Huntington National Bank Increases Stock Position in Digital Realty Trust, Inc. (NYSE:DLR)

Huntington National Bank lifted its holdings in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 46.0% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 39,306 shares of the real estate investment trust’s stock after purchasing an additional 12,385 shares during the period. Huntington National Bank’s holdings in Digital Realty Trust were worth $6,361,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of DLR. Meeder Asset Management Inc. acquired a new stake in Digital Realty Trust during the 2nd quarter valued at $25,000. Gradient Investments LLC lifted its position in shares of Digital Realty Trust by 75.2% in the second quarter. Gradient Investments LLC now owns 177 shares of the real estate investment trust’s stock valued at $27,000 after acquiring an additional 76 shares in the last quarter. American Capital Advisory LLC purchased a new stake in shares of Digital Realty Trust in the second quarter valued at $27,000. Private Ocean LLC acquired a new stake in shares of Digital Realty Trust during the second quarter valued at $27,000. Finally, Asset Dedication LLC purchased a new stake in Digital Realty Trust during the 2nd quarter worth about $31,000. 99.71% of the stock is currently owned by institutional investors and hedge funds.

Digital Realty Trust Trading Up 0.0 %

Shares of DLR opened at $178.17 on Friday. Digital Realty Trust, Inc. has a 12 month low of $130.00 and a 12 month high of $193.88. The stock’s 50-day moving average is $165.37 and its two-hundred day moving average is $154.35. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.61 and a quick ratio of 1.61. The stock has a market cap of $59.10 billion, a PE ratio of 149.72, a P/E/G ratio of 4.80 and a beta of 0.59.

Digital Realty Trust (NYSE:DLR) last released 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). 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 for the quarter, compared to analyst estimates of $1.43 billion. During the same period last year, the firm posted $1.62 earnings per share. The business’s revenue was up 2.1% on a year-over-year basis. Equities analysts forecast that Digital Realty Trust, Inc. will post 6.71 earnings per share for the current fiscal year.

Digital Realty Trust Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 17th. Investors of record on Friday, December 13th will be paid a dividend of $1.22 per share. This represents a $4.88 annualized dividend and a yield of 2.74%. The ex-dividend date of this dividend is Friday, December 13th. Digital Realty Trust’s dividend payout ratio (DPR) is 410.08%.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. TD Cowen upped their target price on shares of Digital Realty Trust from $120.00 to $128.00 and gave the company a “hold” rating in a report on Friday, October 25th. Argus downgraded shares of Digital Realty Trust from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. 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. Jefferies Financial Group increased their price target on Digital Realty Trust from $190.00 to $205.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. Finally, Scotiabank lifted their price objective on Digital Realty Trust from $157.00 to $178.00 and gave the company a “sector perform” rating in a research report on Friday, October 25th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $169.47.

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.