Kennebec Savings Bank Purchases Shares of 4,887 Digital Realty Trust, Inc. (NYSE:DLR)

Kennebec Savings Bank purchased a new stake in shares of Digital Realty Trust, Inc. (NYSE:DLR - Free Report) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 4,887 shares of the real estate investment trust's stock, valued at approximately $791,000.

Several other institutional investors and hedge funds also recently made changes to their positions in DLR. Ashton Thomas Securities LLC bought a new stake in shares of Digital Realty Trust in the third quarter worth $47,000. State of New Jersey Common Pension Fund D increased its stake in shares of Digital Realty Trust by 4.1% in the 3rd quarter. State of New Jersey Common Pension Fund D now owns 234,113 shares of the real estate investment trust's stock worth $37,887,000 after purchasing an additional 9,276 shares in the last quarter. Crossmark Global Holdings Inc. raised its holdings in Digital Realty Trust by 0.9% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 16,872 shares of the real estate investment trust's stock worth $2,731,000 after purchasing an additional 151 shares during the period. Sigma Planning Corp grew its holdings in Digital Realty Trust by 9.3% during the third quarter. Sigma Planning Corp now owns 15,282 shares of the real estate investment trust's stock valued at $2,473,000 after purchasing an additional 1,295 shares during the period. Finally, Arrow Financial Corp raised its stake in shares of Digital Realty Trust by 11.8% in the third quarter. Arrow Financial Corp now owns 12,300 shares of the real estate investment trust's stock worth $1,991,000 after buying an additional 1,300 shares during the period. Institutional investors own 99.71% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on DLR shares. Royal Bank of Canada increased their target price on shares of Digital Realty Trust from $177.00 to $207.00 and gave the stock an "outperform" rating in a report on Monday, October 28th. Jefferies Financial Group raised their price objective on shares of Digital Realty Trust from $190.00 to $205.00 and gave the company a "buy" rating in a research report on Friday, October 25th. Scotiabank upped their target price on shares of Digital Realty Trust from $157.00 to $178.00 and gave the stock a "sector perform" rating in a report on Friday, October 25th. JPMorgan Chase & Co. raised their price target on Digital Realty Trust from $180.00 to $185.00 and gave the company an "overweight" rating in a report on Friday, October 25th. Finally, Hsbc Global Res raised Digital Realty Trust from a "moderate sell" rating to a "hold" rating in a research note on Friday, October 4th. Two 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. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $167.68.

Digital Realty Trust Trading Up 0.6 %

Shares of DLR stock traded up $1.01 on Monday, reaching $182.99. 738,259 shares of the company's stock were exchanged, compared to its average volume of 1,852,243. The company's fifty day simple moving average is $163.54 and its 200 day simple moving average is $153.63. The stock has a market capitalization of $60.70 billion, a PE ratio of 153.36, a P/E/G ratio of 4.83 and a beta of 0.59. The company has a current ratio of 1.61, a quick ratio of 1.78 and a debt-to-equity ratio of 0.81. Digital Realty Trust, Inc. has a 52 week low of $126.87 and a 52 week high of $193.88.

Digital Realty Trust (NYSE:DLR - Get Free Report) last issued 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 net margin of 8.04% and a return on equity of 2.24%. The company had revenue of $1.43 billion for the quarter, compared to analysts' expectations of $1.43 billion. During the same period in the prior year, the firm posted $1.62 earnings per share. The firm's revenue for the quarter was up 2.1% compared to the same quarter last year. As a group, analysts forecast that Digital Realty Trust, Inc. will post 6.71 EPS for the current year.

Digital Realty Trust Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, January 17th. Investors of record on Friday, December 13th will be issued a $1.22 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a $4.88 dividend on an annualized basis and a dividend yield of 2.67%. Digital Realty Trust's payout ratio is 410.08%.

Digital Realty Trust Company 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.