Thrivent Financial for Lutherans Acquires 1,960 Shares of Digital Realty Trust, Inc. (NYSE:DLR)

Thrivent Financial for Lutherans grew its stake in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 3.1% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 64,320 shares of the real estate investment trust’s stock after buying an additional 1,960 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Digital Realty Trust were worth $10,409,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the company. Meeder Asset Management Inc. purchased a new stake in shares of Digital Realty Trust during the second quarter valued at approximately $25,000. Gradient Investments LLC boosted 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 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 during the 2nd quarter valued at about $27,000. Private Ocean LLC purchased a new stake in shares of Digital Realty Trust during the second quarter valued at approximately $27,000. Finally, Asset Dedication LLC bought a new stake in shares of Digital Realty Trust in the 2nd quarter worth $31,000. Institutional investors own 99.71% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have issued reports on DLR shares. Truist Financial upped their target price on shares of Digital Realty Trust from $168.00 to $202.00 and gave the company a “buy” rating in a research note on Tuesday, November 12th. JPMorgan Chase & Co. raised their target price on shares of Digital Realty Trust from $180.00 to $185.00 and gave the stock an “overweight” rating in a report on Friday, October 25th. TD Cowen increased their price target on Digital Realty Trust from $120.00 to $128.00 and gave the company a “hold” rating in a report on Friday, October 25th. HSBC raised Digital Realty Trust from a “reduce” rating to a “hold” rating and lifted their price objective for the stock from $124.00 to $160.00 in a report on Friday, October 4th. Finally, Hsbc Global Res raised Digital Realty Trust from a “moderate sell” rating to a “hold” rating in a research report on Friday, October 4th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $170.37.

Digital Realty Trust Stock Up 0.8 %

NYSE DLR opened at $187.49 on Friday. 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, Inc. has a 52 week low of $130.00 and a 52 week high of $193.88. The firm has a market capitalization of $62.19 billion, a price-to-earnings ratio of 157.55, a PEG ratio of 4.97 and a beta of 0.59. The company has a fifty day moving average of $168.94 and a two-hundred day moving average of $156.03.

Digital Realty Trust (NYSE:DLR) last issued 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 the consensus estimate of $1.43 billion. Digital Realty Trust had a net margin of 8.04% and a return on equity of 2.24%. The business’s revenue for the quarter was up 2.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.62 earnings per share. On average, analysts predict that Digital Realty Trust, Inc. will post 6.71 earnings per share for the current year.

Digital Realty Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 17th. Shareholders of record on Friday, December 13th will be given a $1.22 dividend. This represents a $4.88 annualized dividend and a yield of 2.60%. The ex-dividend date of this dividend is Friday, December 13th. Digital Realty Trust’s dividend payout ratio (DPR) is presently 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.