Great Lakes Retirement Inc., a well-known institutional investor, has recently purchased 6,502 shares of Digital Realty Trust, Inc. (NYSE:DLR), with a total worth of approximately $660,000 during the fourth quarter of this year. The acquisition is reportedly not an isolated event as Digital Realty Trust has been generating significant interest among investors in recent years, and its reputation for providing exceptional real estate investments services has helped it to become one of the top-performing companies in the industry.
In addition to acquiring new assets, some members of the Board of Directors have also made headlines recently for selling stock options worth millions of dollars. One such individual is Jean F. H. P. Mandeville who sold 1,500 shares on May 15th at an average price of $97.47 per share, for a total transaction amounting to $146,205. After this sale, Mandeville now owns 10,176 stock options valued at just over $991k.
CAO Peter C. Olson also raised eyebrows when he sold 700 shares at a sale price of about $105.67 on June 12th., making approximately $73k from the transaction. In combination with other public disclosures regarding corporate insiders’ transactions related to DLR stocks in recent times reveal that these members are keenly aware of the company’s overall performance and growth opportunities.
Digital Realty Trust is currently listed on the New York Stock Exchange (NYSE) with an opening value of $105.39 as of Friday last week, adding significantly to its market capitalization of around $31 billion underpinned by robust financial health indicators across important metrics such as debt-to-equity ratio (1.05), quick ratio (.062), and current ratio (.062). In summary, though experiencing fluctuations in market valuation and earnings projections given recent events resulting from the global pandemic situation worldwide., Digital Realty Trust remains steadfast in its efforts to deliver quality services to shareholders and clients alike, showing that it is poised for continued growth in the foreseeable future.
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Institutional Investors Make Moves on Digital Realty Trust Amidst Mixed Reviews
[stock_market_widget type=”chart” template=”basic” color=”#3946CE” assets=”DLR” range=”1mo” interval=”1d” axes=”true” cursor=”true” range_selector=”true” api=”yf”]Digital Realty Trust, a leading provider of data center solutions, has been subject to recent activity from institutional investors modifying their holdings in the company. Concord Wealth Partners has purchased a new stake in shares of Digital Realty Trust worth $26,000. In addition, Neo Ivy Capital Management boosted its position by 116.4% during the third quarter and owns 264 shares valued at $26,000. Clear Street Markets LLC also increased its position by 28,900% during Q4 and now holds 290 shares valued at $29,000. Furthermore, Affiance Financial LLC and Godsey & Gibb Inc. recently purchased stakes in the company worth $34,000 and $35,000 respectively. It is worth noting that hedge funds and other institutional investors own approximately 95% of Digital Realty Trust’s stock.
Several research firms have commented on DLR recently with mixed ratings ranging from “sell” to “strong buy.” Directors Jean F.H.P Mandeville and Peter C. Olson also sold thousands of shares of Digital Realty Trust on May 15th and June 12th respectively.
The company reported earnings for Q1 on April 27th showing a revenue of $1.34 billion compared to an estimated $1.41 billion with earnings per share (EPS) coming in lower than expected at just $0.19 compared to the predicted figure of $1.65.Whereas analysts believe that Digital Reality Trust will post an EPS of 6.71 this year.
Despite mixed reviews regarding the stock value and several shareholders reducing their holdings in Digital Realty Trust over recent months,the firm announced quarterly dividends paying out shareholders who held stock as on Thursday June 15th at a rate of $1.22 per share which provides an annualized dividend yield of around 4%.
