NovaPoint Capital LLC Makes New Investment in Digital Realty Trust, Inc. $DLR

NovaPoint Capital LLC acquired a new position in Digital Realty Trust, Inc. (NYSE:DLR) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 3,795 shares of the real estate investment trust’s stock, valued at approximately $656,000.

A number of other hedge funds also recently made changes to their positions in DLR. Vanguard Group Inc. increased its holdings 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 acquiring an additional 513,697 shares in the last quarter. Norges Bank bought a new position in shares of Digital Realty Trust in the second quarter worth approximately $3,808,270,000. State Street Corp boosted 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 worth $3,557,336,000 after purchasing an additional 376,699 shares during the period. Geode Capital Management LLC increased 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 worth $1,536,795,000 after purchasing an additional 196,579 shares in the last quarter. Finally, Canada Pension Plan Investment Board raised its position in shares of Digital Realty Trust by 3.0% during the 2nd 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 purchasing an additional 211,692 shares during the period. 99.71% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on DLR shares. 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 Digital Realty Trust from $200.00 to $210.00 and gave the stock an “overweight” rating in a research note on Friday, October 24th. Citigroup lifted their target price on Digital Realty Trust from $200.00 to $212.00 and gave the company a “buy” rating in a research note on Wednesday, October 29th. Moffett Nathanson upped their price target on Digital Realty Trust from $166.00 to $172.00 and gave the stock a “neutral” rating in a research note on Friday, December 12th. Finally, Daiwa Capital Markets began coverage on shares of Digital Realty Trust in a research report on Wednesday, October 22nd. They set a “buy” rating and a $210.00 price objective on the stock. Two 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 issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $197.55.

Insider Activity at Digital Realty Trust

In other news, Director Mary Hogan Preusse sold 4,166 shares of the business’s stock in a transaction dated 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 filing with the SEC, which is available through the SEC website. 0.13% of the stock is owned by insiders.

Digital Realty Trust Price Performance

Shares of Digital Realty Trust stock opened at $155.07 on Friday. The firm has a market cap of $53.27 billion, a PE ratio of 40.07, a PEG ratio of 4.00 and a beta of 1.11. The stock has a 50 day moving average of $161.99 and a 200 day moving average of $168.46. 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 12 month low of $129.95 and a 12 month high of $187.74.

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

Digital Realty Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 16th. Shareholders of record on Monday, December 15th will be given a dividend of $1.22 per share. The ex-dividend date is Monday, December 15th. This represents a $4.88 annualized dividend and a yield of 3.1%. Digital Realty Trust’s dividend payout ratio (DPR) is 126.10%.

Digital Realty Trust 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.