Waddell & Associates LLC Makes New $317,000 Investment in Digital Realty Trust, Inc. (NYSE:DLR)

Waddell & Associates LLC purchased a new stake in Digital Realty Trust, Inc. (NYSE:DLR) in the third quarter, HoldingsChannel reports. The firm purchased 1,956 shares of the real estate investment trust’s stock, valued at approximately $317,000.

Other institutional investors have also recently bought and sold shares of the company. Meeder Asset Management Inc. acquired a new stake in shares of Digital Realty Trust in the 2nd quarter valued at $25,000. Gradient Investments LLC raised its holdings 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 worth $27,000 after purchasing an additional 76 shares during the last quarter. American Capital Advisory LLC acquired a new position in Digital Realty Trust during the 2nd quarter valued at about $27,000. Private Ocean LLC acquired a new stake in shares of Digital Realty Trust during the 2nd quarter worth approximately $27,000. Finally, Asset Dedication LLC bought a new stake in shares of Digital Realty Trust during the second quarter worth approximately $31,000. Institutional investors own 99.71% of the company’s stock.

Analyst Ratings Changes

DLR has been the subject of a number of analyst reports. Argus lowered shares of Digital Realty Trust from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Wells Fargo & Company lifted their price objective on Digital Realty Trust from $175.00 to $185.00 and gave the stock an “overweight” rating in a research note on Friday, October 25th. Scotiabank raised their target price on Digital Realty Trust from $157.00 to $178.00 and gave the stock a “sector perform” rating in a report on Friday, October 25th. TD Cowen upped their price target on Digital Realty Trust from $120.00 to $128.00 and gave the company a “hold” rating in a research note on Friday, October 25th. Finally, Raymond James increased their target price on shares of Digital Realty Trust from $170.00 to $190.00 and gave the stock a “strong-buy” rating in a report on Friday, October 25th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Digital Realty Trust presently has a consensus rating of “Hold” and an average target price of $170.37.

Digital Realty Trust Stock Performance

DLR opened at $189.86 on Friday. The business’s 50-day simple moving average is $169.56 and its 200 day simple moving average is $156.35. Digital Realty Trust, Inc. has a 52-week low of $130.00 and a 52-week high of $193.88. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.61 and a current ratio of 1.61. The firm has a market capitalization of $62.98 billion, a PE ratio of 159.55, a PEG ratio of 4.97 and a beta of 0.59.

Digital Realty Trust (NYSE:DLR) last released its quarterly earnings data on Thursday, October 24th. The real estate investment trust reported $0.09 EPS for the quarter, missing the consensus estimate of $1.67 by ($1.58). The company had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.43 billion. Digital Realty Trust had a net margin of 8.04% and a return on equity of 2.24%. The company’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same period in the previous year, the company posted $1.62 EPS. As a group, sell-side analysts expect that Digital Realty Trust, Inc. will post 6.71 earnings per share for the current fiscal year.

Digital Realty Trust Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Stockholders of record on Friday, December 13th will be issued a $1.22 dividend. 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 2.57%. Digital Realty Trust’s payout ratio is 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.