Cherry Creek Investment Advisors Inc. Has $2.99 Million Position in Digital Realty Trust, Inc. (NYSE:DLR)

Cherry Creek Investment Advisors Inc. lifted its position in Digital Realty Trust, Inc. (NYSE:DLR) by 0.7% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 18,468 shares of the real estate investment trust’s stock after buying an additional 125 shares during the quarter. Digital Realty Trust comprises approximately 1.5% of Cherry Creek Investment Advisors Inc.’s holdings, making the stock its 20th largest position. Cherry Creek Investment Advisors Inc.’s holdings in Digital Realty Trust were worth $2,989,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Meeder Asset Management Inc. bought a new stake in Digital Realty Trust during the second quarter valued at about $25,000. Gradient Investments LLC increased its position in Digital Realty Trust by 75.2% in the 2nd quarter. Gradient Investments LLC now owns 177 shares of the real estate investment trust’s stock worth $27,000 after buying an additional 76 shares during the period. American Capital Advisory LLC acquired a new position in shares of Digital Realty Trust during the second quarter worth approximately $27,000. Private Ocean LLC bought a new stake in shares of Digital Realty Trust in the second quarter valued at approximately $27,000. Finally, GoalVest Advisory LLC bought a new position in Digital Realty Trust during the first quarter worth $29,000. 99.71% of the stock is currently owned by institutional investors and hedge funds.

Digital Realty Trust Stock Up 0.3 %

NYSE DLR opened at $165.80 on Thursday. The stock has a market capitalization of $51.80 billion, a P/E ratio of 46.06, a price-to-earnings-growth ratio of 5.08 and a beta of 0.60. Digital Realty Trust, Inc. has a 52 week low of $116.18 and a 52 week high of $166.57. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.78 and a current ratio of 1.78. The stock has a fifty day moving average of $156.77 and a 200-day moving average of $150.27.

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

Digital Realty Trust Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 13th were given a dividend of $1.22 per share. This represents a $4.88 annualized dividend and a dividend yield of 2.94%. The ex-dividend date of this dividend was Friday, September 13th. Digital Realty Trust’s payout ratio is 135.56%.

Wall Street Analyst Weigh In

Several analysts have issued reports on DLR shares. TD Cowen decreased their price target on shares of Digital Realty Trust from $122.00 to $120.00 and set a “hold” rating on the stock in a research report on Friday, July 26th. HSBC upgraded Digital Realty Trust from a “reduce” rating to a “hold” rating and boosted their price target for the company from $124.00 to $160.00 in a research note on Friday, October 4th. Evercore ISI raised their price objective on Digital Realty Trust from $160.00 to $175.00 and gave the stock an “outperform” rating in a research report on Wednesday. Stifel Nicolaus boosted their price objective on Digital Realty Trust from $165.00 to $175.00 and gave the company a “buy” rating in a research report on Friday, July 12th. Finally, JPMorgan Chase & Co. raised their target price on Digital Realty Trust from $175.00 to $180.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 1st. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $158.33.

Insider Transactions at Digital Realty Trust

In related news, Director Jean F. H. P. Mandeville sold 600 shares of Digital Realty Trust stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $150.26, for a total transaction of $90,156.00. Following the transaction, the director now owns 9,055 shares of the company’s stock, valued at $1,360,604.30. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.17% of the stock is owned by corporate insiders.

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.