Tidal Investments LLC Boosts Holdings in Digital Realty Trust, Inc. (NYSE:DLR)

Tidal Investments LLC increased its stake in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 101.5% in the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 17,338 shares of the real estate investment trust’s stock after buying an additional 8,734 shares during the period. Tidal Investments LLC’s holdings in Digital Realty Trust were worth $2,497,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in shares of Digital Realty Trust by 2.0% in the first quarter. Vanguard Group Inc. now owns 48,503,593 shares of the real estate investment trust’s stock worth $6,986,458,000 after purchasing an additional 951,567 shares in the last quarter. Norges Bank purchased a new position in shares of Digital Realty Trust in the fourth quarter worth about $2,141,890,000. Principal Financial Group Inc. increased its stake in shares of Digital Realty Trust by 1.7% in the fourth quarter. Principal Financial Group Inc. now owns 5,829,206 shares of the real estate investment trust’s stock worth $784,495,000 after purchasing an additional 97,509 shares in the last quarter. Canada Pension Plan Investment Board increased its stake in shares of Digital Realty Trust by 4.0% in the first quarter. Canada Pension Plan Investment Board now owns 4,680,249 shares of the real estate investment trust’s stock worth $674,143,000 after purchasing an additional 182,100 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of Digital Realty Trust by 2.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,236,434 shares of the real estate investment trust’s stock valued at $435,559,000 after acquiring an additional 85,262 shares during the period. Hedge funds and other institutional investors own 99.71% of the company’s stock.

Digital Realty Trust Trading Up 1.9 %

Shares of NYSE DLR traded up $2.80 during mid-day trading on Thursday, hitting $152.29. The stock had a trading volume of 605,307 shares, compared to its average volume of 1,912,148. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.29 and a current ratio of 1.78. Digital Realty Trust, Inc. has a 1 year low of $113.94 and a 1 year high of $162.58. The business has a 50 day moving average price of $149.79 and a two-hundred day moving average price of $144.72. The firm has a market cap of $47.58 billion, a P/E ratio of 41.52, a price-to-earnings-growth ratio of 10.45 and a beta of 0.59.

Digital Realty Trust (NYSE:DLR) last issued its earnings results on Thursday, July 25th. The real estate investment trust reported $0.20 EPS for the quarter, missing the consensus estimate of $1.63 by ($1.43). Digital Realty Trust had a return on equity of 5.93% and a net margin of 20.58%. The firm had revenue of $1.36 billion during the quarter, compared to analysts’ expectations of $1.38 billion. During the same period in the previous year, the firm earned $1.68 earnings per share. The firm’s quarterly revenue was down .7% compared to the same quarter last year. On average, equities analysts anticipate that Digital Realty Trust, Inc. will post 6.67 EPS for the current fiscal year.

Digital Realty Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 14th were given a dividend of $1.22 per share. This represents a $4.88 dividend on an annualized basis and a yield of 3.20%. The ex-dividend date was Friday, June 14th. Digital Realty Trust’s payout ratio is currently 135.56%.

Wall Street Analyst Weigh In

A number of research firms have recently commented on DLR. BMO Capital Markets upgraded shares of Digital Realty Trust from a “market perform” rating to an “outperform” rating and raised their price objective for the company from $144.00 to $170.00 in a research report on Wednesday, June 26th. Mizuho began coverage on shares of Digital Realty Trust in a research report on Thursday, July 11th. They issued an “outperform” rating and a $170.00 price objective for the company. TD Cowen cut their price objective on shares of Digital Realty Trust from $122.00 to $120.00 and set a “hold” rating for the company in a research report on Friday, July 26th. Barclays raised their price objective on shares of Digital Realty Trust from $123.00 to $130.00 and gave the company an “underweight” rating in a research report on Wednesday, July 24th. Finally, The Goldman Sachs Group initiated coverage on shares of Digital Realty Trust in a research report on Monday, July 1st. They set a “buy” rating and a $175.00 target price for the company. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $153.44.

Digital Realty Trust 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.