Metis Global Partners LLC boosted its stake in Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 13.4% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 82,558 shares of the real estate investment trust's stock after purchasing an additional 9,765 shares during the quarter. Metis Global Partners LLC's holdings in Digital Realty Trust were worth $13,360,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Meeder Asset Management Inc. bought a new position in shares of Digital Realty Trust during the 2nd quarter worth approximately $25,000. Gradient Investments LLC boosted its stake in Digital Realty Trust by 75.2% in the 2nd 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 during the period. American Capital Advisory LLC bought a new position in Digital Realty Trust in the 2nd quarter worth about $27,000. Private Ocean LLC purchased a new stake in shares of Digital Realty Trust in the 2nd quarter valued at about $27,000. Finally, Asset Dedication LLC purchased a new stake in shares of Digital Realty Trust in the 2nd quarter valued at about $31,000. Institutional investors and hedge funds own 99.71% of the company's stock.
Analysts Set New Price Targets
DLR has been the topic of a number of analyst reports. Hsbc Global Res raised Digital Realty Trust from a "moderate sell" rating to a "hold" rating in a research note on Friday, October 4th. Stifel Nicolaus restated a "buy" rating and set a $195.00 price target (up from $185.00) on shares of Digital Realty Trust in a research report on Friday, October 25th. JPMorgan Chase & Co. lifted their price objective on Digital Realty Trust from $180.00 to $185.00 and gave the company an "overweight" rating in a research note on Friday, October 25th. Barclays lifted their price objective 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, Royal Bank of Canada boosted their price target on Digital Realty Trust from $177.00 to $207.00 and gave the stock an "outperform" rating in a research note on Monday, October 28th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, Digital Realty Trust has an average rating of "Hold" and a consensus price target of $169.47.
Get Our Latest Stock Analysis on DLR
Digital Realty Trust Stock Up 0.0 %
Shares of DLR traded up $0.04 during mid-day trading on Thursday, reaching $178.17. The company's stock had a trading volume of 2,127,350 shares, compared to its average volume of 1,859,693. 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 cap of $59.10 billion, a PE ratio of 149.11, a price-to-earnings-growth ratio of 4.80 and a beta of 0.59. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.61 and a quick ratio of 1.61. The company's 50 day moving average is $165.37 and its 200 day moving average is $154.35.
Digital Realty Trust (NYSE:DLR - Get Free Report) last posted its quarterly earnings data on Thursday, October 24th. The real estate investment trust reported $0.09 earnings per share for the quarter, missing analysts' consensus estimates of $1.67 by ($1.58). The company had revenue of $1.43 billion for the quarter, compared to analyst estimates 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 revenue was up 2.1% compared to the same quarter last year. During the same period in the previous year, the business posted $1.62 earnings per share. Equities analysts anticipate that Digital Realty Trust, Inc. will post 6.71 EPS 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. Shareholders of record on Friday, December 13th will be given a dividend of $1.22 per share. This represents a $4.88 annualized dividend and a yield of 2.74%. The ex-dividend date is Friday, December 13th. Digital Realty Trust's payout ratio is 410.08%.
About Digital Realty Trust
(
Free Report)
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.
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