Pacer Advisors Inc. Has $61.86 Million Stake in Digital Realty Trust, Inc. (NYSE:DLR)

Key Points

• Pacer Advisors Inc. increased its stake in Digital Realty Trust by 15.5% during the 1st quarter, owning 431,707 shares valued at approximately $61.86 million.
• A variety of analysts updated their price targets for Digital Realty Trust, with Bank of America initiating coverage with a price target of $210.00 and several others providing ratings between "buy" and "strong buy."
• Digital Realty Trust recently announced a quarterly dividend of $1.22 per share, with a current yield of 2.74%, although the payout ratio is noted to be high at 128.08%.

Pacer Advisors Inc. increased its position in Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 15.5% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 431,707 shares of the real estate investment trust's stock after purchasing an additional 57,822 shares during the quarter. Pacer Advisors Inc. owned 0.13% of Digital Realty Trust worth $61,859,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Proficio Capital Partners LLC acquired a new stake in shares of Digital Realty Trust during the 4th quarter worth approximately $217,000. Virtu Financial LLC acquired a new stake in shares of Digital Realty Trust in the fourth quarter worth $210,000. LPL Financial LLC raised its holdings in shares of Digital Realty Trust by 20.9% during the fourth quarter. LPL Financial LLC now owns 254,370 shares of the real estate investment trust's stock worth $45,107,000 after acquiring an additional 44,001 shares in the last quarter. TIAA Trust National Association raised its stake in shares of Digital Realty Trust by 29.2% during the 4th quarter. TIAA Trust National Association now owns 1,660 shares of the real estate investment trust's stock worth $294,000 after purchasing an additional 375 shares in the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in shares of Digital Realty Trust by 6.7% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 705,529 shares of the real estate investment trust's stock valued at $128,223,000 after buying an additional 44,127 shares in the last quarter. Hedge funds and other institutional investors own 99.71% of the company's stock.

Digital Realty Trust Stock Performance

Shares of DLR stock traded up $0.50 on Wednesday, hitting $178.80. The company had a trading volume of 184,556 shares, compared to its average volume of 2,156,355. The company has a 50-day moving average price of $173.89 and a 200-day moving average price of $163.91. Digital Realty Trust, Inc. has a twelve month low of $129.95 and a twelve month high of $198.00. The firm has a market cap of $60.22 billion, a P/E ratio of 46.93, a price-to-earnings-growth ratio of 3.26 and a beta of 0.95. The company has a quick ratio of 1.92, a current ratio of 2.22 and a debt-to-equity ratio of 0.82.

Digital Realty Trust (NYSE:DLR - Get Free Report) last announced its quarterly earnings results on Thursday, July 24th. The real estate investment trust reported $1.87 earnings per share for the quarter, beating analysts' consensus estimates 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 business had revenue of $1.49 billion during the quarter, compared to analysts' expectations of $1.44 billion. During the same period last year, the business earned $1.65 earnings per share. The business's revenue for the quarter was up 10.0% on a year-over-year basis. As a group, equities research analysts predict that Digital Realty Trust, Inc. will post 7.07 earnings per share for the current fiscal year.

Digital Realty Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Friday, June 13th were given a $1.22 dividend. This represents a $4.88 dividend on an annualized basis and a dividend yield of 2.73%. The ex-dividend date of this dividend was Friday, June 13th. Digital Realty Trust's dividend payout ratio is presently 128.08%.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on DLR. Stifel Nicolaus upped their price objective on shares of Digital Realty Trust from $190.00 to $205.00 and gave the stock a "buy" rating in a report on Friday, July 25th. Barclays upped their price target on shares of Digital Realty Trust from $139.00 to $140.00 and gave the company an "underweight" rating in a report on Thursday, July 24th. Scotiabank lowered their target price on Digital Realty Trust from $208.00 to $206.00 and set a "sector outperform" rating on the stock in a report on Tuesday, April 22nd. Mizuho increased their price objective on Digital Realty Trust from $177.00 to $191.00 and gave the company an "outperform" rating in a research report on Tuesday, June 17th. Finally, Truist Financial upped their target price on shares of Digital Realty Trust from $184.00 to $199.00 and gave the company a "buy" rating in a research note on Wednesday. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, fifteen have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $190.68.

Insider Activity at Digital Realty Trust

In other news, Director Mark R. Patterson sold 175 shares of Digital Realty Trust stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $176.50, for a total value of $30,887.50. Following the completion of the transaction, the director owned 6,522 shares in the company, valued at approximately $1,151,133. This trade represents a 2.61% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.17% of the stock is currently owned by corporate insiders.

Digital Realty Trust 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.