Profund Advisors LLC Has $785,000 Stock Position in Digital Realty Trust, Inc. (NYSE:DLR)

Profund Advisors LLC raised its holdings in Digital Realty Trust, Inc. (NYSE:DLR) by 10.1% during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 5,160 shares of the real estate investment trust’s stock after purchasing an additional 473 shares during the quarter. Profund Advisors LLC’s holdings in Digital Realty Trust were worth $785,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Meeder Asset Management Inc. acquired a new stake in Digital Realty Trust in the second quarter valued at about $25,000. Gradient Investments LLC boosted its stake in shares of Digital Realty Trust by 75.2% in the 2nd quarter. Gradient Investments LLC now owns 177 shares of the real estate investment trust’s stock valued at $27,000 after purchasing an additional 76 shares in the last quarter. American Capital Advisory LLC acquired a new stake in shares of Digital Realty Trust in the 2nd quarter valued at approximately $27,000. Private Ocean LLC bought a new stake in Digital Realty Trust during the 2nd quarter worth $27,000. Finally, Rise Advisors LLC increased its holdings in Digital Realty Trust by 1,125.0% in the 1st quarter. Rise Advisors LLC now owns 196 shares of the real estate investment trust’s stock worth $28,000 after purchasing an additional 180 shares in the last quarter. Institutional investors own 99.71% of the company’s stock.

Insider Transactions at Digital Realty Trust

In related news, Director Jean F. H. P. Mandeville sold 600 shares of the company’s stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $150.26, for a total transaction of $90,156.00. Following the completion of the sale, the director now owns 9,055 shares in the company, valued at $1,360,604.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.17% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on DLR. Truist Financial boosted their price target on Digital Realty Trust from $160.00 to $168.00 and gave the stock a “buy” rating in a report on Tuesday, August 13th. TD Cowen dropped their price target on shares of Digital Realty Trust from $122.00 to $120.00 and set a “hold” rating for the company in a research note on Friday, July 26th. BMO Capital Markets upgraded shares of Digital Realty Trust from a “market perform” rating to an “outperform” rating and lifted their price target for the stock from $144.00 to $170.00 in a report on Wednesday, June 26th. JPMorgan Chase & Co. upgraded Digital Realty Trust from a “neutral” rating to an “overweight” rating and increased their price objective for the company from $150.00 to $175.00 in a report on Friday, June 28th. Finally, The Goldman Sachs Group assumed coverage on Digital Realty Trust in a report on Monday, July 1st. They set a “buy” rating and a $175.00 target price on the stock. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $154.00.

Digital Realty Trust Stock Up 0.7 %

DLR stock opened at $162.13 on Wednesday. The stock’s 50 day simple moving average is $152.17 and its 200 day simple moving average is $147.46. The company has a market cap of $50.65 billion, a P/E ratio of 45.04, a price-to-earnings-growth ratio of 5.06 and a beta of 0.60. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.78 and a current ratio of 1.78. Digital Realty Trust, Inc. has a fifty-two week low of $113.94 and a fifty-two week high of $163.31.

Digital Realty Trust (NYSE:DLR) last issued its earnings results on Thursday, July 25th. The real estate investment trust reported $0.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.63 by ($1.43). Digital Realty Trust had a return on equity of 5.93% and a net margin of 20.58%. The firm had revenue of $1.36 billion during the quarter, compared to the consensus estimate of $1.38 billion. During the same quarter in the prior year, the business earned $1.68 earnings per share. Digital Realty Trust’s revenue for the quarter was down .7% on a year-over-year basis. On average, research analysts expect that Digital Realty Trust, Inc. will post 6.65 earnings per share for the current fiscal year.

Digital Realty Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 13th will be issued a dividend of $1.22 per share. This represents a $4.88 dividend on an annualized basis and a yield of 3.01%. The ex-dividend date is Friday, September 13th. Digital Realty Trust’s dividend payout ratio is currently 135.56%.

Digital Realty Trust Profile

Digital Realty brings companies and data together by delivering the full spectrum of data center, colocation, and interconnection solutions. PlatformDIGITAL, the company's global data center platform, provides customers with a secure data meeting place and a proven Pervasive Datacenter Architecture (PDx) solution methodology for powering innovation and efficiently managing Data Gravity challenges.