Digital Realty Trust, Inc. (NYSE:DLR) Shares Bought by KBC Group NV

KBC Group NV raised its position in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 341.5% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 279,921 shares of the real estate investment trust’s stock after acquiring an additional 216,515 shares during the quarter. KBC Group NV’s holdings in Digital Realty Trust were worth $45,299,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Meeder Asset Management Inc. acquired a new position in Digital Realty Trust in the 2nd quarter valued at $25,000. American Capital Advisory LLC purchased a new stake in shares of Digital Realty Trust during the second quarter worth $27,000. Private Ocean LLC acquired a new stake in shares of Digital Realty Trust in the second quarter valued at about $27,000. Gradient Investments LLC lifted its stake in shares of Digital Realty Trust by 75.2% in the second quarter. Gradient Investments LLC now owns 177 shares of the real estate investment trust’s stock worth $27,000 after buying an additional 76 shares in the last quarter. Finally, Adirondack Trust Co. boosted its position in Digital Realty Trust by 68.6% during the third quarter. Adirondack Trust Co. now owns 199 shares of the real estate investment trust’s stock worth $32,000 after acquiring an additional 81 shares during the last quarter. Hedge funds and other institutional investors own 99.71% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. HSBC raised shares of Digital Realty Trust from a “reduce” rating to a “hold” rating and raised their target price for the stock from $124.00 to $160.00 in a research note on Friday, October 4th. Hsbc Global Res raised Digital Realty Trust from a “moderate sell” rating to a “hold” rating in a research note on Friday, October 4th. Scotiabank lifted their price target on Digital Realty Trust from $157.00 to $178.00 and gave the stock a “sector perform” rating in a report on Friday, October 25th. Wells Fargo & Company upped 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. Finally, TD Cowen lifted their target price on shares of Digital Realty Trust from $120.00 to $128.00 and gave the stock a “hold” rating in a research note on Friday, October 25th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $169.47.

Digital Realty Trust Stock Performance

NYSE DLR opened at $178.17 on Friday. The company has a market cap of $59.10 billion, a P/E ratio of 149.72, a P/E/G ratio of 4.80 and a beta of 0.59. Digital Realty Trust, Inc. has a 1-year low of $130.00 and a 1-year high of $193.88. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.61 and a quick ratio of 1.61. The stock has a 50-day moving average of $165.37 and a two-hundred day moving average of $154.35.

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). Digital Realty Trust had a return on equity of 2.24% and a net margin of 8.04%. The business had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.43 billion. During the same quarter last year, the company earned $1.62 earnings per share. Digital Realty Trust’s quarterly revenue was up 2.1% compared to the same quarter last year. As a group, analysts anticipate that Digital Realty Trust, Inc. will post 6.71 EPS for the current year.

Digital Realty Trust Dividend Announcement

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 issued a dividend of $1.22 per share. This represents a $4.88 annualized dividend and a yield of 2.74%. The ex-dividend date of this dividend is Friday, December 13th. Digital Realty Trust’s dividend payout ratio (DPR) is presently 410.08%.

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.