Digital Realty Trust, Inc. (NYSE:DLR) Shares Purchased by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans grew its stake in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 0.5% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 62,360 shares of the real estate investment trust’s stock after acquiring an additional 324 shares during the period. Thrivent Financial for Lutherans’ holdings in Digital Realty Trust were worth $9,482,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Meeder Asset Management Inc. purchased a new position in Digital Realty Trust in the 2nd quarter valued at about $25,000. Gradient Investments LLC lifted its stake in shares of Digital Realty Trust by 75.2% during the second quarter. Gradient Investments LLC now owns 177 shares of the real estate investment trust’s stock valued at $27,000 after buying an additional 76 shares during the period. American Capital Advisory LLC acquired a new stake in Digital Realty Trust during the second quarter worth approximately $27,000. Private Ocean LLC purchased a new stake in Digital Realty Trust in the 2nd quarter worth approximately $27,000. Finally, Rise Advisors LLC raised 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 valued at $28,000 after acquiring an additional 180 shares during the last quarter. Hedge funds and other institutional investors own 99.71% of the company’s stock.

Insider Buying and Selling

In other Digital Realty Trust news, Director Jean F. H. P. Mandeville sold 600 shares of the firm’s stock in a transaction that occurred 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 approximately $1,360,604.30. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 0.17% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the company. Royal Bank of Canada raised their price objective on Digital Realty Trust from $144.00 to $160.00 and gave the stock an “outperform” rating in a report on Monday, June 3rd. JPMorgan Chase & Co. raised shares of Digital Realty Trust from a “neutral” rating to an “overweight” rating and raised their target price for the stock from $150.00 to $175.00 in a research report on Friday, June 28th. Truist Financial upped their price target on shares of Digital Realty Trust from $160.00 to $168.00 and gave the stock a “buy” rating in a research report on Tuesday, August 13th. TD Cowen decreased their price target on shares of Digital Realty Trust from $122.00 to $120.00 and set a “hold” rating on the stock in a report on Friday, July 26th. Finally, Stifel Nicolaus upped their price objective on Digital Realty Trust from $165.00 to $175.00 and gave the stock a “buy” rating in a report on Friday, July 12th. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $154.00.

Digital Realty Trust Stock Performance

Shares of NYSE:DLR opened at $162.90 on Thursday. The company has a market cap of $53.34 billion, a P/E ratio of 45.25, a PEG ratio of 5.14 and a beta of 0.60. Digital Realty Trust, Inc. has a one year low of $113.94 and a one year high of $165.17. The business’s 50-day simple moving average is $152.17 and its 200 day simple moving average is $147.46. 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 (NYSE:DLR) last posted its quarterly earnings data 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). The firm had revenue of $1.36 billion for the quarter, compared to analysts’ expectations of $1.38 billion. Digital Realty Trust had a net margin of 20.58% and a return on equity of 5.93%. The company’s revenue for the quarter was down .7% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.68 EPS. On average, sell-side analysts forecast that Digital Realty Trust, Inc. will post 6.65 earnings per share for the current fiscal year.

Digital Realty Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 13th will be given a dividend of $1.22 per share. This represents a $4.88 dividend on an annualized basis and a dividend yield of 3.00%. The ex-dividend date is Friday, September 13th. Digital Realty Trust’s payout ratio is 135.56%.

About Digital Realty Trust

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.