True North Advisors LLC Purchases New Stake in Digital Realty Trust, Inc. (NYSE:DLR)

True North Advisors LLC acquired a new position in shares of Digital Realty Trust, Inc. (NYSE:DLR) in the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 1,235 shares of the real estate investment trust’s stock, valued at approximately $219,000.

Several other institutional investors and hedge funds also recently bought and sold shares of DLR. Adirondack Trust Co. raised its holdings in shares of Digital Realty Trust by 68.6% during the third quarter. Adirondack Trust Co. now owns 199 shares of the real estate investment trust’s stock worth $32,000 after acquiring an additional 81 shares in the last quarter. FNY Investment Advisers LLC purchased a new stake in shares of Digital Realty Trust during the 4th quarter worth about $35,000. Versant Capital Management Inc lifted its holdings in shares of Digital Realty Trust by 480.6% during the 4th quarter. Versant Capital Management Inc now owns 209 shares of the real estate investment trust’s stock valued at $37,000 after buying an additional 173 shares during the last quarter. Future Financial Wealth Managment LLC bought a new stake in shares of Digital Realty Trust in the 3rd quarter valued at approximately $38,000. Finally, First Financial Corp IN bought a new position in Digital Realty Trust during the fourth quarter valued at approximately $42,000. Hedge funds and other institutional investors own 99.71% of the company’s stock.

Digital Realty Trust Stock Performance

DLR opened at $183.45 on Friday. The stock’s 50 day simple moving average is $183.25 and its 200-day simple moving average is $167.42. The company has a current ratio of 1.61, a quick ratio of 1.61 and a debt-to-equity ratio of 0.81. The stock has a market cap of $60.85 billion, a PE ratio of 154.16, a P/E/G ratio of 4.61 and a beta of 0.64. Digital Realty Trust, Inc. has a 1 year low of $131.42 and a 1 year high of $198.00.

Digital Realty Trust (NYSE:DLR) last announced its quarterly earnings results on Thursday, October 24th. The real estate investment trust reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.67 by ($1.58). Digital Realty Trust had a net margin of 8.04% and a return on equity of 2.24%. The business had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.43 billion. During the same period last year, the firm earned $1.62 EPS. The company’s quarterly revenue was up 2.1% compared to the same quarter last year. Sell-side analysts forecast that Digital Realty Trust, Inc. will post 6.71 EPS for the current year.

Digital Realty Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, January 17th. Investors of record on Friday, December 13th were given a $1.22 dividend. This represents a $4.88 annualized dividend and a yield of 2.66%. The ex-dividend date was Friday, December 13th. Digital Realty Trust’s dividend payout ratio (DPR) is presently 410.08%.

Insiders Place Their Bets

In other Digital Realty Trust news, CFO Matt Mercier sold 2,518 shares of the stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $187.40, for a total transaction of $471,873.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.17% of the company’s stock.

Wall Street Analyst Weigh In

DLR has been the topic of several analyst reports. Hsbc Global Res upgraded shares of Digital Realty Trust from a “moderate sell” rating to a “hold” rating in a research note on Friday, October 4th. Wells Fargo & Company raised their target price on Digital Realty Trust from $185.00 to $210.00 and gave the company an “overweight” rating in a report on Tuesday, December 10th. UBS Group upgraded Digital Realty Trust from a “neutral” rating to a “buy” rating and upped their price target for the stock from $147.00 to $205.00 in a research note on Tuesday, January 7th. Evercore ISI raised their price objective on Digital Realty Trust from $160.00 to $175.00 and gave the company an “outperform” rating in a research note on Wednesday, October 23rd. Finally, HSBC raised Digital Realty Trust from a “reduce” rating to a “hold” rating and upped their target price for the stock from $124.00 to $160.00 in a research report on Friday, October 4th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $178.89.

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.