Global X MANAGEMENT CO LLC increased its holdings in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 21.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,666 shares of the real estate investment trust’s stock after purchasing an additional 1,004 shares during the period. Global X MANAGEMENT CO LLC’s holdings in Digital Realty Trust were worth $670,000 at the end of the most recent quarter.
Other large investors have also added to or reduced their stakes in the company. Parallel Advisors LLC lifted its holdings in shares of Digital Realty Trust by 18.0% during the 2nd quarter. Parallel Advisors LLC now owns 972 shares of the real estate investment trust’s stock valued at $112,000 after purchasing an additional 148 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Digital Realty Trust by 50.9% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 973 shares of the real estate investment trust’s stock valued at $110,000 after purchasing an additional 328 shares in the last quarter. Sun Life Financial INC lifted its holdings in shares of Digital Realty Trust by 12,844.4% during the 2nd quarter. Sun Life Financial INC now owns 1,165 shares of the real estate investment trust’s stock valued at $132,000 after purchasing an additional 1,156 shares in the last quarter. Almanack Investment Partners LLC. bought a new position in shares of Digital Realty Trust during the 2nd quarter valued at about $134,000. Finally, Investment Counselors of Maryland LLC bought a new position in shares of Digital Realty Trust during the 3rd quarter valued at about $154,000.
DLR has been the topic of several recent analyst reports. Deutsche Bank AG lifted their price objective on Digital Realty Trust from $111.00 to $130.00 and gave the company a “hold” rating in a report on Thursday, October 26th. Zacks Investment Research cut Digital Realty Trust from a “buy” rating to a “hold” rating in a report on Wednesday, October 25th. Barclays PLC reiterated a “buy” rating and set a $132.00 price objective on shares of Digital Realty Trust in a report on Friday, September 8th. William Blair initiated coverage on Digital Realty Trust in a report on Friday, September 22nd. They set a “market perform” rating on the stock. Finally, Citigroup Inc. reiterated a “neutral” rating and set a $127.00 price objective on shares of Digital Realty Trust in a report on Tuesday, September 26th. Eleven analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $125.43.
Digital Realty Trust (NYSE:DLR) last posted its quarterly earnings results on Wednesday, October 25th. The real estate investment trust reported $1.51 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.40 by $1.11. The firm had revenue of $609.90 million for the quarter, compared to analyst estimates of $595.49 million. Digital Realty Trust had a return on equity of 5.15% and a net margin of 11.71%. The business’s quarterly revenue was up 11.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.44 EPS. sell-side analysts forecast that Digital Realty Trust, Inc. will post 6.09 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, January 12th. Shareholders of record on Friday, December 15th will be given a dividend of $0.93 per share. This represents a $3.72 annualized dividend and a dividend yield of 3.15%. The ex-dividend date is Thursday, December 14th. Digital Realty Trust’s dividend payout ratio (DPR) is 302.44%.
Digital Realty Trust Profile
Digital Realty Trust, Inc is a real estate investment trust (REIT). The Company is engaged in the business of owning, acquiring, developing and operating data centers. The Company is focused on providing data center and colocation solutions for domestic and international tenants across a range of industry verticals ranging from financial services, cloud and information technology services, to manufacturing, energy, healthcare and consumer products.
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