Mutual of America Capital Management LLC Increases Stock Position in Digital Realty Trust, Inc. (NYSE:DLR)

Mutual of America Capital Management LLC increased its stake in shares of Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 6.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 46,544 shares of the real estate investment trust's stock after buying an additional 2,748 shares during the quarter. Mutual of America Capital Management LLC's holdings in Digital Realty Trust were worth $7,532,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Pathway Financial Advisers LLC boosted its position in Digital Realty Trust by 15,301.1% in the third quarter. Pathway Financial Advisers LLC now owns 1,850,292 shares of the real estate investment trust's stock worth $299,433,000 after purchasing an additional 1,838,278 shares during the last quarter. Massachusetts Financial Services Co. MA grew its position in Digital Realty Trust by 543.6% during the second quarter. Massachusetts Financial Services Co. MA now owns 1,447,340 shares of the real estate investment trust's stock valued at $220,068,000 after buying an additional 1,773,591 shares during the period. Wulff Hansen & CO. increased its holdings in Digital Realty Trust by 15,105.0% during the second quarter. Wulff Hansen & CO. now owns 795,830 shares of the real estate investment trust's stock worth $121,006,000 after buying an additional 790,596 shares during the last quarter. Electron Capital Partners LLC raised its position in Digital Realty Trust by 220.7% in the second quarter. Electron Capital Partners LLC now owns 1,041,594 shares of the real estate investment trust's stock worth $158,374,000 after acquiring an additional 716,816 shares during the period. Finally, Daiwa Securities Group Inc. boosted its stake in Digital Realty Trust by 16.8% in the second quarter. Daiwa Securities Group Inc. now owns 4,725,971 shares of the real estate investment trust's stock valued at $718,584,000 after acquiring an additional 678,165 shares during the last quarter. 99.71% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on DLR shares. JPMorgan Chase & Co. lifted their price target on shares of Digital Realty Trust from $180.00 to $185.00 and gave the stock an "overweight" rating in a report on Friday, October 25th. Argus lowered Digital Realty Trust from a "buy" rating to a "hold" rating in a research note on Thursday, August 1st. HSBC upgraded Digital Realty Trust from a "reduce" rating to a "hold" rating and increased their price target for the stock from $124.00 to $160.00 in a research note on Friday, October 4th. Evercore ISI upped their price objective on shares of Digital Realty Trust from $160.00 to $175.00 and gave the company an "outperform" rating in a report on Wednesday, October 23rd. Finally, Raymond James lifted their target price on shares of 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. 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 issued a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $169.84.

Digital Realty Trust Price Performance

Shares of NYSE DLR traded up $3.67 during midday trading on Tuesday, hitting $186.96. 769,524 shares of the company's stock were exchanged, compared to its average volume of 1,861,951. The company has a current ratio of 1.61, a quick ratio of 1.61 and a debt-to-equity ratio of 0.81. The business's fifty day moving average price is $167.24 and its two-hundred day moving average price is $155.31. The company has a market cap of $62.02 billion, a price-to-earnings ratio of 153.88, a PEG ratio of 4.77 and a beta of 0.59. Digital Realty Trust, Inc. has a 12-month low of $130.00 and a 12-month high of $193.88.

Digital Realty Trust (NYSE:DLR - Get Free Report) last released its quarterly earnings results on Thursday, October 24th. The real estate investment trust reported $0.09 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 in the prior year, the firm earned $1.62 EPS. Digital Realty Trust's quarterly revenue was up 2.1% on a year-over-year basis. As a group, 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 announced a quarterly dividend, which will be paid on Friday, January 17th. Investors of record on Friday, December 13th will be given 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 yield of 2.61%. Digital Realty Trust's payout ratio is 410.08%.

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.