Motco Increases Stake in Digital Realty Trust, Inc. (NYSE:DLR)


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Motco raised its holdings in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 3,500.7% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 40,508 shares of the real estate investment trust’s stock after buying an additional 39,383 shares during the period. Motco’s holdings in Digital Realty Trust were worth $5,945,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Rockbridge Investment Management LCC purchased a new stake in Digital Realty Trust during the second quarter valued at approximately $28,000. Creative Financial Designs Inc. ADV purchased a new stake in Digital Realty Trust during the second quarter valued at approximately $32,000. Smithfield Trust Co. purchased a new stake in Digital Realty Trust during the second quarter valued at approximately $33,000. Hall Laurie J Trustee purchased a new stake in Digital Realty Trust during the third quarter valued at approximately $35,000. Finally, Marshall & Sullivan Inc. WA purchased a new stake in Digital Realty Trust during the third quarter valued at approximately $35,000. 91.36% of the stock is owned by institutional investors and hedge funds.

In other news, Director David C. Ruberg sold 50,000 shares of the stock in a transaction on Thursday, November 5th. The shares were sold at an average price of $149.21, for a total value of $7,460,500.00. Following the sale, the director now owns 784,136 shares of the company’s stock, valued at $117,000,932.56. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CTO Christopher Sharp sold 1,683 shares of the stock in a transaction on Tuesday, November 3rd. The shares were sold at an average price of $147.48, for a total transaction of $248,208.84. Following the completion of the sale, the chief technology officer now directly owns 1,683 shares in the company, valued at approximately $248,208.84. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 71,619 shares of company stock worth $10,781,782. 0.61% of the stock is owned by insiders.

A number of equities analysts have weighed in on DLR shares. TD Securities started coverage on shares of Digital Realty Trust in a research report on Thursday, August 6th. They issued a “hold” rating and a $170.00 price target for the company. BMO Capital Markets upgraded shares of Digital Realty Trust from a “market perform” rating to an “outperform” rating and upped their price target for the stock from $139.00 to $167.00 in a research report on Wednesday, September 16th. Raymond James upgraded shares of Digital Realty Trust from a “market perform” rating to an “outperform” rating and set a $175.00 price target for the company in a research report on Friday, July 31st. UBS Group upped their price target on shares of Digital Realty Trust from $150.00 to $154.00 and gave the stock a “neutral” rating in a research report on Friday, July 31st. Finally, Credit Suisse Group upped their price target on shares of Digital Realty Trust from $173.00 to $179.00 and gave the stock an “outperform” rating in a research report on Friday, October 30th. Seven equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. Digital Realty Trust has an average rating of “Buy” and a consensus target price of $160.16.

Digital Realty Trust stock opened at $142.70 on Friday. The company has a market cap of $39.98 billion, a price-to-earnings ratio of 58.01, a PEG ratio of 3.41 and a beta of 0.17. The firm’s fifty day moving average is $149.72 and its 200 day moving average is $146.79. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 0.74. Digital Realty Trust, Inc. has a 52-week low of $105.00 and a 52-week high of $165.49.

Digital Realty Trust (NYSE:DLR) last released its quarterly earnings results on Thursday, October 29th. The real estate investment trust reported ($0.14) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.48 by ($1.62). The business had revenue of $1.03 billion for the quarter, compared to analysts’ expectations of $993.32 million. Digital Realty Trust had a net margin of 17.50% and a return on equity of 5.31%. Digital Realty Trust’s revenue for the quarter was up 27.0% compared to the same quarter last year. During the same period in the previous year, the company earned $1.67 EPS. On average, equities research analysts anticipate that Digital Realty Trust, Inc. will post 6.13 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 15th. Investors of record on Tuesday, December 15th will be paid a dividend of $1.12 per share. This represents a $4.48 dividend on an annualized basis and a yield of 3.14%. The ex-dividend date is Monday, December 14th. Digital Realty Trust’s payout ratio is 67.37%.

Digital Realty Trust Profile

Digital Realty supports the data center, colocation and interconnection strategies of customers across the Americas, EMEA and APAC, ranging from cloud and information technology services, communications and social networking to financial services, manufacturing, energy, healthcare and consumer products.

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Institutional Ownership by Quarter for Digital Realty Trust (NYSE:DLR)

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