Montecito Bank & Trust Purchases 333 Shares of Digital Realty Trust, Inc. (NYSE:DLR)

Montecito Bank & Trust raised its position in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 7.5% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,755 shares of the real estate investment trust’s stock after buying an additional 333 shares during the quarter. Montecito Bank & Trust’s holdings in Digital Realty Trust were worth $770,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the company. Meeder Asset Management Inc. bought a new stake in Digital Realty Trust in the second quarter worth $25,000. Gradient Investments LLC grew its stake in shares of Digital Realty Trust by 75.2% in the 2nd quarter. Gradient Investments LLC now owns 177 shares of the real estate investment trust’s stock worth $27,000 after buying an additional 76 shares in the last quarter. American Capital Advisory LLC bought a new stake in shares of Digital Realty Trust in the 2nd quarter worth about $27,000. Private Ocean LLC purchased a new stake in shares of Digital Realty Trust during the 2nd quarter valued at about $27,000. Finally, Asset Dedication LLC bought a new position in shares of Digital Realty Trust in the 2nd quarter valued at about $31,000. Institutional investors own 99.71% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on DLR shares. HSBC raised Digital Realty Trust from a “reduce” rating to a “hold” rating and boosted their target price for the company from $124.00 to $160.00 in a research report on Friday, October 4th. Jefferies Financial Group boosted their price objective on shares of Digital Realty Trust from $190.00 to $205.00 and gave the company a “buy” rating in a research report on Friday, October 25th. Stifel Nicolaus reaffirmed a “buy” rating and set a $195.00 price target (up from $185.00) on shares of Digital Realty Trust in a research note on Friday, October 25th. Raymond James increased their price objective on shares of Digital Realty Trust from $170.00 to $190.00 and gave the stock a “strong-buy” rating in a research report on Friday, October 25th. Finally, Mizuho assumed coverage on Digital Realty Trust in a research report on Thursday, July 11th. They set an “outperform” rating and a $170.00 target price for the company. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $167.68.

Digital Realty Trust Price Performance

Shares of NYSE DLR opened at $178.47 on Friday. 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 market cap of $59.20 billion, a PE ratio of 149.97, a P/E/G ratio of 5.70 and a beta of 0.59. 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 business has a 50-day simple moving average of $162.36 and a two-hundred day simple moving average of $152.93.

Digital Realty Trust (NYSE:DLR) last released its earnings results on Thursday, October 24th. The real estate investment trust reported $0.09 EPS for the quarter, missing analysts’ consensus estimates 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 return on equity of 2.24% and a net margin of 8.04%. The firm’s revenue for the quarter was up 2.1% on a year-over-year basis. During the same quarter last year, the business earned $1.62 earnings per share. As a group, equities analysts expect that Digital Realty Trust, Inc. will post 6.7 EPS for the current fiscal year.

Digital Realty Trust Dividend Announcement

The firm also recently declared 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 2.73%. The ex-dividend date of this dividend is Friday, December 13th. Digital Realty Trust’s dividend payout ratio is presently 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.