Cumberland Partners Ltd Boosts Stock Holdings in Digital Realty Trust, Inc. (NYSE:DLR)

Cumberland Partners Ltd raised its position in Digital Realty Trust, Inc. (NYSE:DLR) by 207.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 46,595 shares of the real estate investment trust’s stock after buying an additional 31,430 shares during the quarter. Cumberland Partners Ltd’s holdings in Digital Realty Trust were worth $7,540,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in DLR. Pathway Financial Advisers LLC increased its holdings in Digital Realty Trust by 15,301.1% in the 3rd quarter. Pathway Financial Advisers LLC now owns 1,850,292 shares of the real estate investment trust’s stock worth $299,433,000 after acquiring an additional 1,838,278 shares during the last quarter. Massachusetts Financial Services Co. MA raised its position in shares of Digital Realty Trust by 543.6% in the second quarter. Massachusetts Financial Services Co. MA now owns 1,447,340 shares of the real estate investment trust’s stock valued at $220,068,000 after purchasing an additional 1,773,591 shares during the period. Vanguard Group Inc. boosted its holdings in Digital Realty Trust by 2.0% in the 1st quarter. Vanguard Group Inc. now owns 48,503,593 shares of the real estate investment trust’s stock worth $6,986,458,000 after buying an additional 951,567 shares during the period. Wulff Hansen & CO. lifted its position in shares of Digital Realty Trust by 15,105.0% during the second quarter. Wulff Hansen & CO. now owns 795,830 shares of the real estate investment trust’s stock worth $121,006,000 after acquiring an additional 790,596 shares in the last quarter. Finally, Electron Capital Partners LLC lifted its position in shares of Digital Realty Trust by 220.7% during the second quarter. Electron Capital Partners LLC now owns 1,041,594 shares of the real estate investment trust’s stock worth $158,374,000 after acquiring an additional 716,816 shares in the last quarter. Hedge funds and other institutional investors own 99.71% of the company’s stock.

Digital Realty Trust Trading Down 0.1 %

Shares of Digital Realty Trust stock traded down $0.23 on Tuesday, hitting $182.62. The stock had a trading volume of 87,703 shares, compared to its average volume of 1,850,019. The stock has a market cap of $60.58 billion, a price-to-earnings ratio of 153.66, a PEG ratio of 4.83 and a beta of 0.59. The company has a quick ratio of 1.78, a current ratio of 1.61 and a debt-to-equity ratio of 0.81. The stock’s 50-day simple moving average is $164.17 and its two-hundred day simple moving average is $153.92. Digital Realty Trust, Inc. has a one year low of $126.87 and a one year high of $193.88.

Digital Realty Trust (NYSE:DLR) last announced 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 quarter in the prior year, the firm earned $1.62 EPS. The firm’s revenue for the quarter was up 2.1% on a year-over-year basis. As a group, sell-side analysts predict that Digital Realty Trust, Inc. will post 6.71 EPS for the current 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 paid a dividend of $1.22 per share. This represents a $4.88 dividend on an annualized basis and a dividend yield of 2.67%. The ex-dividend date of this dividend is Friday, December 13th. Digital Realty Trust’s payout ratio is 410.08%.

Analyst Upgrades and Downgrades

DLR has been the topic of a number of recent research reports. Jefferies Financial Group increased 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. Wells Fargo & Company raised their price objective on shares of Digital Realty Trust from $175.00 to $185.00 and gave the company an “overweight” rating in a research report on Friday, October 25th. Stifel Nicolaus reissued a “buy” rating and issued a $195.00 price target (up from $185.00) on shares of Digital Realty Trust in a report on Friday, October 25th. Raymond James upped their price target on shares of Digital Realty Trust from $170.00 to $190.00 and gave the stock a “strong-buy” rating in a report on Friday, October 25th. Finally, HSBC upgraded Digital Realty Trust from a “reduce” rating to a “hold” rating and upped their target price for the stock from $124.00 to $160.00 in a research note on Friday, October 4th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $167.68.

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.