Brooklyn Investment Group Acquires 233 Shares of Digital Realty Trust, Inc. (NYSE:DLR)

Brooklyn Investment Group increased its holdings in Digital Realty Trust, Inc. (NYSE:DLR) by 16.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,686 shares of the real estate investment trust’s stock after acquiring an additional 233 shares during the period. Brooklyn Investment Group’s holdings in Digital Realty Trust were worth $273,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. D.A. Davidson & CO. lifted its holdings in shares of Digital Realty Trust by 3.8% in the third quarter. D.A. Davidson & CO. now owns 30,754 shares of the real estate investment trust’s stock valued at $4,977,000 after purchasing an additional 1,133 shares in the last quarter. Elios Financial Group Inc. purchased a new stake in Digital Realty Trust in the 3rd quarter valued at $223,000. Dai ichi Life Insurance Company Ltd lifted its stake in Digital Realty Trust by 70.5% during the 3rd quarter. Dai ichi Life Insurance Company Ltd now owns 14,510 shares of the real estate investment trust’s stock valued at $2,348,000 after acquiring an additional 6,000 shares in the last quarter. Private Trust Co. NA boosted its holdings in Digital Realty Trust by 14.4% during the 3rd quarter. Private Trust Co. NA now owns 3,417 shares of the real estate investment trust’s stock worth $553,000 after acquiring an additional 430 shares during the last quarter. Finally, Vision Capital Corp grew its stake in shares of Digital Realty Trust by 17.0% in the 3rd quarter. Vision Capital Corp now owns 379,469 shares of the real estate investment trust’s stock worth $61,409,000 after acquiring an additional 55,000 shares in the last quarter. Institutional investors own 99.71% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. HSBC upgraded shares of Digital Realty Trust from a “reduce” rating to a “hold” rating and boosted their price target for the stock from $124.00 to $160.00 in a report on Friday, October 4th. TD Cowen upped their price objective on Digital Realty Trust from $120.00 to $128.00 and gave the company a “hold” rating in a research note on Friday, October 25th. Argus lowered shares of Digital Realty Trust from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Royal Bank of Canada raised their price target on shares of Digital Realty Trust from $177.00 to $207.00 and gave the stock an “outperform” rating in a research note on Monday, October 28th. Finally, Hsbc Global Res upgraded Digital Realty Trust from a “moderate sell” rating to a “hold” rating in a research note on Friday, October 4th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Digital Realty Trust presently has a consensus rating of “Hold” and a consensus target price of $170.37.

Digital Realty Trust Price Performance

Shares of Digital Realty Trust stock opened at $193.95 on Wednesday. The business’s 50-day moving average price is $170.93 and its 200-day moving average price is $157.26. The firm has a market capitalization of $64.34 billion, a PE ratio of 162.98, a price-to-earnings-growth ratio of 5.12 and a beta of 0.59. Digital Realty Trust, Inc. has a 12 month low of $130.00 and a 12 month high of $194.31. The company has a current ratio of 1.61, a quick ratio of 1.61 and a debt-to-equity ratio of 0.81.

Digital Realty Trust (NYSE:DLR) last issued its quarterly earnings results on Thursday, October 24th. The real estate investment trust reported $0.09 EPS for the quarter, missing analysts’ consensus estimates 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%. The firm’s revenue was up 2.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.62 earnings per share. 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 firm also recently declared a quarterly dividend, which will be paid on Friday, January 17th. Shareholders of record on Friday, December 13th will be paid a $1.22 dividend. This represents a $4.88 annualized dividend and a yield of 2.52%. The ex-dividend date is Friday, December 13th. Digital Realty Trust’s dividend payout ratio is presently 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.