Tred Avon Family Wealth LLC Makes New Investment in Digital Realty Trust, Inc. $DLR

Tred Avon Family Wealth LLC purchased a new stake in shares of Digital Realty Trust, Inc. (NYSE:DLR) in the 3rd quarter, HoldingsChannel reports. The institutional investor purchased 5,781 shares of the real estate investment trust’s stock, valued at approximately $999,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Pinnacle Bancorp Inc. acquired a new stake in Digital Realty Trust in the third quarter valued at approximately $25,000. South Plains Financial Inc. raised its holdings in shares of Digital Realty Trust by 280.5% during the 2nd quarter. South Plains Financial Inc. now owns 156 shares of the real estate investment trust’s stock valued at $27,000 after purchasing an additional 115 shares in the last quarter. Salomon & Ludwin LLC acquired a new stake in shares of Digital Realty Trust in the 3rd quarter valued at $28,000. Tobam bought a new stake in Digital Realty Trust in the second quarter worth $28,000. Finally, First Horizon Corp acquired a new position in Digital Realty Trust during the third quarter worth $31,000. Institutional investors own 99.71% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on DLR. Loop Capital set a $205.00 price target on Digital Realty Trust in a research report on Monday, October 27th. Deutsche Bank Aktiengesellschaft started coverage on Digital Realty Trust in a research report on Monday, January 5th. They set a “buy” rating and a $180.00 target price for the company. JPMorgan Chase & Co. boosted their price objective on shares of Digital Realty Trust from $200.00 to $210.00 and gave the stock an “overweight” rating in a research note on Friday, October 24th. Scotiabank lowered their target price on shares of Digital Realty Trust from $206.00 to $189.00 and set a “sector outperform” rating on the stock in a research note on Wednesday. Finally, Stifel Nicolaus set a $210.00 target price on shares of Digital Realty Trust in a research report on Friday, October 24th. Three analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $193.22.

Insider Activity at Digital Realty Trust

In related news, Director Mary Hogan Preusse sold 4,166 shares of the company’s stock in a transaction on Monday, December 1st. The stock was sold at an average price of $157.42, for a total value of $655,811.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.13% of the company’s stock.

Digital Realty Trust Price Performance

NYSE:DLR opened at $163.66 on Friday. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.02 and a quick ratio of 2.02. Digital Realty Trust, Inc. has a one year low of $129.95 and a one year high of $187.74. The company has a fifty day moving average price of $157.56 and a 200 day moving average price of $166.61. The stock has a market cap of $56.22 billion, a P/E ratio of 42.29, a PEG ratio of 3.83 and a beta of 1.11.

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

Digital Realty Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 16th. Stockholders of record on Monday, December 15th were issued a dividend of $1.22 per share. This represents a $4.88 annualized dividend and a dividend yield of 3.0%. The ex-dividend date of this dividend was Monday, December 15th. Digital Realty Trust’s dividend payout ratio (DPR) is presently 126.10%.

About Digital Realty Trust

Digital Realty Trust, Inc (NYSE: DLR) is a real estate investment trust that owns, acquires and operates carrier-neutral data centers and provides related colocation and interconnection solutions. The company focuses on large-scale, mission-critical facilities that support the physical infrastructure needs of cloud providers, enterprises, network operators and content companies. Digital Realty’s offerings are designed to enable secure, reliable and highly available IT infrastructure with an emphasis on power density, cooling, and physical security.

Digital Realty’s product set spans wholesale data center space, turnkey build-to-suit facilities, and retail colocation suites, complemented by interconnection services that allow customers to establish private and public connections to networks, cloud on-ramps and other ecosystem partners.