Stoneridge Investment Partners LLC Makes New Investment in Digital Realty Trust, Inc. (NYSE:DLR)

Stoneridge Investment Partners LLC purchased a new stake in shares of Digital Realty Trust, Inc. (NYSE:DLR) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 4,280 shares of the real estate investment trust’s stock, valued at approximately $693,000.

Other institutional investors also recently modified their holdings of the company. Meeder Asset Management Inc. bought a new position in Digital Realty Trust during the 2nd quarter valued at about $25,000. American Capital Advisory LLC bought a new position in Digital Realty Trust during the second quarter valued at approximately $27,000. Private Ocean LLC purchased a new stake in Digital Realty Trust in the second quarter worth approximately $27,000. Gradient Investments LLC raised its stake 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 valued at $27,000 after buying an additional 76 shares during the last quarter. Finally, Adirondack Trust Co. lifted its holdings in shares of Digital Realty Trust by 68.6% during the 3rd quarter. Adirondack Trust Co. now owns 199 shares of the real estate investment trust’s stock valued at $32,000 after buying an additional 81 shares during the period. 99.71% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

DLR has been the subject of several research analyst reports. Raymond James lifted their price objective 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. JPMorgan Chase & Co. upped their price target on shares of Digital Realty Trust from $180.00 to $185.00 and gave the company an “overweight” rating in a research report on Friday, October 25th. Hsbc Global Res raised shares of Digital Realty Trust from a “moderate sell” rating to a “hold” rating in a report on Friday, October 4th. Argus cut shares of Digital Realty Trust from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Finally, Royal Bank of Canada lifted their price target on shares of Digital Realty Trust from $177.00 to $207.00 and gave the stock an “outperform” rating in a research note on Monday, October 28th. Two analysts have rated the stock with a sell rating, nine have given a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $167.68.

Digital Realty Trust Stock Performance

DLR opened at $177.32 on Tuesday. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.78 and a current ratio of 1.61. The stock 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, Inc. has a fifty-two week low of $126.22 and a fifty-two week high of $193.88. The company has a fifty day moving average of $161.28 and a 200 day moving average of $152.48.

Digital Realty Trust (NYSE:DLR) last released 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 net margin of 8.04% and a return on equity of 2.24%. The business had revenue of $1.43 billion for 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 revenue for the quarter was up 2.1% compared to the same quarter last year. As a group, sell-side analysts forecast that Digital Realty Trust, Inc. will post 6.7 earnings per share for the current fiscal year.

Digital Realty Trust Announces Dividend

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 given a dividend of $1.22 per share. This represents a $4.88 dividend on an annualized basis and a yield of 2.75%. Digital Realty Trust’s dividend payout ratio (DPR) is presently 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.