Umpqua Bank Makes New Investment in Digital Realty Trust, Inc. (NYSE:DLR)

Umpqua Bank purchased a new stake in shares of Digital Realty Trust, Inc. (NYSE:DLR) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 2,117 shares of the real estate investment trust’s stock, valued at approximately $322,000.

Several other large investors also recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its position in Digital Realty Trust by 2.0% in the first quarter. Vanguard Group Inc. now owns 48,503,593 shares of the real estate investment trust’s stock worth $6,986,458,000 after buying an additional 951,567 shares in the last quarter. Norges Bank bought a new stake in shares of Digital Realty Trust during the fourth quarter valued at approximately $2,141,890,000. Principal Financial Group Inc. lifted its holdings in shares of Digital Realty Trust by 1.7% in the fourth quarter. Principal Financial Group Inc. now owns 5,829,206 shares of the real estate investment trust’s stock worth $784,495,000 after buying an additional 97,509 shares in the last quarter. Canada Pension Plan Investment Board boosted its position in shares of Digital Realty Trust by 4.0% during the first quarter. Canada Pension Plan Investment Board now owns 4,680,249 shares of the real estate investment trust’s stock worth $674,143,000 after acquiring an additional 182,100 shares during the last quarter. Finally, Centersquare Investment Management LLC grew its stake in Digital Realty Trust by 1.3% during the first quarter. Centersquare Investment Management LLC now owns 2,600,217 shares of the real estate investment trust’s stock valued at $360,858,000 after acquiring an additional 34,516 shares in the last quarter. 99.71% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the company. Truist Financial upped their price objective on Digital Realty Trust from $160.00 to $168.00 and gave the stock a “buy” rating in a report on Tuesday, August 13th. Mizuho started coverage on Digital Realty Trust in a research report on Thursday, July 11th. They issued an “outperform” rating and a $170.00 price target for the company. Stifel Nicolaus increased their price objective on shares of Digital Realty Trust from $165.00 to $175.00 and gave the stock a “buy” rating in a research report on Friday, July 12th. Wells Fargo & Company increased their price target on Digital Realty Trust from $155.00 to $170.00 and gave the stock an “overweight” rating in a report on Tuesday, July 23rd. Finally, Royal Bank of Canada upped their price objective on Digital Realty Trust from $144.00 to $160.00 and gave the company an “outperform” rating in a research report on Monday, June 3rd. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $154.00.

Insider Transactions at Digital Realty Trust

In related news, Director Jean F. H. P. Mandeville sold 600 shares of the company’s stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $150.26, for a total transaction of $90,156.00. Following the transaction, the director now directly owns 9,055 shares of the company’s stock, valued at approximately $1,360,604.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.17% of the company’s stock.

Digital Realty Trust Trading Down 1.1 %

DLR opened at $148.22 on Friday. The stock has a fifty day moving average price of $151.36 and a 200-day moving average price of $146.30. Digital Realty Trust, Inc. has a 12 month low of $113.94 and a 12 month high of $162.58. The company has a current ratio of 1.78, a quick ratio of 1.78 and a debt-to-equity ratio of 0.81. The firm has a market cap of $46.31 billion, a price-to-earnings ratio of 41.17, a PEG ratio of 4.84 and a beta of 0.60.

Digital Realty Trust (NYSE:DLR) last released its quarterly earnings results on Thursday, July 25th. The real estate investment trust reported $0.20 earnings per share for the quarter, missing analysts’ consensus estimates of $1.63 by ($1.43). Digital Realty Trust had a net margin of 20.58% and a return on equity of 5.93%. The firm had revenue of $1.36 billion during the quarter, compared to the consensus estimate of $1.38 billion. During the same quarter in the prior year, the business posted $1.68 earnings per share. The firm’s quarterly revenue was down .7% on a year-over-year basis. As a group, equities research analysts anticipate that Digital Realty Trust, Inc. will post 6.65 earnings per share for the current fiscal year.

Digital Realty Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 13th will be issued a dividend of $1.22 per share. The ex-dividend date is Friday, September 13th. This represents a $4.88 annualized dividend and a dividend yield of 3.29%. Digital Realty Trust’s dividend payout ratio is presently 135.56%.

Digital Realty Trust Company 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.