Cumberland Partners Ltd Acquires 31,430 Shares of Digital Realty Trust, Inc. (NYSE:DLR)

Cumberland Partners Ltd increased its stake in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 207.3% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 46,595 shares of the real estate investment trust’s stock after purchasing an additional 31,430 shares during the quarter. Cumberland Partners Ltd’s holdings in Digital Realty Trust were worth $7,540,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Meeder Asset Management Inc. acquired a new stake in Digital Realty Trust during the 2nd quarter worth approximately $25,000. Gradient Investments LLC lifted its holdings 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 worth $27,000 after purchasing an additional 76 shares during the period. American Capital Advisory LLC acquired a new position in shares of Digital Realty Trust during the second quarter worth $27,000. Private Ocean LLC acquired a new stake in Digital Realty Trust in the second quarter valued at $27,000. Finally, Asset Dedication LLC bought a new position in Digital Realty Trust during the 2nd quarter worth $31,000. Institutional investors and hedge funds own 99.71% of the company’s stock.

Analyst Ratings Changes

A number of research firms have commented on DLR. Stifel Nicolaus reiterated a “buy” rating and issued a $195.00 price target (up previously from $185.00) on shares of Digital Realty Trust in a research report on Friday, October 25th. Wells Fargo & Company increased their target price on shares of Digital Realty Trust from $175.00 to $185.00 and gave the company an “overweight” rating in a research report on Friday, October 25th. Scotiabank raised their price target on shares of Digital Realty Trust from $157.00 to $178.00 and gave the stock a “sector perform” rating in a report on Friday, October 25th. Jefferies Financial Group upped their price objective on shares of Digital Realty Trust from $190.00 to $205.00 and gave the company a “buy” rating in a research note on Friday, October 25th. Finally, Evercore ISI boosted their target price on shares of Digital Realty Trust from $160.00 to $175.00 and gave the company an “outperform” rating in a report on Wednesday, October 23rd. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $167.68.

Digital Realty Trust Stock Down 0.1 %

Shares of DLR stock traded down $0.23 on Tuesday, hitting $182.62. The stock had a trading volume of 87,703 shares, compared to its average volume of 1,850,019. Digital Realty Trust, Inc. has a 12-month low of $126.87 and a 12-month high of $193.88. The stock has a market cap of $60.58 billion, a price-to-earnings ratio of 153.66, a price-to-earnings-growth ratio of 4.83 and a beta of 0.59. The business has a 50 day moving average of $164.17 and a 200 day moving average of $153.92. 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 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). Digital Realty Trust had a net margin of 8.04% and a return on equity of 2.24%. The business had revenue of $1.43 billion for the quarter, compared to analysts’ expectations of $1.43 billion. During the same period in the previous year, the business posted $1.62 earnings per share. The business’s revenue was up 2.1% compared to the same quarter last year. As a group, analysts expect that Digital Realty Trust, Inc. will post 6.71 EPS for the current year.

Digital Realty Trust Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, January 17th. Investors of record on Friday, December 13th will be issued a $1.22 dividend. This represents a $4.88 dividend on an annualized basis and a dividend yield of 2.67%. The ex-dividend date is Friday, December 13th. Digital Realty Trust’s dividend payout ratio (DPR) is currently 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.