Greenland Capital Management LP Invests $7.88 Million in Digital Realty Trust, Inc. $DLR

Greenland Capital Management LP acquired a new stake in Digital Realty Trust, Inc. (NYSE:DLR) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 45,201 shares of the real estate investment trust’s stock, valued at approximately $7,880,000. Digital Realty Trust comprises approximately 0.8% of Greenland Capital Management LP’s investment portfolio, making the stock its 28th largest holding.

A number of other hedge funds have also added to or reduced their stakes in DLR. Vanguard Group Inc. lifted its position in Digital Realty Trust by 1.0% during 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 buying an additional 513,697 shares in the last quarter. Geode Capital Management LLC grew its position in shares of Digital Realty Trust by 2.3% in the 2nd quarter. Geode Capital Management LLC now owns 8,850,818 shares of the real estate investment trust’s stock valued at $1,536,795,000 after acquiring an additional 196,579 shares during the period. Canada Pension Plan Investment Board raised its holdings in shares of Digital Realty Trust by 63.0% in the 1st quarter. Canada Pension Plan Investment Board now owns 7,144,737 shares of the real estate investment trust’s stock valued at $1,023,769,000 after purchasing an additional 2,760,286 shares during the period. Northern Trust Corp lifted its stake in Digital Realty Trust by 4.3% in the 1st quarter. Northern Trust Corp now owns 5,301,199 shares of the real estate investment trust’s stock valued at $759,609,000 after purchasing an additional 220,649 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in Digital Realty Trust by 1.2% during the first quarter. Dimensional Fund Advisors LP now owns 4,714,045 shares of the real estate investment trust’s stock worth $675,456,000 after purchasing an additional 57,312 shares during the period. Institutional investors own 99.71% of the company’s stock.

Analyst Upgrades and Downgrades

DLR has been the subject of several research reports. Wolfe Research raised Digital Realty Trust from a “peer perform” rating to an “outperform” rating and set a $194.00 price target for the company in a report on Monday, October 20th. Weiss Ratings restated a “hold (c+)” rating on shares of Digital Realty Trust in a research note on Thursday, November 13th. Cowen reiterated a “hold” rating on shares of Digital Realty Trust in a research note on Friday, October 24th. TD Cowen increased their price target on shares of Digital Realty Trust from $163.00 to $179.00 and gave the company a “hold” rating in a report on Friday, October 24th. Finally, Raymond James Financial boosted their price objective on Digital Realty Trust from $190.00 to $205.00 and gave the stock a “strong-buy” rating in a report on Friday, July 25th. Two research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $198.14.

Digital Realty Trust Price Performance

Shares of Digital Realty Trust stock opened at $159.52 on Wednesday. The stock has a market capitalization of $54.80 billion, a price-to-earnings ratio of 41.22, a price-to-earnings-growth ratio of 4.13 and a beta of 0.96. Digital Realty Trust, Inc. has a twelve month low of $129.95 and a twelve month high of $198.00. The company has a quick ratio of 2.22, a current ratio of 2.02 and a debt-to-equity ratio of 0.80. The company has a 50-day simple moving average of $171.28 and a two-hundred day simple moving average of $171.13.

Digital Realty Trust (NYSE:DLR) last released its earnings results on Friday, October 31st. The real estate investment trust reported $0.15 earnings per share for the quarter. Digital Realty Trust had a return on equity of 6.41% and a net margin of 23.67%.The firm had revenue of $1.58 billion during the quarter. Analysts forecast that Digital Realty Trust, Inc. will post 7.07 EPS for the current year.

Digital Realty Trust Announces Dividend

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

Insider Buying and Selling

In other news, CEO Andrew Power sold 53,269 shares of the stock in a transaction dated Monday, September 15th. The shares were sold at an average price of $175.16, for a total value of $9,330,598.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.17% 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.