Easterly Investment Partners LLC Invests $9.03 Million in Digital Realty Trust, Inc. (NYSE:DLR)

Easterly Investment Partners LLC acquired a new position in Digital Realty Trust, Inc. (NYSE:DLR) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 55,806 shares of the real estate investment trust’s stock, valued at approximately $9,031,000.

A number of other hedge funds have also recently made changes to their positions in DLR. Bessemer Group Inc. raised its holdings in Digital Realty Trust by 102.1% during the 1st quarter. Bessemer Group Inc. now owns 19,528 shares of the real estate investment trust’s stock valued at $2,813,000 after buying an additional 9,865 shares during the last quarter. Cetera Investment Advisers raised its holdings in Digital Realty Trust by 295.5% during the 1st quarter. Cetera Investment Advisers now owns 31,665 shares of the real estate investment trust’s stock valued at $4,561,000 after buying an additional 23,659 shares during the last quarter. QRG Capital Management Inc. raised its holdings in Digital Realty Trust by 652.4% during the 2nd quarter. QRG Capital Management Inc. now owns 29,292 shares of the real estate investment trust’s stock valued at $4,454,000 after buying an additional 25,399 shares during the last quarter. Choreo LLC raised its holdings in Digital Realty Trust by 86.8% during the 2nd quarter. Choreo LLC now owns 8,782 shares of the real estate investment trust’s stock valued at $1,336,000 after buying an additional 4,081 shares during the last quarter. Finally, Sei Investments Co. raised its holdings in Digital Realty Trust by 11.2% during the 2nd quarter. Sei Investments Co. now owns 1,465,876 shares of the real estate investment trust’s stock valued at $222,886,000 after buying an additional 147,689 shares during the last quarter. 99.71% of the stock is currently owned by institutional investors.

Digital Realty Trust Stock Performance

Shares of NYSE:DLR traded up $3.95 during trading on Friday, hitting $182.42. The company’s stock had a trading volume of 560,055 shares, compared to its average volume of 1,849,379. The company has a 50-day moving average of $162.36 and a 200-day moving average of $152.93. Digital Realty Trust, Inc. has a 12 month low of $126.22 and a 12 month high of $193.88. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.61 and a quick ratio of 1.78. The firm has a market cap of $60.51 billion, a price-to-earnings ratio of 149.97, a P/E/G ratio of 5.70 and a beta of 0.59.

Digital Realty Trust (NYSE:DLR) last released its earnings results on Thursday, October 24th. The real estate investment trust reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate 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%. The company’s revenue was up 2.1% compared to the same quarter last year. During the same period in the prior year, the company posted $1.62 earnings per share. On average, sell-side analysts expect that Digital Realty Trust, Inc. will post 6.7 earnings per share for the current year.

Digital Realty Trust Dividend Announcement

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 issued a dividend of $1.22 per share. This represents a $4.88 dividend on an annualized basis and a yield of 2.68%. The ex-dividend date is Friday, December 13th. Digital Realty Trust’s dividend payout ratio (DPR) is currently 410.08%.

Analyst Upgrades and Downgrades

A number of research firms recently commented on DLR. Raymond James upped their price target on shares of Digital Realty Trust from $170.00 to $190.00 and gave the company a “strong-buy” rating in a report on Friday, October 25th. Mizuho started coverage on shares of Digital Realty Trust in a research report on Thursday, July 11th. They set an “outperform” rating and a $170.00 price objective on the stock. Evercore ISI boosted their price objective on shares of Digital Realty Trust from $160.00 to $175.00 and gave the company an “outperform” rating in a research report on Wednesday, October 23rd. Hsbc Global Res raised shares of Digital Realty Trust from a “moderate sell” rating to a “hold” rating in a research report on Friday, October 4th. Finally, TD Cowen boosted their price objective on shares of Digital Realty Trust from $120.00 to $128.00 and gave the company a “hold” rating in a research report on Friday, October 25th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Digital Realty Trust currently has an average rating of “Hold” and a consensus price target 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.