UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Grows Holdings in Digital Realty Trust, Inc. (NYSE:DLR)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Digital Realty Trust, Inc. (NYSE:DLR) by 501.7% during the third quarter, HoldingsChannel.com reports. The firm owned 4,326,914 shares of the real estate investment trust’s stock after acquiring an additional 3,607,802 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Digital Realty Trust were worth $700,224,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Meeder Asset Management Inc. purchased a new position in shares of Digital Realty Trust during the second quarter valued at $25,000. Gradient Investments LLC increased its stake in shares of Digital Realty Trust by 75.2% during the second quarter. Gradient Investments LLC now owns 177 shares of the real estate investment trust’s stock valued at $27,000 after buying an additional 76 shares during the period. American Capital Advisory LLC purchased a new position in shares of Digital Realty Trust during the second quarter valued at $27,000. Private Ocean LLC purchased a new position in shares of Digital Realty Trust during the second quarter valued at $27,000. Finally, Asset Dedication LLC purchased a new position in shares of Digital Realty Trust during the second quarter valued at $31,000. Hedge funds and other institutional investors own 99.71% of the company’s stock.

Digital Realty Trust Stock Up 0.7 %

NYSE DLR opened at $195.31 on Thursday. The business has a fifty day moving average price of $171.67 and a 200 day moving average price of $157.53. Digital Realty Trust, Inc. has a one year low of $130.00 and a one year high of $195.93. 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 company has a market cap of $64.79 billion, a P/E ratio of 164.13, a P/E/G ratio of 5.12 and a beta of 0.59.

Digital Realty Trust (NYSE:DLR) last posted its quarterly earnings data 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). Digital Realty Trust had a net margin of 8.04% and a return on equity of 2.24%. The firm had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.43 billion. During the same period in the prior year, the company posted $1.62 earnings per share. The firm’s revenue for the quarter was up 2.1% compared to the same quarter last year. Research analysts anticipate that Digital Realty Trust, Inc. will post 6.71 EPS for the current fiscal year.

Digital Realty Trust Dividend Announcement

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 issued a $1.22 dividend. This represents a $4.88 annualized dividend and a yield of 2.50%. The ex-dividend date is Friday, December 13th. Digital Realty Trust’s payout ratio is currently 410.08%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. Jefferies Financial Group raised their price target on Digital Realty Trust from $190.00 to $205.00 and gave the company a “buy” rating in a research note on Friday, October 25th. Raymond James raised their price target on Digital Realty Trust from $170.00 to $190.00 and gave the company a “strong-buy” rating in a research note on Friday, October 25th. HSBC upgraded Digital Realty Trust from a “reduce” rating to a “hold” rating and raised their price target for the company from $124.00 to $160.00 in a research note on Friday, October 4th. Royal Bank of Canada raised their price objective on Digital Realty Trust from $177.00 to $207.00 and gave the company an “outperform” rating in a research report on Monday, October 28th. Finally, Barclays raised their price objective on Digital Realty Trust from $135.00 to $142.00 and gave the company an “underweight” rating in a research report on Monday, November 18th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Digital Realty Trust presently has a consensus rating of “Hold” and a consensus price target of $170.37.

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.