Avanza Fonder AB Buys New Position in Digital Realty Trust, Inc. (NYSE:DLR)

Avanza Fonder AB bought a new stake in Digital Realty Trust, Inc. (NYSE:DLR) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 35,251 shares of the real estate investment trust’s stock, valued at approximately $6,251,000.

A number of other large investors have also recently bought and sold shares of DLR. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Digital Realty Trust by 501.7% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,326,914 shares of the real estate investment trust’s stock valued at $700,224,000 after acquiring an additional 3,607,802 shares during the last quarter. Pathway Financial Advisers LLC increased its holdings in shares of Digital Realty Trust by 15,301.1% in the third quarter. Pathway Financial Advisers LLC now owns 1,850,292 shares of the real estate investment trust’s stock valued at $299,433,000 after purchasing an additional 1,838,278 shares during the period. Point72 Asset Management L.P. acquired a new stake in shares of Digital Realty Trust during the third quarter worth $132,980,000. Electron Capital Partners LLC lifted its holdings in shares of Digital Realty Trust by 220.7% during the second quarter. Electron Capital Partners LLC now owns 1,041,594 shares of the real estate investment trust’s stock worth $158,374,000 after purchasing an additional 716,816 shares during the period. Finally, Sycomore Asset Management acquired a new position in Digital Realty Trust in the 3rd quarter valued at $80,915,000. Institutional investors and hedge funds own 99.71% of the company’s stock.

Insider Activity

In other news, CFO Matt Mercier sold 2,518 shares of the business’s stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $187.40, for a total transaction of $471,873.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.17% of the company’s stock.

Analyst Upgrades and Downgrades

DLR has been the subject of several recent analyst reports. Raymond James raised their target price on shares of Digital Realty Trust from $170.00 to $190.00 and gave the stock a “strong-buy” rating in a research note on Friday, October 25th. Deutsche Bank Aktiengesellschaft raised Digital Realty Trust from a “hold” rating to a “buy” rating and lifted their price objective for the company from $185.00 to $194.00 in a report on Wednesday. Scotiabank increased their target price on Digital Realty Trust from $157.00 to $178.00 and gave the stock a “sector perform” rating in a research note on Friday, October 25th. Barclays lifted their price target on Digital Realty Trust from $135.00 to $142.00 and gave the company an “underweight” rating in a research note on Monday, November 18th. Finally, Truist Financial raised their target price on Digital Realty Trust from $168.00 to $202.00 and gave the company a “buy” rating in a report on Tuesday, November 12th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $177.32.

Digital Realty Trust Stock Up 0.2 %

DLR stock opened at $180.38 on Friday. The company has a market capitalization of $59.83 billion, a P/E ratio of 151.58, a PEG ratio of 4.35 and a beta of 0.64. The firm has a 50 day simple moving average of $183.23 and a 200-day simple moving average of $166.42. The company has a current ratio of 1.61, a quick ratio of 1.61 and a debt-to-equity ratio of 0.81. Digital Realty Trust, Inc. has a twelve month low of $131.42 and a twelve month high of $198.00.

Digital Realty Trust (NYSE:DLR) last announced its quarterly earnings data on Thursday, October 24th. The real estate investment trust reported $0.09 earnings per share for the quarter, missing the consensus estimate of $1.67 by ($1.58). Digital Realty Trust had a net margin of 8.04% and a return on equity of 2.24%. The firm had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.43 billion. During the same period in the prior year, the firm earned $1.62 earnings per share. The firm’s quarterly revenue was up 2.1% compared to the same quarter last year. On average, equities research analysts predict that Digital Realty Trust, Inc. will post 6.71 earnings per share for the current fiscal year.

Digital Realty Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Shareholders of record on Friday, December 13th will be issued a dividend of $1.22 per share. The ex-dividend date of this dividend is Friday, December 13th. This represents a $4.88 dividend on an annualized basis and a dividend yield of 2.71%. Digital Realty Trust’s dividend payout ratio (DPR) is 410.08%.

About Digital Realty Trust

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.