Zevin Asset Management LLC Reduces Position in Digital Realty Trust, Inc. (NYSE:DLR)

Zevin Asset Management LLC lessened its holdings in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 0.3% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 72,127 shares of the real estate investment trust’s stock after selling 229 shares during the quarter. Digital Realty Trust accounts for 1.8% of Zevin Asset Management LLC’s portfolio, making the stock its 24th largest position. Zevin Asset Management LLC’s holdings in Digital Realty Trust were worth $11,672,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Bessemer Group Inc. lifted its holdings in shares of Digital Realty Trust by 102.1% in the 1st quarter. Bessemer Group Inc. now owns 19,528 shares of the real estate investment trust’s stock worth $2,813,000 after purchasing an additional 9,865 shares during the last quarter. Cetera Investment Advisers raised its position in shares of Digital Realty Trust by 295.5% during the first quarter. Cetera Investment Advisers now owns 31,665 shares of the real estate investment trust’s stock worth $4,561,000 after purchasing an additional 23,659 shares during the period. Cumberland Partners Ltd lifted its stake in Digital Realty Trust by 207.3% during the third quarter. Cumberland Partners Ltd now owns 46,595 shares of the real estate investment trust’s stock valued at $7,540,000 after buying an additional 31,430 shares in the last quarter. QRG Capital Management Inc. grew its position 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 purchasing an additional 25,399 shares in the last quarter. Finally, Choreo LLC raised its position in Digital Realty Trust by 86.8% during the second quarter. Choreo LLC now owns 8,782 shares of the real estate investment trust’s stock valued at $1,336,000 after buying an additional 4,081 shares during the period. Institutional investors own 99.71% of the company’s stock.

Digital Realty Trust Stock Performance

Shares of NYSE:DLR opened at $179.67 on Monday. The stock has a market capitalization of $59.60 billion, a price-to-earnings ratio of 150.98, a price-to-earnings-growth ratio of 4.77 and a beta of 0.59. The business’s fifty day moving average price is $166.56 and its two-hundred day moving average price is $155.01. Digital Realty Trust, Inc. has a fifty-two week low of $130.00 and a fifty-two week high of $193.88. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.61 and a quick ratio of 1.61.

Digital Realty Trust (NYSE:DLR) last announced 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). The firm 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 company’s revenue for the quarter was up 2.1% on a year-over-year basis. During the same period in the prior year, the business earned $1.62 earnings per share. As a group, analysts predict that Digital Realty Trust, Inc. will post 6.71 EPS for the current fiscal year.

Digital Realty Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 17th. Shareholders of record on Friday, December 13th will be given a $1.22 dividend. The ex-dividend date is Friday, December 13th. This represents a $4.88 annualized dividend and a yield of 2.72%. Digital Realty Trust’s payout ratio is 410.08%.

Analysts Set New Price Targets

A number of brokerages have issued reports on DLR. Wells Fargo & Company lifted their target price on shares of Digital Realty Trust from $175.00 to $185.00 and gave the company an “overweight” rating in a research note on Friday, October 25th. Raymond James boosted 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 report on Friday, October 25th. Jefferies Financial Group raised their price target on shares of Digital Realty Trust from $190.00 to $205.00 and gave the company a “buy” rating in a report on Friday, October 25th. Royal Bank of Canada upped their price objective on shares of Digital Realty Trust from $177.00 to $207.00 and gave the stock an “outperform” rating in a report on Monday, October 28th. Finally, Hsbc Global Res upgraded Digital Realty Trust from a “moderate sell” rating to a “hold” rating in a report on Friday, October 4th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $169.47.

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.