Impax Asset Management Group plc Invests $1.08 Million in Digital Realty Trust, Inc. (NYSE:DLR)

Impax Asset Management Group plc acquired a new stake in Digital Realty Trust, Inc. (NYSE:DLR) during the 3rd quarter, Holdings Channel.com reports. The firm acquired 6,686 shares of the real estate investment trust’s stock, valued at approximately $1,082,000.

Several other hedge funds have also recently bought and sold shares of the company. Bessemer Group Inc. increased its stake in Digital Realty Trust by 102.1% during the first quarter. Bessemer Group Inc. now owns 19,528 shares of the real estate investment trust’s stock worth $2,813,000 after purchasing an additional 9,865 shares during the period. Cetera Investment Advisers lifted its holdings in Digital Realty Trust by 295.5% during the 1st quarter. Cetera Investment Advisers now owns 31,665 shares of the real estate investment trust’s stock worth $4,561,000 after buying an additional 23,659 shares in the last quarter. Cumberland Partners Ltd grew its stake in shares of Digital Realty Trust by 207.3% in the third quarter. Cumberland Partners Ltd now owns 46,595 shares of the real estate investment trust’s stock worth $7,540,000 after acquiring an additional 31,430 shares in the last quarter. QRG Capital Management Inc. raised its stake in shares of Digital Realty Trust by 652.4% in the second quarter. QRG Capital Management Inc. now owns 29,292 shares of the real estate investment trust’s stock valued at $4,454,000 after acquiring an additional 25,399 shares in the last quarter. Finally, Choreo LLC boosted its holdings in Digital Realty Trust by 86.8% in the second quarter. Choreo LLC now owns 8,782 shares of the real estate investment trust’s stock valued at $1,336,000 after purchasing an additional 4,081 shares during the period. Institutional investors and hedge funds own 99.71% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. Hsbc Global Res raised Digital Realty Trust from a “moderate sell” rating to a “hold” rating in a research report on Friday, October 4th. Scotiabank raised their price objective on shares of Digital Realty Trust from $157.00 to $178.00 and gave the company a “sector perform” rating in a report on Friday, October 25th. Wells Fargo & Company boosted their target price on shares of Digital Realty Trust from $175.00 to $185.00 and gave the stock an “overweight” rating in a research note on Friday, October 25th. Barclays raised their price target on Digital Realty Trust from $130.00 to $135.00 and gave the company an “underweight” rating in a research note on Thursday, October 10th. Finally, Raymond James upped their price objective on Digital Realty Trust from $170.00 to $190.00 and gave the stock a “strong-buy” rating in a research report on Friday, October 25th. Two 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’s stock. According to MarketBeat, Digital Realty Trust has an average rating of “Hold” and an average price target of $169.47.

Digital Realty Trust Price Performance

Shares of NYSE:DLR opened at $179.67 on Friday. Digital Realty Trust, Inc. has a one year low of $130.00 and a one year high of $193.88. The stock has a market capitalization of $59.60 billion, a price-to-earnings ratio of 150.98, a PEG ratio of 4.73 and a beta of 0.59. The company has a 50-day simple moving average of $166.56 and a 200-day simple moving average of $154.89. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.61 and a current ratio of 1.61.

Digital Realty Trust (NYSE:DLR) last announced its earnings results on Thursday, October 24th. The real estate investment trust reported $0.09 earnings per share for the quarter, missing the consensus estimate of $1.67 by ($1.58). Digital Realty Trust had a net margin of 8.04% and a return on equity of 2.24%. The company had revenue of $1.43 billion during the quarter, compared to analysts’ expectations of $1.43 billion. During the same quarter last year, the business posted $1.62 earnings per share. The company’s revenue for the quarter was up 2.1% compared to the same quarter last year. On average, analysts predict that Digital Realty Trust, Inc. will post 6.71 EPS for the current year.

Digital Realty Trust Dividend Announcement

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

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.