Entropy Technologies LP Makes New $898,000 Investment in Digital Realty Trust, Inc. (NYSE:DLR)

Entropy Technologies LP purchased a new position in shares of Digital Realty Trust, Inc. (NYSE:DLR - Free Report) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 5,550 shares of the real estate investment trust's stock, valued at approximately $898,000.

A number of other institutional investors and hedge funds have also modified their holdings of DLR. Meeder Asset Management Inc. acquired a new stake in Digital Realty Trust in the second quarter valued at $25,000. Gradient Investments LLC raised its position in 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 worth $27,000 after acquiring an additional 76 shares during the last quarter. American Capital Advisory LLC purchased a new stake in shares of Digital Realty Trust in the second quarter valued at about $27,000. Private Ocean LLC acquired a new stake in shares of Digital Realty Trust in the second quarter valued at approximately $27,000. Finally, Asset Dedication LLC purchased a new position in shares of Digital Realty Trust during the 2nd quarter worth approximately $31,000. Institutional investors and hedge funds own 99.71% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on DLR. Jefferies Financial Group upped their target price on Digital Realty Trust from $190.00 to $205.00 and gave the company a "buy" rating in a research note on Friday, October 25th. TD Cowen increased their price objective on Digital Realty Trust from $120.00 to $128.00 and gave the company a "hold" rating in a research note on Friday, October 25th. Wells Fargo & Company boosted their target price on shares of Digital Realty Trust from $175.00 to $185.00 and gave the company an "overweight" rating in a research note on Friday, October 25th. Evercore ISI raised their price target on shares of Digital Realty Trust from $160.00 to $175.00 and gave the stock an "outperform" rating in a research note on Wednesday, October 23rd. Finally, Scotiabank boosted their price objective on shares of Digital Realty Trust from $157.00 to $178.00 and gave the company a "sector perform" rating in a research report on Friday, October 25th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, Digital Realty Trust currently has a consensus rating of "Hold" and an average target price of $169.47.

Digital Realty Trust Stock Down 0.2 %

DLR stock traded down $0.30 during midday trading on Thursday, hitting $177.83. 390,459 shares of the company's stock were exchanged, compared to its average volume of 1,851,836. The firm has a 50 day moving average price of $165.37 and a 200-day moving average price of $154.35. Digital Realty Trust, Inc. has a 12-month low of $130.00 and a 12-month high of $193.88. The stock has a market capitalization of $58.99 billion, a price-to-earnings ratio of 149.11, a price-to-earnings-growth ratio of 4.80 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 - Get Free Report) last issued 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 company 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 firm's quarterly revenue was up 2.1% on a year-over-year basis. During the same quarter last year, the firm posted $1.62 EPS. On average, analysts anticipate that Digital Realty Trust, Inc. will post 6.71 EPS for the current year.

Digital Realty Trust Announces Dividend

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 paid a $1.22 dividend. The ex-dividend date is Friday, December 13th. This represents a $4.88 dividend on an annualized basis and a yield of 2.74%. Digital Realty Trust's dividend payout ratio (DPR) 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.