Private Trust Co. NA Boosts Holdings in Digital Realty Trust, Inc. (NYSE:DLR)

Private Trust Co. NA lifted its position in Digital Realty Trust, Inc. (NYSE:DLR) by 14.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,417 shares of the real estate investment trust’s stock after acquiring an additional 430 shares during the quarter. Private Trust Co. NA’s holdings in Digital Realty Trust were worth $553,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in DLR. Daiwa Securities Group Inc. grew its holdings in shares of Digital Realty Trust by 2.5% in the third quarter. Daiwa Securities Group Inc. now owns 4,843,432 shares of the real estate investment trust’s stock worth $783,812,000 after purchasing an additional 117,461 shares during the last quarter. Canada Pension Plan Investment Board boosted its holdings in shares of Digital Realty Trust by 3.1% in the second quarter. Canada Pension Plan Investment Board now owns 4,826,432 shares of the real estate investment trust’s stock valued at $733,859,000 after purchasing an additional 146,183 shares during the period. Legal & General Group Plc grew its stake in Digital Realty Trust by 2.8% in the second quarter. Legal & General Group Plc now owns 4,730,168 shares of the real estate investment trust’s stock worth $719,222,000 after purchasing an additional 129,799 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in Digital Realty Trust by 5.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 4,541,327 shares of the real estate investment trust’s stock worth $690,498,000 after purchasing an additional 228,585 shares during the period. Finally, Bank of New York Mellon Corp raised its position in Digital Realty Trust by 2.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 2,351,319 shares of the real estate investment trust’s stock valued at $357,518,000 after purchasing an additional 60,821 shares in the last quarter. 99.71% of the stock is currently owned by institutional investors.

Digital Realty Trust Price Performance

Shares of DLR opened at $193.95 on Wednesday. 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 company’s fifty day moving average price is $170.93 and its 200-day moving average price is $157.26. Digital Realty Trust, Inc. has a 1-year low of $130.00 and a 1-year high of $194.31. The firm has a market capitalization of $64.34 billion, a PE ratio of 162.98, a price-to-earnings-growth ratio of 5.04 and a beta of 0.59.

Digital Realty Trust (NYSE:DLR) last posted its quarterly earnings results on Thursday, October 24th. The real estate investment trust reported $0.09 earnings per share 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 firm 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 firm posted $1.62 EPS. The firm’s revenue for the quarter was up 2.1% compared to the same quarter last year. On average, equities research analysts predict that Digital Realty Trust, Inc. will post 6.71 EPS for the current year.

Digital Realty Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 17th. Stockholders of record on Friday, December 13th will be issued a $1.22 dividend. This represents a $4.88 annualized dividend and a dividend yield of 2.52%. The ex-dividend date is Friday, December 13th. Digital Realty Trust’s dividend payout ratio (DPR) is currently 410.08%.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. Stifel Nicolaus increased their price target on Digital Realty Trust from $195.00 to $205.00 and gave the stock a “buy” rating in a research report on Thursday, November 21st. Scotiabank raised their target price on shares of 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. Evercore ISI upped their price target on shares of Digital Realty Trust from $160.00 to $175.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 23rd. Argus lowered shares of Digital Realty Trust from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Finally, Wells Fargo & Company upped their target price on Digital Realty Trust from $175.00 to $185.00 and gave the stock an “overweight” rating in a report on Friday, October 25th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $170.37.

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.