Ethic Inc. Has $6.43 Million Stock Position in Digital Realty Trust, Inc. $DLR

Key Points

• Ethic Inc. increased its stake in Digital Realty Trust by 8.7% during the second quarter, holding 37,510 shares valued at approximately $6.43 million.
• The stock has received several analyst ratings, with a consensus of "Moderate Buy" and a target price of around $193.05.
• Digital Realty Trust recently paid a quarterly dividend of $1.22 per share, yielding 2.8%, with a payout ratio of 128.08%.

Ethic Inc. boosted its position in Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 8.7% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 37,510 shares of the real estate investment trust's stock after purchasing an additional 2,990 shares during the period. Ethic Inc.'s holdings in Digital Realty Trust were worth $6,428,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of the company. Summit Place Financial Advisors LLC lifted its stake in Digital Realty Trust by 2.0% in the 2nd quarter. Summit Place Financial Advisors LLC now owns 2,857 shares of the real estate investment trust's stock valued at $498,000 after purchasing an additional 57 shares during the last quarter. Nvwm LLC lifted its position in Digital Realty Trust by 1.9% during the first quarter. Nvwm LLC now owns 3,287 shares of the real estate investment trust's stock worth $471,000 after acquiring an additional 60 shares during the last quarter. Riverbend Wealth Management LLC lifted its position in Digital Realty Trust by 3.0% during the second quarter. Riverbend Wealth Management LLC now owns 2,043 shares of the real estate investment trust's stock worth $356,000 after acquiring an additional 60 shares during the last quarter. Decatur Capital Management Inc. lifted its position in Digital Realty Trust by 0.4% during the first quarter. Decatur Capital Management Inc. now owns 16,312 shares of the real estate investment trust's stock worth $2,337,000 after acquiring an additional 61 shares during the last quarter. Finally, EP Wealth Advisors LLC lifted its position in Digital Realty Trust by 1.3% during the first quarter. EP Wealth Advisors LLC now owns 4,766 shares of the real estate investment trust's stock worth $683,000 after acquiring an additional 63 shares during the last quarter. 99.71% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

DLR has been the subject of several research reports. Guggenheim initiated coverage on shares of Digital Realty Trust in a research report on Wednesday, July 9th. They set a "neutral" rating for the company. Morgan Stanley initiated coverage on shares of Digital Realty Trust in a research report on Thursday, October 16th. They set an "equal weight" rating and a $195.00 price objective for the company. Barclays raised their price objective on shares of Digital Realty Trust from $140.00 to $141.00 and gave the stock an "underweight" rating in a research report on Wednesday, August 20th. Wolfe Research upgraded shares of Digital Realty Trust from a "peer perform" rating to an "outperform" rating and set a $194.00 price objective for the company in a research report on Monday. Finally, Raymond James Financial raised their target price on shares of Digital Realty Trust from $190.00 to $205.00 and gave the stock a "strong-buy" rating in a report on Friday, July 25th. Two investment analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $193.05.

Insiders Place Their Bets

In other Digital Realty Trust news, CEO Andrew Power sold 53,269 shares of the firm's stock in a transaction on Monday, September 15th. The stock was sold at an average price of $175.16, for a total value of $9,330,598.04. The sale was disclosed in a filing with the SEC, which is available at this link. 0.13% of the stock is owned by insiders.

Digital Realty Trust Stock Up 0.5%

Shares of DLR opened at $172.57 on Thursday. Digital Realty Trust, Inc. has a 12 month low of $129.95 and a 12 month high of $198.00. The firm's 50 day moving average is $170.23 and its 200-day moving average is $168.29. The stock has a market capitalization of $58.85 billion, a PE ratio of 45.29, a P/E/G ratio of 4.83 and a beta of 0.96. The company has a current ratio of 2.22, a quick ratio of 2.22 and a debt-to-equity ratio of 0.82.

Digital Realty Trust (NYSE:DLR - Get Free Report) last announced its earnings results on Thursday, July 24th. The real estate investment trust reported $1.87 EPS for the quarter, topping the consensus estimate of $1.74 by $0.13. Digital Realty Trust had a net margin of 23.98% and a return on equity of 6.46%. The company had revenue of $1.49 billion for the quarter, compared to analysts' expectations of $1.44 billion. During the same period last year, the firm earned $1.65 earnings per share. The business's revenue for the quarter was up 10.0% on a year-over-year basis. Equities research analysts forecast that Digital Realty Trust, Inc. will post 7.07 EPS for the current year.

Digital Realty Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th were given a dividend of $1.22 per share. This represents a $4.88 annualized dividend and a yield of 2.8%. The ex-dividend date was Monday, September 15th. Digital Realty Trust's payout ratio is currently 128.08%.

About Digital Realty Trust

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.

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