Thematics Asset Management Has $26.23 Million Stock Position in Digital Realty Trust, Inc. $DLR

Thematics Asset Management reduced its position in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 10.9% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 150,439 shares of the real estate investment trust’s stock after selling 18,355 shares during the period. Digital Realty Trust comprises about 1.2% of Thematics Asset Management’s investment portfolio, making the stock its 27th biggest position. Thematics Asset Management’s holdings in Digital Realty Trust were worth $26,226,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. Summit Place Financial Advisors LLC raised its stake in shares of Digital Realty Trust by 2.0% in the second quarter. Summit Place Financial Advisors LLC now owns 2,857 shares of the real estate investment trust’s stock valued at $498,000 after acquiring an additional 57 shares during the last quarter. Riverbend Wealth Management LLC grew its position in Digital Realty Trust by 3.0% during the 2nd quarter. Riverbend Wealth Management LLC now owns 2,043 shares of the real estate investment trust’s stock worth $356,000 after acquiring an additional 60 shares during the last quarter. Decatur Capital Management Inc. increased its holdings in Digital Realty Trust by 0.4% during the 1st quarter. Decatur Capital Management Inc. now owns 16,312 shares of the real estate investment trust’s stock valued at $2,337,000 after purchasing an additional 61 shares in the last quarter. EP Wealth Advisors LLC raised its position in Digital Realty Trust by 1.3% in the 1st quarter. EP Wealth Advisors LLC now owns 4,766 shares of the real estate investment trust’s stock valued at $683,000 after purchasing an additional 63 shares during the last quarter. Finally, Telos Capital Management Inc. boosted its stake in Digital Realty Trust by 0.8% in the second quarter. Telos Capital Management Inc. now owns 8,089 shares of the real estate investment trust’s stock worth $1,410,000 after purchasing an additional 64 shares in the last quarter. 99.71% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, Director Mary Hogan Preusse sold 4,166 shares of the business’s stock in a transaction dated Monday, December 1st. The stock was sold at an average price of $157.42, for a total transaction of $655,811.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Andrew Power sold 53,269 shares of the stock in a transaction that occurred on Monday, September 15th. The shares were sold at an average price of $175.16, for a total transaction of $9,330,598.04. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 62,166 shares of company stock valued at $10,814,808. 0.17% of the stock is owned by insiders.

Digital Realty Trust Stock Performance

Digital Realty Trust stock opened at $164.79 on Monday. The company has a market cap of $56.60 billion, a PE ratio of 42.58, a PEG ratio of 4.25 and a beta of 1.11. The company has a current ratio of 2.02, a quick ratio of 2.02 and a debt-to-equity ratio of 0.80. Digital Realty Trust, Inc. has a 1 year low of $129.95 and a 1 year high of $194.22. The company’s 50-day moving average is $167.63 and its two-hundred day moving average is $170.35.

Digital Realty Trust (NYSE:DLR) last posted its quarterly earnings results on Friday, October 31st. The real estate investment trust reported $0.15 earnings per share for the quarter. Digital Realty Trust had a net margin of 23.67% and a return on equity of 6.41%. The business had revenue of $1.58 billion during the quarter. Equities analysts anticipate that Digital Realty Trust, Inc. will post 7.07 earnings per share for the current year.

Digital Realty Trust Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 16th. Stockholders 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 dividend yield of 3.0%. Digital Realty Trust’s dividend payout ratio is 126.10%.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on DLR shares. JPMorgan Chase & Co. raised their target price on Digital Realty Trust from $200.00 to $210.00 and gave the company an “overweight” rating in a research note on Friday, October 24th. Wall Street Zen lowered shares of Digital Realty Trust from a “hold” rating to a “strong sell” rating in a report on Saturday, November 8th. Citigroup raised their price objective on shares of Digital Realty Trust from $200.00 to $212.00 and gave the company a “buy” rating in a research report on Wednesday, October 29th. Barclays upped their target price on shares of Digital Realty Trust from $141.00 to $161.00 and gave the stock an “underweight” rating in a research report on Monday, October 27th. Finally, Truist Financial raised their price target on shares of Digital Realty Trust from $199.00 to $200.00 and gave the company a “buy” rating in a report on Wednesday, November 5th. Two analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Digital Realty Trust presently has an average rating of “Moderate Buy” and an average price target of $198.76.

Digital Realty Trust 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.