Trustmark National Bank Trust Department Purchases 640 Shares of Digital Realty Trust, Inc. (NYSE:DLR)

Trustmark National Bank Trust Department raised its holdings in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 8.9% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 7,816 shares of the real estate investment trust’s stock after acquiring an additional 640 shares during the quarter. Trustmark National Bank Trust Department’s holdings in Digital Realty Trust were worth $1,265,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the business. Bessemer Group Inc. lifted its holdings in Digital Realty Trust by 102.1% in the first quarter. Bessemer Group Inc. now owns 19,528 shares of the real estate investment trust’s stock valued at $2,813,000 after acquiring an additional 9,865 shares during the period. Cumberland Partners Ltd lifted its position in shares of Digital Realty Trust by 207.3% during the 3rd quarter. Cumberland Partners Ltd now owns 46,595 shares of the real estate investment trust’s stock valued at $7,540,000 after buying an additional 31,430 shares in the last quarter. Cetera Investment Advisers raised its position in shares of Digital Realty Trust by 295.5% during the 1st quarter. Cetera Investment Advisers now owns 31,665 shares of the real estate investment trust’s stock valued at $4,561,000 after purchasing an additional 23,659 shares during the period. QRG Capital Management Inc. lifted its stake in shares of Digital Realty Trust by 652.4% during the 2nd quarter. QRG Capital Management Inc. now owns 29,292 shares of the real estate investment trust’s stock valued at $4,454,000 after buying an additional 25,399 shares in the last quarter. Finally, Choreo LLC boosted its holdings in Digital Realty Trust by 86.8% in the 2nd quarter. Choreo LLC now owns 8,782 shares of the real estate investment trust’s stock worth $1,336,000 after buying an additional 4,081 shares during the period. Hedge funds and other institutional investors own 99.71% of the company’s stock.

Analyst Upgrades and Downgrades

DLR has been the subject of several recent analyst reports. JPMorgan Chase & Co. upped their price target on Digital Realty Trust from $180.00 to $185.00 and gave the stock an “overweight” rating in a research note on Friday, October 25th. Raymond James increased their price target on Digital Realty Trust from $170.00 to $190.00 and gave the company a “strong-buy” rating in a research note on Friday, October 25th. Argus cut shares of Digital Realty Trust from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Scotiabank boosted their price objective on Digital Realty Trust from $157.00 to $178.00 and gave the stock a “sector perform” rating in a research note on Friday, October 25th. Finally, Truist Financial boosted their target price on Digital Realty Trust from $168.00 to $202.00 and gave the company a “buy” rating in a research report on Tuesday, November 12th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Digital Realty Trust currently has a consensus rating of “Hold” and an average price target of $170.37.

Digital Realty Trust Stock Performance

Shares of Digital Realty Trust stock opened at $187.49 on Friday. The company has a 50 day moving average price of $168.94 and a 200 day moving average price of $156.03. The firm has a market capitalization of $62.19 billion, a P/E ratio of 157.55, a PEG ratio of 4.97 and a beta of 0.59. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 0.81. Digital Realty Trust, Inc. has a 52 week low of $130.00 and a 52 week high of $193.88.

Digital Realty Trust (NYSE:DLR) last posted 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 company had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.43 billion. Digital Realty Trust had a return on equity of 2.24% and a net margin of 8.04%. The company’s quarterly revenue was up 2.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.62 earnings per share. Sell-side analysts expect that Digital Realty Trust, Inc. will post 6.71 EPS for the current year.

Digital Realty Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 17th. Shareholders of record on Friday, December 13th will be given a dividend of $1.22 per share. This represents a $4.88 dividend on an annualized basis and a yield of 2.60%. The ex-dividend date of this dividend is Friday, December 13th. Digital Realty Trust’s dividend payout ratio is presently 410.08%.

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.