Daiwa Securities Group Inc. Purchases 117,461 Shares of Digital Realty Trust, Inc. (NYSE:DLR)

Daiwa Securities Group Inc. boosted its position in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 2.5% in the third quarter, Holdings Channel.com reports. The firm owned 4,843,432 shares of the real estate investment trust’s stock after acquiring an additional 117,461 shares during the period. Digital Realty Trust comprises approximately 3.6% of Daiwa Securities Group Inc.’s investment portfolio, making the stock its 3rd largest position. Daiwa Securities Group Inc.’s holdings in Digital Realty Trust were worth $783,812,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in DLR. Cumberland Partners Ltd raised its position in shares of Digital Realty Trust by 207.3% in the 3rd quarter. Cumberland Partners Ltd now owns 46,595 shares of the real estate investment trust’s stock valued at $7,540,000 after purchasing an additional 31,430 shares in the last quarter. Cetera Investment Advisers boosted its stake in 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 during the last quarter. QRG Capital Management Inc. boosted its stake in Digital Realty Trust by 652.4% during the 2nd 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 last quarter. Choreo LLC increased its position in shares of Digital Realty Trust by 86.8% in the 2nd 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 during the last quarter. Finally, Sei Investments Co. raised its stake in shares of Digital Realty Trust by 11.2% in the 2nd 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. Hedge funds and other institutional investors own 99.71% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on DLR shares. 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 research note on Monday, October 28th. Argus downgraded Digital Realty Trust from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Scotiabank upped their target price on Digital Realty Trust from $157.00 to $178.00 and gave the company a “sector perform” rating in a report on Friday, October 25th. Evercore ISI increased their target price on Digital Realty Trust from $160.00 to $175.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 23rd. Finally, 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. Two analysts have rated the stock with a sell rating, nine have issued a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $170.37.

Digital Realty Trust Stock Performance

Shares of NYSE DLR opened at $189.84 on Friday. Digital Realty Trust, Inc. has a 1 year low of $130.00 and a 1 year 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 stock has a fifty day moving average price of $169.56 and a two-hundred day moving average price of $156.43. The firm has a market cap of $62.97 billion, a P/E ratio of 159.53, a PEG ratio of 4.97 and a beta of 0.59.

Digital Realty Trust (NYSE:DLR) last issued its quarterly earnings results on Thursday, October 24th. The real estate investment trust reported $0.09 EPS for the quarter, missing the consensus estimate 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 return on equity of 2.24% and a net margin of 8.04%. Digital Realty Trust’s revenue was up 2.1% compared to the same quarter last year. During the same quarter last year, the firm posted $1.62 earnings per share. Research analysts forecast that Digital Realty Trust, Inc. will post 6.71 EPS for the current fiscal year.

Digital Realty Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Investors of record on Friday, December 13th will be issued a dividend of $1.22 per share. This represents a $4.88 dividend on an annualized basis and a yield of 2.57%. The ex-dividend date 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.