Schrum Private Wealth Management LLC Purchases 1,498 Shares of Digital Realty Trust, Inc. (NYSE:DLR)

Schrum Private Wealth Management LLC grew its position in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 100.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,990 shares of the real estate investment trust’s stock after acquiring an additional 1,498 shares during the period. Schrum Private Wealth Management LLC’s holdings in Digital Realty Trust were worth $484,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of DLR. Bessemer Group Inc. boosted its position in Digital Realty Trust by 102.1% during the 1st quarter. Bessemer Group Inc. now owns 19,528 shares of the real estate investment trust’s stock valued at $2,813,000 after acquiring an additional 9,865 shares in the last quarter. Cetera Investment Advisers raised its holdings in Digital Realty Trust by 295.5% in the first quarter. Cetera Investment Advisers now owns 31,665 shares of the real estate investment trust’s stock worth $4,561,000 after purchasing an additional 23,659 shares in the last quarter. QRG Capital Management Inc. raised its holdings in Digital Realty Trust by 652.4% in the second quarter. QRG Capital Management Inc. now owns 29,292 shares of the real estate investment trust’s stock worth $4,454,000 after purchasing an additional 25,399 shares in the last quarter. Choreo LLC boosted its holdings in shares of Digital Realty Trust by 86.8% during the 2nd quarter. Choreo LLC now owns 8,782 shares of the real estate investment trust’s stock valued at $1,336,000 after buying an additional 4,081 shares in the last quarter. Finally, Sei Investments Co. grew its position in shares of Digital Realty Trust by 11.2% in the 2nd quarter. Sei Investments Co. now owns 1,465,876 shares of the real estate investment trust’s stock worth $222,886,000 after buying an additional 147,689 shares during the period. 99.71% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages recently issued reports on DLR. Royal Bank of Canada lifted their price target on shares of Digital Realty Trust from $177.00 to $207.00 and gave the company an “outperform” rating in a research report on Monday, October 28th. Wells Fargo & Company boosted their price target on Digital Realty Trust from $175.00 to $185.00 and gave the stock an “overweight” rating in a research report on Friday, October 25th. Barclays raised their price objective on Digital Realty Trust from $130.00 to $135.00 and gave the company an “underweight” rating in a research report on Thursday, October 10th. Hsbc Global Res raised Digital Realty Trust from a “moderate sell” rating to a “hold” rating in a report on Friday, October 4th. Finally, TD Cowen lifted their price target on Digital Realty Trust from $120.00 to $128.00 and gave the stock a “hold” rating in a research report on Friday, October 25th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Digital Realty Trust currently has an average rating of “Hold” and an average price target of $169.47.

Digital Realty Trust Stock Performance

Shares of DLR traded down $0.46 during trading hours on Wednesday, hitting $180.33. The stock had a trading volume of 268,286 shares, compared to its average volume of 1,851,135. The firm has a market capitalization of $59.82 billion, a PE ratio of 151.87, a PEG ratio of 4.86 and a beta of 0.59. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.61 and a quick ratio of 1.61. Digital Realty Trust, Inc. has a 12 month low of $130.00 and a 12 month high of $193.88. The stock has a fifty day moving average price of $164.79 and a 200 day moving average price of $154.18.

Digital Realty Trust (NYSE:DLR) last released its quarterly earnings results on Thursday, October 24th. The real estate investment trust reported $0.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.67 by ($1.58). The firm 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%. The company’s revenue for the quarter was up 2.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.62 earnings per share. Analysts anticipate that Digital Realty Trust, Inc. will post 6.71 EPS for the current year.

Digital Realty Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 17th. Stockholders of record on Friday, December 13th will be given a dividend of $1.22 per share. This represents a $4.88 dividend on an annualized basis and a dividend yield of 2.71%. The ex-dividend date is Friday, December 13th. Digital Realty Trust’s payout ratio is 410.08%.

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.