Lewis Asset Management LLC Has $410,000 Holdings in Digital Realty Trust, Inc. (NYSE:DLR)

Lewis Asset Management LLC raised its position in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 23.3% in the third quarter, Holdings Channel reports. The fund owned 2,534 shares of the real estate investment trust’s stock after buying an additional 479 shares during the quarter. Lewis Asset Management LLC’s holdings in Digital Realty Trust were worth $410,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the company. Clear Creek Financial Management LLC increased its position in Digital Realty Trust by 1.6% in the 3rd quarter. Clear Creek Financial Management LLC now owns 3,836 shares of the real estate investment trust’s stock valued at $621,000 after acquiring an additional 59 shares in the last quarter. Trueblood Wealth Management LLC raised its position in Digital Realty Trust by 3.1% in the 3rd quarter. Trueblood Wealth Management LLC now owns 2,061 shares of the real estate investment trust’s stock worth $334,000 after purchasing an additional 61 shares during the last quarter. Gilman Hill Asset Management LLC lifted its holdings in Digital Realty Trust by 1.1% during the 2nd quarter. Gilman Hill Asset Management LLC now owns 6,179 shares of the real estate investment trust’s stock worth $940,000 after buying an additional 65 shares in the last quarter. GHP Investment Advisors Inc. boosted its position in Digital Realty Trust by 14.3% in the 3rd quarter. GHP Investment Advisors Inc. now owns 527 shares of the real estate investment trust’s stock valued at $85,000 after buying an additional 66 shares during the last quarter. Finally, Telos Capital Management Inc. increased its stake in shares of Digital Realty Trust by 0.8% in the 3rd quarter. Telos Capital Management Inc. now owns 8,569 shares of the real estate investment trust’s stock valued at $1,387,000 after buying an additional 71 shares during the period. 99.71% of the stock is currently owned by institutional investors.

Digital Realty Trust Stock Performance

Shares of DLR stock opened at $178.47 on Friday. The stock has a market cap of $59.20 billion, a P/E ratio of 149.97, a P/E/G ratio of 5.70 and a beta of 0.59. The company has a fifty day moving average price of $162.36 and a two-hundred day moving average price of $152.93. Digital Realty Trust, Inc. has a one year low of $126.22 and a one year high of $193.88. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.61 and a quick ratio of 1.78.

Digital Realty Trust (NYSE:DLR) last posted its earnings results on Thursday, October 24th. The real estate investment trust reported $0.09 earnings per share 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 business had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.43 billion. During the same period in the previous year, the firm posted $1.62 earnings per share. The firm’s revenue was up 2.1% compared to the same quarter last year. As a group, equities analysts predict that Digital Realty Trust, Inc. will post 6.7 EPS for the current 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 issued a dividend of $1.22 per share. This represents a $4.88 annualized dividend and a dividend yield of 2.73%. The ex-dividend date of this dividend is Friday, December 13th. Digital Realty Trust’s payout ratio is 410.08%.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Mizuho initiated coverage on Digital Realty Trust in a report on Thursday, July 11th. They issued an “outperform” rating and a $170.00 price target on the stock. Wells Fargo & Company lifted their price target on shares of Digital Realty Trust from $175.00 to $185.00 and gave the stock an “overweight” rating in a research report on Friday, October 25th. Jefferies Financial Group increased their price objective 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. Evercore ISI upped their target price on shares of Digital Realty Trust from $160.00 to $175.00 and gave the company an “outperform” rating in a research report on Wednesday, October 23rd. Finally, 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. Two investment 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 stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $167.68.

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.