Digital Realty Trust, Inc. (NYSE:DLR) Shares Bought by Tabor Asset Management LP

Tabor Asset Management LP grew its holdings in shares of Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 57.7% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 22,337 shares of the real estate investment trust's stock after buying an additional 8,177 shares during the period. Digital Realty Trust accounts for about 1.7% of Tabor Asset Management LP's holdings, making the stock its 25th largest holding. Tabor Asset Management LP's holdings in Digital Realty Trust were worth $3,615,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Rockefeller Capital Management L.P. lifted its holdings in Digital Realty Trust by 6.4% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 381,001 shares of the real estate investment trust's stock worth $61,643,000 after buying an additional 23,028 shares during the last quarter. Cumberland Partners Ltd lifted its holdings in Digital Realty Trust by 207.3% during the 3rd quarter. Cumberland Partners Ltd now owns 46,595 shares of the real estate investment trust's stock worth $7,540,000 after buying an additional 31,430 shares during the last quarter. Cetera Investment Advisers lifted its holdings in Digital Realty Trust by 295.5% during the 1st quarter. Cetera Investment Advisers now owns 31,665 shares of the real estate investment trust's stock worth $4,561,000 after buying an additional 23,659 shares during the last quarter. QRG Capital Management Inc. lifted its holdings in Digital Realty Trust by 652.4% during the 2nd quarter. QRG Capital Management Inc. now owns 29,292 shares of the real estate investment trust's stock worth $4,454,000 after buying an additional 25,399 shares during the last quarter. Finally, Choreo LLC lifted its holdings in Digital Realty Trust by 86.8% during the 2nd quarter. Choreo LLC now owns 8,782 shares of the real estate investment trust's stock worth $1,336,000 after buying an additional 4,081 shares during the last quarter. 99.71% of the stock is owned by hedge funds and other institutional investors.

Digital Realty Trust Price Performance

Shares of NYSE:DLR traded up $1.11 during trading on Friday, hitting $192.19. 1,348,697 shares of the stock were exchanged, compared to its average volume of 1,870,474. The company has a fifty day moving average price of $175.48 and a two-hundred day moving average price of $159.47. The company has a market cap of $63.75 billion, a PE ratio of 161.14, a P/E/G ratio of 5.07 and a beta of 0.62. The company has a current ratio of 1.61, a quick ratio of 1.61 and a debt-to-equity ratio of 0.81. Digital Realty Trust, Inc. has a 12-month low of $130.00 and a 12-month high of $198.00.

Digital Realty Trust (NYSE:DLR - Get Free Report) last announced its quarterly earnings results on Thursday, October 24th. The real estate investment trust reported $0.09 EPS for the quarter, missing the consensus estimate of $1.67 by ($1.58). The firm had revenue of $1.43 billion for the quarter, compared to analysts' expectations of $1.43 billion. Digital Realty Trust had a return on equity of 2.24% and a net margin of 8.04%. Digital Realty Trust's revenue was up 2.1% compared to the same quarter last year. During the same period last year, the firm earned $1.62 EPS. On average, analysts forecast that Digital Realty Trust, Inc. will post 6.71 EPS for the current year.

Digital Realty Trust Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Investors of record on Friday, December 13th will be paid a $1.22 dividend. This represents a $4.88 dividend on an annualized basis and a yield of 2.54%. The ex-dividend date is Friday, December 13th. Digital Realty Trust's payout ratio is currently 410.08%.

Analysts Set New Price Targets

A number of research firms have recently commented on DLR. Raymond James lifted their target price on Digital Realty Trust from $170.00 to $190.00 and gave the stock a "strong-buy" rating in a research report on Friday, October 25th. Jefferies Financial Group lifted their target price on Digital Realty Trust from $190.00 to $205.00 and gave the stock a "buy" rating in a research report on Friday, October 25th. Evercore ISI lifted their target price on Digital Realty Trust from $160.00 to $175.00 and gave the stock an "outperform" rating in a research report on Wednesday, October 23rd. TD Cowen lifted their target price on Digital Realty Trust from $120.00 to $128.00 and gave the stock a "hold" rating in a research report on Friday, October 25th. Finally, Wells Fargo & Company lifted their target price on Digital Realty Trust from $175.00 to $185.00 and gave the stock an "overweight" rating in a research report on Friday, October 25th. Two analysts have rated the stock with a sell rating, nine have given a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $170.37.

Digital Realty Trust 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.