NEOS Investment Management LLC increased its position in shares of Digital Realty Trust, Inc. (NYSE:DLR – Free Report) by 13.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 120,893 shares of the real estate investment trust’s stock after purchasing an additional 14,534 shares during the period. NEOS Investment Management LLC’s holdings in Digital Realty Trust were worth $21,710,000 at the end of the most recent quarter.
Several other large investors have also recently bought and sold shares of the business. Bison Wealth LLC boosted its position in shares of Digital Realty Trust by 17.2% during the 4th quarter. Bison Wealth LLC now owns 2,653 shares of the real estate investment trust’s stock worth $471,000 after acquiring an additional 390 shares in the last quarter. Empowered Funds LLC raised its position in shares of Digital Realty Trust by 9.4% during the 1st quarter. Empowered Funds LLC now owns 6,784 shares of the real estate investment trust’s stock worth $972,000 after acquiring an additional 584 shares in the last quarter. NewEdge Advisors LLC lifted its stake in Digital Realty Trust by 23.0% during the second quarter. NewEdge Advisors LLC now owns 21,739 shares of the real estate investment trust’s stock worth $3,790,000 after purchasing an additional 4,069 shares during the last quarter. Treasurer of the State of North Carolina boosted its holdings in Digital Realty Trust by 3.9% in the second quarter. Treasurer of the State of North Carolina now owns 157,567 shares of the real estate investment trust’s stock valued at $27,469,000 after purchasing an additional 5,909 shares in the last quarter. Finally, Peapack Gladstone Financial Corp increased its stake in Digital Realty Trust by 0.8% in the second quarter. Peapack Gladstone Financial Corp now owns 27,631 shares of the real estate investment trust’s stock valued at $4,816,000 after purchasing an additional 231 shares during the last quarter. Hedge funds and other institutional investors own 99.71% of the company’s stock.
Digital Realty Trust Stock Up 0.3%
DLR stock opened at $188.35 on Friday. The company has a market cap of $69.88 billion, a price-to-earnings ratio of 91.43, a price-to-earnings-growth ratio of 3.60 and a beta of 1.02. The company has a fifty day moving average price of $186.36 and a 200 day moving average price of $186.58. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.06 and a quick ratio of 1.06. Digital Realty Trust, Inc. has a 12 month low of $146.23 and a 12 month high of $208.14.
Digital Realty Trust Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be given a $1.22 dividend. This represents a $4.88 annualized dividend and a yield of 2.6%. The ex-dividend date is Tuesday, September 15th. Digital Realty Trust’s payout ratio is 236.89%.
Insider Buying and Selling
In other Digital Realty Trust news, Director Mark Patterson sold 200 shares of the company’s stock in a transaction that occurred on Thursday, August 27th. The stock was sold at an average price of $193.96, for a total transaction of $38,792.00. Following the completion of the sale, the director directly owned 6,322 shares of the company’s stock, valued at $1,226,215.12. This represents a 3.07% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.15% of the stock is currently owned by corporate insiders.
Analyst Upgrades and Downgrades
Several analysts have recently weighed in on the stock. Citigroup restated a “market outperform” rating on shares of Digital Realty Trust in a research report on Friday, July 24th. Wells Fargo & Company upgraded shares of Digital Realty Trust from an “overweight” rating to a “buy” rating in a research note on Wednesday, August 5th. Cantor Fitzgerald boosted their price target on shares of Digital Realty Trust from $211.00 to $221.00 and gave the company an “overweight” rating in a research report on Wednesday, July 29th. TD Cowen upgraded shares of Digital Realty Trust from a “hold” rating to a “buy” rating and upped their price objective for the company from $192.00 to $222.00 in a research note on Friday, July 24th. Finally, Evercore reaffirmed an “outperform” rating and set a $240.00 price objective on shares of Digital Realty Trust in a report on Tuesday, August 18th. One research analyst has rated the stock with a Strong Buy rating, twenty-five have given a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, Digital Realty Trust currently has a consensus rating of “Moderate Buy” and a consensus price target of $219.45.
Read Our Latest Report on Digital Realty Trust
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.
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