Digital Realty Trust, Inc. $DLR Shares Bought by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. lifted its stake in Digital Realty Trust, Inc. (NYSE:DLR) by 11.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 111,389 shares of the real estate investment trust’s stock after buying an additional 11,068 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Digital Realty Trust were worth $19,257,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Pinnacle Bancorp Inc. purchased a new position in Digital Realty Trust in the 3rd quarter worth approximately $25,000. South Plains Financial Inc. lifted its position in shares of Digital Realty Trust by 280.5% during the second quarter. South Plains Financial Inc. now owns 156 shares of the real estate investment trust’s stock worth $27,000 after purchasing an additional 115 shares in the last quarter. Tobam purchased a new position in shares of Digital Realty Trust in the second quarter valued at $28,000. Salomon & Ludwin LLC purchased a new stake in Digital Realty Trust during the 3rd quarter worth $28,000. Finally, First Horizon Corp acquired a new position in Digital Realty Trust in the 3rd quarter worth $31,000. 99.71% of the stock is currently owned by hedge funds and other institutional investors.

Digital Realty Trust Stock Performance

Shares of DLR opened at $167.35 on Friday. The stock has a market capitalization of $57.48 billion, a PE ratio of 43.24, a price-to-earnings-growth ratio of 3.81 and a beta of 1.11. The business’s fifty day moving average price is $157.63 and its 200 day moving average price is $166.06. 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, Inc. has a 12-month low of $129.95 and a 12-month high of $182.48.

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

Digital Realty Trust Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 16th. Stockholders 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 2.9%. Digital Realty Trust’s dividend payout ratio is 126.10%.

Insider Activity at Digital Realty Trust

In other news, Director Mary Hogan Preusse sold 4,166 shares of the stock in a transaction that occurred on 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 legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.13% of the company’s stock.

Wall Street Analysts Forecast Growth

DLR has been the topic of a number of analyst reports. JPMorgan Chase & Co. lifted their target price on Digital Realty Trust from $200.00 to $210.00 and gave the stock an “overweight” rating in a research report on Friday, October 24th. Jefferies Financial Group dropped their price objective on Digital Realty Trust from $206.00 to $184.00 and set a “buy” rating on the stock in a report on Tuesday, December 16th. Moffett Nathanson increased their target price on Digital Realty Trust from $166.00 to $172.00 and gave the company a “neutral” rating in a research note on Friday, December 12th. Truist Financial lifted their price target on shares of Digital Realty Trust from $199.00 to $200.00 and gave the stock a “buy” rating in a research note on Wednesday, November 5th. Finally, Daiwa Capital Markets assumed coverage on shares of Digital Realty Trust in a research note on Wednesday, October 22nd. They set a “buy” rating and a $210.00 price objective on the stock. Two research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat, Digital Realty Trust currently has a consensus rating of “Moderate Buy” and an average price target of $193.22.

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.