KBC Group NV Buys 216,515 Shares of Digital Realty Trust, Inc. (NYSE:DLR)

KBC Group NV boosted its stake in Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 341.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 279,921 shares of the real estate investment trust's stock after purchasing an additional 216,515 shares during the period. KBC Group NV owned approximately 0.09% of Digital Realty Trust worth $45,299,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Huntington National Bank boosted its position in shares of Digital Realty Trust by 46.0% during the third quarter. Huntington National Bank now owns 39,306 shares of the real estate investment trust's stock worth $6,361,000 after buying an additional 12,385 shares during the period. Schrum Private Wealth Management LLC raised its stake in shares of Digital Realty Trust by 100.4% in the 3rd quarter. Schrum Private Wealth Management LLC now owns 2,990 shares of the real estate investment trust's stock worth $484,000 after buying an additional 1,498 shares in the last quarter. Oppenheimer Asset Management Inc. boosted its stake in Digital Realty Trust by 1.3% during the third quarter. Oppenheimer Asset Management Inc. now owns 22,208 shares of the real estate investment trust's stock valued at $3,594,000 after buying an additional 282 shares in the last quarter. Chase Investment Counsel Corp raised its holdings in shares of Digital Realty Trust by 8.9% in the 3rd quarter. Chase Investment Counsel Corp now owns 21,324 shares of the real estate investment trust's stock worth $3,450,000 after purchasing an additional 1,744 shares in the last quarter. Finally, Aptus Capital Advisors LLC boosted its stake in shares of Digital Realty Trust by 20.6% during the 3rd quarter. Aptus Capital Advisors LLC now owns 63,742 shares of the real estate investment trust's stock worth $10,315,000 after acquiring an additional 10,906 shares in the last quarter. Hedge funds and other institutional investors own 99.71% of the company's stock.

Digital Realty Trust Price Performance

NYSE DLR traded up $1.46 during mid-day trading on Friday, hitting $179.67. The stock had a trading volume of 2,696,095 shares, compared to its average volume of 1,864,825. The firm's 50 day moving average is $165.93 and its 200 day moving average is $154.52. 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 stock has a market capitalization of $59.60 billion, a price-to-earnings ratio of 150.03, a PEG ratio of 4.73 and a beta of 0.59. Digital Realty Trust, Inc. has a twelve month low of $130.00 and a twelve month high of $193.88.

Digital Realty Trust (NYSE:DLR - Get Free Report) last announced its 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 business had revenue of $1.43 billion for the quarter, compared to analysts' expectations of $1.43 billion. During the same quarter last year, the business posted $1.62 earnings per share. The business's revenue was up 2.1% on a year-over-year basis. Equities research analysts forecast that Digital Realty Trust, Inc. will post 6.71 earnings per share for the current fiscal year.

Digital Realty Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 17th. Stockholders of record on Friday, December 13th will be issued a dividend of $1.22 per share. This represents a $4.88 dividend on an annualized basis and a dividend yield of 2.72%. The ex-dividend date is Friday, December 13th. Digital Realty Trust's dividend payout ratio (DPR) is 410.08%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on DLR. Raymond James increased their price objective on Digital Realty Trust from $170.00 to $190.00 and gave the stock a "strong-buy" rating in a research note on Friday, October 25th. Truist Financial raised their price objective on shares of Digital Realty Trust from $168.00 to $202.00 and gave the stock a "buy" rating in a report on Tuesday. Wells Fargo & Company raised their price target 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. Royal Bank of Canada increased their price target on Digital Realty Trust from $177.00 to $207.00 and gave the stock an "outperform" rating in a report on Monday, October 28th. Finally, Stifel Nicolaus reaffirmed a "buy" rating and issued a $195.00 target price (up from $185.00) on shares of Digital Realty Trust in a report on Friday, October 25th. Two equities research analysts have rated the stock with a sell rating, nine have issued 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, Digital Realty Trust presently has a consensus rating of "Hold" and a consensus target price of $169.47.

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.