Cadence Capital Management LLC Increases Position in Digital Realty Trust, Inc. (DLR)

Cadence Capital Management LLC increased its stake in Digital Realty Trust, Inc. (NYSE:DLR) by 46.8% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 11,741 shares of the real estate investment trust’s stock after acquiring an additional 3,745 shares during the period. Cadence Capital Management LLC’s holdings in Digital Realty Trust were worth $1,389,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. National Planning Corp lifted its stake in Digital Realty Trust by 0.5% in the second quarter. National Planning Corp now owns 2,429 shares of the real estate investment trust’s stock worth $275,000 after purchasing an additional 12 shares during the last quarter. Blue Chip Partners Inc. lifted its stake in Digital Realty Trust by 0.8% in the second quarter. Blue Chip Partners Inc. now owns 1,842 shares of the real estate investment trust’s stock worth $208,000 after purchasing an additional 15 shares during the last quarter. Shoker Investment Counsel Inc. lifted its stake in Digital Realty Trust by 0.8% in the second quarter. Shoker Investment Counsel Inc. now owns 2,034 shares of the real estate investment trust’s stock worth $229,000 after purchasing an additional 17 shares during the last quarter. Carret Asset Management LLC lifted its stake in Digital Realty Trust by 1.0% in the second quarter. Carret Asset Management LLC now owns 3,236 shares of the real estate investment trust’s stock worth $366,000 after purchasing an additional 31 shares during the last quarter. Finally, Motco lifted its stake in Digital Realty Trust by 0.9% in the second quarter. Motco now owns 3,431 shares of the real estate investment trust’s stock worth $388,000 after purchasing an additional 32 shares during the last quarter. Institutional investors own 98.61% of the company’s stock.

Several analysts have weighed in on DLR shares. Barclays reissued a “buy” rating and issued a $132.00 price target on shares of Digital Realty Trust in a research note on Friday, September 8th. ValuEngine raised shares of Digital Realty Trust from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Cowen reissued a “buy” rating and issued a $126.00 price target on shares of Digital Realty Trust in a research note on Friday, August 25th. KeyCorp reissued a “buy” rating and issued a $130.00 price target on shares of Digital Realty Trust in a research note on Friday, August 25th. Finally, BidaskClub raised shares of Digital Realty Trust from a “hold” rating to a “buy” rating in a research note on Thursday, August 24th. Ten investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $125.07.

Digital Realty Trust, Inc. (DLR) opened at $118.81 on Friday. The company has a market cap of $24,408.68, a PE ratio of 19.87, a PEG ratio of 3.04 and a beta of -0.10. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.46 and a current ratio of 0.46. Digital Realty Trust, Inc. has a one year low of $88.65 and a one year high of $127.23.

Digital Realty Trust (NYSE:DLR) last released its quarterly earnings results on Wednesday, October 25th. The real estate investment trust reported $1.51 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.40 by $1.11. Digital Realty Trust had a net margin of 11.71% and a return on equity of 5.15%. The company had revenue of $609.90 million during the quarter, compared to the consensus estimate of $595.49 million. During the same period in the prior year, the firm earned $1.44 earnings per share. Digital Realty Trust’s revenue was up 11.6% on a year-over-year basis. sell-side analysts predict that Digital Realty Trust, Inc. will post 6.09 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, January 12th. Investors of record on Friday, December 15th will be paid a $0.93 dividend. This represents a $3.72 dividend on an annualized basis and a yield of 3.13%. The ex-dividend date of this dividend is Thursday, December 14th. Digital Realty Trust’s payout ratio is currently 300.00%.

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Digital Realty Trust Profile

Digital Realty Trust, Inc is a real estate investment trust (REIT). The Company is engaged in the business of owning, acquiring, developing and operating data centers. The Company is focused on providing data center and colocation solutions for domestic and international tenants across a range of industry verticals ranging from financial services, cloud and information technology services, to manufacturing, energy, healthcare and consumer products.

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

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