Truvestments Capital LLC Purchases New Shares in Digital Realty Trust, Inc. (NYSE:DLR)

Truvestments Capital LLC acquired a new position in shares of Digital Realty Trust, Inc. (NYSE:DLR) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 937 shares of the real estate investment trust’s stock, valued at approximately $152,000.

Several other institutional investors have also recently made changes to their positions in DLR. Meeder Asset Management Inc. purchased a new position in Digital Realty Trust during the second quarter worth about $25,000. Gradient Investments LLC boosted its stake in shares of Digital Realty Trust by 75.2% in the 2nd 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 during the last quarter. American Capital Advisory LLC bought a new position in shares of Digital Realty Trust in the second quarter valued at approximately $27,000. Private Ocean LLC purchased a new stake in shares of Digital Realty Trust during the second quarter valued at approximately $27,000. Finally, Asset Dedication LLC bought a new stake in Digital Realty Trust during the second quarter worth $31,000. Institutional investors own 99.71% of the company’s stock.

Digital Realty Trust Stock Up 0.6 %

Shares of NYSE:DLR opened at $193.95 on Wednesday. The firm has a fifty day moving average price of $170.93 and a two-hundred day moving average price of $157.26. The company has a market cap of $64.34 billion, a price-to-earnings ratio of 162.98, a PEG ratio of 5.04 and a beta of 0.59. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.61 and a quick ratio of 1.61. Digital Realty Trust, Inc. has a one year low of $130.00 and a one year high of $194.31.

Digital Realty Trust (NYSE:DLR) last posted its quarterly earnings data 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 business had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.43 billion. Digital Realty Trust had a net margin of 8.04% and a return on equity of 2.24%. Digital Realty Trust’s quarterly revenue was up 2.1% on a year-over-year basis. During the same period in the prior year, the business posted $1.62 EPS. Analysts anticipate that Digital Realty Trust, Inc. will post 6.71 EPS for the current fiscal year.

Digital Realty Trust Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Investors of record on Friday, December 13th will be paid a $1.22 dividend. This represents a $4.88 dividend on an annualized basis and a yield of 2.52%. The ex-dividend date is Friday, December 13th. Digital Realty Trust’s dividend payout ratio is currently 410.08%.

Analyst Ratings Changes

A number of research analysts have issued reports on DLR shares. Barclays upped their price objective on Digital Realty Trust from $135.00 to $142.00 and gave the company an “underweight” rating in a research note on Monday, November 18th. TD Cowen increased 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. Hsbc Global Res raised shares of Digital Realty Trust from a “moderate sell” rating to a “hold” rating in a research report on Friday, October 4th. Stifel Nicolaus increased their target price 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, JPMorgan Chase & Co. lifted their price target on shares of Digital Realty Trust from $180.00 to $185.00 and gave the stock an “overweight” rating in a report on Friday, October 25th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $170.37.

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.