Pacific Heights Asset Management LLC Grows Stock Position in Digital Realty Trust, Inc. $DLR

Pacific Heights Asset Management LLC lifted its stake in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 25.0% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 125,000 shares of the real estate investment trust’s stock after buying an additional 25,000 shares during the quarter. Pacific Heights Asset Management LLC’s holdings in Digital Realty Trust were worth $21,610,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. Pinnacle Bancorp Inc. acquired a new position in shares of Digital Realty Trust during the third quarter worth $25,000. South Plains Financial Inc. lifted its holdings in Digital Realty Trust by 280.5% during the 2nd quarter. South Plains Financial Inc. now owns 156 shares of the real estate investment trust’s stock worth $27,000 after buying an additional 115 shares during the last quarter. Tobam acquired a new position in shares of Digital Realty Trust during the 2nd quarter worth about $28,000. Salomon & Ludwin LLC purchased a new position in shares of Digital Realty Trust in the 3rd quarter valued at about $28,000. Finally, First Horizon Corp acquired a new stake in shares of Digital Realty Trust during the 3rd quarter worth about $31,000. Hedge funds and other institutional investors own 99.71% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. Loop Capital set a $205.00 price target on shares of Digital Realty Trust in a research note on Monday, October 27th. Deutsche Bank Aktiengesellschaft began coverage on Digital Realty Trust in a research note on Monday, January 5th. They issued a “buy” rating and a $180.00 target price on the stock. Stifel Nicolaus set a $210.00 price target on Digital Realty Trust in a research note on Friday, October 24th. Bank of America reaffirmed a “neutral” rating and set a $170.00 price target (down from $210.00) on shares of Digital Realty Trust in a report on Thursday, January 8th. Finally, Morgan Stanley started coverage on shares of Digital Realty Trust in a research note on Thursday, October 16th. They issued an “equal weight” rating and a $195.00 price objective on the stock. Three investment analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and eight have given a Hold rating to the company’s stock. According to MarketBeat.com, Digital Realty Trust currently has an average rating of “Moderate Buy” and an average target price of $193.22.

Digital Realty Trust Stock Performance

NYSE:DLR opened at $163.66 on Tuesday. The company has a current ratio of 2.02, a quick ratio of 2.02 and a debt-to-equity ratio of 0.80. The company has a market capitalization of $56.22 billion, a P/E ratio of 42.29, a price-to-earnings-growth ratio of 3.83 and a beta of 1.11. The firm has a 50-day moving average price of $157.45 and a two-hundred day moving average price of $166.51. Digital Realty Trust, Inc. has a twelve month low of $129.95 and a twelve month high of $187.74.

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

Digital Realty Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, January 16th. Investors of record on Monday, December 15th were given a dividend of $1.22 per share. The ex-dividend date was Monday, December 15th. This represents a $4.88 annualized dividend and a yield of 3.0%. Digital Realty Trust’s dividend payout ratio is 126.10%.

Insider Transactions at Digital Realty Trust

In related news, Director Mary Hogan Preusse sold 4,166 shares of the firm’s stock in a transaction that occurred on Monday, December 1st. The shares were sold at an average price of $157.42, for a total value of $655,811.72. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 0.17% of the company’s stock.

Digital Realty Trust Company Profile

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.