Sora Investors LLC boosted its holdings in Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 60.0% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 80,000 shares of the real estate investment trust's stock after acquiring an additional 30,000 shares during the quarter. Digital Realty Trust comprises approximately 2.3% of Sora Investors LLC's portfolio, making the stock its 17th biggest holding. Sora Investors LLC's holdings in Digital Realty Trust were worth $12,946,000 as of its most recent SEC filing.
Other large investors have also recently bought and sold shares of the company. Meeder Asset Management Inc. acquired a new stake in shares of Digital Realty Trust in the 2nd quarter worth approximately $25,000. American Capital Advisory LLC purchased a new position in shares of Digital Realty Trust in the second quarter valued at $27,000. Private Ocean LLC acquired a new position in shares of Digital Realty Trust during the 2nd quarter worth $27,000. Gradient Investments LLC boosted its position in shares of 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 buying an additional 76 shares in the last quarter. Finally, Adirondack Trust Co. grew its stake in Digital Realty Trust by 68.6% in the 3rd quarter. Adirondack Trust Co. now owns 199 shares of the real estate investment trust's stock valued at $32,000 after acquiring an additional 81 shares during the last quarter. Hedge funds and other institutional investors own 99.71% of the company's stock.
Digital Realty Trust Trading Up 0.3 %
DLR stock traded up $0.63 during midday trading on Friday, reaching $191.71. 1,100,453 shares of the company's stock traded hands, compared to its average volume of 1,869,502. Digital Realty Trust, Inc. has a fifty-two week low of $130.00 and a fifty-two week high of $198.00. The business has a 50-day moving average price of $175.48 and a two-hundred day moving average price of $159.47. The company has a market capitalization of $63.59 billion, a P/E ratio of 161.14, a PEG ratio of 5.07 and a beta of 0.62. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.61 and a quick ratio of 1.61.
Digital Realty Trust (NYSE:DLR - Get Free Report) last announced its quarterly earnings results on Thursday, October 24th. The real estate investment trust reported $0.09 earnings per share (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 company had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.43 billion. During the same quarter in the prior year, the company posted $1.62 earnings per share. The firm's revenue for the quarter was up 2.1% on a year-over-year basis. Equities research analysts forecast that Digital Realty Trust, Inc. will post 6.71 EPS for the current fiscal year.
Digital Realty Trust Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 17th. Stockholders of record on Friday, December 13th will be paid a dividend of $1.22 per share. The ex-dividend date is Friday, December 13th. This represents a $4.88 dividend on an annualized basis and a dividend yield of 2.55%. Digital Realty Trust's dividend payout ratio is currently 410.08%.
Analyst Ratings Changes
Several research analysts recently issued reports on DLR shares. Royal Bank of Canada lifted their price objective on Digital Realty Trust from $177.00 to $207.00 and gave the stock an "outperform" rating in a research report on Monday, October 28th. 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 report on Friday, October 25th. Scotiabank increased their price objective on Digital Realty Trust from $157.00 to $178.00 and gave the company a "sector perform" rating in a research note on Friday, October 25th. TD Cowen upped their target price on shares of Digital Realty Trust from $120.00 to $128.00 and gave the company a "hold" rating in a report on Friday, October 25th. Finally, Raymond James lifted their price target 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 equities research analysts have rated the stock with a sell rating, nine have given a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $170.37.
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Digital Realty Trust Company Profile
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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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