Tred Avon Family Wealth LLC Acquires New Holdings in Digital Realty Trust, Inc. $DLR

Tred Avon Family Wealth LLC purchased a new stake in shares of Digital Realty Trust, Inc. (NYSE:DLR) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 5,781 shares of the real estate investment trust’s stock, valued at approximately $999,000.

Other large investors have also recently modified their holdings of the company. OFI Invest Asset Management boosted its stake in Digital Realty Trust by 37,575.7% during the 3rd quarter. OFI Invest Asset Management now owns 271,265 shares of the real estate investment trust’s stock valued at $46,896,000 after purchasing an additional 270,545 shares during the period. World Investment Advisors boosted its position in shares of Digital Realty Trust by 412.7% during the third quarter. World Investment Advisors now owns 11,003 shares of the real estate investment trust’s stock worth $1,902,000 after buying an additional 8,857 shares during the period. Cim Investment Management Inc. boosted its position in shares of Digital Realty Trust by 99.6% during the second quarter. Cim Investment Management Inc. now owns 22,734 shares of the real estate investment trust’s stock worth $3,997,000 after buying an additional 11,345 shares during the period. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT increased its position in Digital Realty Trust by 100.0% in the 3rd quarter. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT now owns 34,000 shares of the real estate investment trust’s stock valued at $5,878,000 after acquiring an additional 17,000 shares during the period. Finally, Canada Pension Plan Investment Board raised its stake in 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 acquiring an additional 211,692 shares in the last quarter. Institutional investors own 99.71% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on DLR shares. Cowen reissued a “hold” rating on shares of Digital Realty Trust in a research note on Friday, October 24th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Digital Realty Trust in a research report on Monday, January 5th. They issued a “buy” rating and a $180.00 target price for the company. Moffett Nathanson raised their target price on shares of Digital Realty Trust from $166.00 to $172.00 and gave the company a “neutral” rating in a research note on Friday, December 12th. TD Cowen upped their price target on shares of Digital Realty Trust from $163.00 to $179.00 and gave the stock a “hold” rating in a research note on Friday, October 24th. Finally, Bank of America reiterated a “neutral” rating and set a $170.00 price objective (down previously from $210.00) on shares of Digital Realty Trust in a research note on Thursday, January 8th. Three research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $193.22.

Insider Transactions at Digital Realty Trust

In other Digital Realty Trust news, Director Mary Hogan Preusse sold 4,166 shares of Digital Realty Trust stock in a transaction on Monday, December 1st. The shares were sold at an average price of $157.42, for a total transaction of $655,811.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.13% of the stock is currently owned by insiders.

Digital Realty Trust Stock Performance

Shares of Digital Realty Trust stock opened at $163.66 on Friday. Digital Realty Trust, Inc. has a 12 month low of $129.95 and a 12 month high of $187.74. The company has a quick ratio of 2.02, a current ratio of 2.02 and a debt-to-equity ratio of 0.80. The stock has a market cap of $56.22 billion, a PE ratio of 42.29, a price-to-earnings-growth ratio of 3.83 and a beta of 1.11. The business has a fifty day simple moving average of $157.56 and a 200-day simple moving average of $166.61.

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

Digital Realty Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 16th. Shareholders of record on Monday, December 15th were paid a $1.22 dividend. This represents a $4.88 annualized dividend and a yield of 3.0%. The ex-dividend date was Monday, December 15th. Digital Realty Trust’s dividend payout ratio is currently 126.10%.

Digital Realty Trust Company 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.