Orion Portfolio Solutions LLC Increases Stock Holdings in Digital Realty Trust, Inc. (NYSE:DLR)

Orion Portfolio Solutions LLC increased its stake in Digital Realty Trust, Inc. (NYSE:DLR) by 12.5% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 4,365 shares of the real estate investment trust’s stock after acquiring an additional 485 shares during the quarter. Orion Portfolio Solutions LLC’s holdings in Digital Realty Trust were worth $706,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in the stock. XTX Topco Ltd acquired a new position in shares of Digital Realty Trust during the 3rd quarter worth about $2,299,000. National Bank of Canada FI increased its stake in Digital Realty Trust by 48.1% during the 3rd quarter. National Bank of Canada FI now owns 220,143 shares of the real estate investment trust’s stock worth $35,625,000 after buying an additional 71,496 shares in the last quarter. EP Wealth Advisors LLC raised its holdings in shares of Digital Realty Trust by 5.4% during the third quarter. EP Wealth Advisors LLC now owns 4,533 shares of the real estate investment trust’s stock valued at $734,000 after acquiring an additional 232 shares during the last quarter. Weiss Asset Management LP purchased a new position in shares of Digital Realty Trust in the third quarter valued at approximately $9,573,000. Finally, Tabor Asset Management LP boosted its stake in shares of Digital Realty Trust by 57.7% in the third quarter. Tabor Asset Management LP now owns 22,337 shares of the real estate investment trust’s stock worth $3,615,000 after acquiring an additional 8,177 shares during the last quarter. 99.71% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Digital Realty Trust news, CFO Matt Mercier sold 2,518 shares of the business’s stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $187.40, for a total value of $471,873.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.17% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of research analysts have weighed in on DLR shares. Royal Bank of Canada raised their price objective on Digital Realty Trust from $177.00 to $207.00 and gave the company an “outperform” rating in a report on Monday, October 28th. TD Cowen boosted their price target on shares of Digital Realty Trust from $120.00 to $128.00 and gave the stock a “hold” rating in a research report on Friday, October 25th. Barclays upped their price objective on shares of Digital Realty Trust from $135.00 to $142.00 and gave the company an “underweight” rating in a research note on Monday, November 18th. Scotiabank raised their target price on shares of Digital Realty Trust from $157.00 to $178.00 and gave the stock a “sector perform” rating in a research note on Friday, October 25th. Finally, Wells Fargo & Company increased their price target on Digital Realty Trust from $185.00 to $210.00 and gave the company an “overweight” rating in a report on Tuesday, December 10th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Digital Realty Trust presently has a consensus rating of “Moderate Buy” and an average price target of $171.68.

Digital Realty Trust Stock Up 0.2 %

Digital Realty Trust stock opened at $185.46 on Tuesday. The company has a market capitalization of $61.52 billion, a PE ratio of 155.85, a price-to-earnings-growth ratio of 4.97 and a beta of 0.62. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.61 and a current ratio of 1.61. Digital Realty Trust, Inc. has a fifty-two week low of $130.00 and a fifty-two week high of $198.00. The firm has a 50 day moving average price of $179.44 and a 200 day moving average price of $161.88.

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

Digital Realty Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 17th. Investors of record on Friday, December 13th will be issued a $1.22 dividend. This represents a $4.88 dividend on an annualized basis and a dividend yield of 2.63%. The ex-dividend date of this dividend is Friday, December 13th. Digital Realty Trust’s dividend payout ratio (DPR) is currently 410.08%.

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.