FNY Investment Advisers LLC Takes $35,000 Position in Digital Realty Trust, Inc. (NYSE:DLR)

FNY Investment Advisers LLC acquired a new position in shares of Digital Realty Trust, Inc. (NYSE:DLR) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 200 shares of the real estate investment trust’s stock, valued at approximately $35,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Federated Hermes Inc. increased its stake in Digital Realty Trust by 49.9% in the 2nd quarter. Federated Hermes Inc. now owns 6,931 shares of the real estate investment trust’s stock valued at $1,054,000 after purchasing an additional 2,307 shares in the last quarter. Envestnet Asset Management Inc. raised its stake in shares of Digital Realty Trust by 0.6% during the 2nd quarter. Envestnet Asset Management Inc. now owns 391,051 shares of the real estate investment trust’s stock worth $59,459,000 after buying an additional 2,479 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its position in shares of Digital Realty Trust by 543.6% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 1,447,340 shares of the real estate investment trust’s stock worth $220,068,000 after buying an additional 1,773,591 shares in the last quarter. Renaissance Technologies LLC acquired a new stake in Digital Realty Trust in the 2nd quarter valued at about $9,105,000. Finally, Mutual of America Capital Management LLC increased its holdings in Digital Realty Trust by 2.9% during the 2nd quarter. Mutual of America Capital Management LLC now owns 43,796 shares of the real estate investment trust’s stock valued at $6,659,000 after acquiring an additional 1,217 shares in the last quarter. 99.71% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other 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 transaction of $471,873.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.17% of the stock is currently owned by insiders.

Digital Realty Trust Stock Up 0.5 %

Shares of Digital Realty Trust stock opened at $174.78 on Thursday. The company has a fifty day moving average price of $183.21 and a 200 day moving average price of $166.36. The company has a current ratio of 1.61, a quick ratio of 1.61 and a debt-to-equity ratio of 0.81. Digital Realty Trust, Inc. has a twelve month low of $131.42 and a twelve month high of $198.00. The stock has a market cap of $57.98 billion, a price-to-earnings ratio of 146.87, a price-to-earnings-growth ratio of 4.91 and a beta of 0.64.

Digital Realty Trust (NYSE:DLR) last posted its earnings results on Thursday, October 24th. The real estate investment trust reported $0.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.67 by ($1.58). The company had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.43 billion. Digital Realty Trust had a net margin of 8.04% and a return on equity of 2.24%. Digital Realty Trust’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same quarter last year, the business posted $1.62 EPS. Equities research analysts forecast that Digital Realty Trust, Inc. will post 6.71 earnings per share for the current fiscal year.

Digital Realty Trust Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, January 17th. Investors of record on Friday, December 13th will be issued a dividend of $1.22 per share. This represents a $4.88 dividend on an annualized basis and a yield of 2.79%. The ex-dividend date is Friday, December 13th. Digital Realty Trust’s payout ratio is 410.08%.

Analyst Upgrades and Downgrades

Several research firms have recently commented on DLR. HSBC upgraded shares of Digital Realty Trust from a “reduce” rating to a “hold” rating and increased their price target for the company from $124.00 to $160.00 in a research report on Friday, October 4th. Raymond James raised their price target 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. JPMorgan Chase & Co. upped their price objective on Digital Realty Trust from $180.00 to $185.00 and gave the company an “overweight” rating in a research report on Friday, October 25th. Truist Financial lifted 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, November 12th. Finally, Evercore ISI raised their price target on shares of Digital Realty Trust from $160.00 to $175.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 23rd. Two research analysts have rated the stock with a sell rating, six have issued a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Digital Realty Trust presently has an average rating of “Moderate Buy” and an average price target of $177.32.

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.