SVB Wealth LLC Acquires New Holdings in Digital Realty Trust, Inc. $DLR

by · The Markets Daily

SVB Wealth LLC bought a new position in shares of Digital Realty Trust, Inc. (NYSE:DLRFree Report) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 5,641 shares of the real estate investment trust’s stock, valued at approximately $983,000.

Several other hedge funds also recently modified their holdings of DLR. Norges Bank bought a new position in Digital Realty Trust in the second quarter valued at about $3,808,270,000. Canada Pension Plan Investment Board increased its stake in shares of Digital Realty Trust by 63.0% in the first quarter. Canada Pension Plan Investment Board now owns 7,144,737 shares of the real estate investment trust’s stock valued at $1,023,769,000 after buying an additional 2,760,286 shares during the period. Goldman Sachs Group Inc. increased its stake in shares of Digital Realty Trust by 37.2% in the first quarter. Goldman Sachs Group Inc. now owns 3,009,673 shares of the real estate investment trust’s stock valued at $431,256,000 after buying an additional 816,334 shares during the period. Cbre Investment Management Listed Real Assets LLC raised its holdings in Digital Realty Trust by 399.6% in the 1st quarter. Cbre Investment Management Listed Real Assets LLC now owns 966,936 shares of the real estate investment trust’s stock valued at $138,552,000 after buying an additional 773,393 shares during the last quarter. Finally, Amundi boosted its position in Digital Realty Trust by 49.4% during the 1st quarter. Amundi now owns 2,168,991 shares of the real estate investment trust’s stock worth $306,023,000 after buying an additional 717,551 shares during the period. Institutional investors and hedge funds own 99.71% of the company’s stock.

Digital Realty Trust Price Performance

Digital Realty Trust stock opened at $162.72 on Wednesday. The stock has a market capitalization of $55.90 billion, a price-to-earnings ratio of 42.05, a PEG ratio of 4.23 and a beta of 1.11. Digital Realty Trust, Inc. has a 52-week low of $129.95 and a 52-week high of $189.21. The company has a debt-to-equity ratio of 0.80, a quick ratio of 2.02 and a current ratio of 2.02. The stock’s 50 day moving average price is $167.30 and its two-hundred day moving average price is $170.28.

Digital Realty Trust (NYSE:DLRGet Free Report) last released its quarterly earnings data on Friday, October 31st. The real estate investment trust reported $0.15 earnings per share for the quarter. The company had revenue of $1.58 billion during the quarter. Digital Realty Trust had a net margin of 23.67% and a return on equity of 6.41%. On average, equities analysts predict that Digital Realty Trust, Inc. will post 7.07 earnings per share for the current year.

Digital Realty Trust Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, January 16th. Shareholders of record on Monday, December 15th will be issued a $1.22 dividend. The ex-dividend date is Monday, December 15th. This represents a $4.88 annualized dividend and a yield of 3.0%. Digital Realty Trust’s dividend payout ratio is presently 126.10%.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on DLR. Jefferies Financial Group increased their price objective on Digital Realty Trust from $205.00 to $206.00 and gave the company a “buy” rating in a report on Thursday, December 4th. Stifel Nicolaus set a $210.00 price objective on Digital Realty Trust in a research report on Friday, October 24th. Wall Street Zen lowered Digital Realty Trust from a “hold” rating to a “strong sell” rating in a research note on Saturday, November 8th. JPMorgan Chase & Co. raised their price target on shares of Digital Realty Trust from $200.00 to $210.00 and gave the stock an “overweight” rating in a report on Friday, October 24th. Finally, Loop Capital set a $205.00 price objective on shares of Digital Realty Trust in a research note on Monday, October 27th. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $198.76.

Check Out Our Latest Report on DLR

Insider Buying and Selling

In other news, CEO Andrew Power sold 53,269 shares of the business’s stock in a transaction that occurred on Monday, September 15th. The stock was sold at an average price of $175.16, for a total transaction of $9,330,598.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Mary Hogan Preusse sold 4,166 shares of the stock in a transaction on Monday, December 1st. The stock was sold at an average price of $157.42, for a total value of $655,811.72. The SEC filing for this sale provides additional information. Insiders sold 62,166 shares of company stock valued at $10,814,808 in the last three months. Insiders own 0.17% of the company’s stock.

Digital Realty Trust Company Profile

(Free Report)

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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