Bamco Inc. NY Acquires 11,103 Shares of Digital Realty Trust, Inc. (NYSE:DLR)

Bamco Inc. NY grew its holdings in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 1.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 593,707 shares of the real estate investment trust’s stock after purchasing an additional 11,103 shares during the quarter. Bamco Inc. NY owned about 0.18% of Digital Realty Trust worth $96,080,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. B. Riley Wealth Advisors Inc. boosted its stake in shares of Digital Realty Trust by 3.0% during the 1st quarter. B. Riley Wealth Advisors Inc. now owns 3,660 shares of the real estate investment trust’s stock worth $527,000 after acquiring an additional 105 shares in the last quarter. Atria Investments Inc bought a new stake in Digital Realty Trust during the first quarter worth approximately $1,363,000. Cetera Investment Advisers grew its holdings in Digital Realty Trust by 295.5% during the first quarter. Cetera Investment Advisers now owns 31,665 shares of the real estate investment trust’s stock valued at $4,561,000 after purchasing an additional 23,659 shares during the last quarter. Cetera Advisors LLC raised its position in shares of Digital Realty Trust by 26.9% in the first quarter. Cetera Advisors LLC now owns 11,145 shares of the real estate investment trust’s stock valued at $1,605,000 after purchasing an additional 2,361 shares during the period. Finally, First Hawaiian Bank acquired a new stake in shares of Digital Realty Trust in the second quarter worth $380,000. Institutional investors and hedge funds own 99.71% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently commented on the stock. Raymond James lifted their target price on shares of Digital Realty Trust from $170.00 to $190.00 and gave the stock a “strong-buy” rating in a report on Friday, October 25th. Stifel Nicolaus boosted their price objective on Digital Realty Trust from $195.00 to $205.00 and gave the stock a “buy” rating in a research report on Thursday, November 21st. Royal Bank of Canada raised their target price on Digital Realty Trust from $177.00 to $207.00 and gave the company an “outperform” rating in a report on Monday, October 28th. Scotiabank upped 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. Finally, Evercore ISI increased their price objective on Digital Realty Trust from $160.00 to $175.00 and gave the company an “outperform” rating in a research report on Wednesday, October 23rd. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Digital Realty Trust currently has an average rating of “Hold” and an average target price of $170.37.

Digital Realty Trust Price Performance

Digital Realty Trust stock opened at $195.69 on Monday. The business has a 50 day simple moving average of $173.14 and a 200 day simple moving average of $158.36. 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 company has a market capitalization of $64.91 billion, a PE ratio of 164.45, a price-to-earnings-growth ratio of 5.19 and a beta of 0.59. Digital Realty Trust, Inc. has a one year low of $130.00 and a one year high of $198.00.

Digital Realty Trust (NYSE:DLR) last issued its quarterly earnings data 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 net margin of 8.04% and a return on equity of 2.24%. The company had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.43 billion. During the same period in the previous year, the business posted $1.62 earnings per share. The firm’s revenue was up 2.1% compared to the same quarter last year. On average, sell-side analysts forecast that Digital Realty Trust, Inc. will post 6.71 EPS for the current fiscal year.

Digital Realty Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 17th. Shareholders of record on Friday, December 13th will be paid a dividend of $1.22 per share. The ex-dividend date of this dividend is Friday, December 13th. This represents a $4.88 annualized dividend and a yield of 2.49%. Digital Realty Trust’s dividend payout ratio is 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.