7,170 Digital Realty Trust, Inc. $DLR Shares Bought by ProShare Advisors LLC

ProShare Advisors LLC raised its position in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 11.7% in the third quarter, HoldingsChannel reports. The firm owned 68,713 shares of the real estate investment trust’s stock after acquiring an additional 7,170 shares during the period. ProShare Advisors LLC’s holdings in Digital Realty Trust were worth $12,061,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Cherry Creek Investment Advisors Inc. increased its stake in shares of Digital Realty Trust by 0.3% in the first quarter. Cherry Creek Investment Advisors Inc. now owns 18,745 shares of the real estate investment trust’s stock valued at $3,378,000 after purchasing an additional 51 shares during the period. Denali Advisors LLC increased its stake in Digital Realty Trust by 1.3% during the second quarter. Denali Advisors LLC now owns 4,359 shares of the real estate investment trust’s stock valued at $783,000 after acquiring an additional 56 shares during the period. Twin Capital Management Inc. raised its holdings in Digital Realty Trust by 1.1% in the 1st quarter. Twin Capital Management Inc. now owns 5,618 shares of the real estate investment trust’s stock valued at $1,012,000 after acquiring an additional 59 shares in the last quarter. Cidel Asset Management Inc. raised its holdings in Digital Realty Trust by 4.0% in the 3rd quarter. Cidel Asset Management Inc. now owns 1,620 shares of the real estate investment trust’s stock valued at $284,000 after acquiring an additional 62 shares in the last quarter. Finally, Azzad Asset Management Inc. ADV lifted its position in shares of Digital Realty Trust by 0.6% in the 1st quarter. Azzad Asset Management Inc. ADV now owns 10,675 shares of the real estate investment trust’s stock worth $1,924,000 after acquiring an additional 67 shares during the period. Institutional investors own 99.71% of the company’s stock.

Insider Buying and Selling

In other Digital Realty Trust news, Director Mark Patterson sold 200 shares of the company’s stock in a transaction on Thursday, August 27th. The stock was sold at an average price of $193.96, for a total value of $38,792.00. Following the sale, the director directly owned 6,322 shares in the company, valued at $1,226,215.12. This represents a 3.07% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.15% of the stock is currently owned by corporate insiders.

Digital Realty Trust Stock Up 2.1%

Shares of DLR opened at $179.73 on Wednesday. The stock has a market cap of $68.00 billion, a price-to-earnings ratio of 21.64, a P/E/G ratio of 3.43 and a beta of 0.97. The company has a quick ratio of 1.06, a current ratio of 0.72 and a debt-to-equity ratio of 0.70. Digital Realty Trust, Inc. has a 12 month low of $146.23 and a 12 month high of $208.14. The company has a 50-day moving average price of $180.97 and a two-hundred day moving average price of $183.09.

Digital Realty Trust (NYSE:DLR) last released its quarterly earnings data on Thursday, October 29th. The real estate investment trust reported $0.48 earnings per share for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.04). Digital Realty Trust had a net margin of 13.06% and a return on equity of 3.68%. The company had revenue of $1.90 billion for the quarter, compared to analyst estimates of $1.75 billion. During the same period in the previous year, the firm posted $1.89 earnings per share. The firm’s revenue for the quarter was up 20.6% compared to the same quarter last year. Equities analysts predict that Digital Realty Trust, Inc. will post 8.44 EPS for the current fiscal year.

Digital Realty Trust Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th were paid a $1.22 dividend. The ex-dividend date of this dividend was Tuesday, September 15th. This represents a $4.88 annualized dividend and a yield of 2.7%. Digital Realty Trust’s payout ratio is currently 204.18%.

Analysts Set New Price Targets

Several analysts have recently weighed in on DLR shares. JPMorgan Chase & Co. lifted their price objective on Digital Realty Trust from $230.00 to $235.00 and gave the stock an “overweight” rating in a report on Friday, July 24th. BTIG Research upped their target price on Digital Realty Trust from $215.00 to $220.00 and gave the company a “buy” rating in a research note on Thursday, September 10th. Rothschild & Co Redburn initiated coverage on Digital Realty Trust in a research report on Monday, September 21st. They issued a “buy” rating and a $227.00 target price for the company. Sanford C. Bernstein reiterated an “outperform” rating and set a $229.00 price target on shares of Digital Realty Trust in a research note on Friday. Finally, Argus raised shares of Digital Realty Trust from a “hold” rating to a “buy” rating and set a $212.00 price target on the stock in a report on Wednesday, August 5th. Two analysts have rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $221.53.

Digital Realty Trust Company Profile

Digital Realty Trust, Inc is a real estate investment trust that owns, operates and develops data center facilities for businesses, cloud service providers, information technology companies and telecommunications organizations. The company provides the physical infrastructure needed to support data storage, networking, cloud computing and other digital operations.

Its services include data center colocation, interconnection and private connectivity solutions. Digital Realty also offers access to cloud and network providers through its PlatformDIGITAL platform, which is designed to help customers deploy, connect and manage their digital infrastructure across multiple locations.

Founded in 2001, Digital Realty serves customers through a global portfolio of data centers and related facilities across North America, Europe, Asia-Pacific and Latin America.