OVERSEA CHINESE BANKING Corp Ltd Purchases 695 Shares of Digital Realty Trust, Inc. (NYSE:DLR)

OVERSEA CHINESE BANKING Corp Ltd raised its position in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 0.9% in the third quarter, HoldingsChannel reports. The fund owned 74,642 shares of the real estate investment trust’s stock after acquiring an additional 695 shares during the period. OVERSEA CHINESE BANKING Corp Ltd’s holdings in Digital Realty Trust were worth $12,079,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. Bessemer Group Inc. boosted its holdings in shares of Digital Realty Trust by 102.1% during the first quarter. Bessemer Group Inc. now owns 19,528 shares of the real estate investment trust’s stock worth $2,813,000 after acquiring an additional 9,865 shares during the period. Cetera Investment Advisers raised its position in shares of Digital Realty Trust by 295.5% in the first 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 in the last quarter. QRG Capital Management Inc. raised its position in shares of Digital Realty Trust by 652.4% in the second 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 in the last quarter. Choreo LLC raised its position in shares of Digital Realty Trust by 86.8% in the second 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 in the last quarter. Finally, Sei Investments Co. raised its position in Digital Realty Trust by 11.2% during the second quarter. Sei Investments Co. now owns 1,465,876 shares of the real estate investment trust’s stock valued at $222,886,000 after purchasing an additional 147,689 shares in the last quarter. Institutional investors own 99.71% of the company’s stock.

Digital Realty Trust Price Performance

Shares of NYSE DLR opened at $182.85 on Tuesday. The firm’s 50-day moving average price is $163.54 and its 200-day moving average price is $153.63. Digital Realty Trust, Inc. has a 1-year low of $126.87 and a 1-year high of $193.88. The firm has a market capitalization of $60.65 billion, a P/E ratio of 153.66, a P/E/G ratio of 4.83 and a beta of 0.59. The company has a current ratio of 1.61, a quick ratio of 1.78 and a debt-to-equity ratio of 0.81.

Digital Realty Trust (NYSE:DLR) last posted its earnings results on Thursday, October 24th. The real estate investment trust reported $0.09 earnings per share for the quarter, missing analysts’ consensus estimates 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 business had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.43 billion. During the same quarter in the prior year, the company earned $1.62 EPS. The company’s revenue was up 2.1% on a year-over-year basis. Equities research analysts anticipate that Digital Realty Trust, Inc. will post 6.71 earnings per share for the current fiscal year.

Digital Realty Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 17th. Shareholders of record on Friday, December 13th will be paid a $1.22 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a $4.88 annualized dividend and a yield of 2.67%. Digital Realty Trust’s dividend payout ratio (DPR) is 410.08%.

Analysts Set New Price Targets

Several research analysts have commented on DLR shares. 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. Scotiabank boosted their target price on shares of Digital Realty Trust from $157.00 to $178.00 and gave the stock a “sector perform” rating in a research note on Friday, October 25th. Argus cut shares of Digital Realty Trust from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Stifel Nicolaus reaffirmed a “buy” rating and set a $195.00 target price (up previously from $185.00) on shares of Digital Realty Trust in a research note on Friday, October 25th. Finally, TD Cowen boosted their target price on shares of Digital Realty Trust from $120.00 to $128.00 and gave the stock a “hold” rating in a research note on Friday, October 25th. 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 company. According to MarketBeat.com, Digital Realty Trust has a consensus rating of “Hold” and an average 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.