Paralel Advisors LLC Acquires 10,500 Shares of Digital Realty Trust, Inc. $DLR

Paralel Advisors LLC increased its holdings in Digital Realty Trust, Inc. (NYSE:DLR) by 63.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 27,000 shares of the real estate investment trust’s stock after acquiring an additional 10,500 shares during the period. Digital Realty Trust comprises 0.2% of Paralel Advisors LLC’s investment portfolio, making the stock its 26th biggest holding. Paralel Advisors LLC’s holdings in Digital Realty Trust were worth $4,668,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in DLR. Pinnacle Bancorp Inc. purchased a new position in Digital Realty Trust during the 3rd quarter worth $25,000. South Plains Financial Inc. lifted its position in shares of Digital Realty Trust by 280.5% during the second quarter. South Plains Financial Inc. now owns 156 shares of the real estate investment trust’s stock valued at $27,000 after purchasing an additional 115 shares in the last quarter. Salomon & Ludwin LLC purchased a new position in Digital Realty Trust during the third quarter worth about $28,000. Tobam bought a new stake in Digital Realty Trust in the 2nd quarter worth about $28,000. Finally, First Horizon Corp purchased a new stake in Digital Realty Trust in the 3rd quarter valued at about $31,000. Institutional investors and hedge funds own 99.71% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on DLR shares. Wall Street Zen downgraded Digital Realty Trust from a “hold” rating to a “strong sell” rating in a research note on Saturday, November 8th. Weiss Ratings cut Digital Realty Trust from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, January 23rd. Mizuho reduced their price objective on Digital Realty Trust from $191.00 to $180.00 and set an “outperform” rating for the company in a research note on Monday, January 12th. Barclays upgraded Digital Realty Trust from an “underweight” rating to an “equal weight” rating and lifted their target price for the stock from $161.00 to $164.00 in a research note on Tuesday, January 13th. Finally, Jefferies Financial Group cut their price target on shares of Digital Realty Trust from $206.00 to $184.00 and set a “buy” rating on the stock in a report on Tuesday, December 16th. Two analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and nine have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Digital Realty Trust has a consensus rating of “Moderate Buy” and an average price target of $193.22.

Digital Realty Trust Price Performance

Shares of NYSE:DLR opened at $165.92 on Friday. The firm has a market capitalization of $56.99 billion, a PE ratio of 42.87, a P/E/G ratio of 3.91 and a beta of 1.11. The company has a quick ratio of 2.02, a current ratio of 2.02 and a debt-to-equity ratio of 0.80. The company has a 50-day moving average price of $157.81 and a two-hundred day moving average price of $166.02. Digital Realty Trust, Inc. has a twelve month low of $129.95 and a twelve month high of $182.48.

Digital Realty Trust (NYSE:DLR) last posted its quarterly earnings results on Friday, October 31st. The real estate investment trust reported $0.15 earnings per share (EPS) for the quarter. The company 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%. Equities analysts forecast that Digital Realty Trust, Inc. will post 7.07 EPS for the current year.

Digital Realty Trust Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 16th. Shareholders of record on Monday, December 15th were given a dividend of $1.22 per share. The ex-dividend date was Monday, December 15th. This represents a $4.88 annualized dividend and a dividend yield of 2.9%. Digital Realty Trust’s dividend payout ratio is currently 126.10%.

Insider Buying and Selling at Digital Realty Trust

In other Digital Realty Trust news, Director Mary Hogan Preusse sold 4,166 shares of the firm’s stock in a transaction dated Monday, December 1st. The stock was sold at an average price of $157.42, for a total value of $655,811.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.13% of the company’s stock.

About Digital Realty Trust

Digital Realty Trust, Inc (NYSE: DLR) is a real estate investment trust that owns, acquires and operates carrier-neutral data centers and provides related colocation and interconnection solutions. The company focuses on large-scale, mission-critical facilities that support the physical infrastructure needs of cloud providers, enterprises, network operators and content companies. Digital Realty’s offerings are designed to enable secure, reliable and highly available IT infrastructure with an emphasis on power density, cooling, and physical security.

Digital Realty’s product set spans wholesale data center space, turnkey build-to-suit facilities, and retail colocation suites, complemented by interconnection services that allow customers to establish private and public connections to networks, cloud on-ramps and other ecosystem partners.