Mirae Asset Global Investments Co. Ltd. Makes New $22.17 Million Investment in Digital Realty Trust, Inc. $DLR

Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of Digital Realty Trust, Inc. (NYSE:DLR) during the 3rd quarter, HoldingsChannel reports. The firm acquired 126,282 shares of the real estate investment trust’s stock, valued at approximately $22,166,000.

A number of other large investors have also recently bought and sold shares of the business. Gables Capital Management Inc. acquired a new position in Digital Realty Trust in the second quarter valued at approximately $29,000. Bell Investment Advisors Inc bought a new position in shares of Digital Realty Trust during the second quarter valued at approximately $31,000. First Community Trust NA acquired a new stake in shares of Digital Realty Trust during the 3rd quarter worth approximately $31,000. Ashurst Perkins Coie Trust Co acquired a new stake in shares of Digital Realty Trust during the 3rd quarter worth approximately $31,000. Finally, Solstein Capital LLC bought a new stake in shares of Digital Realty Trust in the 2nd quarter worth approximately $32,000. Institutional investors own 99.71% of the company’s stock.

Digital Realty Trust Stock Performance

Shares of DLR opened at $175.79 on Tuesday. The firm has a 50-day moving average price of $181.15 and a 200 day moving average price of $182.98. The firm has a market capitalization of $65.22 billion, a PE ratio of 22.70, a P/E/G ratio of 3.47 and a beta of 0.99. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.68. Digital Realty Trust, Inc. has a 52-week low of $146.23 and a 52-week high of $208.14.

Digital Realty Trust (NYSE:DLR) last released its earnings results on Thursday, October 29th. The real estate investment trust reported $0.48 EPS for the quarter, missing the consensus estimate of $0.52 by ($0.04). Digital Realty Trust had a net margin of 11.80% and a return on equity of 3.34%. The company had revenue of $1.90 billion for the quarter, compared to analyst estimates of $1.75 billion. During the same period in the previous year, the business posted $1.89 EPS. The firm’s quarterly revenue was up 20.6% on a year-over-year basis. On average, sell-side analysts anticipate that Digital Realty Trust, Inc. will post 8.37 earnings per share for the current fiscal year.

Digital Realty Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th were issued a $1.22 dividend. The ex-dividend date was Tuesday, September 15th. This represents a $4.88 annualized dividend and a dividend yield of 2.8%. Digital Realty Trust’s dividend payout ratio (DPR) is 204.18%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on DLR shares. Wells Fargo & Company boosted their price objective on Digital Realty Trust from $220.00 to $225.00 and gave the company an “overweight” rating in a research report on Friday. Rothschild & Co Redburn initiated coverage on Digital Realty Trust in a research report on Monday, September 21st. They issued a “buy” rating and a $227.00 target price on the stock. Royal Bank Of Canada raised their target price on Digital Realty Trust from $207.00 to $227.00 and gave the company an “outperform” rating in a research note on Monday, July 27th. Truist Financial reduced their price target on shares of Digital Realty Trust from $225.00 to $220.00 and set a “buy” rating for the company in a report on Thursday, July 30th. Finally, Mizuho set a $223.00 price target on shares of Digital Realty Trust in a research report on Monday, August 10th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $221.53.

Insider Activity at Digital Realty Trust

In related news, Director Mark Patterson sold 200 shares of the firm’s stock in a transaction that occurred on Thursday, August 27th. The shares were sold at an average price of $193.96, for a total transaction of $38,792.00. Following the transaction, the director owned 6,322 shares in the company, valued at $1,226,215.12. This trade represents a 3.07% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.15% of the stock is owned by corporate insiders.

Digital Realty Trust Company Profile

Digital Realty Trust, Inc is a real estate investment trust that owns, operates and develops data center facilities for businesses, cloud service providers, information technology companies and telecommunications organizations. The company provides the physical infrastructure needed to support data storage, networking, cloud computing and other digital operations.

Its services include data center colocation, interconnection and private connectivity solutions. Digital Realty also offers access to cloud and network providers through its PlatformDIGITAL platform, which is designed to help customers deploy, connect and manage their digital infrastructure across multiple locations.

Founded in 2001, Digital Realty serves customers through a global portfolio of data centers and related facilities across North America, Europe, Asia-Pacific and Latin America.