Entropy Technologies LP Takes Position in Digital Realty Trust, Inc. (NYSE:DLR)

Entropy Technologies LP purchased a new position in shares of Digital Realty Trust, Inc. (NYSE:DLR - Free Report) during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 5,550 shares of the real estate investment trust's stock, valued at approximately $898,000.

Several other hedge funds have also made changes to their positions in the stock. Apollon Wealth Management LLC grew its position in Digital Realty Trust by 2.5% in the 3rd quarter. Apollon Wealth Management LLC now owns 9,011 shares of the real estate investment trust's stock worth $1,458,000 after purchasing an additional 217 shares during the last quarter. Catalytic Wealth RIA LLC boosted its position in shares of Digital Realty Trust by 16.9% during the third quarter. Catalytic Wealth RIA LLC now owns 6,623 shares of the real estate investment trust's stock worth $1,072,000 after buying an additional 956 shares during the period. Wolverine Asset Management LLC bought a new position in Digital Realty Trust in the 3rd quarter worth approximately $194,000. Kennebec Savings Bank acquired a new stake in Digital Realty Trust in the 3rd quarter valued at approximately $791,000. Finally, Ashton Thomas Securities LLC bought a new stake in Digital Realty Trust during the 3rd quarter valued at $47,000. Institutional investors own 99.71% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. HSBC raised Digital Realty Trust from a "reduce" rating to a "hold" rating and raised their price target for the company from $124.00 to $160.00 in a report on Friday, October 4th. Argus lowered shares of Digital Realty Trust from a "buy" rating to a "hold" rating in a research note on Thursday, August 1st. Wells Fargo & Company increased their price target on Digital Realty Trust from $175.00 to $185.00 and gave the company an "overweight" rating in a research note on Friday, October 25th. 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 report on Friday, October 25th. Finally, Scotiabank lifted their target price on Digital Realty Trust from $157.00 to $178.00 and gave the stock a "sector perform" rating in a report on Friday, October 25th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $169.47.

Digital Realty Trust Stock Down 0.2 %

NYSE:DLR traded down $0.30 during trading hours on Thursday, hitting $177.83. 390,459 shares of the company's stock traded hands, compared to its average volume of 1,851,836. Digital Realty Trust, Inc. has a twelve month low of $130.00 and a twelve month high of $193.88. The firm has a market cap of $58.99 billion, a P/E ratio of 149.11, a P/E/G ratio of 4.80 and a beta of 0.59. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.61 and a current ratio of 1.61. The stock's fifty day moving average price is $165.37 and its two-hundred day moving average price is $154.35.

Digital Realty Trust (NYSE:DLR - Get Free Report) last posted its quarterly earnings results on Thursday, October 24th. The real estate investment trust reported $0.09 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 company had revenue of $1.43 billion during the quarter, compared to analysts' expectations of $1.43 billion. During the same period last year, the company earned $1.62 earnings per share. Digital Realty Trust's revenue for the quarter was up 2.1% compared to the same quarter last year. On average, research analysts expect 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. Stockholders of record on Friday, December 13th will be paid a $1.22 dividend. This represents a $4.88 dividend on an annualized basis and a dividend yield of 2.74%. The ex-dividend date is Friday, December 13th. Digital Realty Trust's dividend payout ratio (DPR) is presently 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.