Concurrent Investment Advisors LLC Raises Holdings in Digital Realty Trust, Inc. (NYSE:DLR)

Concurrent Investment Advisors LLC raised its position in shares of Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 94.6% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,420 shares of the real estate investment trust's stock after purchasing an additional 3,121 shares during the quarter. Concurrent Investment Advisors LLC's holdings in Digital Realty Trust were worth $1,039,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Meeder Asset Management Inc. bought a new position in Digital Realty Trust in the 2nd quarter worth $25,000. Gradient Investments LLC grew its position in shares of 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 purchasing an additional 76 shares in the last quarter. American Capital Advisory LLC bought a new stake in Digital Realty Trust during the 2nd quarter valued at approximately $27,000. Private Ocean LLC purchased a new position in Digital Realty Trust in the 2nd quarter worth approximately $27,000. Finally, Asset Dedication LLC bought a new position in Digital Realty Trust in the 2nd quarter worth approximately $31,000. 99.71% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

DLR has been the topic of several research analyst reports. Barclays boosted their target price on shares of Digital Realty Trust from $130.00 to $135.00 and gave the stock an "underweight" rating in a report on Thursday, October 10th. Wells Fargo & Company increased their price objective on shares of Digital Realty Trust from $175.00 to $185.00 and gave the company an "overweight" rating in a report on Friday, October 25th. TD Cowen lifted their target price on Digital Realty Trust from $120.00 to $128.00 and gave the stock a "hold" rating in a report on Friday, October 25th. Raymond James increased their price target on 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. Finally, Scotiabank lifted their price objective on Digital Realty Trust from $157.00 to $178.00 and gave the stock a "sector perform" rating in a research note on Friday, October 25th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Digital Realty Trust has an average rating of "Hold" and an average price target of $167.68.

Digital Realty Trust Trading Up 2.0 %

Shares of NYSE:DLR traded up $3.51 during trading hours on Friday, hitting $181.98. 2,229,733 shares of the company's stock traded hands, compared to its average volume of 1,985,581. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.61 and a quick ratio of 1.78. The business has a fifty day moving average price of $163.54 and a 200-day moving average price of $153.43. Digital Realty Trust, Inc. has a 1 year low of $126.22 and a 1 year high of $193.88. The firm has a market capitalization of $60.36 billion, a P/E ratio of 152.92, a price-to-earnings-growth ratio of 5.58 and a beta of 0.59.

Digital Realty Trust (NYSE:DLR - Get Free Report) last announced its quarterly earnings data 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 net margin of 8.04% and a return on equity of 2.24%. The business had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.43 billion. During the same period last year, the company earned $1.62 EPS. The business's revenue was up 2.1% compared to the same quarter last year. Equities analysts expect that Digital Realty Trust, Inc. will post 6.7 earnings per share for the current year.

Digital Realty Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 17th. Investors of record on Friday, December 13th will be issued a dividend of $1.22 per share. The ex-dividend date of this dividend is Friday, December 13th. This represents a $4.88 dividend on an annualized basis and a yield of 2.68%. Digital Realty Trust's payout ratio is 410.08%.

About Digital Realty Trust

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.