Freedom Investment Management Inc. Buys 1,107 Shares of Digital Realty Trust, Inc. (NYSE:DLR)

Freedom Investment Management Inc. increased its holdings in Digital Realty Trust, Inc. (NYSE:DLR) by 24.0% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 5,726 shares of the real estate investment trust’s stock after acquiring an additional 1,107 shares during the quarter. Freedom Investment Management Inc.’s holdings in Digital Realty Trust were worth $927,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Meeder Asset Management Inc. bought a new position in Digital Realty Trust in the second quarter worth about $25,000. American Capital Advisory LLC purchased a new stake in Digital Realty Trust during the second quarter valued at approximately $27,000. Private Ocean LLC acquired a new stake in Digital Realty Trust in the second quarter valued at approximately $27,000. Gradient Investments LLC grew its holdings in Digital Realty Trust by 75.2% in the second quarter. Gradient Investments LLC now owns 177 shares of the real estate investment trust’s stock worth $27,000 after purchasing an additional 76 shares during the last quarter. Finally, Adirondack Trust Co. increased its position in shares of Digital Realty Trust by 68.6% during the third quarter. Adirondack Trust Co. now owns 199 shares of the real estate investment trust’s stock worth $32,000 after purchasing an additional 81 shares in the last quarter. 99.71% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms have recently weighed in on DLR. Argus cut Digital Realty Trust from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Royal Bank of Canada boosted their price target on Digital Realty Trust from $177.00 to $207.00 and gave the stock an “outperform” rating in a research note on Monday, October 28th. Evercore ISI increased their price objective on shares of Digital Realty Trust from $160.00 to $175.00 and gave the company an “outperform” rating in a research report on Wednesday, October 23rd. Stifel Nicolaus boosted their target price on shares of Digital Realty Trust from $195.00 to $205.00 and gave the stock a “buy” rating in a research report on Thursday, November 21st. Finally, Barclays raised their price target on shares of Digital Realty Trust from $135.00 to $142.00 and gave the stock an “underweight” rating in a report on Monday, November 18th. Two analysts have rated the stock with a sell rating, nine have given a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $170.37.

Digital Realty Trust Price Performance

NYSE:DLR opened at $195.28 on Friday. The stock has a 50 day moving average of $172.40 and a two-hundred day moving average of $157.79. Digital Realty Trust, Inc. has a 12 month low of $130.00 and a 12 month high of $195.93. The firm has a market cap of $64.78 billion, a P/E ratio of 164.10, a price-to-earnings-growth ratio of 5.12 and a beta of 0.59. 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 issued its quarterly earnings results on Thursday, October 24th. The real estate investment trust reported $0.09 EPS for the quarter, missing the consensus estimate 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 firm’s revenue for the quarter was up 2.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.62 earnings per share. On average, analysts expect that Digital Realty Trust, Inc. will post 6.71 earnings per share for the current fiscal year.

Digital Realty Trust Dividend Announcement

The firm 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 dividend of $1.22 per share. The ex-dividend date is Friday, December 13th. This represents a $4.88 dividend on an annualized basis and a yield of 2.50%. Digital Realty Trust’s payout ratio is presently 410.08%.

Digital Realty Trust 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.