Signet Investment Advisory Group Inc. Purchases 556 Shares of Digital Realty Trust, Inc. (NYSE:DLR)

Signet Investment Advisory Group Inc. grew its position in Digital Realty Trust, Inc. (NYSE:DLR) by 2.7% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 20,844 shares of the real estate investment trust’s stock after purchasing an additional 556 shares during the period. Digital Realty Trust makes up approximately 1.7% of Signet Investment Advisory Group Inc.’s investment portfolio, making the stock its 24th largest holding. Signet Investment Advisory Group Inc.’s holdings in Digital Realty Trust were worth $3,373,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of DLR. Future Financial Wealth Managment LLC bought a new stake in Digital Realty Trust in the 1st quarter valued at approximately $34,000. Independence Bank of Kentucky raised its holdings in shares of Digital Realty Trust by 633.3% in the first quarter. Independence Bank of Kentucky now owns 1,100 shares of the real estate investment trust’s stock valued at $158,000 after purchasing an additional 950 shares during the last quarter. Hennion & Walsh Asset Management Inc. lifted its position in shares of Digital Realty Trust by 36.0% in the first quarter. Hennion & Walsh Asset Management Inc. now owns 2,448 shares of the real estate investment trust’s stock worth $353,000 after purchasing an additional 648 shares in the last quarter. Aviance Capital Partners LLC acquired a new position in Digital Realty Trust during the first quarter worth $242,000. Finally, Little House Capital LLC bought a new position in Digital Realty Trust in the first quarter valued at $2,436,000. 99.71% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

DLR has been the topic of several analyst reports. Scotiabank boosted their price target on shares of Digital Realty Trust from $157.00 to $178.00 and gave the stock a “sector perform” rating in a research report on Friday. Wells Fargo & Company boosted their price objective on shares of Digital Realty Trust from $175.00 to $185.00 and gave the company an “overweight” rating in a research report on Friday. Truist Financial upped their target price on Digital Realty Trust from $160.00 to $168.00 and gave the stock a “buy” rating in a research note on Tuesday, August 13th. The Goldman Sachs Group initiated coverage on Digital Realty Trust in a research note on Monday, July 1st. They issued a “buy” rating and a $175.00 price target on the stock. Finally, Mizuho initiated coverage on Digital Realty Trust in a research report on Thursday, July 11th. They set an “outperform” rating and a $170.00 price objective for the company. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $165.21.

Digital Realty Trust Stock Up 9.6 %

Shares of NYSE:DLR opened at $181.01 on Friday. The firm has a market cap of $56.55 billion, a P/E ratio of 50.28, a P/E/G ratio of 5.08 and a beta of 0.60. Digital Realty Trust, Inc. has a 12-month low of $116.73 and a 12-month high of $193.88. The business has a fifty day simple moving average of $157.08 and a 200 day simple moving average of $150.38. The company has a quick ratio of 1.78, a current ratio of 1.78 and a debt-to-equity ratio of 0.81.

Digital Realty Trust (NYSE:DLR) last issued its quarterly earnings data on Thursday, July 25th. The real estate investment trust reported $0.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.63 by ($1.43). Digital Realty Trust had a return on equity of 5.93% and a net margin of 20.58%. The company had revenue of $1.36 billion for the quarter, compared to the consensus estimate of $1.38 billion. During the same quarter last year, the business earned $1.68 earnings per share. Digital Realty Trust’s revenue was down .7% compared to the same quarter last year. Analysts predict that Digital Realty Trust, Inc. will post 6.65 earnings per share for the current year.

Digital Realty Trust Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 13th were issued a dividend of $1.22 per share. The ex-dividend date was Friday, September 13th. This represents a $4.88 annualized dividend and a yield of 2.70%. Digital Realty Trust’s payout ratio is 135.56%.

Insider Activity

In related news, Director Jean F. H. P. Mandeville sold 600 shares of Digital Realty Trust stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $150.26, for a total transaction of $90,156.00. Following the completion of the transaction, the director now owns 9,055 shares of the company’s stock, valued at $1,360,604.30. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.17% of the company’s stock.

About Digital Realty Trust

Digital Realty brings companies and data together by delivering the full spectrum of data center, colocation, and interconnection solutions. PlatformDIGITAL, the company's global data center platform, provides customers with a secure data meeting place and a proven Pervasive Datacenter Architecture (PDx) solution methodology for powering innovation and efficiently managing Data Gravity challenges.