Digital Realty Trust, Inc. $DLR Stake Lifted by ProShare Advisors LLC

Key Points

• ProShare Advisors increased its Digital Realty Trust stake by 11.7% in the third quarter, ending the period with 68,713 shares worth about $12.1 million. Other institutional investors also raised holdings; institutions and hedge funds own 99.71% of the stock.
• Analysts rate DLR a “Moderate Buy,” with a consensus price target of $221.53. Recent targets include $237 from Goldman Sachs and $227 from RBC and Rothschild & Co Redburn.
• Digital Realty reported quarterly revenue of $1.90 billion, up 20.6% year over year and above estimates, but EPS of $0.48 missed the $0.52 consensus. It paid a quarterly dividend of $1.22 per share, equivalent to a 2.7% annualized yield.

ProShare Advisors LLC boosted its holdings in Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 11.7% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 68,713 shares of the real estate investment trust's stock after purchasing an additional 7,170 shares during the period. ProShare Advisors LLC's holdings in Digital Realty Trust were worth $12,061,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of DLR. Vise Technologies Inc. raised its holdings in Digital Realty Trust by 28.9% in the third quarter. Vise Technologies Inc. now owns 10,936 shares of the real estate investment trust's stock valued at $1,920,000 after acquiring an additional 2,451 shares in the last quarter. Investment Partners LTD. grew its holdings in Digital Realty Trust by 92.6% during the 3rd quarter. Investment Partners LTD. now owns 3,851 shares of the real estate investment trust's stock worth $676,000 after acquiring an additional 1,852 shares in the last quarter. Cidel Asset Management Inc. grew its holdings in Digital Realty Trust by 4.0% during the 3rd quarter. Cidel Asset Management Inc. now owns 1,620 shares of the real estate investment trust's stock worth $284,000 after acquiring an additional 62 shares in the last quarter. Sagace Wealth Management LLC increased its position in shares of Digital Realty Trust by 2.7% in the 3rd quarter. Sagace Wealth Management LLC now owns 16,303 shares of the real estate investment trust's stock worth $2,862,000 after purchasing an additional 434 shares during the last quarter. Finally, Aprio Wealth Management LLC increased its position in shares of Digital Realty Trust by 3.5% in the 3rd quarter. Aprio Wealth Management LLC now owns 2,880 shares of the real estate investment trust's stock worth $506,000 after purchasing an additional 98 shares during the last quarter. Institutional investors and hedge funds own 99.71% of the company's stock.

Insider Activity at Digital Realty Trust

In other 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 transaction, the director directly owned 6,322 shares of the company's stock, valued at approximately $1,226,215.12. This represents a 3.07% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.15% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on DLR. The Goldman Sachs Group restated a "buy" rating and issued a $237.00 target price on shares of Digital Realty Trust in a research note on Friday. Royal Bank Of Canada boosted their price objective on Digital Realty Trust from $207.00 to $227.00 and gave the company an "outperform" rating in a report on Monday, July 27th. BTIG Research upped their price objective on Digital Realty Trust from $215.00 to $220.00 and gave the company a "buy" rating in a research note on Thursday, September 10th. Rothschild & Co Redburn initiated coverage on Digital Realty Trust in a report on Monday, September 21st. They set a "buy" rating and a $227.00 target price on the stock. Finally, Argus raised Digital Realty Trust from a "hold" rating to a "buy" rating and set a $212.00 target price on the stock in a report on Wednesday, August 5th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and six have issued a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $221.53.

Digital Realty Trust Stock Up 2.1%

Shares of NYSE:DLR opened at $179.73 on Wednesday. The company's fifty day moving average is $180.97 and its two-hundred day moving average is $183.09. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.06 and a current ratio of 0.72. Digital Realty Trust, Inc. has a 1-year low of $146.23 and a 1-year high of $208.14. The stock has a market capitalization of $68.00 billion, a price-to-earnings ratio of 21.64, a price-to-earnings-growth ratio of 3.43 and a beta of 0.97.

Digital Realty Trust (NYSE:DLR - Get Free Report) last posted its quarterly earnings results on Thursday, October 29th. The real estate investment trust reported $0.48 EPS for the quarter, missing the consensus estimate of $0.52 by ($0.04). Digital Realty Trust had a net margin of 13.06% and a return on equity of 3.68%. The business had revenue of $1.90 billion during the quarter, compared to analyst estimates of $1.75 billion. During the same period last year, the firm posted $1.89 earnings per share. The company's quarterly revenue was up 20.6% on a year-over-year basis. Equities analysts anticipate that Digital Realty Trust, Inc. will post 8.44 EPS for the current year.

Digital Realty Trust Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders 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 2.7%. The ex-dividend date was Tuesday, September 15th. Digital Realty Trust's payout ratio is presently 204.18%.

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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