Motley Fool Asset Management LLC Acquires 567 Shares of Digital Realty Trust, Inc. (NYSE:DLR)

Motley Fool Asset Management LLC boosted its holdings in Digital Realty Trust, Inc. (NYSE:DLR) by 4.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 13,175 shares of the real estate investment trust’s stock after purchasing an additional 567 shares during the period. Motley Fool Asset Management LLC’s holdings in Digital Realty Trust were worth $2,112,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the business. Meeder Asset Management Inc. purchased a new position in shares of Digital Realty Trust in the second quarter valued at about $25,000. Gradient Investments LLC increased its position 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 valued at $27,000 after acquiring an additional 76 shares during the period. American Capital Advisory LLC purchased a new position in shares of Digital Realty Trust in the second quarter valued at about $27,000. Private Ocean LLC purchased a new position in shares of Digital Realty Trust in the second quarter valued at about $27,000. Finally, Asset Dedication LLC purchased a new position in shares of Digital Realty Trust in the second quarter valued at about $31,000. 99.71% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

DLR has been the topic of several research analyst reports. JPMorgan Chase & Co. boosted their price target on shares of Digital Realty Trust from $180.00 to $185.00 and gave the company an “overweight” rating in a research report on Friday, October 25th. Hsbc Global Res upgraded shares of Digital Realty Trust from a “moderate sell” rating to a “hold” rating in a research report on Friday, October 4th. Evercore ISI boosted their price target on shares of Digital Realty Trust from $160.00 to $175.00 and gave the company an “outperform” rating in a research report on Wednesday, October 23rd. Stifel Nicolaus boosted their price target on shares of Digital Realty Trust from $195.00 to $205.00 and gave the company a “buy” rating in a research report on Thursday, November 21st. Finally, TD Cowen boosted their price target on shares of Digital Realty Trust from $120.00 to $128.00 and gave the company a “hold” rating in a research report on Friday, October 25th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $170.37.

Digital Realty Trust Trading Down 0.1 %

Shares of NYSE DLR opened at $190.87 on Thursday. The firm’s 50 day moving average price is $174.90 and its 200-day moving average price is $159.25. The company has a market cap of $63.31 billion, a PE ratio of 160.39, a P/E/G ratio of 5.10 and a beta of 0.62. Digital Realty Trust, Inc. has a 52-week low of $130.00 and a 52-week high of $198.00. 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 issued its earnings results on Thursday, October 24th. The real estate investment trust reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.67 by ($1.58). The firm had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.43 billion. Digital Realty Trust had a return on equity of 2.24% and a net margin of 8.04%. The company’s quarterly revenue was up 2.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.62 EPS. On average, equities research analysts expect that Digital Realty Trust, Inc. will post 6.71 EPS for the current fiscal year.

Digital Realty Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 17th. Investors of record on Friday, December 13th will be given a dividend of $1.22 per share. The ex-dividend date of this dividend is Friday, December 13th. This represents a $4.88 dividend on an annualized basis and a yield of 2.56%. Digital Realty Trust’s dividend payout ratio (DPR) is 410.08%.

About Digital Realty Trust

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.