Robeco Institutional Asset Management B.V. increased its holdings in Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 16.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 27,525 shares of the real estate investment trust's stock after purchasing an additional 3,923 shares during the quarter. Robeco Institutional Asset Management B.V.'s holdings in Digital Realty Trust were worth $4,454,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Pathway Financial Advisers LLC raised 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 acquiring an additional 1,838,278 shares during the period. Massachusetts Financial Services Co. MA increased its stake in shares of Digital Realty Trust by 543.6% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 1,447,340 shares of the real estate investment trust's stock worth $220,068,000 after acquiring an additional 1,773,591 shares during the last quarter. Vanguard Group Inc. increased its stake in 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 worth $6,986,458,000 after purchasing an additional 951,567 shares during the period. Wulff Hansen & CO. lifted its stake 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 purchasing an additional 790,596 shares during the last quarter. Finally, Electron Capital Partners LLC raised its stake in shares of Digital Realty Trust by 220.7% during 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 purchasing an additional 716,816 shares during the last quarter. Institutional investors own 99.71% of the company's stock.
Analysts Set New Price Targets
A number of equities analysts have issued reports on DLR shares. Royal Bank of Canada upped their target price on Digital Realty Trust from $177.00 to $207.00 and gave the company an "outperform" rating in a research report on Monday, October 28th. Stifel Nicolaus reaffirmed a "buy" rating and set a $195.00 price objective (up previously from $185.00) on shares of Digital Realty Trust in a report on Friday, October 25th. Jefferies Financial Group upped their price target on shares of Digital Realty Trust from $190.00 to $205.00 and gave the stock a "buy" rating in a research report on Friday, October 25th. JPMorgan Chase & Co. upped 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. Finally, Argus lowered shares of Digital Realty Trust from a "buy" rating to a "hold" rating in a research note on Thursday, August 1st. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $167.68.
Read Our Latest Analysis on DLR
Digital Realty Trust Price Performance
Shares of NYSE DLR traded up $3.51 during trading hours on Friday, hitting $181.98. 2,229,733 shares of the stock were exchanged, compared to its average volume of 1,985,581. The company's fifty day simple moving average is $163.54 and its two-hundred day simple moving average is $153.43. Digital Realty Trust, Inc. has a 1-year low of $126.22 and a 1-year high of $193.88. The company has a market cap of $60.36 billion, a PE ratio of 152.92, a price-to-earnings-growth ratio of 5.58 and a beta of 0.59. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.78 and a current ratio of 1.61.
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 the consensus estimate 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 business had revenue of $1.43 billion for the quarter, compared to analysts' expectations of $1.43 billion. During the same quarter in the previous year, the company earned $1.62 earnings per share. The business's quarterly revenue was up 2.1% on a year-over-year basis. On average, sell-side analysts predict that Digital Realty Trust, Inc. will post 6.7 EPS for the current year.
Digital Realty Trust Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 17th. Shareholders 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 yield of 2.68%. Digital Realty Trust's payout ratio is currently 410.08%.
Digital Realty Trust Company Profile
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Free Report)
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.
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