Digital Realty Trust, Inc. $DLR Stock Bought by Rakuten Investment Management Inc.

by · The Cerbat Gem

Rakuten Investment Management Inc. boosted its position in Digital Realty Trust, Inc. (NYSE:DLR – Free Report) by 17.3% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 64,296 shares of the real estate investment trust’s stock after purchasing an additional 9,504 shares during the period. Rakuten Investment Management Inc.’s holdings in Digital Realty Trust were worth $11,352,000 as of its most recent filing with the SEC.

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

Digital Realty Trust Price Performance

Digital Realty Trust stock opened at $185.00 on Thursday. The company has a market capitalization of $69.99 billion, a price-to-earnings ratio of 22.17, a PEG ratio of 3.52 and a beta of 0.97. The company has a current ratio of 0.72, a quick ratio of 1.06 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 stock’s 50 day moving average is $180.83 and its 200-day moving average is $183.21.

Digital Realty Trust (NYSE:DLR – Get Free Report) last released its quarterly earnings results on Thursday, October 29th. The real estate investment trust reported $0.48 earnings per share for the quarter, missing the consensus estimate of $0.52 by ($0.04). Digital Realty Trust had a return on equity of 3.68% and a net margin of 13.06%. The firm 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 business posted $1.89 earnings per share. The business’s revenue for the quarter was up 20.6% on a year-over-year basis. Equities research analysts expect that Digital Realty Trust, Inc. will post 8.42 EPS for the current year.

Digital Realty Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th were given a $1.22 dividend. This represents a $4.88 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date was Tuesday, September 15th. Digital Realty Trust’s payout ratio is presently 204.18%.

Insider Transactions at Digital Realty Trust

In related news, Director Mark Patterson sold 200 shares of the firm’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 transaction, the director owned 6,322 shares in the company, valued at approximately $1,226,215.12. This trade represents a 3.07% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.15% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on DLR. KeyCorp restated a “sector weight” rating on shares of Digital Realty Trust in a research note on Friday, July 24th. Weiss Ratings cut shares of Digital Realty Trust from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday. Wells Fargo & Company lifted their price objective on shares of Digital Realty Trust from $220.00 to $225.00 and gave the stock an “overweight” rating in a research report on Friday, October 30th. The Goldman Sachs Group reissued a “buy” rating and issued a $237.00 price objective on shares of Digital Realty Trust in a research report on Friday, October 30th. Finally, Truist Financial cut their target price on shares of Digital Realty Trust from $225.00 to $220.00 and set a “buy” rating for the company in a research note on Thursday, July 30th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $221.53.

Check Out Our Latest Report on DLR

Digital Realty Trust Profile

(Free Report)

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.

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