Digital Realty Trust, Inc. (NYSE:DLR) Shares Bought by Eastern Bank

Eastern Bank increased its position in Digital Realty Trust, Inc. (NYSE:DLR) by 0.5% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 23,281 shares of the real estate investment trust’s stock after acquiring an additional 117 shares during the period. Eastern Bank’s holdings in Digital Realty Trust were worth $4,128,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Rockefeller Capital Management L.P. raised its position in shares of Digital Realty Trust by 6.4% in the third quarter. Rockefeller Capital Management L.P. now owns 381,001 shares of the real estate investment trust’s stock valued at $61,643,000 after buying an additional 23,028 shares during the last quarter. Cumberland Partners Ltd grew 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 during the period. TCW Group Inc. boosted its stake in shares of Digital Realty Trust by 161.0% in the third quarter. TCW Group Inc. now owns 50,696 shares of the real estate investment trust’s stock valued at $8,204,000 after purchasing an additional 31,272 shares during the period. Sei Investments Co. boosted its stake in shares of Digital Realty Trust by 11.2% in the second 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 during the period. Finally, Prestige Wealth Management Group LLC raised its holdings in Digital Realty Trust by 3,056.0% in the third quarter. Prestige Wealth Management Group LLC now owns 4,229 shares of the real estate investment trust’s stock valued at $684,000 after acquiring an additional 4,095 shares in the last quarter. Institutional investors and hedge funds own 99.71% of the company’s stock.

Wall Street Analysts Forecast Growth

DLR has been the topic of a number of research reports. 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. Raymond James increased their price objective on shares of Digital Realty Trust from $170.00 to $190.00 and gave the stock a “strong-buy” rating in a report on Friday, October 25th. Evercore ISI increased their price objective on shares of Digital Realty Trust from $160.00 to $175.00 and gave the stock an “outperform” rating in a report on Wednesday, October 23rd. 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 report on Friday, October 25th. Finally, Royal Bank of Canada increased their price objective on shares of Digital Realty Trust from $177.00 to $207.00 and gave the stock an “outperform” rating in a report on Monday, October 28th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Digital Realty Trust presently has a consensus rating of “Moderate Buy” and an average target price of $174.74.

Digital Realty Trust Stock Down 1.3 %

Shares of NYSE DLR traded down $2.23 during mid-day trading on Monday, reaching $171.11. The company had a trading volume of 906,055 shares, compared to its average volume of 1,788,460. The company has a market capitalization of $56.76 billion, a price-to-earnings ratio of 143.79, a PEG ratio of 4.91 and a beta of 0.62. The stock has a fifty day moving average of $183.46 and a two-hundred day moving average of $166.04. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.61 and a current ratio of 1.61. Digital Realty Trust, Inc. has a 12-month low of $131.42 and a 12-month high of $198.00.

Digital Realty Trust (NYSE:DLR) last issued its quarterly earnings data on Thursday, October 24th. The real estate investment trust reported $0.09 earnings per share for the quarter, missing the consensus estimate of $1.67 by ($1.58). The business had revenue of $1.43 billion for 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 EPS. As a group, equities research analysts expect 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. Shareholders of record on Friday, December 13th will be issued a dividend of $1.22 per share. The ex-dividend date of this dividend is Friday, December 13th. This represents a $4.88 annualized dividend and a yield of 2.85%. Digital Realty Trust’s dividend payout ratio (DPR) is presently 410.08%.

Insider Buying and Selling at Digital Realty Trust

In other Digital Realty Trust news, CFO Matt Mercier sold 2,518 shares of the stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $187.40, for a total transaction of $471,873.20. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.17% of the company’s stock.

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.