Commerce Bank Grows Position in Digital Realty Trust, Inc. (NYSE:DLR)

Commerce Bank increased its position in Digital Realty Trust, Inc. (NYSE:DLR) by 4.6% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 7,649 shares of the real estate investment trust’s stock after purchasing an additional 339 shares during the quarter. Commerce Bank’s holdings in Digital Realty Trust were worth $1,238,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Clear Creek Financial Management LLC raised its stake in Digital Realty Trust by 1.6% during the third quarter. Clear Creek Financial Management LLC now owns 3,836 shares of the real estate investment trust’s stock valued at $621,000 after buying an additional 59 shares during the last quarter. OneDigital Investment Advisors LLC raised its stake in shares of Digital Realty Trust by 3.2% in the third quarter. OneDigital Investment Advisors LLC now owns 1,886 shares of the real estate investment trust’s stock worth $305,000 after purchasing an additional 59 shares during the last quarter. Trueblood Wealth Management LLC raised its stake in shares of Digital Realty Trust by 3.1% in the third quarter. Trueblood Wealth Management LLC now owns 2,061 shares of the real estate investment trust’s stock worth $334,000 after purchasing an additional 61 shares during the last quarter. Gilman Hill Asset Management LLC raised its stake in shares of Digital Realty Trust by 1.1% in the second quarter. Gilman Hill Asset Management LLC now owns 6,179 shares of the real estate investment trust’s stock worth $940,000 after purchasing an additional 65 shares during the last quarter. Finally, GHP Investment Advisors Inc. raised its stake in shares of Digital Realty Trust by 14.3% in the third quarter. GHP Investment Advisors Inc. now owns 527 shares of the real estate investment trust’s stock worth $85,000 after purchasing an additional 66 shares during the last quarter. Hedge funds and other institutional investors own 99.71% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on DLR shares. Wells Fargo & Company boosted their price target on Digital Realty Trust from $175.00 to $185.00 and gave the stock an “overweight” rating in a research note on Friday, October 25th. Jefferies Financial Group boosted their price target on Digital Realty Trust from $190.00 to $205.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. Argus cut Digital Realty Trust from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Hsbc Global Res upgraded Digital Realty Trust from a “moderate sell” rating to a “hold” rating in a research note on Friday, October 4th. Finally, Royal Bank of Canada lifted their price objective on Digital Realty Trust from $177.00 to $207.00 and gave the stock an “outperform” rating in a report on Monday, October 28th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Digital Realty Trust currently has an average rating of “Hold” and a consensus price target of $170.37.

Digital Realty Trust Stock Performance

NYSE:DLR opened at $189.84 on Monday. The stock has a 50-day simple moving average of $169.56 and a two-hundred day simple moving average of $156.54. Digital Realty Trust, Inc. has a 52-week low of $130.00 and a 52-week high of $193.88. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.61 and a current ratio of 1.61. The firm has a market capitalization of $62.97 billion, a PE ratio of 159.53, a P/E/G ratio of 4.97 and a beta of 0.59.

Digital Realty Trust (NYSE:DLR) last released its quarterly 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). Digital Realty Trust had a net margin of 8.04% and a return on equity of 2.24%. The company had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.43 billion. During the same period in the prior year, the firm posted $1.62 EPS. The business’s revenue for the quarter was up 2.1% on a year-over-year basis. Analysts forecast that Digital Realty Trust, Inc. will post 6.71 EPS for the current year.

Digital Realty Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 17th. Stockholders of record on Friday, December 13th will be given a $1.22 dividend. The ex-dividend date is Friday, December 13th. This represents a $4.88 annualized dividend and a dividend yield of 2.57%. Digital Realty Trust’s payout ratio is 410.08%.

Digital Realty Trust 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.