Ethic Inc. Has $6.43 Million Stock Holdings in Digital Realty Trust, Inc. $DLR

Ethic Inc. raised its holdings in Digital Realty Trust, Inc. (NYSE:DLR) by 8.7% during the second quarter, HoldingsChannel reports. The firm owned 37,510 shares of the real estate investment trust’s stock after acquiring an additional 2,990 shares during the quarter. Ethic Inc.’s holdings in Digital Realty Trust were worth $6,428,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of DLR. Greykasell Wealth Strategies Inc. acquired a new stake in shares of Digital Realty Trust in the 1st quarter valued at $26,000. WPG Advisers LLC bought a new stake in shares of Digital Realty Trust during the first quarter worth $30,000. 1 North Wealth Services LLC bought a new stake in shares of Digital Realty Trust during the first quarter worth $31,000. Key Financial Inc grew its stake in shares of Digital Realty Trust by 114.0% during the first quarter. Key Financial Inc now owns 259 shares of the real estate investment trust’s stock worth $37,000 after buying an additional 138 shares during the last quarter. Finally, GKV Capital Management Co. Inc. bought a new stake in shares of Digital Realty Trust during the first quarter worth $38,000. Institutional investors and hedge funds own 99.71% of the company’s stock.

Digital Realty Trust Stock Performance

Shares of Digital Realty Trust stock opened at $172.57 on Thursday. The company has a quick ratio of 2.22, a current ratio of 2.22 and a debt-to-equity ratio of 0.82. Digital Realty Trust, Inc. has a twelve month low of $129.95 and a twelve month high of $198.00. The stock has a market cap of $58.85 billion, a price-to-earnings ratio of 45.29, a P/E/G ratio of 4.83 and a beta of 0.96. The company’s fifty day moving average is $170.23 and its 200 day moving average is $168.29.

Digital Realty Trust (NYSE:DLR) last issued its quarterly earnings results on Thursday, July 24th. The real estate investment trust reported $1.87 EPS for the quarter, beating analysts’ consensus estimates of $1.74 by $0.13. The business had revenue of $1.49 billion for the quarter, compared to analysts’ expectations of $1.44 billion. Digital Realty Trust had a net margin of 23.98% and a return on equity of 6.46%. The business’s quarterly revenue was up 10.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.65 earnings per share. Sell-side analysts forecast that Digital Realty Trust, Inc. will post 7.07 EPS for the current year.

Digital Realty Trust Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th were given a dividend of $1.22 per share. The ex-dividend date of this dividend was Monday, September 15th. This represents a $4.88 dividend on an annualized basis and a yield of 2.8%. Digital Realty Trust’s dividend payout ratio is 128.08%.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on DLR shares. Daiwa Capital Markets started coverage on shares of Digital Realty Trust in a research note on Wednesday. They set a “buy” rating and a $210.00 target price on the stock. Stifel Nicolaus boosted their target price on shares of Digital Realty Trust from $190.00 to $205.00 and gave the stock a “buy” rating in a research note on Friday, July 25th. Morgan Stanley started coverage on shares of Digital Realty Trust in a research note on Thursday, October 16th. They set an “equal weight” rating and a $195.00 target price on the stock. Moffett Nathanson boosted their target price on shares of Digital Realty Trust from $163.00 to $166.00 and gave the stock a “neutral” rating in a research note on Monday, October 6th. Finally, Truist Financial set a $199.00 target price on shares of Digital Realty Trust and gave the stock a “buy” rating in a research note on Wednesday, July 30th. Two equities research analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $193.05.

Insider Buying and Selling

In other Digital Realty Trust news, CEO Andrew Power sold 53,269 shares of the company’s stock in a transaction 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 sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 0.13% of the company’s stock.

About Digital Realty Trust

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.