Nordea Investment Management AB Purchases 1,519 Shares of Digital Realty Trust, Inc. (NYSE:DLR)

Nordea Investment Management AB boosted its holdings in Digital Realty Trust, Inc. (NYSE:DLR) by 6.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 26,439 shares of the real estate investment trust’s stock after purchasing an additional 1,519 shares during the quarter. Nordea Investment Management AB’s holdings in Digital Realty Trust were worth $4,693,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Meeder Asset Management Inc. purchased a new position in shares of Digital Realty Trust during the second quarter valued at approximately $25,000. Adirondack Trust Co. boosted its holdings in Digital Realty Trust by 68.6% during the 3rd 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 during the last quarter. Versant Capital Management Inc grew its stake in shares of Digital Realty Trust by 480.6% in the 4th quarter. Versant Capital Management Inc now owns 209 shares of the real estate investment trust’s stock worth $37,000 after acquiring an additional 173 shares in the last quarter. Future Financial Wealth Managment LLC purchased a new stake in shares of Digital Realty Trust in the third quarter valued at about $38,000. Finally, Dunhill Financial LLC lifted its position in shares of Digital Realty Trust by 84.4% during the third quarter. Dunhill Financial LLC now owns 271 shares of the real estate investment trust’s stock valued at $44,000 after purchasing an additional 124 shares in the last quarter. Institutional investors own 99.71% of the company’s stock.

Digital Realty Trust Trading Down 4.4 %

Shares of DLR stock opened at $172.86 on Friday. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.61 and a quick ratio of 1.61. The business has a 50-day moving average of $183.46 and a 200 day moving average of $165.77. The stock has a market capitalization of $57.34 billion, a PE ratio of 145.26, a P/E/G ratio of 4.97 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 for the quarter, missing the consensus estimate of $1.67 by ($1.58). The firm had revenue of $1.43 billion for the quarter, compared to analysts’ expectations of $1.43 billion. Digital Realty Trust had a net margin of 8.04% and a return on equity of 2.24%. The company’s quarterly revenue was up 2.1% on a year-over-year basis. During the same period in the previous year, the company earned $1.62 EPS. As a group, sell-side analysts anticipate that Digital Realty Trust, Inc. will post 6.71 earnings per share for the current year.

Digital Realty Trust Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, January 17th. Investors of record on Friday, December 13th will be paid a $1.22 dividend. This represents a $4.88 dividend on an annualized basis and a yield of 2.82%. The ex-dividend date is Friday, December 13th. Digital Realty Trust’s payout ratio is currently 410.08%.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. Stifel Nicolaus upped their price objective on Digital Realty Trust from $195.00 to $205.00 and gave the company a “buy” rating in a research note on Thursday, November 21st. Scotiabank raised their price objective on shares of Digital Realty Trust from $157.00 to $178.00 and gave the stock a “sector perform” rating in a report on Friday, October 25th. JPMorgan Chase & Co. boosted their target price on shares of Digital Realty Trust from $180.00 to $185.00 and gave the company an “overweight” rating in a research note on Friday, October 25th. HSBC upgraded shares of Digital Realty Trust from a “reduce” rating to a “hold” rating and raised their price target for the stock from $124.00 to $160.00 in a research note on Friday, October 4th. Finally, Truist Financial upped their price objective on Digital Realty Trust from $168.00 to $202.00 and gave the company a “buy” rating in a research note on Tuesday, November 12th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Digital Realty Trust has a consensus rating of “Moderate Buy” and an average price target of $174.74.

Insiders Place Their Bets

In related news, CFO Matt Mercier sold 2,518 shares of the stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $187.40, for a total value of $471,873.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.17% of the stock is currently owned by company insiders.

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.