Claro Advisors LLC Buys Shares of 1,375 Digital Realty Trust, Inc. (NYSE:DLR)

Claro Advisors LLC purchased a new position in shares of Digital Realty Trust, Inc. (NYSE:DLR) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 1,375 shares of the real estate investment trust’s stock, valued at approximately $223,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Meeder Asset Management Inc. purchased a new position in Digital Realty Trust during the second quarter worth about $25,000. American Capital Advisory LLC purchased a new position in shares of Digital Realty Trust during the 2nd quarter worth approximately $27,000. Private Ocean LLC purchased a new stake in Digital Realty Trust in the second quarter valued at approximately $27,000. Gradient Investments LLC lifted its stake in 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 in the last quarter. Finally, Adirondack Trust Co. boosted its position in shares of Digital Realty Trust by 68.6% during the third quarter. Adirondack Trust Co. now owns 199 shares of the real estate investment trust’s stock worth $32,000 after buying an additional 81 shares during the period. 99.71% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on DLR shares. Hsbc Global Res upgraded Digital Realty Trust from a “moderate sell” rating to a “hold” rating in a report on Friday, October 4th. TD Cowen lifted their price objective on shares of Digital Realty Trust from $120.00 to $128.00 and gave the company a “hold” rating in a 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 stock an “overweight” rating in a report on Friday, October 25th. Royal Bank of Canada boosted 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, Stifel Nicolaus reiterated a “buy” rating and issued a $195.00 price objective (up from $185.00) on shares of Digital Realty Trust in a research note on Friday, October 25th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $169.84.

Digital Realty Trust Price Performance

Shares of NYSE:DLR opened at $187.26 on Wednesday. Digital Realty Trust, Inc. has a 12 month low of $130.00 and a 12 month high of $193.88. The firm has a market capitalization of $62.12 billion, a P/E ratio of 157.36, a P/E/G ratio of 4.77 and a beta of 0.59. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.61 and a quick ratio of 1.61. The company’s fifty day moving average price is $167.85 and its 200 day moving average price is $155.59.

Digital Realty Trust (NYSE:DLR) last posted its 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 firm had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.43 billion. Digital Realty Trust had a return on equity of 2.24% and a net margin of 8.04%. The firm’s revenue for the quarter was up 2.1% on a year-over-year basis. During the same quarter last year, the firm posted $1.62 EPS. As a group, sell-side analysts predict that Digital Realty Trust, Inc. will post 6.71 earnings per share for the current fiscal year.

Digital Realty Trust Announces Dividend

The company 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. This represents a $4.88 annualized dividend and a dividend yield of 2.61%. The ex-dividend date is Friday, December 13th. Digital Realty Trust’s payout ratio is currently 410.08%.

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.