Digital Realty Trust, Inc. (NYSE:DLR) Shares Purchased by Huntington National Bank

Huntington National Bank raised its stake in Digital Realty Trust, Inc. (NYSE:DLR) by 46.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 39,306 shares of the real estate investment trust’s stock after purchasing an additional 12,385 shares during the period. Huntington National Bank’s holdings in Digital Realty Trust were worth $6,361,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Meeder Asset Management Inc. purchased a new position in Digital Realty Trust in the second quarter worth approximately $25,000. Gradient Investments LLC grew its stake in shares of Digital Realty Trust by 75.2% during the second 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 position in Digital Realty Trust in the second quarter valued at $27,000. Private Ocean LLC acquired a new stake in Digital Realty Trust in the second quarter valued at $27,000. Finally, Asset Dedication LLC purchased a new stake in Digital Realty Trust during the 2nd quarter worth about $31,000. 99.71% of the stock is owned by institutional investors and hedge funds.

Digital Realty Trust Trading Up 0.0 %

NYSE:DLR opened at $178.17 on Friday. Digital Realty Trust, Inc. has a 1 year low of $130.00 and a 1 year high of $193.88. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.61 and a current ratio of 1.61. The stock has a fifty day moving average price of $165.37 and a two-hundred day moving average price of $154.35. The stock has a market capitalization of $59.10 billion, a price-to-earnings ratio of 149.72, a PEG ratio of 4.80 and a beta of 0.59.

Digital Realty Trust (NYSE:DLR) last announced its quarterly 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 analysts’ expectations 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% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.62 EPS. As a group, sell-side analysts anticipate that Digital Realty Trust, Inc. will post 6.71 earnings per share for the current fiscal year.

Digital Realty Trust Announces Dividend

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 $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 dividend payout ratio is currently 410.08%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on DLR shares. Truist Financial increased their price objective on Digital Realty Trust from $168.00 to $202.00 and gave the company a “buy” rating in a report on Tuesday. Stifel Nicolaus reissued a “buy” rating and set a $195.00 price objective (up previously from $185.00) on shares of Digital Realty Trust in a report on Friday, October 25th. Argus cut shares of Digital Realty Trust from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. JPMorgan Chase & Co. increased their target price on shares of Digital Realty Trust from $180.00 to $185.00 and gave the company an “overweight” rating in a research report on Friday, October 25th. Finally, Jefferies Financial Group upped their price objective on shares of Digital Realty Trust from $190.00 to $205.00 and gave the company a “buy” rating in a research note on Friday, October 25th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $169.47.

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.