Digital Realty Trust, Inc. (NYSE:DLR) Stock Position Lifted by Alpha Cubed Investments LLC

Alpha Cubed Investments LLC raised its stake in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 27.7% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 198,726 shares of the real estate investment trust’s stock after purchasing an additional 43,051 shares during the period. Digital Realty Trust accounts for about 1.6% of Alpha Cubed Investments LLC’s holdings, making the stock its 20th biggest position. Alpha Cubed Investments LLC’s holdings in Digital Realty Trust were worth $35,240,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of DLR. Adirondack Trust Co. lifted its position in shares of 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 worth $32,000 after buying an additional 81 shares during the last quarter. FNY Investment Advisers LLC acquired a new position in Digital Realty Trust in the 4th quarter valued at approximately $35,000. Versant Capital Management Inc lifted its position in shares of Digital Realty Trust by 480.6% in the 4th 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 period. Future Financial Wealth Managment LLC acquired a new stake in shares of Digital Realty Trust during the 3rd quarter worth approximately $38,000. Finally, First Financial Corp IN bought a new position in Digital Realty Trust in the fourth quarter worth $42,000. 99.71% of the stock is currently owned by hedge funds and other institutional investors.

Digital Realty Trust Trading Down 0.9 %

Shares of NYSE DLR opened at $178.54 on Tuesday. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 0.81. Digital Realty Trust, Inc. has a twelve month low of $131.42 and a twelve month high of $198.00. The company’s fifty day moving average is $183.19 and its 200-day moving average is $166.90. The stock has a market cap of $59.22 billion, a price-to-earnings ratio of 150.03, a P/E/G ratio of 4.48 and a beta of 0.64.

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). The company had revenue of $1.43 billion during 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%. The company’s revenue was up 2.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.62 earnings per share. Equities research analysts predict that Digital Realty Trust, Inc. will post 6.71 EPS for the current year.

Digital Realty Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 17th. Shareholders of record on Friday, December 13th were paid a $1.22 dividend. The ex-dividend date was Friday, December 13th. This represents a $4.88 annualized dividend and a yield of 2.73%. Digital Realty Trust’s dividend payout ratio is 410.08%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on DLR. Royal Bank of Canada upped their price objective on Digital Realty Trust from $177.00 to $207.00 and gave the company an “outperform” rating in a research note on Monday, October 28th. Hsbc Global Res upgraded Digital Realty Trust from a “moderate sell” rating to a “hold” rating in a research report on Friday, October 4th. Deutsche Bank Aktiengesellschaft raised Digital Realty Trust from a “hold” rating to a “buy” rating and lifted their price objective for the company from $185.00 to $194.00 in a report on Wednesday, January 15th. Barclays increased their target price on shares of Digital Realty Trust from $135.00 to $142.00 and gave the stock an “underweight” rating in a research report on Monday, November 18th. Finally, Scotiabank boosted their price target on shares of Digital Realty Trust from $157.00 to $178.00 and gave the company a “sector perform” rating in a research report on Friday, October 25th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Digital Realty Trust has a consensus rating of “Moderate Buy” and a consensus target price of $177.32.

Insider Activity

In related news, CFO Matt Mercier sold 2,518 shares of the firm’s stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $187.40, for a total transaction of $471,873.20. The transaction was disclosed in a document filed with the SEC, which is available through this link. 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.