Digital Realty Trust, Inc. (NYSE:DLR) Holdings Raised by Malaga Cove Capital LLC

Malaga Cove Capital LLC grew its stake in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 166.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 7,446 shares of the real estate investment trust’s stock after purchasing an additional 4,656 shares during the period. Malaga Cove Capital LLC’s holdings in Digital Realty Trust were worth $1,067,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. Northern Trust Corp lifted its holdings in shares of Digital Realty Trust by 57.5% during the fourth quarter. Northern Trust Corp now owns 5,080,550 shares of the real estate investment trust’s stock valued at $900,934,000 after purchasing an additional 1,854,748 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Digital Realty Trust by 11.4% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,819,606 shares of the real estate investment trust’s stock valued at $854,661,000 after purchasing an additional 492,692 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Digital Realty Trust by 2.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 4,656,733 shares of the real estate investment trust’s stock valued at $825,771,000 after purchasing an additional 96,639 shares during the last quarter. Canada Pension Plan Investment Board lifted its holdings in shares of Digital Realty Trust by 1.1% during the fourth quarter. Canada Pension Plan Investment Board now owns 4,384,451 shares of the real estate investment trust’s stock valued at $777,495,000 after purchasing an additional 48,522 shares during the last quarter. Finally, Invesco Ltd. lifted its holdings in shares of Digital Realty Trust by 18.4% during the fourth quarter. Invesco Ltd. now owns 3,905,883 shares of the real estate investment trust’s stock valued at $692,630,000 after purchasing an additional 607,132 shares during the last quarter. 99.71% of the stock is owned by hedge funds and other institutional investors.

Digital Realty Trust Stock Down 2.5%

Shares of DLR stock opened at $172.05 on Friday. The stock’s 50 day simple moving average is $174.33 and its 200 day simple moving average is $164.02. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.92 and a current ratio of 2.22. Digital Realty Trust, Inc. has a twelve month low of $129.95 and a twelve month high of $198.00. The company has a market capitalization of $57.94 billion, a price-to-earnings ratio of 45.16, a PEG ratio of 3.28 and a beta of 0.92.

Digital Realty Trust (NYSE:DLR) last issued its quarterly earnings data on Thursday, July 24th. The real estate investment trust reported $1.87 earnings per share for the quarter, beating analysts’ consensus estimates of $1.74 by $0.13. Digital Realty Trust had a return on equity of 6.46% and a net margin of 23.98%. The business had revenue of $1.49 billion for the quarter, compared to the consensus estimate of $1.44 billion. During the same period last year, the business earned $1.65 EPS. The firm’s revenue was up 10.0% compared to the same quarter last year. As a group, research analysts predict that Digital Realty Trust, Inc. will post 7.07 EPS for the current year.

Digital Realty Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Friday, June 13th were paid a $1.22 dividend. This represents a $4.88 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date of this dividend was Friday, June 13th. Digital Realty Trust’s dividend payout ratio (DPR) is presently 128.08%.

Analysts Set New Price Targets

DLR has been the subject of several analyst reports. Wall Street Zen raised Digital Realty Trust from a “sell” rating to a “hold” rating in a report on Sunday, June 1st. Citigroup reiterated a “buy” rating and issued a $200.00 target price (up previously from $174.00) on shares of Digital Realty Trust in a report on Monday. New Street Research upgraded Digital Realty Trust to a “hold” rating in a report on Monday, April 28th. Scotiabank dropped their target price on Digital Realty Trust from $208.00 to $206.00 and set a “sector outperform” rating on the stock in a report on Tuesday, April 22nd. Finally, Mizuho upped their target price on Digital Realty Trust from $177.00 to $191.00 and gave the company an “outperform” rating in a report on Tuesday, June 17th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, fifteen have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $190.68.

Insider Buying and Selling at Digital Realty Trust

In related news, Director Mark R. Patterson sold 175 shares of the firm’s stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $176.50, for a total value of $30,887.50. Following the transaction, the director directly owned 6,522 shares of the company’s stock, valued at approximately $1,151,133. This trade represents a 2.61% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.13% of the company’s stock.

Digital Realty Trust Company Profile

Digital Realty Trust, Inc operates as a real estate investment trust, which engages in the provision of data center, colocation and interconnection solutions. It serves the following industries: artificial intelligence (AI), networks, cloud, digital media, mobile, financial services, healthcare, and gaming.