Makena Capital Management LLC Has $8.81 Million Position in Digital Realty Trust, Inc. (NYSE:DLR)

Makena Capital Management LLC decreased its position in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 3.2% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 54,413 shares of the real estate investment trust’s stock after selling 1,812 shares during the quarter. Makena Capital Management LLC’s holdings in Digital Realty Trust were worth $8,806,000 as of its most recent SEC filing.

Several 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 shares of Digital Realty Trust during the 2nd quarter valued at $25,000. Gradient Investments LLC increased its position in shares of 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 in the last quarter. American Capital Advisory LLC bought a new stake in shares of Digital Realty Trust in the second quarter worth about $27,000. Private Ocean LLC bought a new stake in Digital Realty Trust during the 2nd quarter worth approximately $27,000. Finally, Asset Dedication LLC acquired a new position in shares of Digital Realty Trust in the second quarter valued at approximately $31,000. 99.71% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. TD Cowen boosted their price objective 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. JPMorgan Chase & Co. upped their price objective on Digital Realty Trust from $180.00 to $185.00 and gave the stock an “overweight” rating in a research report on Friday, October 25th. Scotiabank lifted their target price 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. Royal Bank of Canada upped their price target on Digital Realty Trust from $177.00 to $207.00 and gave the stock an “outperform” rating in a research report on Monday, October 28th. Finally, Evercore ISI lifted their price objective on shares of Digital Realty Trust from $160.00 to $175.00 and gave the company an “outperform” rating in a report on Wednesday, October 23rd. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Digital Realty Trust has an average rating of “Hold” and a consensus target price of $169.84.

Digital Realty Trust Price Performance

Shares of DLR opened at $185.91 on Thursday. Digital Realty Trust, Inc. has a fifty-two week low of $130.00 and a fifty-two week high of $193.88. The firm has a market capitalization of $61.67 billion, a PE ratio of 156.23, a PEG ratio of 4.97 and a beta of 0.59. The company’s 50-day moving average is $168.40 and its 200-day moving average is $155.81. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.61 and a quick ratio of 1.61.

Digital Realty Trust (NYSE:DLR) last released 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 return on equity of 2.24% and a net margin of 8.04%. The firm 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 business posted $1.62 earnings per share. The business’s revenue for the quarter was up 2.1% on a year-over-year basis. Equities analysts forecast that Digital Realty Trust, Inc. will post 6.71 EPS for the current year.

Digital Realty Trust Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 17th. Investors of record on Friday, December 13th will be paid a $1.22 dividend. This represents a $4.88 annualized dividend and a dividend yield of 2.62%. The ex-dividend date of this dividend is Friday, December 13th. Digital Realty Trust’s dividend payout ratio (DPR) is currently 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.