KCM Investment Advisors LLC Acquires 490 Shares of Digital Realty Trust, Inc. (NYSE:DLR)

KCM Investment Advisors LLC increased its position in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 16.9% during the third quarter, HoldingsChannel.com reports. The fund owned 3,391 shares of the real estate investment trust’s stock after acquiring an additional 490 shares during the period. KCM Investment Advisors LLC’s holdings in Digital Realty Trust were worth $549,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Meeder Asset Management Inc. purchased a new stake in Digital Realty Trust in the 2nd quarter worth approximately $25,000. Gradient Investments LLC lifted 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 worth $27,000 after purchasing an additional 76 shares in the last quarter. American Capital Advisory LLC purchased a new stake in Digital Realty Trust in the 2nd quarter worth approximately $27,000. Private Ocean LLC purchased a new stake in Digital Realty Trust in the 2nd quarter worth approximately $27,000. Finally, Asset Dedication LLC purchased a new stake in Digital Realty Trust in the 2nd quarter worth approximately $31,000. 99.71% of the stock is currently owned by hedge funds and other institutional investors.

Digital Realty Trust Price Performance

Shares of Digital Realty Trust stock opened at $179.67 on Friday. The firm has a market cap of $59.60 billion, a PE ratio of 150.98, a price-to-earnings-growth ratio of 4.73 and a beta of 0.59. Digital Realty Trust, Inc. has a 12-month low of $130.00 and a 12-month high of $193.88. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 0.81. The company’s fifty day simple moving average is $166.56 and its two-hundred day simple moving average is $154.77.

Digital Realty Trust (NYSE:DLR) last announced 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). The firm had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.43 billion. Digital Realty Trust had a return on equity of 2.24% and a net margin of 8.04%. Digital Realty Trust’s revenue was up 2.1% on a year-over-year basis. During the same period last year, the business earned $1.62 EPS. As a group, equities analysts expect that Digital Realty Trust, Inc. will post 6.71 EPS for the current year.

Digital Realty Trust Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Stockholders of record on Friday, December 13th will be given a $1.22 dividend. The ex-dividend date is Friday, December 13th. This represents a $4.88 annualized dividend and a dividend yield of 2.72%. Digital Realty Trust’s dividend payout ratio is 410.08%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on DLR. JPMorgan Chase & Co. increased their price target 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. HSBC raised shares of Digital Realty Trust from a “reduce” rating to a “hold” rating and increased their price target for the stock from $124.00 to $160.00 in a report on Friday, October 4th. TD Cowen increased their price target on shares of Digital Realty Trust from $120.00 to $128.00 and gave the stock a “hold” rating in a report on Friday, October 25th. Scotiabank increased their price target on shares of Digital Realty Trust from $157.00 to $178.00 and gave the stock a “sector perform” rating in a report on Friday, October 25th. Finally, Evercore ISI increased their price target on shares of Digital Realty Trust from $160.00 to $175.00 and gave the stock an “outperform” rating in a report on Wednesday, October 23rd. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $169.47.

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.