AMP Capital Investors Ltd raised its holdings in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 98.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 257,684 shares of the real estate investment trust’s stock after purchasing an additional 127,797 shares during the quarter. AMP Capital Investors Ltd owned 0.16% of Digital Realty Trust worth $30,491,000 at the end of the most recent reporting period.
Other large investors have also added to or reduced their stakes in the company. Amica Retiree Medical Trust bought a new stake in shares of Digital Realty Trust in the third quarter valued at about $102,000. Grove Bank & Trust grew its stake in Digital Realty Trust by 1,284.6% in the third quarter. Grove Bank & Trust now owns 900 shares of the real estate investment trust’s stock valued at $106,000 after purchasing an additional 835 shares during the last quarter. Thompson Siegel & Walmsley LLC grew its stake in Digital Realty Trust by 4,984.2% in the third quarter. Thompson Siegel & Walmsley LLC now owns 966 shares of the real estate investment trust’s stock valued at $114,000 after purchasing an additional 947 shares during the last quarter. Parallel Advisors LLC grew its stake in Digital Realty Trust by 18.0% in the second quarter. Parallel Advisors LLC now owns 972 shares of the real estate investment trust’s stock valued at $112,000 after purchasing an additional 148 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. grew its stake in Digital Realty Trust by 50.9% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 973 shares of the real estate investment trust’s stock valued at $110,000 after purchasing an additional 328 shares during the last quarter. Institutional investors and hedge funds own 98.31% of the company’s stock.
Several equities analysts have issued reports on the company. ValuEngine lowered Digital Realty Trust from a “buy” rating to a “hold” rating in a research note on Wednesday, October 18th. Deutsche Bank boosted their price target on Digital Realty Trust from $111.00 to $130.00 and gave the stock a “hold” rating in a research note on Thursday, October 26th. Zacks Investment Research lowered Digital Realty Trust from a “buy” rating to a “hold” rating in a research note on Wednesday, October 25th. Stifel Nicolaus reaffirmed a “hold” rating and set a $117.00 target price on shares of Digital Realty Trust in a report on Thursday, September 14th. Finally, Barclays reaffirmed a “buy” rating and set a $132.00 target price on shares of Digital Realty Trust in a report on Friday, September 8th. Nine research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $125.21.
Digital Realty Trust (NYSE:DLR) last issued its earnings results on Wednesday, October 25th. The real estate investment trust reported $1.51 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.40 by $1.11. The company had revenue of $609.90 million during the quarter, compared to analysts’ expectations of $595.49 million. Digital Realty Trust had a return on equity of 5.15% and a net margin of 11.71%. The firm’s quarterly revenue was up 11.6% on a year-over-year basis. During the same period in the prior year, the business earned $1.44 EPS. sell-side analysts predict that Digital Realty Trust, Inc. will post 6.1 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, January 12th. Stockholders of record on Friday, December 15th will be issued a dividend of $0.93 per share. This represents a $3.72 dividend on an annualized basis and a dividend yield of 3.27%. The ex-dividend date of this dividend is Thursday, December 14th. Digital Realty Trust’s dividend payout ratio is presently 300.00%.
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Digital Realty Trust Company Profile
Digital Realty Trust, Inc is a real estate investment trust (REIT). The Company is engaged in the business of owning, acquiring, developing and operating data centers. The Company is focused on providing data center and colocation solutions for domestic and international tenants across a range of industry verticals ranging from financial services, cloud and information technology services, to manufacturing, energy, healthcare and consumer products.
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