Digital Realty Trust, Inc. (NYSE:DLR) Shares Acquired by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 1.0% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 214,888 shares of the real estate investment trust’s stock after purchasing an additional 2,040 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank owned 0.06% of Digital Realty Trust worth $34,775,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of DLR. Meeder Asset Management Inc. bought a new position in shares of Digital Realty Trust during the 2nd quarter valued at about $25,000. Gradient Investments LLC raised its stake in Digital Realty Trust by 75.2% during the 2nd quarter. Gradient Investments LLC now owns 177 shares of the real estate investment trust’s stock valued at $27,000 after purchasing an additional 76 shares during the period. American Capital Advisory LLC purchased a new stake in shares of Digital Realty Trust in the second quarter valued at $27,000. Private Ocean LLC purchased a new position in shares of Digital Realty Trust during the second quarter valued at $27,000. Finally, Asset Dedication LLC acquired a new position in Digital Realty Trust during the second quarter valued at $31,000. Institutional investors and hedge funds own 99.71% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have weighed in on DLR shares. Hsbc Global Res raised Digital Realty Trust from a “moderate sell” rating to a “hold” rating in a research note on Friday, October 4th. Scotiabank boosted their price objective on shares of Digital Realty Trust from $157.00 to $178.00 and gave the company a “sector perform” rating in a research report on Friday, October 25th. Stifel Nicolaus increased their target price on shares of Digital Realty Trust from $195.00 to $205.00 and gave the stock a “buy” rating in a research report on Thursday, November 21st. TD Cowen boosted their price target 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. Finally, Raymond James upped their price target on shares of Digital Realty Trust from $170.00 to $190.00 and gave the stock a “strong-buy” rating in a research note on Friday, October 25th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $170.37.

Digital Realty Trust Price Performance

NYSE DLR opened at $195.28 on Friday. The company has a market cap of $64.78 billion, a P/E ratio of 164.10, a P/E/G ratio of 5.12 and a beta of 0.59. Digital Realty Trust, Inc. has a 1 year low of $130.00 and a 1 year high of $195.93. The company has a current ratio of 1.61, a quick ratio of 1.61 and a debt-to-equity ratio of 0.81. The company has a fifty day simple moving average of $172.40 and a 200 day simple moving average of $157.79.

Digital Realty Trust (NYSE:DLR) last issued its quarterly earnings results on Thursday, October 24th. The real estate investment trust reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate 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 during the quarter, compared to analyst estimates of $1.43 billion. During the same period in the prior year, the business posted $1.62 earnings per share. The company’s revenue for the quarter was up 2.1% compared to the same quarter last year. On average, sell-side analysts predict that Digital Realty Trust, Inc. will post 6.71 EPS for the current year.

Digital Realty Trust Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 17th. Stockholders of record on Friday, December 13th will be issued a dividend of $1.22 per share. The ex-dividend date of this dividend is Friday, December 13th. This represents a $4.88 dividend on an annualized basis and a dividend yield of 2.50%. Digital Realty Trust’s dividend payout ratio (DPR) is presently 410.08%.

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.