GAMMA Investing LLC Increases Stake in Digital Realty Trust, Inc. (NYSE:DLR)

GAMMA Investing LLC boosted its stake in Digital Realty Trust, Inc. (NYSE:DLR) by 9.5% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 8,113 shares of the real estate investment trust’s stock after purchasing an additional 702 shares during the quarter. GAMMA Investing LLC’s holdings in Digital Realty Trust were worth $1,439,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of DLR. Meeder Asset Management Inc. purchased a new stake in shares of Digital Realty Trust during the 2nd quarter valued at $25,000. Adirondack Trust Co. boosted its holdings in Digital Realty Trust by 68.6% in the third quarter. Adirondack Trust Co. now owns 199 shares of the real estate investment trust’s stock valued at $32,000 after acquiring an additional 81 shares during the last quarter. Asset Dedication LLC purchased a new stake in Digital Realty Trust during the second quarter valued at about $31,000. Versant Capital Management Inc increased its stake in Digital Realty Trust by 480.6% during the fourth quarter. Versant Capital Management Inc now owns 209 shares of the real estate investment trust’s stock worth $37,000 after acquiring an additional 173 shares during the last quarter. Finally, Future Financial Wealth Managment LLC acquired a new position in shares of Digital Realty Trust in the 3rd quarter valued at about $38,000. 99.71% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

DLR has been the subject of a number of research analyst reports. Wells Fargo & Company increased their target price on shares of Digital Realty Trust from $185.00 to $210.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 10th. TD Cowen increased their price objective on shares of Digital Realty Trust from $120.00 to $128.00 and gave the stock a “hold” rating in a research report on Friday, October 25th. Scotiabank lifted 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 report on Friday, October 25th. Hsbc Global Res upgraded Digital Realty Trust from a “moderate sell” rating to a “hold” rating in a report on Friday, October 4th. Finally, Raymond James boosted their price objective on Digital Realty Trust from $170.00 to $190.00 and gave the stock a “strong-buy” rating in a research note on Friday, October 25th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $171.68.

Digital Realty Trust Stock Performance

Shares of DLR opened at $181.74 on Friday. The stock has a market capitalization of $60.29 billion, a PE ratio of 152.72, a price-to-earnings-growth ratio of 4.97 and a beta of 0.62. The business’s fifty day moving average price is $183.62 and its 200 day moving average price is $164.49. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.61 and a quick ratio of 1.61. Digital Realty Trust, Inc. has a 12-month low of $130.00 and a 12-month high of $198.00.

Digital Realty Trust (NYSE:DLR) last posted 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). 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 the consensus estimate of $1.43 billion. During the same quarter in the previous year, the business posted $1.62 earnings per share. The company’s quarterly revenue was up 2.1% compared to the same quarter last year. Equities research analysts forecast that Digital Realty Trust, Inc. will post 6.71 EPS for the current year.

Digital Realty Trust Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 17th. Stockholders of record on Friday, December 13th will be given a dividend of $1.22 per share. This represents a $4.88 dividend on an annualized basis and a dividend yield of 2.69%. The ex-dividend date of this dividend is Friday, December 13th. Digital Realty Trust’s payout ratio is 410.08%.

Insider Buying and Selling

In related news, CFO Matt Mercier sold 2,518 shares of Digital Realty Trust stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $187.40, for a total value of $471,873.20. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 0.17% of the company’s stock.

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.