Point72 Asset Management L.P. bought a new stake in shares of Digital Realty Trust, Inc. (NYSE:DLR – Free Report) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 821,726 shares of the real estate investment trust’s stock, valued at approximately $132,980,000. Point72 Asset Management L.P. owned 0.25% of Digital Realty Trust at the end of the most recent reporting period.
Other institutional investors also recently bought and sold shares of the company. Meeder Asset Management Inc. acquired a new position in shares of Digital Realty Trust in the second quarter worth $25,000. Gradient Investments LLC lifted its stake in Digital Realty Trust by 75.2% in the second quarter. Gradient Investments LLC now owns 177 shares of the real estate investment trust’s stock worth $27,000 after acquiring an additional 76 shares during the last quarter. American Capital Advisory LLC acquired a new position in Digital Realty Trust during the 2nd quarter worth approximately $27,000. Private Ocean LLC purchased a new position in Digital Realty Trust in the second quarter valued at $27,000. Finally, Asset Dedication LLC purchased a new stake in Digital Realty Trust during the 2nd quarter worth about $31,000. 99.71% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
Several brokerages have issued reports on DLR. Stifel Nicolaus raised their price objective on shares of Digital Realty Trust from $195.00 to $205.00 and gave the stock a “buy” rating in a research report on Thursday, November 21st. Scotiabank lifted their price target on Digital Realty Trust from $157.00 to $178.00 and gave the company a “sector perform” rating in a research note on Friday, October 25th. TD Cowen raised 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 note on Friday, October 25th. Wells Fargo & Company upped their price target on Digital Realty Trust from $175.00 to $185.00 and gave the stock an “overweight” rating in a report on Friday, October 25th. Finally, Hsbc Global Res upgraded Digital Realty Trust from a “moderate sell” rating to a “hold” rating in a research report on Friday, October 4th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $170.37.
Digital Realty Trust Trading Down 0.6 %
NYSE DLR opened at $191.05 on Wednesday. The company has a market cap of $63.37 billion, a P/E ratio of 160.55, a P/E/G ratio of 5.10 and a beta of 0.62. Digital Realty Trust, Inc. has a 12 month low of $130.00 and a 12 month high of $198.00. 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 company has a 50-day moving average of $174.34 and a 200-day moving average of $159.03.
Digital Realty Trust (NYSE:DLR – Get Free Report) last posted its quarterly earnings results on Thursday, October 24th. The real estate investment trust reported $0.09 earnings per share 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 for the quarter, compared to analysts’ expectations of $1.43 billion. During the same period in the prior year, the business earned $1.62 EPS. The business’s revenue for the quarter was up 2.1% on a year-over-year basis. As a group, equities analysts predict that Digital Realty Trust, Inc. will post 6.71 earnings per share for the current year.
Digital Realty Trust Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Friday, January 17th. Shareholders of record on Friday, December 13th will be given a dividend of $1.22 per share. This represents a $4.88 dividend on an annualized basis and a yield of 2.55%. The ex-dividend date is Friday, December 13th. Digital Realty Trust’s dividend payout ratio (DPR) is presently 410.08%.
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.
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