Sentry Investment Management LLC Buys Shares of 1,479 Digital Realty Trust, Inc. (NYSE:DLR)

Sentry Investment Management LLC bought a new stake in Digital Realty Trust, Inc. (NYSE:DLR) during the 3rd quarter, Holdings Channel reports. The firm bought 1,479 shares of the real estate investment trust’s stock, valued at approximately $239,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Bessemer Group Inc. boosted its stake in shares of Digital Realty Trust by 102.1% in the first quarter. Bessemer Group Inc. now owns 19,528 shares of the real estate investment trust’s stock valued at $2,813,000 after buying an additional 9,865 shares in the last quarter. Cetera Investment Advisers raised its holdings in Digital Realty Trust by 295.5% during the first quarter. Cetera Investment Advisers now owns 31,665 shares of the real estate investment trust’s stock worth $4,561,000 after purchasing an additional 23,659 shares during the last quarter. QRG Capital Management Inc. raised its holdings in Digital Realty Trust by 652.4% during the second quarter. QRG Capital Management Inc. now owns 29,292 shares of the real estate investment trust’s stock worth $4,454,000 after purchasing an additional 25,399 shares during the last quarter. Choreo LLC raised its holdings in Digital Realty Trust by 86.8% during the second quarter. Choreo LLC now owns 8,782 shares of the real estate investment trust’s stock worth $1,336,000 after purchasing an additional 4,081 shares during the last quarter. Finally, Sei Investments Co. raised its holdings in Digital Realty Trust by 11.2% during the second quarter. Sei Investments Co. now owns 1,465,876 shares of the real estate investment trust’s stock worth $222,886,000 after purchasing an additional 147,689 shares during the last quarter. 99.71% of the stock is currently owned by hedge funds and other institutional investors.

Digital Realty Trust Price Performance

Shares of NYSE DLR opened at $177.32 on Tuesday. Digital Realty Trust, Inc. has a 1-year low of $126.22 and a 1-year high of $193.88. The business has a 50-day moving average of $161.28 and a 200-day moving average of $152.48. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.61 and a quick ratio of 1.78. The company has a market capitalization of $58.06 billion, a price-to-earnings ratio of 149.01, a PEG ratio of 5.66 and a beta of 0.59.

Digital Realty Trust (NYSE:DLR) last issued its earnings results on Thursday, October 24th. The real estate investment trust reported $0.09 earnings per share for the quarter, missing the consensus estimate 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 company had revenue of $1.43 billion during the quarter, compared to analysts’ expectations of $1.43 billion. During the same period in the previous year, the company earned $1.62 EPS. Digital Realty Trust’s quarterly revenue was up 2.1% on a year-over-year basis. On average, equities analysts anticipate that Digital Realty Trust, Inc. will post 6.7 EPS for the current fiscal year.

Digital Realty Trust Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Stockholders of record on Friday, December 13th will be given a $1.22 dividend. This represents a $4.88 annualized dividend and a dividend yield of 2.75%. Digital Realty Trust’s payout ratio is 410.08%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Evercore ISI lifted their price objective on Digital Realty Trust from $160.00 to $175.00 and gave the stock an “outperform” rating in a report on Wednesday, October 23rd. Jefferies Financial Group lifted their price objective on Digital Realty Trust from $190.00 to $205.00 and gave the stock a “buy” rating in a report on Friday, October 25th. HSBC raised Digital Realty Trust from a “reduce” rating to a “hold” rating and boosted their price target for the stock from $124.00 to $160.00 in a report on Friday, October 4th. Wells Fargo & Company boosted their price target on Digital Realty Trust from $175.00 to $185.00 and gave the stock an “overweight” rating in a report on Friday, October 25th. Finally, JPMorgan Chase & Co. boosted their price target on Digital Realty Trust from $180.00 to $185.00 and gave the stock an “overweight” rating in a report on Friday, October 25th. Two investment 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 stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $167.68.

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.