Swiss National Bank Increases Stock Holdings in Digital Realty Trust, Inc. (NYSE:DLR)

Swiss National Bank lifted its stake in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 4.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 963,149 shares of the real estate investment trust’s stock after buying an additional 38,500 shares during the period. Swiss National Bank owned about 0.29% of Digital Realty Trust worth $155,866,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of DLR. Meeder Asset Management Inc. purchased a new position in Digital Realty Trust in the second quarter worth $25,000. Gradient Investments LLC boosted its position in 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 last quarter. American Capital Advisory LLC purchased a new position in Digital Realty Trust in the second quarter worth $27,000. Private Ocean LLC purchased a new position in Digital Realty Trust in the second quarter worth $27,000. Finally, Asset Dedication LLC bought a new stake in shares of Digital Realty Trust in the second quarter valued at $31,000. Hedge funds and other institutional investors own 99.71% of the company’s stock.

Analyst Ratings Changes

Several brokerages have issued reports on DLR. Barclays boosted their target price on Digital Realty Trust from $130.00 to $135.00 and gave the company an “underweight” rating in a research note on Thursday, October 10th. Royal Bank of Canada boosted their target price on Digital Realty Trust from $177.00 to $207.00 and gave the company an “outperform” rating in a research note on Monday, October 28th. Wells Fargo & Company boosted their target price on Digital Realty Trust from $175.00 to $185.00 and gave the company an “overweight” rating in a research note on Friday, October 25th. Stifel Nicolaus restated a “buy” rating and issued a $195.00 target price (up from $185.00) on shares of Digital Realty Trust in a research note on Friday, October 25th. Finally, Argus lowered Digital Realty Trust from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $169.47.

Digital Realty Trust Price Performance

DLR opened at $179.67 on Monday. The stock has a 50-day moving average price of $166.56 and a 200-day moving average price of $155.01. 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 capitalization of $59.60 billion, a P/E ratio of 150.98, a PEG ratio of 4.77 and a beta of 0.59.

Digital Realty Trust (NYSE:DLR) last posted its quarterly earnings data 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). The firm had revenue of $1.43 billion during the quarter, compared to analysts’ expectations of $1.43 billion. Digital Realty Trust had a return on equity of 2.24% and a net margin of 8.04%. Digital Realty Trust’s revenue for the quarter was up 2.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.62 earnings per share. Equities analysts predict that Digital Realty Trust, Inc. will post 6.71 earnings per share for the current fiscal year.

Digital Realty Trust Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Investors of record on Friday, December 13th will be issued a dividend of $1.22 per share. This represents a $4.88 annualized dividend and a yield of 2.72%. 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 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.