Digital Realty Trust, Inc. $DLR Shares Acquired by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. grew its position in Digital Realty Trust, Inc. (NYSE:DLR) by 87.2% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 281,821 shares of the real estate investment trust’s stock after purchasing an additional 131,250 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Digital Realty Trust were worth $49,468,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Diversify Advisory Services LLC increased its stake in shares of Digital Realty Trust by 4.4% during the third quarter. Diversify Advisory Services LLC now owns 1,667 shares of the real estate investment trust’s stock valued at $291,000 after buying an additional 70 shares during the period. Lakeshore Capital Group Inc. lifted its stake in Digital Realty Trust by 8.5% in the third quarter. Lakeshore Capital Group Inc. now owns 4,369 shares of the real estate investment trust’s stock worth $767,000 after acquiring an additional 344 shares during the period. Norway Savings Bank lifted its stake in Digital Realty Trust by 3.6% in the third quarter. Norway Savings Bank now owns 13,085 shares of the real estate investment trust’s stock worth $2,297,000 after acquiring an additional 455 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd grew its holdings in Digital Realty Trust by 10.7% during the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 165,526 shares of the real estate investment trust’s stock worth $29,055,000 after acquiring an additional 16,065 shares in the last quarter. Finally, Gold Investment Management Ltd. grew its holdings in Digital Realty Trust by 2.3% during the 3rd quarter. Gold Investment Management Ltd. now owns 15,839 shares of the real estate investment trust’s stock worth $2,780,000 after acquiring an additional 356 shares in the last quarter. Institutional investors own 99.71% of the company’s stock.

Insider Buying and Selling

In other Digital Realty Trust news, Director Mark Patterson sold 200 shares of the stock in a transaction dated Thursday, August 27th. The stock was sold at an average price of $193.96, for a total value of $38,792.00. Following the completion of the sale, the director directly owned 6,322 shares in the company, valued at approximately $1,226,215.12. This trade represents a 3.07% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.15% of the company’s stock.

Digital Realty Trust Price Performance

NYSE DLR opened at $170.72 on Friday. The firm’s fifty day simple moving average is $183.43 and its two-hundred day simple moving average is $187.03. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.68. Digital Realty Trust, Inc. has a 12-month low of $146.23 and a 12-month high of $208.14. The firm has a market capitalization of $63.34 billion, a P/E ratio of 22.26, a P/E/G ratio of 3.38 and a beta of 0.99.

Digital Realty Trust (NYSE:DLR) last issued its quarterly earnings data on Thursday, July 23rd. The real estate investment trust reported $1.21 EPS for the quarter, missing the consensus estimate of $1.98 by ($0.77). Digital Realty Trust had a net margin of 11.80% and a return on equity of 3.34%. The business had revenue of $1.92 billion for the quarter, compared to analysts’ expectations of $1.66 billion. During the same quarter in the prior year, the company posted $1.87 EPS. The business’s revenue for the quarter was up 28.9% on a year-over-year basis. Analysts forecast that Digital Realty Trust, Inc. will post 8.40 EPS for the current fiscal year.

Digital Realty Trust Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th were given a dividend of $1.22 per share. This represents a $4.88 annualized dividend and a yield of 2.9%. The ex-dividend date of this dividend was Tuesday, September 15th. Digital Realty Trust’s dividend payout ratio is currently 236.89%.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the stock. Wall Street Zen raised shares of Digital Realty Trust from a “sell” rating to a “hold” rating in a research report on Saturday, July 25th. Evercore restated an “outperform” rating and issued a $240.00 price target on shares of Digital Realty Trust in a report on Tuesday, August 18th. TD Cowen raised shares of Digital Realty Trust from a “hold” rating to a “buy” rating and upped their price target for the stock from $192.00 to $222.00 in a research report on Friday, July 24th. KeyCorp reiterated a “sector weight” rating on shares of Digital Realty Trust in a research note on Friday, July 24th. Finally, HSBC cut their price objective on shares of Digital Realty Trust from $240.00 to $235.00 and set a “buy” rating on the stock in a report on Wednesday, September 23rd. One research analyst has rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $219.78.

Digital Realty Trust Profile

Digital Realty Trust, Inc is a real estate investment trust that owns, operates and develops data center facilities for businesses, cloud service providers, information technology companies and telecommunications organizations. The company provides the physical infrastructure needed to support data storage, networking, cloud computing and other digital operations.

Its services include data center colocation, interconnection and private connectivity solutions. Digital Realty also offers access to cloud and network providers through its PlatformDIGITAL platform, which is designed to help customers deploy, connect and manage their digital infrastructure across multiple locations.

Founded in 2001, Digital Realty serves customers through a global portfolio of data centers and related facilities across North America, Europe, Asia-Pacific and Latin America.