Montecito Bank & Trust Takes $786,000 Position in Digital Realty Trust, Inc. $DLR

Montecito Bank & Trust acquired a new position in shares of Digital Realty Trust, Inc. (NYSE:DLR) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 4,545 shares of the real estate investment trust’s stock, valued at approximately $786,000.

Several other large investors have also bought and sold shares of DLR. Motley Fool Asset Management LLC boosted its position in Digital Realty Trust by 9.9% in the second quarter. Motley Fool Asset Management LLC now owns 17,208 shares of the real estate investment trust’s stock valued at $3,000,000 after buying an additional 1,548 shares in the last quarter. Arcadia Investment Management Corp MI increased its holdings in shares of Digital Realty Trust by 17.1% during the second quarter. Arcadia Investment Management Corp MI now owns 17,818 shares of the real estate investment trust’s stock worth $3,106,000 after buying an additional 2,600 shares in the last quarter. Simon Quick Advisors LLC lifted its stake in shares of Digital Realty Trust by 1,417.7% in the 2nd quarter. Simon Quick Advisors LLC now owns 27,333 shares of the real estate investment trust’s stock valued at $4,765,000 after acquiring an additional 25,532 shares during the last quarter. Cbre Investment Management Listed Real Assets LLC boosted its holdings in shares of 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 valued at $138,552,000 after acquiring an additional 773,393 shares in the last quarter. Finally, Foresight Group Ltd Liability Partnership boosted its holdings in shares of Digital Realty Trust by 8.3% during the 1st quarter. Foresight Group Ltd Liability Partnership now owns 136,136 shares of the real estate investment trust’s stock valued at $19,355,000 after acquiring an additional 10,427 shares in the last quarter. 99.71% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Digital Realty Trust news, Director Mary Hogan Preusse sold 4,166 shares of the stock in a transaction dated Monday, December 1st. The stock was sold at an average price of $157.42, for a total transaction of $655,811.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.13% of the company’s stock.

Digital Realty Trust Price Performance

Digital Realty Trust stock opened at $147.91 on Friday. The stock’s 50 day moving average is $164.27 and its 200 day moving average is $169.44. Digital Realty Trust, Inc. has a one year low of $129.95 and a one year high of $187.74. The firm has a market cap of $50.81 billion, a P/E ratio of 38.22, a P/E/G ratio of 3.83 and a beta of 1.11. 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 released its quarterly earnings results on Friday, October 31st. The real estate investment trust reported $0.15 earnings per share (EPS) for the quarter. Digital Realty Trust had a net margin of 23.67% and a return on equity of 6.41%. The firm had revenue of $1.58 billion during the quarter. As a group, research analysts expect that Digital Realty Trust, Inc. will post 7.07 EPS for the current year.

Digital Realty Trust Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Barclays upped their target price on Digital Realty Trust from $141.00 to $161.00 and gave the stock an “underweight” rating in a report on Monday, October 27th. Stifel Nicolaus set a $210.00 price objective on Digital Realty Trust in a research note on Friday, October 24th. Morgan Stanley initiated coverage on shares of Digital Realty Trust in a report on Thursday, October 16th. They issued an “equal weight” rating and a $195.00 price objective for the company. Citigroup boosted their target price 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. Finally, Cowen restated a “hold” rating on shares of Digital Realty Trust in a research report on Friday, October 24th. Two analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Digital Realty Trust currently has an average rating of “Moderate Buy” and a consensus target price of $197.55.

Digital Realty Trust Profile

Digital Realty Trust, Inc operates as a real estate investment trust, which engages in the provision of data center, colocation and interconnection solutions. It serves the following industries: artificial intelligence (AI), networks, cloud, digital media, mobile, financial services, healthcare, and gaming.