Prudential Financial Inc. increased its holdings in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 8.5% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 565,567 shares of the real estate investment trust’s stock after purchasing an additional 44,232 shares during the quarter. Prudential Financial Inc. owned 0.28% of Digital Realty Trust worth $66,924,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds have also bought and sold shares of the company. Amica Retiree Medical Trust acquired a new stake in Digital Realty Trust during the 3rd quarter worth approximately $102,000. Grove Bank & Trust increased its position in Digital Realty Trust by 1,284.6% during the 3rd quarter. Grove Bank & Trust now owns 900 shares of the real estate investment trust’s stock worth $106,000 after purchasing an additional 835 shares in the last quarter. Thompson Siegel & Walmsley LLC increased its position in Digital Realty Trust by 4,984.2% during the 3rd quarter. Thompson Siegel & Walmsley LLC now owns 966 shares of the real estate investment trust’s stock worth $114,000 after purchasing an additional 947 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its position in Digital Realty Trust by 50.9% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 973 shares of the real estate investment trust’s stock worth $110,000 after purchasing an additional 328 shares in the last quarter. Finally, Fieldpoint Private Securities LLC acquired a new stake in Digital Realty Trust during the 3rd quarter worth approximately $134,000. 98.31% of the stock is owned by hedge funds and other institutional investors.
A number of analysts recently issued reports on the stock. Citigroup reissued a “neutral” rating and set a $127.00 target price on shares of Digital Realty Trust in a research report on Tuesday, September 26th. KeyCorp restated a “buy” rating and issued a $130.00 price target on shares of Digital Realty Trust in a report on Tuesday, September 26th. Royal Bank of Canada upped their price target on Digital Realty Trust from $127.00 to $133.00 and gave the stock an “outperform” rating in a report on Wednesday, October 4th. ValuEngine upgraded Digital Realty Trust from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. Finally, Robert W. Baird restated a “neutral” rating and issued a $121.00 price target (up previously from $119.00) on shares of Digital Realty Trust in a report on Tuesday, October 10th. Eight research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $125.21.
Digital Realty Trust (NYSE:DLR) last released its earnings results on Wednesday, October 25th. The real estate investment trust reported $1.51 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 business’s revenue was up 11.6% on a year-over-year basis. During the same period in the prior year, the business posted $1.44 EPS. sell-side analysts anticipate that Digital Realty Trust, Inc. will post 6.1 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, January 12th. Stockholders of record on Friday, December 15th will be paid a dividend of $0.93 per share. This represents a $3.72 annualized dividend and a dividend yield of 3.31%. The ex-dividend date is Thursday, December 14th. Digital Realty Trust’s dividend payout ratio (DPR) is currently 302.44%.
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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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