Capital Investment Advisors LLC Acquires 3,787 Shares of Digital Realty Trust, Inc. (NYSE:DLR)

Capital Investment Advisors LLC grew its position in shares of Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 9.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 43,194 shares of the real estate investment trust's stock after acquiring an additional 3,787 shares during the quarter. Capital Investment Advisors LLC's holdings in Digital Realty Trust were worth $6,990,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. increased its holdings in shares of Digital Realty Trust by 2.0% during the first quarter. Vanguard Group Inc. now owns 48,503,593 shares of the real estate investment trust's stock valued at $6,986,458,000 after acquiring an additional 951,567 shares in the last quarter. Canada Pension Plan Investment Board increased its holdings in shares of Digital Realty Trust by 3.1% during the second quarter. Canada Pension Plan Investment Board now owns 4,826,432 shares of the real estate investment trust's stock valued at $733,859,000 after acquiring an additional 146,183 shares in the last quarter. Legal & General Group Plc increased its holdings in shares of Digital Realty Trust by 2.8% during the second quarter. Legal & General Group Plc now owns 4,730,168 shares of the real estate investment trust's stock valued at $719,222,000 after acquiring an additional 129,799 shares in the last quarter. Daiwa Securities Group Inc. increased its holdings in shares of Digital Realty Trust by 16.8% during 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 in the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in shares of Digital Realty Trust by 5.3% during the second quarter. Dimensional Fund Advisors LP now owns 4,541,327 shares of the real estate investment trust's stock valued at $690,498,000 after acquiring an additional 228,585 shares in the last quarter. Institutional investors own 99.71% of the company's stock.

Analyst Upgrades and Downgrades

DLR has been the topic of several analyst reports. The Goldman Sachs Group initiated coverage on Digital Realty Trust in a research report on Monday, July 1st. They set a "buy" rating and a $175.00 target price on the stock. JPMorgan Chase & Co. lifted their target price on Digital Realty Trust from $175.00 to $180.00 and gave the company an "overweight" rating in a research report on Tuesday, October 1st. BMO Capital Markets raised Digital Realty Trust from a "market perform" rating to an "outperform" rating and lifted their target price for the company from $144.00 to $170.00 in a research report on Wednesday, June 26th. TD Cowen cut their target price on Digital Realty Trust from $122.00 to $120.00 and set a "hold" rating on the stock in a research report on Friday, July 26th. Finally, Stifel Nicolaus lifted their target price on Digital Realty Trust from $165.00 to $175.00 and gave the company a "buy" rating in a research report on Friday, July 12th. Two analysts have rated the stock with a sell rating, nine have given a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Digital Realty Trust has a consensus rating of "Hold" and an average price target of $157.17.

Digital Realty Trust Stock Performance

Shares of NYSE DLR traded up $1.69 during trading on Friday, reaching $165.38. 986,022 shares of the stock traded hands, compared to its average volume of 1,815,977. Digital Realty Trust, Inc. has a 52-week low of $113.94 and a 52-week high of $165.65. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.78 and a quick ratio of 1.78. The company has a 50-day moving average of $155.83 and a 200-day moving average of $149.69. The stock has a market capitalization of $51.67 billion, a P/E ratio of 45.93, a price-to-earnings-growth ratio of 5.08 and a beta of 0.60.

Digital Realty Trust (NYSE:DLR - Get Free Report) last issued its quarterly earnings results on Thursday, July 25th. The real estate investment trust reported $0.20 EPS for the quarter, missing analysts' consensus estimates of $1.63 by ($1.43). Digital Realty Trust had a net margin of 20.58% and a return on equity of 5.93%. The firm had revenue of $1.36 billion for the quarter, compared to analysts' expectations of $1.38 billion. During the same period in the prior year, the company earned $1.68 EPS. The firm's quarterly revenue was down .7% on a year-over-year basis. Analysts forecast that Digital Realty Trust, Inc. will post 6.65 EPS for the current fiscal year.

Digital Realty Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, September 13th were paid a dividend of $1.22 per share. The ex-dividend date was Friday, September 13th. This represents a $4.88 dividend on an annualized basis and a dividend yield of 2.95%. Digital Realty Trust's payout ratio is 135.56%.

Insider Activity at Digital Realty Trust

In related news, Director Jean F. H. P. Mandeville sold 600 shares of the business's stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $150.26, for a total transaction of $90,156.00. Following the sale, the director now directly owns 9,055 shares in the company, valued at approximately $1,360,604.30. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.17% of the stock is currently owned by corporate insiders.

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.