Digital Realty Trust, Inc. (NYSE:DLR) Position Raised by Citigroup Inc.

Citigroup Inc. raised its stake in Digital Realty Trust, Inc. (NYSE:DLR) by 4.4% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 355,411 shares of the real estate investment trust’s stock after acquiring an additional 14,985 shares during the period. Citigroup Inc.’s holdings in Digital Realty Trust were worth $57,516,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Meeder Asset Management Inc. bought a new position in shares of Digital Realty Trust in the second quarter valued at $25,000. American Capital Advisory LLC bought a new position in shares of Digital Realty Trust in the second quarter valued at $27,000. Private Ocean LLC bought a new position in shares of Digital Realty Trust in the second quarter valued at $27,000. Gradient Investments LLC increased its holdings in shares of 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 valued at $27,000 after buying an additional 76 shares in the last quarter. Finally, Adirondack Trust Co. increased its holdings in shares of Digital Realty Trust by 68.6% in the third quarter. Adirondack Trust Co. now owns 199 shares of the real estate investment trust’s stock valued at $32,000 after buying an additional 81 shares in the last quarter. Institutional investors own 99.71% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. Royal Bank of Canada upped their price target on Digital Realty Trust from $177.00 to $207.00 and gave the company an “outperform” rating in a report on Monday, October 28th. Barclays boosted their target price on shares of Digital Realty Trust from $135.00 to $142.00 and gave the company an “underweight” rating in a research note on Monday, November 18th. Hsbc Global Res raised shares of Digital Realty Trust from a “moderate sell” rating to a “hold” rating in a research note on Friday, October 4th. TD Cowen boosted their target price on shares of Digital Realty Trust from $120.00 to $128.00 and gave the company a “hold” rating in a research note on Friday, October 25th. Finally, Raymond James boosted their target price on shares of Digital Realty Trust from $170.00 to $190.00 and gave the company a “strong-buy” rating in a research note on Friday, October 25th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $170.37.

Digital Realty Trust Trading Up 1.3 %

Shares of NYSE:DLR opened at $189.84 on Friday. The stock has a market capitalization of $62.97 billion, a PE ratio of 159.53, a P/E/G ratio of 4.97 and a beta of 0.59. Digital Realty Trust, Inc. has a 1 year low of $130.00 and a 1 year high of $193.88. The firm has a fifty day moving average price of $169.56 and a 200 day moving average price of $156.43. 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 data 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 business had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.43 billion. Digital Realty Trust had a return on equity of 2.24% and a net margin of 8.04%. The company’s revenue for the quarter was up 2.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.62 earnings per share. Analysts expect that Digital Realty Trust, Inc. will post 6.71 EPS for the current fiscal year.

Digital Realty Trust Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Shareholders of record on Friday, December 13th will be given a dividend of $1.22 per share. This represents a $4.88 dividend on an annualized basis and a yield of 2.57%. The ex-dividend date is Friday, December 13th. Digital Realty Trust’s dividend payout ratio is 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.