Mediolanum International Funds Ltd Buys New Shares in Digital Realty Trust, Inc. $DLR

Mediolanum International Funds Ltd purchased a new position in shares of Digital Realty Trust, Inc. (NYSE:DLR) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 88,506 shares of the real estate investment trust’s stock, valued at approximately $15,166,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in DLR. Vanguard Group Inc. boosted its position in Digital Realty Trust by 1.0% during the 2nd quarter. Vanguard Group Inc. now owns 52,892,557 shares of the real estate investment trust’s stock worth $9,220,759,000 after purchasing an additional 513,697 shares during the period. Geode Capital Management LLC raised its stake in shares of Digital Realty Trust by 2.3% during the second quarter. Geode Capital Management LLC now owns 8,850,818 shares of the real estate investment trust’s stock valued at $1,536,795,000 after purchasing an additional 196,579 shares during the period. Canada Pension Plan Investment Board lifted its position in shares of Digital Realty Trust by 63.0% during the first quarter. Canada Pension Plan Investment Board now owns 7,144,737 shares of the real estate investment trust’s stock worth $1,023,769,000 after purchasing an additional 2,760,286 shares in the last quarter. Northern Trust Corp boosted its stake in shares of Digital Realty Trust by 4.3% in the first quarter. Northern Trust Corp now owns 5,301,199 shares of the real estate investment trust’s stock valued at $759,609,000 after purchasing an additional 220,649 shares during the period. Finally, Dimensional Fund Advisors LP grew its holdings in Digital Realty Trust by 1.2% during the 1st quarter. Dimensional Fund Advisors LP now owns 4,714,045 shares of the real estate investment trust’s stock valued at $675,456,000 after purchasing an additional 57,312 shares in the last quarter. Institutional investors and hedge funds own 99.71% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on DLR shares. Daiwa Capital Markets started coverage on shares of Digital Realty Trust in a research report on Wednesday, October 22nd. They issued a “buy” rating and a $210.00 price objective for the company. Morgan Stanley started coverage on shares of Digital Realty Trust in a research report on Thursday, October 16th. They set an “equal weight” rating and a $195.00 price target on the stock. Weiss Ratings reissued a “hold (c+)” rating on shares of Digital Realty Trust in a report on Wednesday. Cowen reaffirmed a “hold” rating on shares of Digital Realty Trust in a research report on Friday, October 24th. Finally, Loop Capital set a $205.00 price target on shares of Digital Realty Trust in a research report on Monday, October 27th. Two analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $198.14.

Insider Transactions at Digital Realty Trust

In other Digital Realty Trust news, CEO Andrew Power sold 53,269 shares of the firm’s stock in a transaction dated Monday, September 15th. The shares were sold at an average price of $175.16, for a total value of $9,330,598.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.13% of the company’s stock.

Digital Realty Trust Stock Down 0.3%

DLR opened at $157.14 on Friday. Digital Realty Trust, Inc. has a one year low of $129.95 and a one year high of $198.00. The company has a debt-to-equity ratio of 0.80, a quick ratio of 2.22 and a current ratio of 2.02. The company has a market capitalization of $53.98 billion, a PE ratio of 40.60, a P/E/G ratio of 4.13 and a beta of 0.96. The stock’s fifty day moving average is $170.32 and its 200-day moving average is $170.89.

Digital Realty Trust (NYSE:DLR) last announced its quarterly earnings data on Friday, October 31st. The real estate investment trust reported $0.15 earnings per share (EPS) for the quarter. The company had revenue of $1.58 billion for the quarter. Digital Realty Trust had a net margin of 23.67% and a return on equity of 6.41%. On average, equities analysts predict that Digital Realty Trust, Inc. will post 7.07 EPS for the current fiscal year.

Digital Realty Trust Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, January 16th. Investors of record on Monday, December 15th will be paid a $1.22 dividend. The ex-dividend date of this dividend is Monday, December 15th. This represents a $4.88 dividend on an annualized basis and a yield of 3.1%. Digital Realty Trust’s dividend payout ratio (DPR) is currently 126.10%.

Digital Realty Trust Company Profile

Digital Realty Trust, Inc operates as a real estate investment trust, which engages in the provision of data center, colocation and interconnection solutions. It serves the following industries: artificial intelligence (AI), networks, cloud, digital media, mobile, financial services, healthcare, and gaming.