Strategic Investment Solutions Inc. IL Acquires New Position in Digital Realty Trust, Inc. (NYSE:DLR)

Strategic Investment Solutions Inc. IL bought a new position in shares of Digital Realty Trust, Inc. (NYSE:DLR) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 318 shares of the real estate investment trust’s stock, valued at approximately $48,000.

Several other large investors have also added to or reduced their stakes in DLR. Meeder Asset Management Inc. bought a new stake in shares of Digital Realty Trust during the 2nd quarter valued at $25,000. Gradient Investments LLC boosted its stake in shares of Digital Realty Trust by 75.2% in the second quarter. Gradient Investments LLC now owns 177 shares of the real estate investment trust’s stock worth $27,000 after acquiring an additional 76 shares during the period. American Capital Advisory LLC purchased a new stake in shares of Digital Realty Trust during the second quarter worth about $27,000. Private Ocean LLC bought a new stake in Digital Realty Trust during the 2nd quarter valued at approximately $27,000. Finally, Rise Advisors LLC lifted 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. Hedge funds and other institutional investors own 99.71% of the company’s stock.

Insider Activity at Digital Realty Trust

In other Digital Realty Trust news, Director Jean F. H. P. Mandeville sold 600 shares of the 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 sale, the director now owns 9,055 shares of the company’s stock, valued at approximately $1,360,604.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.17% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

DLR has been the topic of several recent analyst reports. The Goldman Sachs Group began coverage on shares of Digital Realty Trust in a research report on Monday, July 1st. They set a “buy” rating and a $175.00 price objective on the stock. Stifel Nicolaus boosted their price target on shares of Digital Realty Trust from $165.00 to $175.00 and gave the stock a “buy” rating in a research note on Friday, July 12th. Argus lowered Digital Realty Trust from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Truist Financial increased their price target on Digital Realty Trust from $160.00 to $168.00 and gave the company a “buy” rating in a research note on Tuesday, August 13th. Finally, Mizuho started coverage on Digital Realty Trust in a research note on Thursday, July 11th. They issued an “outperform” rating and a $170.00 price objective on the stock. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $154.28.

Digital Realty Trust Stock Performance

Shares of NYSE:DLR opened at $159.60 on Thursday. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.78 and a current ratio of 1.78. The firm has a market cap of $49.86 billion, a PE ratio of 44.33, a price-to-earnings-growth ratio of 5.14 and a beta of 0.60. The firm’s 50 day simple moving average is $152.95 and its 200-day simple moving average is $148.16. Digital Realty Trust, Inc. has a one year low of $113.94 and a one year high of $165.17.

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 for the quarter, missing the consensus estimate of $1.63 by ($1.43). The firm had revenue of $1.36 billion during the quarter, compared to analysts’ expectations of $1.38 billion. Digital Realty Trust had a return on equity of 5.93% and a net margin of 20.58%. Digital Realty Trust’s quarterly revenue was down .7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.68 earnings per share. As a group, equities analysts predict that Digital Realty Trust, Inc. will post 6.65 EPS for the current year.

Digital Realty Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, September 13th were paid a dividend of $1.22 per share. The ex-dividend date was Friday, September 13th. This represents a $4.88 dividend on an annualized basis and a dividend yield of 3.06%. Digital Realty Trust’s dividend payout ratio is presently 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.