KCM Investment Advisors LLC Has $549,000 Holdings in Digital Realty Trust, Inc. (NYSE:DLR)

KCM Investment Advisors LLC increased its position in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 16.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,391 shares of the real estate investment trust’s stock after acquiring an additional 490 shares during the period. KCM Investment Advisors LLC’s holdings in Digital Realty Trust were worth $549,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also made changes to their positions in the company. Meeder Asset Management Inc. bought a new position in shares of Digital Realty Trust during the second quarter valued at $25,000. Gradient Investments LLC raised its stake in shares of Digital Realty Trust by 75.2% during 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 last quarter. American Capital Advisory LLC bought a new position in shares of Digital Realty Trust during the second quarter valued at $27,000. Private Ocean LLC bought a new position in Digital Realty Trust during the second quarter worth $27,000. Finally, Asset Dedication LLC bought a new position in Digital Realty Trust during the second quarter worth $31,000. Institutional investors and hedge funds own 99.71% of the company’s stock.

Digital Realty Trust Stock Performance

Shares of DLR stock opened at $179.67 on Friday. The firm has a market cap of $59.60 billion, a price-to-earnings ratio of 150.98, a P/E/G ratio of 4.73 and a beta of 0.59. 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, Inc. has a 52 week low of $130.00 and a 52 week high of $193.88. The firm’s 50-day simple moving average is $166.56 and its two-hundred day simple moving average is $154.77.

Digital Realty Trust (NYSE:DLR) last announced its quarterly earnings data on Thursday, October 24th. The real estate investment trust reported $0.09 EPS for the quarter, missing the consensus estimate of $1.67 by ($1.58). Digital Realty Trust had a return on equity of 2.24% and a net margin of 8.04%. The company had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.43 billion. During the same period in the prior year, the firm posted $1.62 EPS. The business’s revenue was up 2.1% on a year-over-year basis. As a group, equities analysts forecast that Digital Realty Trust, Inc. will post 6.71 earnings per share for the current year.

Digital Realty Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 17th. Stockholders of record on Friday, December 13th will be given a $1.22 dividend. This represents a $4.88 annualized dividend and a dividend yield of 2.72%. The ex-dividend date is Friday, December 13th. Digital Realty Trust’s dividend payout ratio (DPR) is currently 410.08%.

Analyst Ratings Changes

DLR has been the subject of a number of research reports. Barclays raised their price target on shares of Digital Realty Trust from $130.00 to $135.00 and gave the stock an “underweight” rating in a report on Thursday, October 10th. TD Cowen raised their price target on shares of Digital Realty Trust from $120.00 to $128.00 and gave the stock a “hold” rating in a report on Friday, October 25th. Wells Fargo & Company raised their price target on shares of Digital Realty Trust from $175.00 to $185.00 and gave the stock an “overweight” rating in a report on Friday, October 25th. Truist Financial lifted their price objective on shares of Digital Realty Trust from $168.00 to $202.00 and gave the company a “buy” rating in a report on Tuesday. Finally, Royal Bank of Canada lifted their price objective on shares of Digital Realty Trust from $177.00 to $207.00 and gave the company an “outperform” rating in a report on Monday, October 28th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $169.47.

Digital Realty Trust Company 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.