Digital Realty Trust, Inc. $DLR Shares Purchased by Sound Income Strategies LLC

Sound Income Strategies LLC grew its stake in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 27,677.8% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 87,778 shares of the real estate investment trust’s stock after buying an additional 87,462 shares during the quarter. Sound Income Strategies LLC’s holdings in Digital Realty Trust were worth $15,380,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Motley Fool Asset Management LLC lifted its position in Digital Realty Trust by 9.9% during 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 lifted its holdings in shares of Digital Realty Trust by 17.1% during the 2nd quarter. Arcadia Investment Management Corp MI now owns 17,818 shares of the real estate investment trust’s stock valued at $3,106,000 after acquiring an additional 2,600 shares in the last quarter. Simon Quick Advisors LLC boosted its position in Digital Realty Trust by 1,417.7% during the 2nd quarter. Simon Quick Advisors LLC now owns 27,333 shares of the real estate investment trust’s stock worth $4,765,000 after purchasing an additional 25,532 shares during the period. Cim Investment Management Inc. boosted its position in shares of Digital Realty Trust by 99.6% in the second quarter. Cim Investment Management Inc. now owns 22,734 shares of the real estate investment trust’s stock worth $3,997,000 after buying an additional 11,345 shares during the period. Finally, Canada Pension Plan Investment Board grew its stake in shares of Digital Realty Trust by 3.0% in the second quarter. Canada Pension Plan Investment Board now owns 7,356,429 shares of the real estate investment trust’s stock valued at $1,282,446,000 after buying an additional 211,692 shares in the last quarter. Institutional investors and hedge funds own 99.71% of the company’s stock.

Digital Realty Trust Stock Up 1.5%

DLR opened at $150.11 on Friday. The stock has a market capitalization of $51.56 billion, a price-to-earnings ratio of 38.79, a P/E/G ratio of 3.87 and a beta of 1.11. Digital Realty Trust, Inc. has a 1-year low of $129.95 and a 1-year high of $187.74. The business has a 50 day moving average of $163.90 and a 200-day moving average of $169.25. The company has a current ratio of 2.02, a quick ratio of 2.02 and a debt-to-equity ratio of 0.80.

Digital Realty Trust (NYSE:DLR) last posted its quarterly earnings results on Friday, October 31st. The real estate investment trust reported $0.15 earnings per share (EPS) for the quarter. The company had revenue of $1.58 billion for the quarter. Digital Realty Trust had a net margin of 23.67% and a return on equity of 6.41%. As a group, sell-side analysts anticipate that Digital Realty Trust, Inc. will post 7.07 earnings per share for the current year.

Digital Realty Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 16th. Stockholders of record on Monday, December 15th will be issued a dividend of $1.22 per share. This represents a $4.88 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date of this dividend is Monday, December 15th. Digital Realty Trust’s dividend payout ratio (DPR) is presently 126.10%.

Analyst Upgrades and Downgrades

Several research firms recently commented on DLR. The Goldman Sachs Group started coverage on Digital Realty Trust in a research report on Thursday. They set a “buy” rating and a $188.00 price target on the stock. Wall Street Zen lowered shares of Digital Realty Trust from a “hold” rating to a “strong sell” rating in a research report on Saturday, November 8th. Cowen restated a “hold” rating on shares of Digital Realty Trust in a research note on Friday, October 24th. Barclays lifted their price objective on shares of Digital Realty Trust from $141.00 to $161.00 and gave the company an “underweight” rating in a research note on Monday, October 27th. Finally, Jefferies Financial Group lowered their target price on shares of Digital Realty Trust from $206.00 to $184.00 and set a “buy” rating on the stock in a research report on Tuesday, December 16th. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $197.55.

Insider Buying and Selling

In other Digital Realty Trust news, Director Mary Hogan Preusse sold 4,166 shares of the firm’s stock in a transaction dated Monday, December 1st. The shares were sold at an average price of $157.42, for a total transaction of $655,811.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 0.13% of the stock is currently owned by corporate insiders.

About Digital Realty Trust

Digital Realty Trust, Inc (NYSE: DLR) is a real estate investment trust that owns, acquires and operates carrier-neutral data centers and provides related colocation and interconnection solutions. The company focuses on large-scale, mission-critical facilities that support the physical infrastructure needs of cloud providers, enterprises, network operators and content companies. Digital Realty’s offerings are designed to enable secure, reliable and highly available IT infrastructure with an emphasis on power density, cooling, and physical security.

Digital Realty’s product set spans wholesale data center space, turnkey build-to-suit facilities, and retail colocation suites, complemented by interconnection services that allow customers to establish private and public connections to networks, cloud on-ramps and other ecosystem partners.