Private Trust Co. NA Grows Position in Digital Realty Trust, Inc. (NYSE:DLR)

Private Trust Co. NA lifted its position in Digital Realty Trust, Inc. (NYSE:DLR) by 14.4% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 3,417 shares of the real estate investment trust’s stock after acquiring an additional 430 shares during the quarter. Private Trust Co. NA’s holdings in Digital Realty Trust were worth $553,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently bought and sold shares of the business. Vision Capital Corp raised its position in Digital Realty Trust by 17.0% during the third 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 during the period. Truvestments Capital LLC purchased a new position in shares of Digital Realty Trust in the third quarter valued at approximately $152,000. DRW Securities LLC acquired a new stake in shares of Digital Realty Trust in the third quarter worth approximately $201,000. Harvest Fund Management Co. Ltd increased its position in shares of Digital Realty Trust by 22.1% during the third quarter. Harvest Fund Management Co. Ltd now owns 4,868 shares of the real estate investment trust’s stock worth $788,000 after purchasing an additional 881 shares in the last quarter. Finally, Daiwa Securities Group Inc. lifted its holdings in Digital Realty Trust by 2.5% in the 3rd quarter. Daiwa Securities Group Inc. now owns 4,843,432 shares of the real estate investment trust’s stock valued at $783,812,000 after purchasing an additional 117,461 shares in the last quarter. Institutional investors and hedge funds own 99.71% of the company’s stock.

Digital Realty Trust Price Performance

Digital Realty Trust stock opened at $193.95 on Wednesday. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 0.81. Digital Realty Trust, Inc. has a 52-week low of $130.00 and a 52-week high of $194.31. The firm has a market cap of $64.34 billion, a PE ratio of 162.98, a price-to-earnings-growth ratio of 5.04 and a beta of 0.59. The company’s 50 day moving average is $170.93 and its two-hundred day moving average is $157.26.

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 analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $1.43 billion. During the same period in the prior year, the firm posted $1.62 earnings per share. The business’s quarterly revenue was up 2.1% compared to the same quarter last year. On average, research analysts expect that Digital Realty Trust, Inc. will post 6.71 EPS for the current fiscal year.

Digital Realty Trust Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. 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 research note on Friday, October 25th. Hsbc Global Res upgraded Digital Realty Trust from a “moderate sell” rating to a “hold” rating in a research report on Friday, October 4th. JPMorgan Chase & Co. lifted their price target on Digital Realty Trust from $180.00 to $185.00 and gave the stock an “overweight” rating in a report on Friday, October 25th. Stifel Nicolaus upped their price objective on shares of Digital Realty Trust from $195.00 to $205.00 and gave the company a “buy” rating in a report on Thursday, November 21st. Finally, Jefferies Financial Group boosted their target price on shares of Digital Realty Trust from $190.00 to $205.00 and gave the company a “buy” rating in a report on Friday, October 25th. Two analysts have rated the stock with a sell rating, nine have given a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Digital Realty Trust currently has an average rating of “Hold” and a consensus target price of $170.37.

About Digital Realty Trust

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.