New York Life Investment Management LLC Buys 3,104 Shares of Digital Realty Trust, Inc. $DLR

New York Life Investment Management LLC raised its position in Digital Realty Trust, Inc. (NYSE:DLR) by 6.3% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 52,473 shares of the real estate investment trust’s stock after buying an additional 3,104 shares during the period. New York Life Investment Management LLC’s holdings in Digital Realty Trust were worth $9,211,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of DLR. BlackRock Inc. purchased a new stake in Digital Realty Trust during the 2nd quarter valued at about $7,277,032,000. Bank of America Corp DE grew its position in Digital Realty Trust by 6.0% in the first quarter. Bank of America Corp DE now owns 9,470,695 shares of the real estate investment trust’s stock worth $1,706,714,000 after acquiring an additional 534,158 shares during the period. Canada Pension Plan Investment Board purchased a new position in Digital Realty Trust in the second quarter worth approximately $1,178,095,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Digital Realty Trust by 17,256.9% during the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,890,993 shares of the real estate investment trust’s stock worth $878,325,000 after acquiring an additional 4,862,814 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its position in shares of Digital Realty Trust by 0.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 4,850,416 shares of the real estate investment trust’s stock worth $874,046,000 after purchasing an additional 35,850 shares during the last quarter. Hedge funds and other institutional investors own 99.71% of the company’s stock.

Digital Realty Trust Stock Up 1.4%

DLR opened at $183.66 on Friday. Digital Realty Trust, Inc. has a 52 week low of $146.23 and a 52 week high of $208.14. The business has a 50 day moving average price of $179.87 and a two-hundred day moving average price of $183.77. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 0.70. The company has a market cap of $69.48 billion, a PE ratio of 22.28, a P/E/G ratio of 3.55 and a beta of 0.97.

Digital Realty Trust (NYSE:DLR) last announced its earnings results on Thursday, October 29th. The real estate investment trust reported $0.48 earnings per share for the quarter, missing the consensus estimate of $0.52 by ($0.04). Digital Realty Trust had a net margin of 13.06% and a return on equity of 3.68%. The company had revenue of $1.90 billion during the quarter, compared to analysts’ expectations of $1.75 billion. During the same quarter last year, the business posted $1.89 earnings per share. The company’s revenue for the quarter was up 20.6% compared to the same quarter last year. As a group, research analysts anticipate that Digital Realty Trust, Inc. will post 8.40 EPS for the current year.

Digital Realty Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 15th. Shareholders of record on Tuesday, December 15th will be issued a $1.22 dividend. This represents a $4.88 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date of this dividend is Tuesday, December 15th. Digital Realty Trust’s payout ratio is currently 204.18%.

Insider Buying and Selling at Digital Realty Trust

In related news, Director Mark Patterson sold 200 shares of the company’s stock in a transaction on Thursday, August 27th. The stock was 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 of the company’s stock, valued at $1,226,215.12. This represents a 3.07% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.15% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several research firms recently weighed in on DLR. Cantor Fitzgerald lifted their target price on shares of Digital Realty Trust from $221.00 to $223.00 and gave the company an “overweight” rating in a report on Friday, October 30th. Wall Street Zen raised shares of Digital Realty Trust from a “sell” rating to a “hold” rating in a report on Saturday, July 25th. Royal Bank Of Canada raised their price target 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. Evercore restated an “outperform” rating and set a $240.00 price objective on shares of Digital Realty Trust in a research report on Tuesday, August 18th. Finally, Truist Financial reduced their target price on Digital Realty Trust from $225.00 to $220.00 and set a “buy” rating for the company in a report on Thursday, July 30th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-six have given a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $221.53.

Digital Realty Trust Profile

Digital Realty Trust, Inc. is a real estate investment trust that owns, operates and develops data centers. Its facilities support customers’ IT infrastructure, including the equipment and systems used to store, process and exchange digital information. The company provides data center space and related services, including colocation, interconnection and access to cloud and network providers. Its PlatformDIGITAL offering connects businesses with customers, partners and service providers across its data center portfolio.