126,282 Shares of Digital Realty Trust, Inc. $DLR Bought by Mirae Asset Global Investments Co. Ltd.

Key Points

• Mirae Asset Global Investments purchased 126,282 shares of Digital Realty Trust worth approximately $22.2 million in the third quarter. Institutional investors collectively own 99.71% of DLR’s outstanding shares.
• Digital Realty reported quarterly revenue of $1.90 billion, up 20.6% year over year and above estimates, but earnings per share of $0.48 fell short of the $0.52 consensus forecast.
• DLR shares opened at $175.79, while analysts maintain a consensus “Moderate Buy” rating and an average price target of $221.53. The company also pays a quarterly dividend of $1.22, representing a 2.8% annualized yield.

Mirae Asset Global Investments Co. Ltd. bought a new stake in Digital Realty Trust, Inc. (NYSE:DLR - Free Report) in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 126,282 shares of the real estate investment trust's stock, valued at approximately $22,166,000.

Other hedge funds have also modified their holdings of the company. Gables Capital Management Inc. purchased a new position in Digital Realty Trust in the 2nd quarter worth approximately $29,000. Bell Investment Advisors Inc purchased a new stake in shares of Digital Realty Trust during the second quarter valued at approximately $31,000. Ashurst Perkins Coie Trust Co purchased a new stake in shares of Digital Realty Trust during the third quarter valued at approximately $31,000. First Community Trust NA acquired a new position in shares of Digital Realty Trust during the third quarter worth $31,000. Finally, Solstein Capital LLC acquired a new position in shares of Digital Realty Trust during the second quarter worth $32,000. 99.71% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Mark Patterson sold 200 shares of the business's stock in a transaction dated Thursday, August 27th. The stock was sold at an average price of $193.96, for a total value 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. The trade was a 3.07% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.15% of the company's stock.

Digital Realty Trust Stock Down 2.7%

Shares of NYSE:DLR opened at $175.79 on Tuesday. The firm has a market cap of $65.22 billion, a PE ratio of 22.70, a price-to-earnings-growth ratio of 3.47 and a beta of 0.99. The company has a fifty day simple moving average of $181.15 and a 200 day simple moving average of $182.98. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.68. Digital Realty Trust, Inc. has a 12-month low of $146.23 and a 12-month high of $208.14.

Digital Realty Trust (NYSE:DLR - Get Free Report) last posted its quarterly earnings data on Thursday, October 29th. The real estate investment trust reported $0.48 EPS for the quarter, missing analysts' consensus estimates of $0.52 by ($0.04). The company had revenue of $1.90 billion for the quarter, compared to the consensus estimate of $1.75 billion. Digital Realty Trust had a net margin of 11.80% and a return on equity of 3.34%. The company's revenue was up 20.6% compared to the same quarter last year. During the same quarter last year, the company earned $1.89 earnings per share. On average, equities research analysts anticipate that Digital Realty Trust, Inc. will post 8.37 EPS for the current fiscal year.

Digital Realty Trust Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th were paid a $1.22 dividend. This represents a $4.88 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date was Tuesday, September 15th. Digital Realty Trust's dividend payout ratio (DPR) is 204.18%.

Analyst Ratings Changes

DLR has been the subject of several analyst reports. Truist Financial decreased their target price on shares of Digital Realty Trust from $225.00 to $220.00 and set a "buy" rating for the company in a research note on Thursday, July 30th. Cantor Fitzgerald boosted their price objective on shares of Digital Realty Trust from $221.00 to $223.00 and gave the stock an "overweight" rating in a report on Friday. Wall Street Zen upgraded shares of Digital Realty Trust from a "sell" rating to a "hold" rating in a report on Saturday, July 25th. Citigroup upped their price objective on shares of Digital Realty Trust from $226.00 to $234.00 and gave the company a "buy" rating in a research report on Friday. Finally, Weiss Ratings downgraded Digital Realty Trust from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Wednesday, August 12th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $221.53.

About Digital Realty Trust

Digital Realty Trust, Inc is a real estate investment trust that owns, operates and develops data center facilities for businesses, cloud service providers, information technology companies and telecommunications organizations. The company provides the physical infrastructure needed to support data storage, networking, cloud computing and other digital operations.

Its services include data center colocation, interconnection and private connectivity solutions. Digital Realty also offers access to cloud and network providers through its PlatformDIGITAL platform, which is designed to help customers deploy, connect and manage their digital infrastructure across multiple locations.

Founded in 2001, Digital Realty serves customers through a global portfolio of data centers and related facilities across North America, Europe, Asia-Pacific and Latin America.

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