Vert Asset Management LLC Boosts Holdings in Digital Realty Trust, Inc. $DLR

Vert Asset Management LLC lifted its position in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 3.9% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 131,283 shares of the real estate investment trust’s stock after buying an additional 4,979 shares during the quarter. Digital Realty Trust comprises 7.6% of Vert Asset Management LLC’s holdings, making the stock its 3rd biggest position. Vert Asset Management LLC’s holdings in Digital Realty Trust were worth $22,696,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Vanguard Group Inc. raised its stake in Digital Realty Trust by 1.0% in the 2nd quarter. Vanguard Group Inc. now owns 52,892,557 shares of the real estate investment trust’s stock worth $9,220,759,000 after purchasing an additional 513,697 shares in the last quarter. Norges Bank bought a new position in shares of Digital Realty Trust during the second quarter worth approximately $3,808,270,000. State Street Corp raised its position in shares of Digital Realty Trust by 1.9% in the second quarter. State Street Corp now owns 20,405,760 shares of the real estate investment trust’s stock valued at $3,557,336,000 after buying an additional 376,699 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Digital Realty Trust by 2.3% in the second quarter. Geode Capital Management LLC now owns 8,850,818 shares of the real estate investment trust’s stock valued at $1,536,795,000 after buying an additional 196,579 shares during the period. Finally, Canada Pension Plan Investment Board boosted 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 during the period. 99.71% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Digital Realty Trust news, Director Mary Hogan Preusse sold 4,166 shares of the company’s stock in a transaction dated Monday, December 1st. The stock was sold at an average price of $157.42, for a total value of $655,811.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.17% of the stock is owned by corporate insiders.

Digital Realty Trust Price Performance

NYSE DLR traded down $2.97 during trading on Tuesday, hitting $160.63. 136,152 shares of the company’s stock were exchanged, compared to its average volume of 1,984,603. The company has a market cap of $55.18 billion, a PE ratio of 41.60, a P/E/G ratio of 3.83 and a beta of 1.11. 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, Inc. has a fifty-two week low of $129.95 and a fifty-two week high of $187.74. The stock’s 50 day moving average price is $157.45 and its two-hundred day moving average price is $166.51.

Digital Realty Trust (NYSE:DLR) last announced 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%. 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 disclosed a quarterly dividend, which was paid on Friday, January 16th. Investors of record on Monday, December 15th were issued a dividend of $1.22 per share. The ex-dividend date of this dividend was Monday, December 15th. This represents a $4.88 annualized dividend and a dividend yield of 3.0%. Digital Realty Trust’s dividend payout ratio (DPR) is 126.10%.

Wall Street Analysts Forecast Growth

A number of research firms have commented on DLR. Stifel Nicolaus set a $210.00 price objective on Digital Realty Trust in a research note on Friday, October 24th. Truist Financial increased their target price on Digital Realty Trust from $199.00 to $200.00 and gave the stock a “buy” rating in a report on Wednesday, November 5th. Loop Capital set a $205.00 price target on Digital Realty Trust in a research note on Monday, October 27th. JPMorgan Chase & Co. upped their price objective on shares of Digital Realty Trust from $200.00 to $210.00 and gave the stock an “overweight” rating in a research report on Friday, October 24th. Finally, UBS Group set a $189.00 price objective on shares of Digital Realty Trust in a research note on Wednesday, January 14th. Three analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $193.22.

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.