Elios Financial Group Inc. Takes $223,000 Position in Digital Realty Trust, Inc. (NYSE:DLR)

Elios Financial Group Inc. bought a new position in Digital Realty Trust, Inc. (NYSE:DLR) during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 1,379 shares of the real estate investment trust’s stock, valued at approximately $223,000.

Several other large investors have also added to or reduced their stakes in the business. Daiwa Securities Group Inc. raised its holdings in shares of Digital Realty Trust by 2.5% in the third quarter. Daiwa Securities Group Inc. now owns 4,843,432 shares of the real estate investment trust’s stock valued at $783,812,000 after purchasing an additional 117,461 shares during the last quarter. Canada Pension Plan Investment Board increased its stake in Digital Realty Trust by 3.1% in the 2nd quarter. Canada Pension Plan Investment Board now owns 4,826,432 shares of the real estate investment trust’s stock valued at $733,859,000 after buying an additional 146,183 shares during the last quarter. Legal & General Group Plc lifted its position in shares of Digital Realty Trust by 2.8% during the 2nd quarter. Legal & General Group Plc now owns 4,730,168 shares of the real estate investment trust’s stock worth $719,222,000 after buying an additional 129,799 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Digital Realty Trust by 5.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 4,541,327 shares of the real estate investment trust’s stock worth $690,498,000 after buying an additional 228,585 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in shares of Digital Realty Trust by 2.7% in the 2nd quarter. Bank of New York Mellon Corp now owns 2,351,319 shares of the real estate investment trust’s stock worth $357,518,000 after buying an additional 60,821 shares during the last quarter. Institutional investors own 99.71% of the company’s stock.

Digital Realty Trust Trading Up 1.6 %

DLR stock opened at $192.93 on Tuesday. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.61 and a current ratio of 1.61. The company has a market capitalization of $64.00 billion, a PE ratio of 162.13, a price-to-earnings-growth ratio of 5.04 and a beta of 0.59. The company’s 50 day moving average price is $170.20 and its two-hundred day moving average price is $156.89. Digital Realty Trust, Inc. has a one year low of $130.00 and a one year high of $193.88.

Digital Realty Trust (NYSE:DLR) last issued its earnings results on Thursday, October 24th. The real estate investment trust reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.67 by ($1.58). The firm had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.43 billion. Digital Realty Trust had a return on equity of 2.24% and a net margin of 8.04%. The firm’s revenue for the quarter was up 2.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.62 EPS. As a group, analysts predict that Digital Realty Trust, Inc. will post 6.71 earnings per share for the current fiscal year.

Digital Realty Trust Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Stockholders of record on Friday, December 13th will be issued a dividend of $1.22 per share. The ex-dividend date is Friday, December 13th. This represents a $4.88 dividend on an annualized basis and a dividend yield of 2.53%. Digital Realty Trust’s dividend payout ratio is currently 410.08%.

Wall Street Analyst Weigh In

A number of brokerages recently commented on DLR. Evercore ISI lifted their price target on Digital Realty Trust from $160.00 to $175.00 and gave the stock an “outperform” rating in a report on Wednesday, October 23rd. Truist Financial increased their price target on shares of Digital Realty Trust from $168.00 to $202.00 and gave the company a “buy” rating in a research report on Tuesday, November 12th. Jefferies Financial Group lifted their price objective on shares of Digital Realty Trust from $190.00 to $205.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. JPMorgan Chase & Co. increased their target price on shares of Digital Realty Trust from $180.00 to $185.00 and gave the company an “overweight” rating in a research report on Friday, October 25th. Finally, Stifel Nicolaus increased their price target on Digital Realty Trust from $195.00 to $205.00 and gave the stock a “buy” rating in a research note on Thursday, November 21st. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $170.37.

Digital Realty Trust Profile

Digital Realty brings companies and data together by delivering the full spectrum of data center, colocation, and interconnection solutions. PlatformDIGITAL, the company's global data center platform, provides customers with a secure data meeting place and a proven Pervasive Datacenter Architecture (PDx) solution methodology for powering innovation and efficiently managing Data Gravity challenges.