The Manufacturers Life Insurance Company Has $79.22 Million Stock Position in Digital Realty Trust, Inc. (NYSE:DLR)

The Manufacturers Life Insurance Company reduced its position in Digital Realty Trust, Inc. (NYSE:DLR) by 1.9% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 489,553 shares of the real estate investment trust’s stock after selling 9,277 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in Digital Realty Trust were worth $79,224,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Meeder Asset Management Inc. acquired a new stake in shares of Digital Realty Trust in the 2nd quarter valued at $25,000. Gradient Investments LLC boosted its stake in shares of Digital Realty Trust by 75.2% during the 2nd quarter. Gradient Investments LLC now owns 177 shares of the real estate investment trust’s stock worth $27,000 after acquiring an additional 76 shares in the last quarter. American Capital Advisory LLC acquired a new position in shares of Digital Realty Trust during the 2nd quarter valued at about $27,000. Private Ocean LLC bought a new position in shares of Digital Realty Trust in the 2nd quarter valued at approximately $27,000. Finally, Asset Dedication LLC acquired a new stake in Digital Realty Trust in the 2nd quarter worth approximately $31,000. 99.71% of the stock is owned by hedge funds and other institutional investors.

Digital Realty Trust Price Performance

NYSE:DLR opened at $195.31 on Thursday. The company has a market capitalization of $64.79 billion, a price-to-earnings ratio of 164.13, a PEG ratio of 5.12 and a beta of 0.59. The company has a 50-day moving average of $171.67 and a 200-day moving average of $157.53. Digital Realty Trust, Inc. has a 52 week low of $130.00 and a 52 week high of $195.93. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.61 and a current ratio of 1.61.

Digital Realty Trust (NYSE:DLR) last released its quarterly earnings data on Thursday, October 24th. The real estate investment trust reported $0.09 earnings per share for the quarter, missing analysts’ consensus estimates 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 company had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.43 billion. During the same period in the previous year, the firm posted $1.62 earnings per share. The firm’s revenue for the quarter was up 2.1% compared to the same quarter last year. As a group, equities research analysts anticipate that Digital Realty Trust, Inc. will post 6.71 earnings per share for the current fiscal year.

Digital Realty Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 17th. Shareholders of record on Friday, December 13th will be issued a dividend of $1.22 per share. The ex-dividend date is Friday, December 13th. This represents a $4.88 dividend on an annualized basis and a dividend yield of 2.50%. Digital Realty Trust’s payout ratio is presently 410.08%.

Analysts Set New Price Targets

DLR has been the topic of several analyst reports. Raymond James increased their price target on Digital Realty Trust from $170.00 to $190.00 and gave the company a “strong-buy” rating in a report on Friday, October 25th. Hsbc Global Res upgraded shares of Digital Realty Trust from a “moderate sell” rating to a “hold” rating in a report on Friday, October 4th. Argus cut shares of Digital Realty Trust from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Scotiabank raised their price target 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. Finally, Wells Fargo & Company boosted their price objective 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 research analysts have rated the stock with a sell rating, nine have issued a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average 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.