Van ECK Associates Corp Has $24.87 Million Position in Digital Realty Trust, Inc. (NYSE:DLR)

Van ECK Associates Corp boosted its holdings in Digital Realty Trust, Inc. (NYSE:DLR) by 15.5% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 149,984 shares of the real estate investment trust’s stock after purchasing an additional 20,087 shares during the period. Van ECK Associates Corp’s holdings in Digital Realty Trust were worth $24,867,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of DLR. Meeder Asset Management Inc. bought a new stake in shares of Digital Realty Trust in the 2nd quarter valued at approximately $25,000. Gradient Investments LLC lifted its holdings 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 acquiring an additional 76 shares during the period. American Capital Advisory LLC acquired a new stake in shares of Digital Realty Trust in the 2nd quarter valued at $27,000. Private Ocean LLC bought a new stake in shares of Digital Realty Trust in the 2nd quarter worth about $27,000. Finally, Asset Dedication LLC acquired a new stake in shares of Digital Realty Trust during the 2nd quarter worth about $31,000. Institutional investors and hedge funds own 99.71% of the company’s stock.

Digital Realty Trust Stock Performance

Shares of DLR opened at $177.32 on Tuesday. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.61 and a quick ratio of 1.78. The firm has a 50-day moving average of $161.28 and a 200-day moving average of $152.48. The company has a market cap of $58.06 billion, a PE ratio of 149.01, a price-to-earnings-growth ratio of 5.73 and a beta of 0.59. Digital Realty Trust, Inc. has a one year low of $126.22 and a one year high of $193.88.

Digital Realty Trust (NYSE:DLR) last released 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 analyst estimates 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 for the quarter was up 2.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.62 earnings per share. As a group, equities analysts forecast that Digital Realty Trust, Inc. will post 6.7 earnings per share for the current year.

Digital Realty Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 17th. Shareholders of record on Friday, December 13th will be given a dividend of $1.22 per share. This represents a $4.88 annualized dividend and a yield of 2.75%. Digital Realty Trust’s dividend payout ratio (DPR) is presently 410.08%.

Analyst Upgrades and Downgrades

DLR has been the topic of several recent analyst reports. Barclays boosted their target price on Digital Realty Trust from $130.00 to $135.00 and gave the stock an “underweight” rating in a report on Thursday, October 10th. Stifel Nicolaus restated a “buy” rating and set a $195.00 target price (up previously from $185.00) on shares of Digital Realty Trust in a report on Friday, October 25th. Jefferies Financial Group raised their target price 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. Truist Financial increased their price objective on shares of Digital Realty Trust from $160.00 to $168.00 and gave the stock a “buy” rating in a report on Tuesday, August 13th. Finally, Evercore ISI boosted their target price on shares of Digital Realty Trust from $160.00 to $175.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 23rd. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $167.68.

Digital Realty Trust Company 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.