Digital Realty Trust, Inc. (NYSE:DLR) Shares Purchased by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. raised its stake in Digital Realty Trust, Inc. (NYSE:DLR) by 20.1% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 52,546 shares of the real estate investment trust’s stock after acquiring an additional 8,806 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Digital Realty Trust were worth $8,504,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the stock. Meeder Asset Management Inc. acquired a new position in Digital Realty Trust during the 2nd quarter valued at approximately $25,000. Gradient Investments LLC boosted its holdings in shares of Digital Realty Trust by 75.2% during 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 during the period. American Capital Advisory LLC bought a new position in shares of Digital Realty Trust during the second quarter worth about $27,000. Private Ocean LLC acquired a new stake in shares of Digital Realty Trust in the 2nd quarter worth about $27,000. Finally, Asset Dedication LLC bought a new stake in Digital Realty Trust in the 2nd quarter valued at about $31,000. 99.71% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have commented on DLR shares. Stifel Nicolaus restated a “buy” rating and issued a $195.00 target price (up previously from $185.00) on shares of Digital Realty Trust in a research report on Friday. HSBC upgraded Digital Realty Trust from a “reduce” rating to a “hold” rating and raised their target price for the company from $124.00 to $160.00 in a research report on Friday, October 4th. Barclays boosted their price target on Digital Realty Trust from $130.00 to $135.00 and gave the stock an “underweight” rating in a research report on Thursday, October 10th. Evercore ISI raised their price target on Digital Realty Trust from $160.00 to $175.00 and gave the company an “outperform” rating in a report on Wednesday, October 23rd. Finally, Mizuho assumed coverage on shares of Digital Realty Trust in a report on Thursday, July 11th. They issued an “outperform” rating and a $170.00 price objective for the company. Two 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 stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $165.21.

Digital Realty Trust Price Performance

NYSE DLR opened at $181.01 on Monday. The stock has a market capitalization of $56.55 billion, a P/E ratio of 50.28, a P/E/G ratio of 5.08 and a beta of 0.60. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.78 and a current ratio of 1.78. The business’s fifty day moving average is $157.70 and its two-hundred day moving average is $150.74. Digital Realty Trust, Inc. has a 1 year low of $116.73 and a 1 year high of $193.88.

Digital Realty Trust (NYSE:DLR) last announced its 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). The company had revenue of $1.43 billion for the quarter, compared to analysts’ expectations of $1.43 billion. Digital Realty Trust had a net margin of 20.58% and a return on equity of 5.93%. 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 company earned $1.62 earnings per share. On average, research analysts forecast that Digital Realty Trust, Inc. will post 6.65 earnings per share for the current fiscal year.

Digital Realty Trust Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, September 13th were given a $1.22 dividend. This represents a $4.88 annualized dividend and a dividend yield of 2.70%. The ex-dividend date was Friday, September 13th. Digital Realty Trust’s dividend payout ratio (DPR) is currently 135.56%.

Insider Activity

In related news, Director Jean F. H. P. Mandeville sold 600 shares of the firm’s stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $150.26, for a total value of $90,156.00. Following the completion of the transaction, the director now owns 9,055 shares of the company’s stock, valued at approximately $1,360,604.30. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.17% of the stock is owned by company insiders.

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.