Robeco Institutional Asset Management B.V. Acquires 131,250 Shares of Digital Realty Trust, Inc. $DLR

Robeco Institutional Asset Management B.V. raised its holdings in shares of Digital Realty Trust, Inc. (NYSE:DLR – Free Report) by 87.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 281,821 shares of the real estate investment trust’s stock after purchasing an additional 131,250 shares during the quarter. Robeco Institutional Asset Management B.V. owned 0.08% of Digital Realty Trust worth $49,468,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Gables Capital Management Inc. purchased a new position in Digital Realty Trust during the second quarter worth $29,000. Bell Investment Advisors Inc bought a new stake in shares of Digital Realty Trust in the 2nd quarter worth about $31,000. First Community Trust NA purchased a new position in shares of Digital Realty Trust during the 3rd quarter worth about $31,000. Ashurst Perkins Coie Trust Co purchased a new position in shares of Digital Realty Trust during the 3rd quarter worth about $31,000. Finally, Solstein Capital LLC bought a new position in Digital Realty Trust during the 2nd quarter valued at about $32,000. 99.71% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms recently weighed in on DLR. KeyCorp reissued a “sector weight” rating on shares of Digital Realty Trust in a research report on Friday, July 24th. Cantor Fitzgerald raised their price objective on shares of Digital Realty Trust from $211.00 to $221.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 29th. Citigroup restated a “market outperform” rating on shares of Digital Realty Trust in a research report on Friday, July 24th. Canadian Imperial Bank of Commerce initiated coverage on Digital Realty Trust in a research note on Tuesday. They set an “outperform” rating and a $213.00 target price on the stock. Finally, Guggenheim upgraded Digital Realty Trust from a “neutral” rating to a “buy” rating and set a $200.00 price target on the stock in a report on Wednesday, July 15th. One analyst has rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $219.78.

Read Our Latest Report on DLR

Insiders Place Their Bets

In related news, Director Mark Patterson sold 200 shares of Digital Realty Trust stock in a transaction dated Thursday, August 27th. The shares were sold at an average price of $193.96, for a total transaction of $38,792.00. Following the completion of the sale, the director owned 6,322 shares in the company, valued at $1,226,215.12. This trade represents a 3.07% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.15% of the stock is owned by insiders.

Digital Realty Trust Stock Down 3.2%

NYSE:DLR opened at $170.72 on Friday. Digital Realty Trust, Inc. has a twelve month low of $146.23 and a twelve month high of $208.14. The company has a market cap of $63.34 billion, a price-to-earnings ratio of 22.26, a price-to-earnings-growth ratio of 3.38 and a beta of 0.99. The stock has a fifty day simple moving average of $183.43 and a 200-day simple moving average of $187.03. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.68.

Digital Realty Trust (NYSE:DLR – Get Free Report) last issued its earnings results on Thursday, July 23rd. The real estate investment trust reported $1.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.98 by ($0.77). The company had revenue of $1.92 billion for the quarter, compared to analysts’ expectations of $1.66 billion. Digital Realty Trust had a net margin of 11.80% and a return on equity of 3.34%. The firm’s revenue for the quarter was up 28.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.87 earnings per share. Analysts anticipate that Digital Realty Trust, Inc. will post 8.40 EPS for the current year.

Digital Realty Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th were issued a dividend of $1.22 per share. The ex-dividend date was Tuesday, September 15th. This represents a $4.88 dividend on an annualized basis and a yield of 2.9%. Digital Realty Trust’s dividend payout ratio (DPR) is presently 236.89%.

Digital Realty Trust Company Profile

(Free Report)

Digital Realty Trust, Inc is a real estate investment trust that owns, operates and develops data center facilities for businesses, cloud service providers, information technology companies and telecommunications organizations. The company provides the physical infrastructure needed to support data storage, networking, cloud computing and other digital operations.

Its services include data center colocation, interconnection and private connectivity solutions. Digital Realty also offers access to cloud and network providers through its PlatformDIGITAL platform, which is designed to help customers deploy, connect and manage their digital infrastructure across multiple locations.

Founded in 2001, Digital Realty serves customers through a global portfolio of data centers and related facilities across North America, Europe, Asia-Pacific and Latin America.

See Also

Institutional Ownership by Quarter for Digital Realty Trust (NYSE:DLR)

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