Digital Realty Trust, Inc. (NYSE:DLR) Shares Acquired by Huntington National Bank

Huntington National Bank raised its holdings in Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 46.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 39,306 shares of the real estate investment trust's stock after purchasing an additional 12,385 shares during the quarter. Huntington National Bank's holdings in Digital Realty Trust were worth $6,361,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Clear Creek Financial Management LLC boosted its stake in shares of Digital Realty Trust by 1.6% during the 3rd quarter. Clear Creek Financial Management LLC now owns 3,836 shares of the real estate investment trust's stock worth $621,000 after acquiring an additional 59 shares in the last quarter. Trueblood Wealth Management LLC raised its stake in shares of Digital Realty Trust by 3.1% during the 3rd quarter. Trueblood Wealth Management LLC now owns 2,061 shares of the real estate investment trust's stock worth $334,000 after buying an additional 61 shares during the period. Gilman Hill Asset Management LLC increased its holdings in Digital Realty Trust by 1.1% in the 2nd quarter. Gilman Hill Asset Management LLC now owns 6,179 shares of the real estate investment trust's stock worth $940,000 after acquiring an additional 65 shares in the last quarter. GHP Investment Advisors Inc. increased its holdings in Digital Realty Trust by 14.3% in the 3rd quarter. GHP Investment Advisors Inc. now owns 527 shares of the real estate investment trust's stock worth $85,000 after acquiring an additional 66 shares in the last quarter. Finally, Telos Capital Management Inc. lifted its holdings in Digital Realty Trust by 0.8% during the third quarter. Telos Capital Management Inc. now owns 8,569 shares of the real estate investment trust's stock valued at $1,387,000 after purchasing an additional 71 shares in the last quarter. 99.71% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

DLR has been the subject of several research analyst reports. TD Cowen upped their price target on shares of Digital Realty Trust from $120.00 to $128.00 and gave the stock a "hold" rating in a research report on Friday, October 25th. Jefferies Financial Group increased their target price on Digital Realty Trust from $190.00 to $205.00 and gave the company a "buy" rating in a report on Friday, October 25th. JPMorgan Chase & Co. boosted their price target on Digital Realty Trust from $180.00 to $185.00 and gave the stock an "overweight" rating in a research report on Friday, October 25th. Argus lowered Digital Realty Trust from a "buy" rating to a "hold" rating in a report on Thursday, August 1st. Finally, Raymond James upped their target price on shares of Digital Realty Trust from $170.00 to $190.00 and gave the stock a "strong-buy" rating in a report on Friday, October 25th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $169.47.

Digital Realty Trust Trading Up 0.8 %

DLR stock traded up $1.46 during mid-day trading on Friday, hitting $179.67. 2,696,095 shares of the company were exchanged, compared to its average volume of 1,864,825. The business has a fifty day simple moving average of $165.93 and a 200-day simple moving average of $154.52. The firm has a market capitalization of $59.60 billion, a P/E ratio of 150.03, a PEG ratio of 4.73 and a beta of 0.59. Digital Realty Trust, Inc. has a 12-month low of $130.00 and a 12-month high of $193.88. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 0.81.

Digital Realty Trust (NYSE:DLR - Get Free Report) last posted its earnings results on Thursday, October 24th. The real estate investment trust reported $0.09 earnings per share 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 company had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.43 billion. During the same quarter last year, the business posted $1.62 EPS. The firm's revenue for the quarter was up 2.1% on a year-over-year basis. On average, equities research analysts predict that Digital Realty Trust, Inc. will post 6.71 earnings per share for the current fiscal year.

Digital Realty Trust Announces Dividend

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 $1.22 dividend. This represents a $4.88 annualized dividend and a yield of 2.72%. The ex-dividend date is Friday, December 13th. Digital Realty Trust's dividend payout ratio is currently 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.