KBC Group NV Acquires 216,515 Shares of Digital Realty Trust, Inc. (NYSE:DLR)

KBC Group NV raised its holdings in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 341.5% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 279,921 shares of the real estate investment trust’s stock after purchasing an additional 216,515 shares during the period. KBC Group NV owned 0.09% of Digital Realty Trust worth $45,299,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Meeder Asset Management Inc. purchased a new position in Digital Realty Trust during the second quarter valued at $25,000. Gradient Investments LLC increased its holdings in shares of Digital Realty Trust by 75.2% during the second quarter. Gradient Investments LLC now owns 177 shares of the real estate investment trust’s stock valued at $27,000 after acquiring an additional 76 shares in the last quarter. American Capital Advisory LLC bought a new position in shares of Digital Realty Trust during the second quarter valued at $27,000. Private Ocean LLC bought a new position in Digital Realty Trust in the 2nd quarter worth about $27,000. Finally, Asset Dedication LLC bought a new position in Digital Realty Trust in the 2nd quarter worth about $31,000. Institutional investors own 99.71% of the company’s stock.

Digital Realty Trust Trading Up 0.0 %

Shares of NYSE:DLR opened at $178.17 on Friday. The company has a market capitalization of $59.10 billion, a PE ratio of 149.72, a PEG ratio of 4.80 and a beta of 0.59. Digital Realty Trust, Inc. has a 12-month low of $130.00 and a 12-month high of $193.88. The business has a 50 day moving average of $165.37 and a two-hundred day moving average of $154.35. The company has a current ratio of 1.61, a quick ratio of 1.61 and a debt-to-equity ratio of 0.81.

Digital Realty Trust (NYSE:DLR) last announced its quarterly earnings results on Thursday, October 24th. The real estate investment trust reported $0.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.67 by ($1.58). The firm had revenue of $1.43 billion for the quarter, compared to analysts’ expectations of $1.43 billion. Digital Realty Trust had a return on equity of 2.24% and a net margin of 8.04%. The business’s quarterly revenue was up 2.1% on a year-over-year basis. During the same period last year, the company posted $1.62 earnings per share. As a group, analysts forecast that Digital Realty Trust, Inc. will post 6.71 EPS for the current year.

Digital Realty Trust Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Stockholders of record on Friday, December 13th will be paid a dividend of $1.22 per share. This represents a $4.88 annualized dividend and a dividend yield of 2.74%. The ex-dividend date of this dividend is Friday, December 13th. Digital Realty Trust’s payout ratio is 410.08%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Argus lowered shares of Digital Realty Trust from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Scotiabank boosted their price target on Digital Realty Trust from $157.00 to $178.00 and gave the stock a “sector perform” rating in a research note on Friday, October 25th. Evercore ISI increased their price objective on Digital Realty Trust from $160.00 to $175.00 and gave the company an “outperform” rating in a research report on Wednesday, October 23rd. Jefferies Financial Group boosted their target price on Digital Realty Trust from $190.00 to $205.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. Finally, HSBC upgraded shares of Digital Realty Trust from a “reduce” rating to a “hold” rating and upped their target price for the company from $124.00 to $160.00 in a research note on Friday, October 4th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $169.47.

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.