Digital Realty Trust, Inc. (NYSE:DLR) Shares Bought by Assetmark Inc.

Assetmark Inc. lifted its holdings in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 7.5% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,644 shares of the real estate investment trust’s stock after buying an additional 255 shares during the period. Assetmark Inc.’s holdings in Digital Realty Trust were worth $590,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Bessemer Group Inc. raised its stake in shares of Digital Realty Trust by 102.1% during the 1st quarter. Bessemer Group Inc. now owns 19,528 shares of the real estate investment trust’s stock worth $2,813,000 after buying an additional 9,865 shares in the last quarter. Cetera Investment Advisers raised its stake in shares of Digital Realty Trust by 295.5% during the 1st quarter. Cetera Investment Advisers now owns 31,665 shares of the real estate investment trust’s stock worth $4,561,000 after buying an additional 23,659 shares in the last quarter. QRG Capital Management Inc. raised its stake in shares of 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 buying an additional 25,399 shares in the last quarter. Choreo LLC raised its stake in shares of Digital Realty Trust by 86.8% during the 2nd quarter. Choreo LLC now owns 8,782 shares of the real estate investment trust’s stock worth $1,336,000 after buying an additional 4,081 shares in the last quarter. Finally, Sei Investments Co. increased its stake in Digital Realty Trust by 11.2% in the 2nd quarter. Sei Investments Co. now owns 1,465,876 shares of the real estate investment trust’s stock valued at $222,886,000 after purchasing an additional 147,689 shares in the last quarter. 99.71% of the stock is owned by hedge funds and other institutional investors.

Digital Realty Trust Trading Up 0.8 %

NYSE:DLR opened at $179.67 on Friday. 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 business’s 50-day moving average is $165.93 and its two-hundred day moving average is $154.52. Digital Realty Trust, Inc. has a 12 month low of $130.00 and a 12 month high of $193.88. The firm has a market capitalization of $59.60 billion, a PE ratio of 150.03, a price-to-earnings-growth ratio of 4.73 and a beta of 0.59.

Digital Realty Trust (NYSE:DLR) last issued its earnings results on Thursday, October 24th. The real estate investment trust reported $0.09 EPS 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 during the quarter, compared to analyst estimates of $1.43 billion. During the same quarter in the previous year, the firm earned $1.62 earnings per share. The business’s revenue was up 2.1% on a year-over-year basis. Research analysts predict that Digital Realty Trust, Inc. will post 6.71 earnings per share 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. Stockholders of record on Friday, December 13th will be given a dividend of $1.22 per share. The ex-dividend date is Friday, December 13th. This represents a $4.88 annualized dividend and a dividend yield of 2.72%. Digital Realty Trust’s dividend payout ratio is presently 410.08%.

Analyst Ratings Changes

Several equities analysts recently weighed in on DLR shares. Raymond James raised their price objective on Digital Realty Trust from $170.00 to $190.00 and gave the company a “strong-buy” rating in a research note on Friday, October 25th. JPMorgan Chase & Co. raised their price objective on Digital Realty Trust from $180.00 to $185.00 and gave the company an “overweight” rating in a research note on Friday, October 25th. Wells Fargo & Company raised their price objective on Digital Realty Trust from $175.00 to $185.00 and gave the company an “overweight” rating in a research note on Friday, October 25th. TD Cowen raised their price objective on Digital Realty Trust from $120.00 to $128.00 and gave the company a “hold” rating in a research note on Friday, October 25th. Finally, Scotiabank raised their price target on Digital Realty Trust from $157.00 to $178.00 and gave the stock a “sector perform” rating in a research report on Friday, October 25th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus 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.