Digital Realty Trust, Inc. (NYSE:DLR) Shares Purchased by Nicola Wealth Management LTD.

Nicola Wealth Management LTD. grew its stake in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 14.0% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 20,752 shares of the real estate investment trust’s stock after purchasing an additional 2,550 shares during the quarter. Nicola Wealth Management LTD.’s holdings in Digital Realty Trust were worth $3,358,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of DLR. Meeder Asset Management Inc. purchased a new stake in Digital Realty Trust in the second quarter valued at approximately $25,000. Gradient Investments LLC boosted its position in Digital Realty Trust by 75.2% in the 2nd quarter. Gradient Investments LLC now owns 177 shares of the real estate investment trust’s stock worth $27,000 after purchasing an additional 76 shares in the last quarter. American Capital Advisory LLC purchased a new stake in Digital Realty Trust in the 2nd quarter worth approximately $27,000. Private Ocean LLC purchased a new stake in Digital Realty Trust in the 2nd quarter worth approximately $27,000. Finally, Asset Dedication LLC purchased a new position in shares of Digital Realty Trust during the 2nd quarter valued at approximately $31,000. Hedge funds and other institutional investors own 99.71% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently commented on DLR shares. Argus downgraded Digital Realty Trust from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Truist Financial raised their price objective on Digital Realty Trust from $168.00 to $202.00 and gave the stock a “buy” rating in a research report on Tuesday. Raymond James raised their price objective on Digital Realty Trust from $170.00 to $190.00 and gave the stock a “strong-buy” rating in a research report on Friday, October 25th. Barclays raised their target price on Digital Realty Trust from $130.00 to $135.00 and gave the company an “underweight” rating in a report on Thursday, October 10th. Finally, JPMorgan Chase & Co. lifted their price objective on Digital Realty Trust from $180.00 to $185.00 and gave the company an “overweight” rating in a research note on Friday, October 25th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $169.47.

Digital Realty Trust Stock Performance

DLR traded down $0.09 during trading on Thursday, hitting $178.04. 307,878 shares of the stock were exchanged, compared to its average volume of 1,851,114. The firm has a market capitalization of $59.06 billion, a P/E ratio of 149.11, a PEG ratio of 4.80 and a beta of 0.59. Digital Realty Trust, Inc. has a 1-year low of $130.00 and a 1-year high of $193.88. The stock has a fifty day moving average price of $165.37 and a two-hundred day moving average price of $154.35. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 0.81.

Digital Realty Trust (NYSE:DLR) last released its quarterly earnings results on Thursday, October 24th. The real estate investment trust reported $0.09 EPS for the quarter, missing the consensus estimate of $1.67 by ($1.58). The firm had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.43 billion. Digital Realty Trust had a return on equity of 2.24% and a net margin of 8.04%. The company’s quarterly revenue was up 2.1% on a year-over-year basis. During the same period last year, the firm earned $1.62 EPS. As a group, sell-side analysts predict that Digital Realty Trust, Inc. will post 6.71 earnings per share for the current year.

Digital Realty Trust Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Stockholders of record on Friday, December 13th will be issued a $1.22 dividend. This represents a $4.88 dividend on an annualized basis and a dividend yield of 2.74%. The ex-dividend date is Friday, December 13th. Digital Realty Trust’s payout ratio is currently 410.08%.

Digital Realty Trust Company Profile

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.