Cetera Investment Advisers Purchases 3,754 Shares of Digital Realty Trust, Inc. (NYSE:DLR)

Key Points

• Cetera Investment Advisers increased its holdings in Digital Realty Trust by 11.9% during Q1, owning 35,251 shares worth approximately $5.05 million.
• Digital Realty Trust reported $1.87 EPS for the latest quarter, surpassing estimates, with a revenue increase of 10% year-over-year.
• The stock has an average rating of "Moderate Buy" among analysts, with a consensus price target of $190.68.

Cetera Investment Advisers lifted its stake in shares of Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 11.9% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 35,251 shares of the real estate investment trust's stock after purchasing an additional 3,754 shares during the quarter. Cetera Investment Advisers' holdings in Digital Realty Trust were worth $5,051,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. Invesco Ltd. raised its position in Digital Realty Trust by 18.4% in the fourth quarter. Invesco Ltd. now owns 3,905,883 shares of the real estate investment trust's stock valued at $692,630,000 after purchasing an additional 607,132 shares during the last quarter. Pacific Heights Asset Management LLC lifted its holdings in Digital Realty Trust by 33.3% during the first quarter. Pacific Heights Asset Management LLC now owns 100,000 shares of the real estate investment trust's stock worth $14,329,000 after acquiring an additional 25,000 shares during the period. Vectors Research Management LLC raised its stake in shares of Digital Realty Trust by 15.8% in the first quarter. Vectors Research Management LLC now owns 21,507 shares of the real estate investment trust's stock valued at $3,082,000 after buying an additional 2,930 shares during the period. Asset Management One Co. Ltd. grew its position in shares of Digital Realty Trust by 3.5% in the first quarter. Asset Management One Co. Ltd. now owns 643,424 shares of the real estate investment trust's stock valued at $92,196,000 after purchasing an additional 21,598 shares in the last quarter. Finally, Brown Advisory Inc. grew its position in shares of Digital Realty Trust by 25.2% in the first quarter. Brown Advisory Inc. now owns 8,174 shares of the real estate investment trust's stock valued at $1,171,000 after purchasing an additional 1,644 shares in the last quarter. 99.71% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Digital Realty Trust

In related news, Director Mark R. Patterson sold 175 shares of Digital Realty Trust stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $176.50, for a total transaction of $30,887.50. Following the completion of the transaction, the director directly owned 6,522 shares of the company's stock, valued at $1,151,133. This trade represents a 2.61% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.17% of the stock is owned by corporate insiders.

Digital Realty Trust Trading Down 2.5%

Shares of NYSE:DLR traded down $4.39 during mid-day trading on Friday, hitting $172.05. The stock had a trading volume of 1,662,113 shares, compared to its average volume of 1,519,500. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.92 and a current ratio of 2.22. The company has a market cap of $57.94 billion, a PE ratio of 45.16, a P/E/G ratio of 3.20 and a beta of 0.92. Digital Realty Trust, Inc. has a 12-month low of $129.95 and a 12-month high of $198.00. The company's 50 day moving average is $174.33 and its 200-day moving average is $163.95.

Digital Realty Trust (NYSE:DLR - Get Free Report) last posted its earnings results on Thursday, July 24th. The real estate investment trust reported $1.87 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.74 by $0.13. The business had revenue of $1.49 billion for the quarter, compared to analyst estimates of $1.44 billion. Digital Realty Trust had a net margin of 23.98% and a return on equity of 6.46%. Digital Realty Trust's revenue was up 10.0% compared to the same quarter last year. During the same period last year, the business posted $1.65 EPS. On average, sell-side analysts predict that Digital Realty Trust, Inc. will post 7.07 EPS for the current year.

Digital Realty Trust Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Friday, June 13th were issued a dividend of $1.22 per share. This represents a $4.88 annualized dividend and a yield of 2.8%. The ex-dividend date of this dividend was Friday, June 13th. Digital Realty Trust's dividend payout ratio (DPR) is currently 128.08%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. Oppenheimer initiated coverage on Digital Realty Trust in a research note on Wednesday, May 14th. They issued an "outperform" rating and a $200.00 target price for the company. Stifel Nicolaus raised their target price on Digital Realty Trust from $190.00 to $205.00 and gave the stock a "buy" rating in a report on Friday, July 25th. New Street Research raised Digital Realty Trust to a "hold" rating in a research note on Monday, April 28th. Wall Street Zen upgraded Digital Realty Trust from a "sell" rating to a "hold" rating in a report on Sunday, June 1st. Finally, Scotiabank decreased their price objective on Digital Realty Trust from $208.00 to $206.00 and set a "sector outperform" rating for the company in a report on Tuesday, April 22nd. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, fifteen have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, Digital Realty Trust presently has an average rating of "Moderate Buy" and an average target price of $190.68.

Digital Realty Trust Company Profile

Digital Realty Trust, Inc operates as a real estate investment trust, which engages in the provision of data center, colocation and interconnection solutions. It serves the following industries: artificial intelligence (AI), networks, cloud, digital media, mobile, financial services, healthcare, and gaming.