FFG Partners LLC Makes New $10.45 Million Investment in Digital Realty Trust, Inc. (NYSE:DLR)

FFG Partners LLC purchased a new position in Digital Realty Trust, Inc. (NYSE:DLR) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 64,552 shares of the real estate investment trust’s stock, valued at approximately $10,446,000. Digital Realty Trust comprises 3.6% of FFG Partners LLC’s investment portfolio, making the stock its 12th largest position.

Several other hedge funds have also recently made changes to their positions in DLR. Wealth Enhancement Advisory Services LLC lifted its position in shares of Digital Realty Trust by 15.7% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 14,976 shares of the real estate investment trust’s stock worth $2,277,000 after purchasing an additional 2,027 shares during the last quarter. Envestnet Portfolio Solutions Inc. raised its stake in Digital Realty Trust by 5.1% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 8,761 shares of the real estate investment trust’s stock valued at $1,332,000 after buying an additional 429 shares during the last quarter. 180 Wealth Advisors LLC acquired a new position in Digital Realty Trust during the 2nd quarter valued at approximately $208,000. Assenagon Asset Management S.A. raised its stake in Digital Realty Trust by 0.4% in the 2nd quarter. Assenagon Asset Management S.A. now owns 27,794 shares of the real estate investment trust’s stock worth $4,226,000 after acquiring an additional 124 shares during the last quarter. Finally, Blue Trust Inc. increased its holdings in Digital Realty Trust by 1,172.1% in the 2nd quarter. Blue Trust Inc. now owns 1,870 shares of the real estate investment trust’s stock worth $269,000 after buying an additional 1,723 shares during the period. 99.71% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Digital Realty Trust

In related news, CFO Matt Mercier sold 2,518 shares of the firm’s stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $187.40, for a total transaction of $471,873.20. The transaction was disclosed in a filing with the SEC, which is available at this link. Insiders own 0.17% of the company’s stock.

Digital Realty Trust Stock Up 0.6 %

DLR stock traded up $1.09 during trading on Friday, hitting $187.00. 83,580 shares of the company’s stock were exchanged, compared to its average volume of 1,868,597. The business has a 50-day moving average price of $178.29 and a two-hundred day moving average price of $161.04. The company has a current ratio of 1.61, a quick ratio of 1.61 and a debt-to-equity ratio of 0.81. The stock has a market capitalization of $62.03 billion, a price-to-earnings ratio of 157.26, a PEG ratio of 4.97 and a beta of 0.62. Digital Realty Trust, Inc. has a 52-week low of $130.00 and a 52-week high of $198.00.

Digital Realty Trust (NYSE:DLR) last released its quarterly earnings data on Thursday, October 24th. The real estate investment trust reported $0.09 earnings per share for the quarter, missing analysts’ consensus estimates of $1.67 by ($1.58). The company had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.43 billion. Digital Realty Trust had a return on equity of 2.24% and a net margin of 8.04%. The firm’s revenue for the quarter was up 2.1% compared to the same quarter last year. During the same period in the previous year, the business posted $1.62 EPS. As a group, equities research analysts expect that Digital Realty Trust, Inc. will post 6.71 EPS for the current year.

Digital Realty Trust Dividend Announcement

The company also recently disclosed 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. This represents a $4.88 annualized dividend and a dividend yield of 2.61%. The ex-dividend date of this dividend is Friday, December 13th. Digital Realty Trust’s payout ratio is 410.08%.

Analysts Set New Price Targets

Several equities research analysts have commented on DLR shares. Hsbc Global Res upgraded Digital Realty Trust from a “moderate sell” rating to a “hold” rating in a research report on Friday, October 4th. Evercore ISI upped their price objective on shares of Digital Realty Trust from $160.00 to $175.00 and gave the company an “outperform” rating in a research note on Wednesday, October 23rd. Barclays boosted their price target on shares of Digital Realty Trust from $135.00 to $142.00 and gave the company an “underweight” rating in a research report on Monday, November 18th. Raymond James lifted their target price on Digital Realty Trust from $170.00 to $190.00 and gave the company a “strong-buy” rating in a research report on Friday, October 25th. Finally, Wells Fargo & Company lifted their target price on shares of Digital Realty Trust from $185.00 to $210.00 and gave the company an “overweight” rating in a report on Tuesday. Two analysts have rated the stock with a sell rating, eight have given a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $171.68.

Digital Realty Trust Profile

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.