Nicola Wealth Management LTD. Has $3.36 Million Stock Holdings in Digital Realty Trust, Inc. (NYSE:DLR)

Nicola Wealth Management LTD. lifted its position in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 14.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 20,752 shares of the real estate investment trust’s stock after purchasing an additional 2,550 shares during the quarter. Nicola Wealth Management LTD.’s holdings in Digital Realty Trust were worth $3,358,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Meeder Asset Management Inc. bought a new stake in Digital Realty Trust in the 2nd quarter valued at $25,000. Gradient Investments LLC grew its stake in Digital Realty Trust by 75.2% in the 2nd quarter. Gradient Investments LLC now owns 177 shares of the real estate investment trust’s stock valued at $27,000 after buying an additional 76 shares during the last quarter. American Capital Advisory LLC acquired a new position in Digital Realty Trust in the 2nd quarter valued at about $27,000. Private Ocean LLC bought a new stake in Digital Realty Trust in the 2nd quarter valued at 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 Analyst Weigh In

A number of brokerages have recently weighed in on DLR. Raymond James upped their price target on shares of Digital Realty Trust from $170.00 to $190.00 and gave the stock a “strong-buy” rating in a report on Friday, October 25th. TD Cowen upped their price target on shares of Digital Realty Trust from $120.00 to $128.00 and gave the company a “hold” rating in a research report on Friday, October 25th. Jefferies Financial Group upped their price target on shares of Digital Realty Trust from $190.00 to $205.00 and gave the company a “buy” rating in a research 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. Finally, Royal Bank of Canada raised their price objective on shares of Digital Realty Trust from $177.00 to $207.00 and gave the company an “outperform” rating in a research note on Monday, October 28th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $169.47.

Digital Realty Trust Price Performance

DLR traded down $0.09 during trading on Thursday, reaching $178.04. 307,878 shares of the company traded hands, compared to its average volume of 1,851,114. 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, Inc. has a 12-month low of $130.00 and a 12-month high of $193.88. The firm has a fifty day simple moving average of $165.37 and a 200 day simple moving average of $154.35. The company has a market cap of $59.06 billion, a P/E ratio of 149.11, a PEG ratio of 4.80 and a beta of 0.59.

Digital Realty Trust (NYSE:DLR) last issued its quarterly earnings results on Thursday, October 24th. The real estate investment trust reported $0.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.67 by ($1.58). Digital Realty Trust had a return on equity of 2.24% and a net margin of 8.04%. The company had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.43 billion. During the same quarter in the prior year, the business earned $1.62 earnings per share. The firm’s quarterly revenue was up 2.1% compared to the same quarter last year. On average, equities analysts forecast that Digital Realty Trust, Inc. will post 6.71 EPS for the current year.

Digital Realty Trust Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Shareholders of record on Friday, December 13th will be issued a $1.22 dividend. The ex-dividend date is Friday, December 13th. This represents a $4.88 dividend on an annualized basis and a yield of 2.74%. Digital Realty Trust’s dividend payout ratio is presently 410.08%.

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.