Reaves W H & Co. Inc. Has $5.82 Million Stake in Digital Realty Trust, Inc. (NYSE:DLR)

Key Points

• Reaves W H & Co. Inc. increased its holdings in Digital Realty Trust by 33.3% during the first quarter, boosting its investment to 40,590 shares valued at approximately $5.8 million.
• Several hedge funds have recently purchased stakes in Digital Realty Trust, with 99.71% of the stock now held by institutional investors, indicating strong market confidence in the REIT.
• Analysts have given Digital Realty Trust an average rating of "Moderate Buy", with a consensus target price of $190.68, supported by a recent earnings report that exceeded expectations.

Reaves W H & Co. Inc. boosted its holdings in shares of Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 33.3% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 40,590 shares of the real estate investment trust's stock after buying an additional 10,150 shares during the period. Reaves W H & Co. Inc.'s holdings in Digital Realty Trust were worth $5,816,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of DLR. Key Financial Inc boosted its position in shares of Digital Realty Trust by 114.0% during the 1st quarter. Key Financial Inc now owns 259 shares of the real estate investment trust's stock valued at $37,000 after acquiring an additional 138 shares in the last quarter. Opal Wealth Advisors LLC bought a new position in Digital Realty Trust during the first quarter worth about $38,000. Grove Bank & Trust boosted its holdings in Digital Realty Trust by 306.7% during the first quarter. Grove Bank & Trust now owns 305 shares of the real estate investment trust's stock valued at $44,000 after purchasing an additional 230 shares in the last quarter. Alpine Bank Wealth Management bought a new stake in shares of Digital Realty Trust in the 1st quarter valued at approximately $49,000. Finally, Adirondack Trust Co. raised its holdings in shares of Digital Realty Trust by 40.8% in the 1st quarter. Adirondack Trust Co. now owns 352 shares of the real estate investment trust's stock worth $50,000 after buying an additional 102 shares in the last quarter. Institutional investors and hedge funds own 99.71% of the company's stock.

Digital Realty Trust Trading Up 1.0%

Shares of DLR traded up $1.66 on Thursday, reaching $171.15. 1,164,453 shares of the company's stock were exchanged, compared to its average volume of 1,526,305. The business has a 50 day moving average price of $174.42 and a two-hundred day moving average price of $163.84. Digital Realty Trust, Inc. has a 12 month low of $129.95 and a 12 month high of $198.00. The stock has a market capitalization of $58.37 billion, a P/E ratio of 44.92, a price-to-earnings-growth ratio of 3.15 and a beta of 0.92. The company has a current ratio of 2.22, a quick ratio of 1.92 and a debt-to-equity ratio of 0.82.

Digital Realty Trust (NYSE:DLR - Get Free Report) last issued its earnings results on Thursday, July 24th. The real estate investment trust reported $1.87 EPS for the quarter, beating 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 during the quarter, compared to analysts' expectations of $1.44 billion. During the same quarter in the previous year, the company posted $1.65 EPS. The business's revenue for the quarter was up 10.0% compared to the same quarter last year. Research analysts anticipate that Digital Realty Trust, Inc. will post 7.07 earnings per share for the current year.

Digital Realty Trust Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Friday, June 13th were issued a $1.22 dividend. The ex-dividend date of this dividend was Friday, June 13th. This represents a $4.88 annualized dividend and a dividend yield of 2.9%. Digital Realty Trust's payout ratio is 128.08%.

Insider Activity

In related news, Director Mark R. Patterson sold 175 shares of the firm's stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $176.50, for a total transaction of $30,887.50. Following the sale, the director owned 6,522 shares of the company's stock, valued at approximately $1,151,133. This trade represents a 2.61% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.13% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. New Street Research upgraded Digital Realty Trust to a "hold" rating in a research report on Monday, April 28th. Wells Fargo & Company boosted their price target on shares of Digital Realty Trust from $185.00 to $195.00 and gave the company an "overweight" rating in a research report on Friday, July 25th. JMP Securities reaffirmed a "market outperform" rating and set a $220.00 price objective on shares of Digital Realty Trust in a report on Monday, April 28th. Oppenheimer started coverage on Digital Realty Trust in a report on Wednesday, May 14th. They issued an "outperform" rating and a $200.00 target price on the stock. Finally, Scotiabank dropped their price target 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 issued a hold rating, fifteen have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus 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.