Bamco Inc. NY Has $96.08 Million Stock Position in Digital Realty Trust, Inc. (NYSE:DLR)

Bamco Inc. NY raised its stake in Digital Realty Trust, Inc. (NYSE:DLR) by 1.9% in the 3rd quarter, HoldingsChannel reports. The fund owned 593,707 shares of the real estate investment trust’s stock after buying an additional 11,103 shares during the quarter. Bamco Inc. NY’s holdings in Digital Realty Trust were worth $96,080,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of DLR. Meeder Asset Management Inc. acquired a new stake in shares of Digital Realty Trust in the second quarter valued at approximately $25,000. American Capital Advisory LLC acquired a new stake in shares of Digital Realty Trust in the 2nd quarter valued at $27,000. Private Ocean LLC bought a new stake in shares of Digital Realty Trust during the second quarter worth $27,000. Gradient Investments LLC lifted its stake in shares of Digital Realty Trust by 75.2% during the second quarter. Gradient Investments LLC now owns 177 shares of the real estate investment trust’s stock valued at $27,000 after acquiring an additional 76 shares during the period. Finally, Adirondack Trust Co. boosted its holdings in Digital Realty Trust by 68.6% in the third quarter. Adirondack Trust Co. now owns 199 shares of the real estate investment trust’s stock valued at $32,000 after acquiring an additional 81 shares during the last quarter. 99.71% of the stock is owned by institutional investors.

Digital Realty Trust Stock Up 0.2 %

Digital Realty Trust stock opened at $195.69 on Monday. The company has a 50 day moving average of $173.14 and a 200-day moving average of $158.36. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 0.81. Digital Realty Trust, Inc. has a twelve month low of $130.00 and a twelve month high of $198.00. The stock has a market capitalization of $64.91 billion, a PE ratio of 164.45, a price-to-earnings-growth ratio of 5.19 and a beta of 0.59.

Digital Realty Trust (NYSE:DLR) last released its 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 for 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 for the quarter was up 2.1% on a year-over-year basis. During the same quarter last year, the company posted $1.62 EPS. On average, equities research analysts anticipate that Digital Realty Trust, Inc. will post 6.71 EPS for the current fiscal year.

Digital Realty Trust Announces Dividend

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 2.49%. The ex-dividend date of this dividend is Friday, December 13th. Digital Realty Trust’s dividend payout ratio (DPR) is currently 410.08%.

Wall Street Analysts Forecast Growth

DLR has been the subject of several recent research reports. Royal Bank of Canada boosted their price objective on Digital Realty Trust from $177.00 to $207.00 and gave the stock an “outperform” rating in a report on Monday, October 28th. Wells Fargo & Company increased their price objective on shares of Digital Realty Trust from $175.00 to $185.00 and gave the company an “overweight” rating in a report on Friday, October 25th. Raymond James lifted their target price 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. Hsbc Global Res raised Digital Realty Trust from a “moderate sell” rating to a “hold” rating in a research note on Friday, October 4th. Finally, Scotiabank lifted their price objective on Digital Realty Trust from $157.00 to $178.00 and gave the stock a “sector perform” rating in a research note on Friday, October 25th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $170.37.

Digital Realty Trust Company 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.