Digital Realty Trust, Inc. (NYSE:DLR) Shares Purchased by D.A. Davidson & CO.

D.A. Davidson & CO. lifted its holdings in Digital Realty Trust, Inc. (NYSE:DLR) by 3.8% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 30,754 shares of the real estate investment trust’s stock after buying an additional 1,133 shares during the quarter. D.A. Davidson & CO.’s holdings in Digital Realty Trust were worth $4,977,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Meeder Asset Management Inc. bought a new position in Digital Realty Trust in the second quarter worth about $25,000. Gradient Investments LLC boosted its position in Digital Realty Trust by 75.2% during the 2nd quarter. Gradient Investments LLC now owns 177 shares of the real estate investment trust’s stock valued at $27,000 after purchasing an additional 76 shares during the period. American Capital Advisory LLC acquired a new position in Digital Realty Trust during the 2nd quarter valued at approximately $27,000. Private Ocean LLC bought a new position in Digital Realty Trust during the 2nd quarter worth $27,000. Finally, Asset Dedication LLC acquired a new stake in Digital Realty Trust in the second quarter worth $31,000. 99.71% of the stock is owned by institutional investors and hedge funds.

Digital Realty Trust Price Performance

NYSE DLR opened at $195.31 on Thursday. The stock has a market capitalization of $64.79 billion, a P/E ratio of 164.13, a P/E/G ratio of 5.12 and a beta of 0.59. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.61 and a current ratio of 1.61. The business’s fifty day moving average is $171.67 and its two-hundred day moving average is $157.53. Digital Realty Trust, Inc. has a 1 year low of $130.00 and a 1 year high of $195.93.

Digital Realty Trust (NYSE:DLR) last announced its 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). Digital Realty Trust had a return on equity of 2.24% and a net margin of 8.04%. The company had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.43 billion. During the same period last year, the firm earned $1.62 earnings per share. The firm’s revenue for the quarter was up 2.1% on a year-over-year basis. On average, research analysts forecast that Digital Realty Trust, Inc. will post 6.71 earnings per share for the current fiscal year.

Digital Realty Trust Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, January 17th. Investors of record on Friday, December 13th will be given a $1.22 dividend. The ex-dividend date is Friday, December 13th. This represents a $4.88 annualized dividend and a dividend yield of 2.50%. Digital Realty Trust’s dividend payout ratio (DPR) is presently 410.08%.

Wall Street Analyst Weigh In

Several research firms have recently commented on DLR. Wells Fargo & Company upped their price target on shares of Digital Realty Trust from $175.00 to $185.00 and gave the stock an “overweight” rating in a research report on Friday, October 25th. Jefferies Financial Group upped their target price on shares of Digital Realty Trust from $190.00 to $205.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. Evercore ISI boosted 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, October 23rd. TD Cowen increased their price objective on Digital Realty Trust from $120.00 to $128.00 and gave the stock a “hold” rating in a report on Friday, October 25th. Finally, Stifel Nicolaus boosted their price target on Digital Realty Trust from $195.00 to $205.00 and gave the stock a “buy” rating in a research report on Thursday, November 21st. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Digital Realty Trust has a consensus rating of “Hold” and a consensus price target of $170.37.

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.