Digital Realty Trust by 49.4% in the 1st quarter. Amundi now owns 2,168,991 shares of the real estate investment trust’s stock valued at $306,023,000 after purchasing an additional 717,551 shares during the last quarter. Hedge funds and other institutional investors own 99.71% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. Weiss Ratings reiterated a “hold (c+)” rating on shares of Digital Realty Trust in a research report on Monday, December 15th. JPMorgan Chase & Co. lifted their target price on shares of Digital Realty Trust from $200.00 to $210.00 and gave the company an “overweight” rating in a report on Friday, October 24th. Citigroup increased their price target on shares of Digital Realty Trust from $200.00 to $212.00 and gave the stock a “buy” rating in a report on Wednesday, October 29th. Jefferies Financial Group cut their target price on Digital Realty Trust from $206.00 to $184.00 and set a “buy” rating for the company in a research note on Tuesday, December 16th. Finally, Truist Financial raised their price target on Digital Realty Trust from $199.00 to $200.00 and gave the company a “buy” rating in a report on Wednesday, November 5th. Two research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $197.55.

Insiders Place Their Bets

In other Digital Realty Trust news, Director Mary Hogan Preusse sold 4,166 shares of the firm’s stock in a transaction dated Monday, December 1st. The shares were sold at an average price of $157.42, for a total transaction of $655,811.72. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.13% of the company’s stock.

Digital Realty Trust Stock Performance

NYSE DLR opened at $150.11 on Friday. The business has a 50 day moving average price of $163.90 and a 200 day moving average price of $169.25. The company has a market capitalization of $51.56 billion, a P/E ratio of 38.79, a PEG ratio of 3.87 and a beta of 1.11. Digital Realty Trust, Inc. has a 1-year low of $129.95 and a 1-year high of $187.74. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.02 and a quick ratio of 2.02.

Digital Realty Trust (NYSE:DLR) last announced its quarterly earnings results on Friday, October 31st. The real estate investment trust reported $0.15 earnings per share for the quarter. The business had revenue of $1.58 billion during the quarter. Digital Realty Trust had a return on equity of 6.41% and a net margin of 23.67%. Sell-side analysts expect that Digital Realty Trust, Inc. will post 7.07 EPS for the current fiscal year.

Digital Realty Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 16th. Stockholders of record on Monday, December 15th will be given a $1.22 dividend. This represents a $4.88 annualized dividend and a dividend yield of 3.3%. The ex-dividend date is Monday, December 15th. Digital Realty Trust’s dividend payout ratio is currently 126.10%.

About Digital Realty Trust

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.