Guggenheim Capital LLC grew its stake in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 3.8% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 213,425 shares of the real estate investment trust’s stock after purchasing an additional 7,821 shares during the quarter. Guggenheim Capital LLC owned approximately 0.08% of Digital Realty Trust worth $31,322,000 at the end of the most recent quarter.
Several other large investors also recently added to or reduced their stakes in the company. Rockbridge Investment Management LCC bought a new position in Digital Realty Trust in the second quarter worth $28,000. Smithfield Trust Co. bought a new stake in Digital Realty Trust during the 2nd quarter valued at approximately $33,000. Hall Laurie J Trustee bought a new stake in Digital Realty Trust in the 3rd quarter worth approximately $35,000. Marshall & Sullivan Inc. WA bought a new stake in Digital Realty Trust in the 3rd quarter worth approximately $35,000. Finally, Old North State Trust LLC bought a new stake in Digital Realty Trust in the 3rd quarter worth approximately $41,000. 91.36% of the stock is owned by hedge funds and other institutional investors.
DLR traded down $1.46 during mid-day trading on Monday, reaching $135.27. 11,858 shares of the stock were exchanged, compared to its average volume of 2,327,737. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.71 and a current ratio of 0.71. The stock has a market capitalization of $38.31 billion, a PE ratio of 55.58, a price-to-earnings-growth ratio of 3.41 and a beta of 0.17. The company has a 50 day moving average price of $148.11 and a two-hundred day moving average price of $146.52. Digital Realty Trust, Inc. has a 1 year low of $105.00 and a 1 year high of $165.49.
Digital Realty Trust (NYSE:DLR) last posted its quarterly earnings data on Thursday, October 29th. The real estate investment trust reported ($0.14) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.48 by ($1.62). Digital Realty Trust had a return on equity of 5.31% and a net margin of 17.50%. The firm had revenue of $1.03 billion during the quarter, compared to the consensus estimate of $993.32 million. During the same quarter last year, the company posted $1.67 EPS. Digital Realty Trust’s revenue for the quarter was up 27.0% compared to the same quarter last year. Sell-side analysts expect that Digital Realty Trust, Inc. will post 6.13 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, January 15th. Stockholders of record on Tuesday, December 15th will be given a dividend of $1.12 per share. This represents a $4.48 annualized dividend and a dividend yield of 3.31%. The ex-dividend date of this dividend is Monday, December 14th. Digital Realty Trust’s dividend payout ratio is currently 67.37%.
In other news, Director David C. Ruberg sold 50,000 shares of the stock in a transaction dated Thursday, November 5th. The shares were sold at an average price of $149.21, for a total transaction of $7,460,500.00. Following the transaction, the director now owns 784,136 shares of the company’s stock, valued at $117,000,932.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Cindy Fiedelman sold 1,024 shares of the stock in a transaction dated Wednesday, September 30th. The stock was sold at an average price of $148.14, for a total transaction of $151,695.36. Following the transaction, the insider now directly owns 1,024 shares in the company, valued at approximately $151,695.36. The disclosure for this sale can be found here. In the last three months, insiders have sold 69,231 shares of company stock valued at $10,413,432. 0.61% of the stock is owned by insiders.
A number of research firms recently issued reports on DLR. TD Securities began coverage on Digital Realty Trust in a report on Thursday, August 6th. They set a “hold” rating and a $170.00 price objective for the company. Berenberg Bank raised Digital Realty Trust from a “hold” rating to a “buy” rating and increased their price objective for the company from $133.00 to $174.00 in a report on Tuesday, August 25th. Jefferies Financial Group reissued a “buy” rating and set a $186.00 target price on shares of Digital Realty Trust in a research note on Tuesday, August 11th. Morgan Stanley lifted their target price on Digital Realty Trust from $141.00 to $148.00 and gave the stock an “equal weight” rating in a research report on Tuesday, September 29th. Finally, BMO Capital Markets raised shares of Digital Realty Trust from a “market perform” rating to an “outperform” rating and upped their price objective for the company from $139.00 to $167.00 in a research report on Wednesday, September 16th. Seven equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $160.16.
About Digital Realty Trust
Digital Realty supports the data center, colocation and interconnection strategies of customers across the Americas, EMEA and APAC, ranging from cloud and information technology services, communications and social networking to financial services, manufacturing, energy, healthcare and consumer products.
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