Digital Realty Trust, Inc. $DLR Stake Raised by Fulcrum Asset Management LLP

Key Points

• Fulcrum Asset Management increased its Digital Realty stake by 8,318.5% in the third quarter, adding 63,886 shares to hold 64,654 shares worth about $11.4 million. Institutional investors collectively own 99.71% of the company.
• 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 missed the $0.52 consensus.
• Analysts’ consensus rating is Moderate Buy, with an average price target of $221.53. The company’s annualized dividend is $4.88 per share, a 2.8% yield.

Fulcrum Asset Management LLP raised its holdings in Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 8,318.5% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 64,654 shares of the real estate investment trust's stock after purchasing an additional 63,886 shares during the quarter. Digital Realty Trust accounts for approximately 0.5% of Fulcrum Asset Management LLP's investment portfolio, making the stock its 26th biggest position. Fulcrum Asset Management LLP's holdings in Digital Realty Trust were worth $11,415,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of DLR. Montecito Bank & Trust boosted its stake in shares of Digital Realty Trust by 413.2% in the 3rd quarter. Montecito Bank & Trust now owns 22,915 shares of the real estate investment trust's stock valued at $4,022,000 after purchasing an additional 18,450 shares in the last quarter. NewEdge Advisors LLC grew its holdings in shares of Digital Realty Trust by 88.0% during the 2nd quarter. NewEdge Advisors LLC now owns 43,832 shares of the real estate investment trust's stock valued at $7,871,000 after purchasing an additional 20,513 shares during the last quarter. Benjamin Edwards Inc. grew its holdings in shares of Digital Realty Trust by 40.6% during the 2nd quarter. Benjamin Edwards Inc. now owns 88,953 shares of the real estate investment trust's stock valued at $15,978,000 after purchasing an additional 25,667 shares during the last quarter. Beacon Pointe Advisors LLC bought a new stake in shares of Digital Realty Trust during the 2nd quarter valued at approximately $3,286,000. Finally, Galaxy Digital Capital Management GP LLC acquired a new position in Digital Realty Trust during the 2nd quarter worth approximately $2,837,000. Institutional investors own 99.71% of the company's stock.

Digital Realty Trust Price Performance

DLR stock opened at $174.03 on Monday. The company has a market capitalization of $65.84 billion, a P/E ratio of 72.81, a PEG ratio of 3.40 and a beta of 0.97. The company has a fifty day moving average price of $180.10 and a 200-day moving average price of $183.34. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.72 and a current ratio of 0.72. Digital Realty Trust, Inc. has a 52-week low of $146.23 and a 52-week high of $208.14.

Digital Realty Trust (NYSE:DLR - Get Free Report) last issued its quarterly earnings data on Thursday, October 29th. The real estate investment trust reported $0.48 earnings per share for the quarter, missing the consensus estimate of $0.52 by ($0.04). The business had revenue of $1.90 billion during the quarter, compared to the consensus estimate of $1.75 billion. Digital Realty Trust had a return on equity of 3.68% and a net margin of 13.06%. The business's revenue for the quarter was up 20.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.89 EPS. As a group, equities analysts expect that Digital Realty Trust, Inc. will post 8.42 EPS for the current year.

Digital Realty Trust Announces Dividend

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

Analysts Set New Price Targets

Several brokerages recently commented on DLR. Cantor Fitzgerald increased their price objective on shares of Digital Realty Trust from $221.00 to $223.00 and gave the company an "overweight" rating in a research note on Friday, October 30th. Argus raised shares of Digital Realty Trust from a "hold" rating to a "buy" rating and set a $212.00 target price on the stock in a research note on Wednesday, August 5th. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating and set a $229.00 price target on shares of Digital Realty Trust in a report on Monday, July 27th. Wall Street Zen upgraded Digital Realty Trust from a "sell" rating to a "hold" rating in a research note on Saturday, July 25th. Finally, KeyCorp reiterated a "sector weight" rating on shares of Digital Realty Trust in a research note on Friday, July 24th. Two research analysts have rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating and six have given a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $221.53.

Insider Activity at Digital Realty Trust

In other news, Director Mark Patterson sold 200 shares of the 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 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 sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 0.15% of the company's stock.

Digital Realty Trust Profile

Digital Realty Trust, Inc is a real estate investment trust that owns, operates and develops data centers. Its facilities support customers' IT infrastructure, including the equipment and systems used to store, process and exchange digital information.

The company provides data center space and related services, including colocation, interconnection and access to cloud and network providers. Its PlatformDIGITAL offering connects businesses with customers, partners and service providers across its data center portfolio.

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