Prudential PLC Sells 1,866 Shares of Digital Realty Trust, Inc. $DLR

Prudential PLC decreased its position in Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 2.0% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 92,286 shares of the real estate investment trust's stock after selling 1,866 shares during the quarter. Prudential PLC's holdings in Digital Realty Trust were worth $16,088,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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Several other hedge funds have also modified their holdings of DLR. Main Management ETF Advisors LLC increased its position in Digital Realty Trust by 1.7% in the second quarter. Main Management ETF Advisors LLC now owns 5,131 shares of the real estate investment trust's stock worth $894,000 after purchasing an additional 84 shares during the last quarter. Ensign Peak Advisors Inc lifted its position in Digital Realty Trust by 7.0% during the second quarter. Ensign Peak Advisors Inc now owns 72,505 shares of the real estate investment trust's stock valued at $12,640,000 after purchasing an additional 4,764 shares during the last quarter. Alteri Wealth LLC increased its holdings in shares of Digital Realty Trust by 8.1% in the 2nd quarter. Alteri Wealth LLC now owns 2,973 shares of the real estate investment trust's stock worth $518,000 after buying an additional 224 shares during the last quarter. TD Waterhouse Canada Inc. increased its holdings in shares of Digital Realty Trust by 2.5% in the 2nd quarter. TD Waterhouse Canada Inc. now owns 7,556 shares of the real estate investment trust's stock worth $1,293,000 after buying an additional 183 shares during the last quarter. Finally, Greenland Capital Management LP purchased a new stake in shares of Digital Realty Trust during the 2nd quarter valued at about $7,880,000. 99.71% of the stock is owned by hedge funds and other institutional investors.

Digital Realty Trust Trading Down 0.2%

DLR stock opened at $159.34 on Thursday. The company has a market capitalization of $54.73 billion, a PE ratio of 41.17, a P/E/G ratio of 4.13 and a beta of 0.96. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.02 and a quick ratio of 2.22. Digital Realty Trust, Inc. has a 12 month low of $129.95 and a 12 month high of $198.00. The firm's 50-day moving average is $170.99 and its 200 day moving average is $171.05.

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Digital Realty Trust (NYSE:DLR - Get Free Report) last issued its earnings results on Friday, October 31st. The real estate investment trust reported $0.15 EPS for the quarter. The business had revenue of $1.58 billion for the quarter. Digital Realty Trust had a net margin of 23.67% and a return on equity of 6.41%. On average, research analysts anticipate that Digital Realty Trust, Inc. will post 7.07 EPS for the current year.

Digital Realty Trust Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 16th. Stockholders of record on Monday, December 15th will be given a dividend of $1.22 per share. The ex-dividend date of this dividend is Monday, December 15th. This represents a $4.88 dividend on an annualized basis and a dividend yield of 3.1%. Digital Realty Trust's dividend payout ratio is presently 126.10%.

Insider Activity

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In other news, CEO Andrew Power sold 53,269 shares of the firm's stock in a transaction on Monday, September 15th. The stock was sold at an average price of $175.16, for a total transaction of $9,330,598.04. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 0.17% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on DLR shares. Moffett Nathanson boosted their price objective on Digital Realty Trust from $163.00 to $166.00 and gave the stock a "neutral" rating in a research note on Monday, October 6th. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Digital Realty Trust in a research note on Thursday, November 13th. Morgan Stanley began coverage on shares of Digital Realty Trust in a research report on Thursday, October 16th. They set an "equal weight" rating and a $195.00 price objective on the stock. Raymond James Financial raised their target price on shares of Digital Realty Trust from $190.00 to $205.00 and gave the stock a "strong-buy" rating in a report on Friday, July 25th. Finally, Truist Financial lifted their price target on shares of Digital Realty Trust from $199.00 to $200.00 and gave the stock a "buy" rating in a research note on Wednesday, November 5th. Two research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $198.14.

Get Our Latest Stock Report on Digital Realty Trust

About Digital Realty Trust

Digital Realty Trust, Inc operates as a real estate investment trust, which engages in the provision of data center, colocation and interconnection solutions. It serves the following industries: artificial intelligence (AI), networks, cloud, digital media, mobile, financial services, healthcare, and gaming.

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