BluePointe Capital Management LLC Increases Stake in Digital Realty Trust, Inc. (NYSE:DLR)

BluePointe Capital Management LLC increased its holdings in Digital Realty Trust, Inc. (NYSE:DLR) by 4.5% in the third quarter, Holdings Channel reports. The fund owned 3,179 shares of the real estate investment trust’s stock after purchasing an additional 137 shares during the quarter. BluePointe Capital Management LLC’s holdings in Digital Realty Trust were worth $514,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in DLR. Empowered Funds LLC grew its stake in Digital Realty Trust by 21.8% in the first quarter. Empowered Funds LLC now owns 4,607 shares of the real estate investment trust’s stock valued at $664,000 after purchasing an additional 826 shares during the last quarter. ProShare Advisors LLC lifted its position in Digital Realty Trust by 2.1% during the first quarter. ProShare Advisors LLC now owns 52,521 shares of the real estate investment trust’s stock valued at $7,565,000 after acquiring an additional 1,056 shares during the last quarter. Blair William & Co. IL lifted its position in Digital Realty Trust by 7.7% during the first quarter. Blair William & Co. IL now owns 21,221 shares of the real estate investment trust’s stock valued at $3,057,000 after acquiring an additional 1,520 shares during the last quarter. 1ST Source Bank grew its holdings in Digital Realty Trust by 3.1% in the first quarter. 1ST Source Bank now owns 5,048 shares of the real estate investment trust’s stock worth $727,000 after purchasing an additional 154 shares during the last quarter. Finally, Centersquare Investment Management LLC increased its position in shares of Digital Realty Trust by 1.3% during the first quarter. Centersquare Investment Management LLC now owns 2,600,217 shares of the real estate investment trust’s stock worth $360,858,000 after purchasing an additional 34,516 shares in the last quarter. 99.71% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

DLR has been the subject of a number of recent analyst reports. Stifel Nicolaus reissued a “buy” rating and issued a $195.00 price objective (up previously from $185.00) on shares of Digital Realty Trust in a research report on Friday, October 25th. Raymond James raised their price target on Digital Realty Trust from $170.00 to $190.00 and gave the stock a “strong-buy” rating in a report on Friday, October 25th. Royal Bank of Canada upped their price objective on shares of Digital Realty Trust from $177.00 to $207.00 and gave the company an “outperform” rating in a report on Monday, October 28th. TD Cowen lifted their target price on shares of Digital Realty Trust from $120.00 to $128.00 and gave the stock a “hold” rating in a research note on Friday, October 25th. Finally, Barclays upped their price target on shares of Digital Realty Trust from $130.00 to $135.00 and gave the company an “underweight” rating in a research note on Thursday, October 10th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $169.47.

Digital Realty Trust Stock Up 0.0 %

Shares of Digital Realty Trust stock opened at $178.17 on Friday. Digital Realty Trust, Inc. has a 52-week low of $130.00 and a 52-week high of $193.88. The company has a 50 day moving average of $165.37 and a 200 day moving average of $154.35. The company has a market capitalization of $59.10 billion, a P/E ratio of 149.72, a P/E/G ratio of 4.73 and a beta of 0.59. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 0.81.

Digital Realty Trust (NYSE:DLR) last announced its quarterly 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 return on equity of 2.24% and a net margin of 8.04%. The business had revenue of $1.43 billion for the quarter, compared to analysts’ expectations of $1.43 billion. During the same period last year, the firm earned $1.62 earnings per share. The firm’s quarterly revenue was up 2.1% on a year-over-year basis. As a group, research analysts forecast that Digital Realty Trust, Inc. will post 6.71 EPS for the current fiscal year.

Digital Realty Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 17th. Shareholders of record on Friday, December 13th will be issued a dividend of $1.22 per share. The ex-dividend date is Friday, December 13th. This represents a $4.88 dividend on an annualized basis and a yield of 2.74%. Digital Realty Trust’s payout ratio is currently 410.08%.

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.