Swedbank AB Buys 133,326 Shares of Digital Realty Trust, Inc. (NYSE:DLR)

Swedbank AB raised its stake in Digital Realty Trust, Inc. (NYSE:DLR) by 99.6% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 267,241 shares of the real estate investment trust’s stock after acquiring an additional 133,326 shares during the period. Swedbank AB’s holdings in Digital Realty Trust were worth $43,248,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the company. Meeder Asset Management Inc. purchased a new stake in Digital Realty Trust in the second quarter worth $25,000. American Capital Advisory LLC bought a new position in shares of Digital Realty Trust during the second quarter valued at $27,000. Private Ocean LLC bought a new stake in Digital Realty Trust during the 2nd quarter valued at about $27,000. Gradient Investments LLC raised its holdings in Digital Realty Trust by 75.2% in the 2nd quarter. Gradient Investments LLC now owns 177 shares of the real estate investment trust’s stock worth $27,000 after acquiring an additional 76 shares during the last quarter. Finally, Adirondack Trust Co. lifted its holdings in shares of Digital Realty Trust by 68.6% during the third quarter. Adirondack Trust Co. now owns 199 shares of the real estate investment trust’s stock valued at $32,000 after purchasing an additional 81 shares in the last quarter. Hedge funds and other institutional investors own 99.71% of the company’s stock.

Digital Realty Trust Price Performance

Shares of Digital Realty Trust stock opened at $189.84 on Monday. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.61 and a current ratio of 1.61. The stock has a 50 day moving average price of $169.56 and a 200-day moving average price of $156.54. The stock has a market cap of $62.97 billion, a price-to-earnings ratio of 159.53, a price-to-earnings-growth ratio of 4.97 and a beta of 0.59. Digital Realty Trust, Inc. has a one year low of $130.00 and a one year 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 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.67 by ($1.58). Digital Realty Trust had a return on equity of 2.24% and a net margin of 8.04%. The firm had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.43 billion. During the same period in the previous year, the business earned $1.62 EPS. The firm’s revenue for the quarter was up 2.1% on a year-over-year basis. Equities analysts expect that Digital Realty Trust, Inc. will post 6.71 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 17th. Investors of record on Friday, December 13th will be paid a $1.22 dividend. This represents a $4.88 annualized dividend and a yield of 2.57%. The ex-dividend date is Friday, December 13th. Digital Realty Trust’s dividend payout ratio is presently 410.08%.

Analyst Ratings Changes

Several research analysts have recently weighed in on DLR shares. Truist Financial boosted their price objective on shares of Digital Realty Trust from $168.00 to $202.00 and gave the company a “buy” rating in a report on Tuesday, November 12th. Jefferies Financial Group upped their price target on Digital Realty Trust from $190.00 to $205.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. Royal Bank of Canada lifted their price target on shares of Digital Realty Trust from $177.00 to $207.00 and gave the company an “outperform” rating in a report on Monday, October 28th. TD Cowen upped their price objective on Digital Realty Trust from $120.00 to $128.00 and gave the stock a “hold” rating in a research note on Friday, October 25th. Finally, Evercore ISI increased their price objective on shares of Digital Realty Trust from $160.00 to $175.00 and gave the company an “outperform” rating in a report on Wednesday, October 23rd. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $170.37.

Digital Realty Trust Profile

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.