Creative Planning Has $26.82 Million Holdings in Digital Realty Trust, Inc. (NYSE:DLR)

Creative Planning lifted its position in Digital Realty Trust, Inc. (NYSE:DLR) by 0.7% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 165,756 shares of the real estate investment trust’s stock after purchasing an additional 1,130 shares during the quarter. Creative Planning’s holdings in Digital Realty Trust were worth $26,824,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in Digital Realty Trust by 2.0% during the first quarter. Vanguard Group Inc. now owns 48,503,593 shares of the real estate investment trust’s stock valued at $6,986,458,000 after purchasing an additional 951,567 shares in the last quarter. Canada Pension Plan Investment Board boosted its stake in Digital Realty Trust by 3.1% in the 2nd quarter. Canada Pension Plan Investment Board now owns 4,826,432 shares of the real estate investment trust’s stock valued at $733,859,000 after buying an additional 146,183 shares in the last quarter. Legal & General Group Plc grew its position in Digital Realty Trust by 2.8% in the second quarter. Legal & General Group Plc now owns 4,730,168 shares of the real estate investment trust’s stock valued at $719,222,000 after acquiring an additional 129,799 shares during the period. Daiwa Securities Group Inc. grew its position in Digital Realty Trust by 16.8% in the second quarter. Daiwa Securities Group Inc. now owns 4,725,971 shares of the real estate investment trust’s stock valued at $718,584,000 after acquiring an additional 678,165 shares during the period. Finally, Dimensional Fund Advisors LP raised its stake in Digital Realty Trust by 5.3% during the second quarter. Dimensional Fund Advisors LP now owns 4,541,327 shares of the real estate investment trust’s stock worth $690,498,000 after acquiring an additional 228,585 shares in the last quarter. 99.71% of the stock is owned by institutional investors.

Digital Realty Trust Price Performance

DLR opened at $165.38 on Monday. The company has a fifty day moving average price of $155.83 and a two-hundred day moving average price of $149.83. 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 capitalization of $51.67 billion, a PE ratio of 45.94, a P/E/G ratio of 5.08 and a beta of 0.60. Digital Realty Trust, Inc. has a 52 week low of $113.94 and a 52 week high of $165.65.

Digital Realty Trust (NYSE:DLR) last released 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 company had revenue of $1.36 billion during the quarter, compared to analyst estimates 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 quarterly revenue was down .7% compared to the same quarter last year. During the same period in the previous year, the company posted $1.68 EPS. As a group, analysts anticipate that Digital Realty Trust, Inc. will post 6.65 earnings per share for the current year.

Digital Realty Trust Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 13th were issued a $1.22 dividend. The ex-dividend date of this dividend was Friday, September 13th. This represents a $4.88 annualized dividend and a yield of 2.95%. Digital Realty Trust’s dividend payout ratio (DPR) is presently 135.56%.

Insider Activity

In related news, Director Jean F. H. P. Mandeville sold 600 shares of the firm’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 sale, the director now owns 9,055 shares of the company’s stock, valued at approximately $1,360,604.30. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.17% of the stock is owned by company insiders.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on DLR shares. Truist Financial upped their target price on shares of 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 decreased their price objective on shares of Digital Realty Trust from $122.00 to $120.00 and set a “hold” rating on the stock in a research note on Friday, July 26th. Wells Fargo & Company lifted their target price on shares of Digital Realty Trust from $170.00 to $175.00 and gave the company an “overweight” rating in a research note on Thursday. Mizuho assumed coverage on Digital Realty Trust in a report on Thursday, July 11th. They issued an “outperform” rating and a $170.00 target price on the stock. Finally, JPMorgan Chase & Co. raised their price target on Digital Realty Trust from $175.00 to $180.00 and gave the company an “overweight” rating in a report on Tuesday, October 1st. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $157.17.

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.