Zurcher Kantonalbank Zurich Cantonalbank Purchases 2,040 Shares of Digital Realty Trust, Inc. (NYSE:DLR)

Zurcher Kantonalbank Zurich Cantonalbank raised its position in Digital Realty Trust, Inc. (NYSE:DLR) by 1.0% in the 3rd quarter, HoldingsChannel reports. The fund owned 214,888 shares of the real estate investment trust’s stock after purchasing an additional 2,040 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Digital Realty Trust were worth $34,775,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Cumberland Partners Ltd boosted its stake in Digital Realty Trust by 207.3% during the third quarter. Cumberland Partners Ltd now owns 46,595 shares of the real estate investment trust’s stock worth $7,540,000 after buying an additional 31,430 shares in the last quarter. Cetera Investment Advisers boosted its position in shares of 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 acquiring an additional 23,659 shares in the last quarter. QRG Capital Management Inc. increased its stake in 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 acquiring an additional 25,399 shares during the period. Choreo LLC raised its position in 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 worth $1,336,000 after purchasing an additional 4,081 shares in the last quarter. Finally, Sei Investments Co. lifted its stake 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 worth $222,886,000 after purchasing an additional 147,689 shares during the period. Institutional investors and hedge funds own 99.71% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Jefferies Financial Group increased their target price on Digital Realty Trust from $190.00 to $205.00 and gave the stock a “buy” rating in a report on Friday, October 25th. Evercore ISI increased their price objective on Digital Realty Trust from $160.00 to $175.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 23rd. Barclays boosted their target price on shares of Digital Realty Trust from $135.00 to $142.00 and gave the company an “underweight” rating in a research note on Monday, November 18th. Wells Fargo & Company increased their target price on shares of Digital Realty Trust from $175.00 to $185.00 and gave the stock an “overweight” rating in a research report on Friday, October 25th. Finally, Royal Bank of Canada boosted their price target on shares of Digital Realty Trust from $177.00 to $207.00 and gave the company an “outperform” rating in a research report on Monday, October 28th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Digital Realty Trust presently has a consensus rating of “Hold” and a consensus price target of $170.37.

Digital Realty Trust Stock Performance

Digital Realty Trust stock opened at $195.28 on Friday. Digital Realty Trust, Inc. has a 1 year low of $130.00 and a 1 year high of $195.93. The company’s 50-day moving average is $172.40 and its two-hundred day moving average is $157.79. 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 company has a market cap of $64.78 billion, a PE ratio of 164.10, a PEG ratio of 5.12 and a beta of 0.59.

Digital Realty Trust (NYSE:DLR) last announced 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 business had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.43 billion. Digital Realty Trust had a net margin of 8.04% and a return on equity of 2.24%. Digital Realty Trust’s revenue was up 2.1% compared to the same quarter last year. During the same period in the previous year, the business posted $1.62 earnings per share. Equities analysts anticipate that Digital Realty Trust, Inc. will post 6.71 earnings per share for the current year.

Digital Realty Trust Announces Dividend

The business also recently announced 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. This represents a $4.88 annualized dividend and a yield of 2.50%. The ex-dividend date of this dividend is Friday, December 13th. Digital Realty Trust’s payout ratio is 410.08%.

About Digital Realty Trust

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.