Versant Capital Management Inc Has $37,000 Stake in Digital Realty Trust, Inc. (NYSE:DLR)

Versant Capital Management Inc raised its stake in Digital Realty Trust, Inc. (NYSE:DLR) by 480.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 209 shares of the real estate investment trust’s stock after purchasing an additional 173 shares during the quarter. Versant Capital Management Inc’s holdings in Digital Realty Trust were worth $37,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of DLR. B. Riley Wealth Advisors Inc. lifted its stake in Digital Realty Trust by 13.7% during the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 3,518 shares of the real estate investment trust’s stock valued at $559,000 after acquiring an additional 424 shares in the last quarter. FFG Partners LLC bought a new position in shares of Digital Realty Trust during the third quarter valued at about $10,446,000. Retirement Systems of Alabama boosted its holdings in Digital Realty Trust by 2.6% during the third quarter. Retirement Systems of Alabama now owns 253,906 shares of the real estate investment trust’s stock worth $41,090,000 after purchasing an additional 6,360 shares during the last quarter. Synovus Financial Corp grew its position in Digital Realty Trust by 6.9% in the 3rd quarter. Synovus Financial Corp now owns 6,530 shares of the real estate investment trust’s stock worth $1,057,000 after purchasing an additional 421 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB purchased a new stake in Digital Realty Trust in the 3rd quarter valued at about $657,000. Institutional investors own 99.71% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Raymond James upped their target price on Digital Realty Trust from $170.00 to $190.00 and gave the company a “strong-buy” rating in a report on Friday, October 25th. Wells Fargo & Company upped their price objective on Digital Realty Trust from $185.00 to $210.00 and gave the company an “overweight” rating in a research note on Tuesday, December 10th. Jefferies Financial Group lifted their target price on Digital Realty Trust from $190.00 to $205.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. Hsbc Global Res upgraded shares of Digital Realty Trust from a “moderate sell” rating to a “hold” rating in a research report on Friday, October 4th. Finally, Truist Financial lifted their price objective on shares of Digital Realty Trust from $168.00 to $202.00 and gave the stock a “buy” rating in a research report on Tuesday, November 12th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Digital Realty Trust has an average rating of “Moderate Buy” and an average price target of $171.68.

Digital Realty Trust Price Performance

Shares of NYSE DLR opened at $179.38 on Tuesday. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.61 and a current ratio of 1.61. Digital Realty Trust, Inc. has a fifty-two week low of $130.28 and a fifty-two week high of $198.00. The stock has a market cap of $59.50 billion, a PE ratio of 150.74, a price-to-earnings-growth ratio of 4.97 and a beta of 0.64. The stock has a fifty day moving average of $183.56 and a 200-day moving average of $165.16.

Digital Realty Trust (NYSE:DLR) last issued its 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). Digital Realty Trust had a return on equity of 2.24% and a net margin of 8.04%. The company had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.43 billion. During the same quarter in the prior year, the business earned $1.62 EPS. The firm’s revenue for the quarter was up 2.1% compared to the same quarter last year. Equities research analysts anticipate that Digital Realty Trust, Inc. will post 6.71 earnings per share for the current year.

Digital Realty Trust Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Shareholders of record on Friday, December 13th will be paid a $1.22 dividend. This represents a $4.88 annualized dividend and a yield of 2.72%. The ex-dividend date is Friday, December 13th. Digital Realty Trust’s dividend payout ratio is presently 410.08%.

Insider Buying and Selling at Digital Realty Trust

In other Digital Realty Trust news, CFO Matt Mercier sold 2,518 shares of the firm’s stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $187.40, for a total value of $471,873.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.17% of the company’s stock.

Digital Realty Trust 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.