Sycomore Asset Management Purchases Shares of 500,000 Digital Realty Trust, Inc. (NYSE:DLR)

Sycomore Asset Management acquired a new position in shares of Digital Realty Trust, Inc. (NYSE:DLR) in the 3rd quarter, Holdings Channel reports. The institutional investor acquired 500,000 shares of the real estate investment trust’s stock, valued at approximately $80,915,000. Digital Realty Trust comprises approximately 11.8% of Sycomore Asset Management’s investment portfolio, making the stock its biggest holding.

Other hedge funds also recently modified their holdings of the company. Meeder Asset Management Inc. bought a new position in shares of Digital Realty Trust in the 2nd quarter valued at about $25,000. Gradient Investments LLC increased its position in shares of Digital Realty Trust by 75.2% in the second 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 period. American Capital Advisory LLC bought a new stake in Digital Realty Trust during the second quarter worth about $27,000. Private Ocean LLC bought a new position in Digital Realty Trust in the 2nd quarter valued at about $27,000. Finally, Asset Dedication LLC acquired a new stake in shares of Digital Realty Trust in the 2nd quarter valued at $31,000. Institutional investors and hedge funds own 99.71% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. JPMorgan Chase & Co. upped their price objective on Digital Realty Trust from $180.00 to $185.00 and gave the company an “overweight” rating in a research note on Friday, October 25th. Barclays upped their price target on Digital Realty Trust from $130.00 to $135.00 and gave the company an “underweight” rating in a research report on Thursday, October 10th. 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. Royal Bank of Canada boosted their target price 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. Finally, HSBC raised Digital Realty Trust from a “reduce” rating to a “hold” rating and raised their target price for the stock from $124.00 to $160.00 in a research note on Friday, October 4th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $169.47.

Digital Realty Trust Price Performance

Shares of DLR traded down $0.27 during trading hours on Thursday, reaching $177.86. 384,052 shares of the company’s stock traded hands, compared to its average volume of 1,851,732. Digital Realty Trust, Inc. has a 12 month low of $130.00 and a 12 month high of $193.88. The company has a current ratio of 1.61, a quick ratio of 1.61 and a debt-to-equity ratio of 0.81. The stock has a market cap of $59.00 billion, a PE ratio of 149.11, a price-to-earnings-growth ratio of 4.80 and a beta of 0.59. The firm’s 50 day simple moving average is $165.37 and its 200-day simple moving average is $154.35.

Digital Realty Trust (NYSE:DLR) last issued its earnings results 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). Digital Realty Trust had a return on equity of 2.24% and a net margin of 8.04%. The firm 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 firm earned $1.62 earnings per share. The firm’s quarterly revenue was up 2.1% compared to the same quarter last year. Equities analysts expect that Digital Realty Trust, Inc. will post 6.71 EPS for the current year.

Digital Realty Trust Announces Dividend

The firm also recently announced 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 of this dividend is Friday, December 13th. This represents a $4.88 dividend on an annualized basis and a yield of 2.74%. Digital Realty Trust’s dividend payout ratio is currently 410.08%.

Digital Realty Trust Company 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.