Cumberland Partners Ltd Grows Position in Digital Realty Trust, Inc. (NYSE:DLR)

Cumberland Partners Ltd raised its holdings in shares of Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 207.3% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 46,595 shares of the real estate investment trust's stock after buying an additional 31,430 shares during the period. Cumberland Partners Ltd's holdings in Digital Realty Trust were worth $7,540,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of DLR. Pathway Financial Advisers LLC increased its position in Digital Realty Trust by 15,301.1% in the 3rd quarter. Pathway Financial Advisers LLC now owns 1,850,292 shares of the real estate investment trust's stock valued at $299,433,000 after buying an additional 1,838,278 shares in the last quarter. Massachusetts Financial Services Co. MA grew its stake in shares of Digital Realty Trust by 543.6% during the second quarter. Massachusetts Financial Services Co. MA now owns 1,447,340 shares of the real estate investment trust's stock valued at $220,068,000 after buying an additional 1,773,591 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of Digital Realty Trust by 2.0% during the first quarter. Vanguard Group Inc. now owns 48,503,593 shares of the real estate investment trust's stock valued at $6,986,458,000 after purchasing an additional 951,567 shares during the last quarter. Wulff Hansen & CO. grew its position in Digital Realty Trust by 15,105.0% in the 2nd quarter. Wulff Hansen & CO. now owns 795,830 shares of the real estate investment trust's stock worth $121,006,000 after purchasing an additional 790,596 shares during the period. Finally, Electron Capital Partners LLC grew its position in shares of Digital Realty Trust by 220.7% during the 2nd quarter. Electron Capital Partners LLC now owns 1,041,594 shares of the real estate investment trust's stock valued at $158,374,000 after acquiring an additional 716,816 shares during the period. Institutional investors own 99.71% of the company's stock.

Wall Street Analyst Weigh In

DLR has been the topic of several research analyst reports. Wells Fargo & Company lifted 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 report on Friday, October 25th. Scotiabank upped their target price on Digital Realty Trust from $157.00 to $178.00 and gave the stock a "sector perform" rating in a research report on Friday, October 25th. Jefferies Financial Group raised their target price on Digital Realty Trust from $190.00 to $205.00 and gave the stock a "buy" rating in a report on Friday, October 25th. Barclays lifted their price target on Digital Realty Trust from $130.00 to $135.00 and gave the company an "underweight" rating in a research note on Thursday, October 10th. Finally, TD Cowen upped 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. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $169.47.

Digital Realty Trust Stock Down 1.2 %

Shares of NYSE DLR traded down $2.13 during mid-day trading on Tuesday, reaching $180.72. The company had a trading volume of 1,935,990 shares, compared to its average volume of 1,858,455. The stock has a market capitalization of $59.95 billion, a PE ratio of 152.52, a price-to-earnings-growth ratio of 4.83 and a beta of 0.59. Digital Realty Trust, Inc. has a twelve month low of $126.87 and a twelve month high of $193.88. The stock's 50 day moving average is $164.17 and its 200-day moving average is $153.92. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.78 and a current ratio of 1.61.

Digital Realty Trust (NYSE:DLR - Get Free Report) last issued its 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). Digital Realty Trust had a return on equity of 2.24% and a net margin of 8.04%. The business had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.43 billion. During the same quarter in the prior year, the firm posted $1.62 earnings per share. The business's revenue was up 2.1% compared to the same quarter last year. As a group, equities analysts anticipate that Digital Realty Trust, Inc. will post 6.71 earnings per share for the current fiscal year.

Digital Realty Trust Dividend Announcement

The business 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 of this dividend is Friday, December 13th. This represents a $4.88 annualized dividend and a yield of 2.70%. Digital Realty Trust's dividend payout ratio is currently 410.08%.

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.