Y Intercept Hong Kong Ltd Acquires 11,799 Shares of Digital Realty Trust, Inc. (NYSE:DLR)

Y Intercept Hong Kong Ltd grew its holdings in Digital Realty Trust, Inc. (NYSE:DLR) by 106.2% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 22,905 shares of the real estate investment trust’s stock after purchasing an additional 11,799 shares during the period. Y Intercept Hong Kong Ltd’s holdings in Digital Realty Trust were worth $3,707,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the business. Daiwa Securities Group Inc. lifted its position in Digital Realty Trust by 2.5% during the 3rd quarter. Daiwa Securities Group Inc. now owns 4,843,432 shares of the real estate investment trust’s stock worth $783,812,000 after buying an additional 117,461 shares in the last quarter. Canada Pension Plan Investment Board raised its holdings in Digital Realty Trust by 3.1% during the second quarter. Canada Pension Plan Investment Board now owns 4,826,432 shares of the real estate investment trust’s stock worth $733,859,000 after acquiring an additional 146,183 shares in the last quarter. Legal & General Group Plc boosted its position in Digital Realty Trust by 2.8% during the second quarter. Legal & General Group Plc now owns 4,730,168 shares of the real estate investment trust’s stock valued at $719,222,000 after purchasing an additional 129,799 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in Digital Realty Trust by 5.3% in the second quarter. Dimensional Fund Advisors LP now owns 4,541,327 shares of the real estate investment trust’s stock valued at $690,498,000 after purchasing an additional 228,585 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Digital Realty Trust by 501.7% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,326,914 shares of the real estate investment trust’s stock worth $700,224,000 after purchasing an additional 3,607,802 shares in the last quarter. Institutional investors and hedge funds own 99.71% of the company’s stock.

Digital Realty Trust Stock Performance

NYSE DLR opened at $192.69 on Monday. Digital Realty Trust, Inc. has a 12-month low of $130.00 and a 12-month high of $198.00. The firm has a 50-day moving average price of $176.11 and a two-hundred day moving average price of $160.04. The company has a market capitalization of $63.92 billion, a P/E ratio of 161.92, a P/E/G ratio of 5.07 and a beta of 0.62. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 0.81.

Digital Realty Trust (NYSE:DLR) last issued 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). The company had revenue of $1.43 billion for the quarter, compared to analyst estimates 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 quarterly revenue was up 2.1% compared to the same quarter last year. During the same period in the prior year, the company earned $1.62 EPS. Analysts anticipate that Digital Realty Trust, Inc. will post 6.71 earnings per share for the current year.

Digital Realty Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 17th. Investors of record on Friday, December 13th will be given a dividend of $1.22 per share. The ex-dividend date of this dividend is Friday, December 13th. This represents a $4.88 annualized dividend and a yield of 2.53%. Digital Realty Trust’s dividend payout ratio is 410.08%.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. Scotiabank raised their target price on shares of Digital Realty Trust from $157.00 to $178.00 and gave the company a “sector perform” rating in a research note on Friday, October 25th. Hsbc Global Res raised shares of Digital Realty Trust from a “moderate sell” rating to a “hold” rating in a report on Friday, October 4th. Royal Bank of Canada lifted their price target on Digital Realty Trust from $177.00 to $207.00 and gave the stock an “outperform” rating in a report on Monday, October 28th. Barclays upped their price objective on Digital Realty Trust from $135.00 to $142.00 and gave the company an “underweight” rating in a research note on Monday, November 18th. Finally, TD Cowen lifted their target price on 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, eight have given a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Digital Realty Trust has a consensus rating of “Moderate Buy” and an average target price of $170.37.

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.