Walker Asset Management LLC Invests $202,000 in Digital Realty Trust, Inc. (NYSE:DLR)

Walker Asset Management LLC acquired a new position in shares of Digital Realty Trust, Inc. (NYSE:DLR) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 1,251 shares of the real estate investment trust’s stock, valued at approximately $202,000.

Other institutional investors have also modified their holdings of the company. Gilman Hill Asset Management LLC increased its holdings in shares of Digital Realty Trust by 1.1% in the 2nd quarter. Gilman Hill Asset Management LLC now owns 6,179 shares of the real estate investment trust’s stock valued at $940,000 after acquiring an additional 65 shares during the period. Telos Capital Management Inc. increased its stake in Digital Realty Trust by 0.8% in the 3rd quarter. Telos Capital Management Inc. now owns 8,569 shares of the real estate investment trust’s stock valued at $1,387,000 after buying an additional 71 shares during the period. Gradient Investments LLC increased its stake 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 valued at $27,000 after buying an additional 76 shares during the period. Pathway Financial Advisers LLC increased its stake in Digital Realty Trust by 0.6% in the 2nd quarter. Pathway Financial Advisers LLC now owns 12,014 shares of the real estate investment trust’s stock valued at $1,820,000 after buying an additional 77 shares during the period. Finally, Garrison Asset Management LLC increased its stake in Digital Realty Trust by 3.6% in the 2nd quarter. Garrison Asset Management LLC now owns 2,277 shares of the real estate investment trust’s stock valued at $346,000 after buying an additional 80 shares during the period. Hedge funds and other institutional investors own 99.71% of the company’s stock.

Digital Realty Trust Trading Down 0.4 %

Shares of DLR stock traded down $0.71 during trading hours on Thursday, hitting $165.09. 416,901 shares of the company were exchanged, compared to its average volume of 1,805,420. The firm has a market cap of $51.58 billion, a PE ratio of 46.06, a PEG ratio of 5.08 and a beta of 0.60. Digital Realty Trust, Inc. has a 1 year low of $116.18 and a 1 year high of $166.60. The company has a quick ratio of 1.78, a current ratio of 1.78 and a debt-to-equity ratio of 0.81. The firm has a fifty day moving average of $156.77 and a 200 day moving average of $150.27.

Digital Realty Trust (NYSE:DLR) last posted its earnings results 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). The business had revenue of $1.36 billion for the quarter, compared to analyst estimates of $1.38 billion. Digital Realty Trust had a return on equity of 5.93% and a net margin of 20.58%. The firm’s revenue for the quarter was down .7% compared to the same quarter last year. During the same period last year, the company posted $1.68 EPS. Analysts expect that Digital Realty Trust, Inc. will post 6.65 earnings per share for the current year.

Digital Realty Trust Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, September 13th were given a dividend of $1.22 per share. This represents a $4.88 dividend on an annualized basis and a yield of 2.96%. The ex-dividend date of this dividend was Friday, September 13th. Digital Realty Trust’s dividend payout ratio (DPR) is presently 135.56%.

Insider Buying and Selling

In related news, Director Jean F. H. P. Mandeville sold 600 shares of the stock in a transaction that occurred 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 sale, the director now owns 9,055 shares of the company’s stock, valued at approximately $1,360,604.30. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.17% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on DLR shares. Barclays upped their price target on shares of Digital Realty Trust from $130.00 to $135.00 and gave the stock an “underweight” rating in a research note on Thursday, October 10th. Argus cut shares of Digital Realty Trust from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Truist Financial upped their price target on shares of 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 started coverage on shares of Digital Realty Trust in a research note on Monday, July 1st. They set a “buy” rating and a $175.00 price target on the stock. Finally, Mizuho began coverage on shares of Digital Realty Trust in a research note on Thursday, July 11th. They set an “outperform” rating and a $170.00 price target on the stock. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $158.33.

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.