TCW Group Inc. Buys 31,272 Shares of Digital Realty Trust, Inc. (NYSE:DLR)

TCW Group Inc. increased its position in Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 161.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 50,696 shares of the real estate investment trust's stock after purchasing an additional 31,272 shares during the quarter. TCW Group Inc.'s holdings in Digital Realty Trust were worth $8,204,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. TD Private Client Wealth LLC grew its holdings in shares of Digital Realty Trust by 6.6% during the third quarter. TD Private Client Wealth LLC now owns 1,087 shares of the real estate investment trust's stock worth $176,000 after buying an additional 67 shares in the last quarter. Toronto Dominion Bank lifted its position in shares of Digital Realty Trust by 34.8% in the third quarter. Toronto Dominion Bank now owns 155,154 shares of the real estate investment trust's stock valued at $25,109,000 after buying an additional 40,064 shares during the last quarter. Chiron Investment Management LLC increased its holdings in shares of Digital Realty Trust by 69.7% in the third quarter. Chiron Investment Management LLC now owns 8,266 shares of the real estate investment trust's stock valued at $1,338,000 after purchasing an additional 3,395 shares during the last quarter. Coldstream Capital Management Inc. increased its stake in shares of Digital Realty Trust by 10.8% during the third quarter. Coldstream Capital Management Inc. now owns 5,587 shares of the real estate investment trust's stock worth $912,000 after purchasing an additional 543 shares during the period. Finally, Prestige Wealth Management Group LLC increased its position in Digital Realty Trust by 3,056.0% during the third quarter. Prestige Wealth Management Group LLC now owns 4,229 shares of the real estate investment trust's stock worth $684,000 after acquiring an additional 4,095 shares during the period. Institutional investors own 99.71% of the company's stock.

Insider Buying and Selling at Digital Realty Trust

In other news, CFO Matt Mercier sold 2,518 shares of the company's stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $187.40, for a total transaction of $471,873.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.17% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

DLR has been the subject of a number of recent analyst reports. Hsbc Global Res raised shares of Digital Realty Trust from a "moderate sell" rating to a "hold" rating in a report on Friday, October 4th. TD Cowen increased their price target on Digital Realty Trust from $120.00 to $128.00 and gave the stock a "hold" rating in a report on Friday, October 25th. Barclays boosted their target price on shares of Digital Realty Trust from $135.00 to $142.00 and gave the stock an "underweight" rating in a research report on Monday, November 18th. Evercore ISI boosted their target price on Digital Realty Trust from $160.00 to $175.00 and gave the stock an "outperform" rating in a research note on Wednesday, October 23rd. Finally, Scotiabank lifted their price target 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. Two analysts have rated the stock with a sell rating, eight have given a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $171.68.

Digital Realty Trust Price Performance

Shares of Digital Realty Trust stock traded down $0.08 during trading on Thursday, hitting $187.14. 2,061,168 shares of the stock traded hands, compared to its average volume of 1,876,182. The stock has a market cap of $62.08 billion, a price-to-earnings ratio of 157.25, a PEG ratio of 5.11 and a beta of 0.62. The firm's fifty day moving average is $177.70 and its 200-day moving average is $160.85. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 0.81. Digital Realty Trust, Inc. has a 52 week low of $130.00 and a 52 week high of $198.00.

Digital Realty Trust (NYSE:DLR - Get Free Report) last announced its quarterly earnings data 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). The company had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.43 billion. Digital Realty Trust had a net margin of 8.04% and a return on equity of 2.24%. The firm's quarterly revenue was up 2.1% compared to the same quarter last year. During the same period last year, the business posted $1.62 earnings per share. Research analysts expect 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 paid a $1.22 dividend. This represents a $4.88 annualized dividend and a dividend yield of 2.61%. The ex-dividend date of this dividend is Friday, December 13th. Digital Realty Trust's payout ratio is 410.08%.

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.