Brooklyn Investment Group Buys 233 Shares of Digital Realty Trust, Inc. (NYSE:DLR)

Brooklyn Investment Group increased its position in Digital Realty Trust, Inc. (NYSE:DLR) by 16.0% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 1,686 shares of the real estate investment trust’s stock after purchasing an additional 233 shares during the period. Brooklyn Investment Group’s holdings in Digital Realty Trust were worth $273,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. D.A. Davidson & CO. grew its holdings in Digital Realty Trust by 3.8% in the 3rd quarter. D.A. Davidson & CO. now owns 30,754 shares of the real estate investment trust’s stock worth $4,977,000 after acquiring an additional 1,133 shares during the last quarter. Elios Financial Group Inc. bought a new stake in shares of Digital Realty Trust in the third quarter worth about $223,000. Dai ichi Life Insurance Company Ltd increased its holdings in Digital Realty Trust by 70.5% during the 3rd quarter. Dai ichi Life Insurance Company Ltd now owns 14,510 shares of the real estate investment trust’s stock valued at $2,348,000 after purchasing an additional 6,000 shares during the period. Private Trust Co. NA increased its holdings in Digital Realty Trust by 14.4% during the 3rd quarter. Private Trust Co. NA now owns 3,417 shares of the real estate investment trust’s stock valued at $553,000 after purchasing an additional 430 shares during the period. Finally, Vision Capital Corp raised its position in Digital Realty Trust by 17.0% during the 3rd quarter. Vision Capital Corp now owns 379,469 shares of the real estate investment trust’s stock valued at $61,409,000 after purchasing an additional 55,000 shares during the last quarter. 99.71% of the stock is currently owned by institutional investors.

Digital Realty Trust Stock Up 0.6 %

Shares of Digital Realty Trust stock opened at $193.95 on Wednesday. The company has a 50-day simple moving average of $170.93 and a two-hundred day simple moving average of $157.26. Digital Realty Trust, Inc. has a 52-week low of $130.00 and a 52-week high of $194.31. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.61 and a current ratio of 1.61. The stock has a market capitalization of $64.34 billion, a PE ratio of 162.98, a price-to-earnings-growth ratio of 5.12 and a beta of 0.59.

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 (EPS) for the quarter, missing the consensus estimate of $1.67 by ($1.58). The business had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.43 billion. Digital Realty Trust had a net margin of 8.04% and a return on equity of 2.24%. The business’s revenue was up 2.1% compared to the same quarter last year. During the same period last year, the company posted $1.62 earnings per share. On average, analysts anticipate that Digital Realty Trust, Inc. will post 6.71 EPS for the current fiscal year.

Digital Realty Trust Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Shareholders of record on Friday, December 13th will be paid a dividend of $1.22 per share. This represents a $4.88 annualized dividend and a yield of 2.52%. The ex-dividend date is Friday, December 13th. Digital Realty Trust’s dividend payout ratio is currently 410.08%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Evercore ISI boosted their target price on Digital Realty Trust from $160.00 to $175.00 and gave the company an “outperform” rating in a research note on Wednesday, October 23rd. 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. Jefferies Financial Group lifted their target price on shares of Digital Realty Trust from $190.00 to $205.00 and gave the company a “buy” rating in a research note on Friday, October 25th. Argus cut shares of Digital Realty Trust from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Finally, JPMorgan Chase & Co. raised their price objective on shares of Digital Realty Trust from $180.00 to $185.00 and gave the stock an “overweight” rating in a report on Friday, October 25th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Digital Realty Trust currently has a consensus rating of “Hold” and a consensus price target of $170.37.

About Digital Realty Trust

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.