Agate Pass Investment Management LLC Takes Position in Digital Realty Trust, Inc. (NYSE:DLR)

Agate Pass Investment Management LLC bought a new stake in shares of Digital Realty Trust, Inc. (NYSE:DLR) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 4,990 shares of the real estate investment trust’s stock, valued at approximately $885,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Capital Investment Advisors LLC increased its stake in shares of Digital Realty Trust by 26.4% in the fourth quarter. Capital Investment Advisors LLC now owns 54,599 shares of the real estate investment trust’s stock worth $9,682,000 after acquiring an additional 11,405 shares during the last quarter. Brookstone Capital Management increased its position in Digital Realty Trust by 16.3% in the 4th quarter. Brookstone Capital Management now owns 21,011 shares of the real estate investment trust’s stock worth $3,726,000 after purchasing an additional 2,951 shares during the last quarter. Czech National Bank increased its stake in shares of Digital Realty Trust by 7.5% during the 4th quarter. Czech National Bank now owns 67,400 shares of the real estate investment trust’s stock worth $11,952,000 after purchasing an additional 4,705 shares during the last quarter. ST Germain D J Co. Inc. raised its holdings in shares of Digital Realty Trust by 159.9% during the 4th quarter. ST Germain D J Co. Inc. now owns 421 shares of the real estate investment trust’s stock valued at $75,000 after purchasing an additional 259 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC lifted its stake in shares of Digital Realty Trust by 1.4% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 105,436 shares of the real estate investment trust’s stock valued at $17,063,000 after purchasing an additional 1,408 shares during the last quarter. Hedge funds and other institutional investors own 99.71% of the company’s stock.

Analysts Set New Price Targets

DLR has been the subject of a number of analyst reports. Wells Fargo & Company boosted their price target on Digital Realty Trust from $185.00 to $210.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 10th. Evercore ISI increased their price target on Digital Realty Trust from $160.00 to $175.00 and gave the company an “outperform” rating in a report on Wednesday, October 23rd. Royal Bank of Canada boosted their price objective 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. Raymond James raised their target price on shares of Digital Realty Trust from $170.00 to $190.00 and gave the company a “strong-buy” rating in a research note on Friday, October 25th. Finally, Barclays boosted their target price on shares of Digital Realty Trust from $135.00 to $142.00 and gave the stock an “underweight” rating in a research report on Monday, November 18th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $174.74.

Digital Realty Trust Price Performance

NYSE:DLR traded down $2.46 during mid-day trading on Monday, hitting $170.88. The company’s stock had a trading volume of 507,509 shares, compared to its average volume of 1,737,369. 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 stock has a fifty day moving average of $183.46 and a 200-day moving average of $166.04. The company has a market capitalization of $56.68 billion, a price-to-earnings ratio of 143.60, a P/E/G ratio of 4.91 and a beta of 0.62. Digital Realty Trust, Inc. has a fifty-two week low of $131.42 and a fifty-two week high of $198.00.

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 (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 firm had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.43 billion. During the same quarter last year, the firm posted $1.62 EPS. The business’s revenue was up 2.1% on a year-over-year basis. As a group, equities analysts forecast that Digital Realty Trust, Inc. will post 6.71 EPS for the current fiscal year.

Digital Realty Trust Dividend Announcement

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 given a dividend of $1.22 per share. This represents a $4.88 annualized dividend and a dividend yield of 2.86%. The ex-dividend date of this dividend is Friday, December 13th. Digital Realty Trust’s dividend payout ratio is 410.08%.

Insider Buying and Selling

In other news, CFO Matt Mercier sold 2,518 shares of the business’s stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $187.40, for a total transaction of $471,873.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.17% of the stock is currently owned by insiders.

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.