BRC Investment Management LLC purchased a new stake in shares of Digital Realty Trust, Inc. (NYSE:DLR) during the third quarter, Holdings Channel reports. The institutional investor purchased 59,643 shares of the real estate investment trust’s stock, valued at approximately $5,793,000.

Several other large investors have also modified their holdings of DLR. Muzinich & Co. Inc. increased its stake in shares of Digital Realty Trust by 16.4% in the third quarter. Muzinich & Co. Inc. now owns 1,031 shares of the real estate investment trust’s stock valued at $100,000 after buying an additional 145 shares in the last quarter. Euclid Advisors LLC acquired a new stake in shares of Digital Realty Trust during the second quarter valued at about $108,000. Financial Architects Inc acquired a new stake in shares of Digital Realty Trust during the second quarter valued at about $200,000. Calamos Advisors LLC acquired a new stake in shares of Digital Realty Trust during the second quarter valued at about $213,000. Finally, Zacks Investment Management acquired a new stake in shares of Digital Realty Trust during the second quarter valued at about $217,000.

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

Shares of Digital Realty Trust, Inc. (NYSE:DLR) traded down 0.29% during mid-day trading on Friday, hitting $102.20. 177,880 shares of the company were exchanged. The firm has a market capitalization of $16.24 billion, a P/E ratio of 70.43 and a beta of 0.14. Digital Realty Trust, Inc. has a 12-month low of $69.89 and a 12-month high of $113.21. The company’s 50-day moving average price is $96.15 and its 200-day moving average price is $97.96.

Digital Realty Trust (NYSE:DLR) last issued its quarterly earnings results on Thursday, October 27th. The real estate investment trust reported $1.44 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $1.44. Digital Realty Trust had a net margin of 15.25% and a return on equity of 9.81%. The company earned $546.30 million during the quarter, compared to the consensus estimate of $538.82 million. During the same quarter in the prior year, the firm posted $1.28 EPS. The firm’s quarterly revenue was up 25.3% on a year-over-year basis. Equities research analysts predict that Digital Realty Trust, Inc. will post $2.01 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, January 13th. Stockholders of record on Thursday, December 15th will be issued a dividend of $0.88 per share. This represents a $3.52 dividend on an annualized basis and a dividend yield of 3.43%. The ex-dividend date is Tuesday, December 13th. Digital Realty Trust’s dividend payout ratio (DPR) is presently 246.15%.

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DLR has been the subject of several research reports. TheStreet upgraded shares of Digital Realty Trust from a “hold” rating to a “buy” rating in a research note on Thursday, October 27th. RBC Capital Markets reiterated a “buy” rating and issued a $120.00 target price on shares of Digital Realty Trust in a research note on Tuesday, January 3rd. Deutsche Bank AG reiterated a “buy” rating on shares of Digital Realty Trust in a research note on Friday, October 28th. Barclays PLC reiterated a “buy” rating and issued a $118.00 target price on shares of Digital Realty Trust in a research note on Thursday, December 1st. Finally, Zacks Investment Research upgraded shares of Digital Realty Trust from a “hold” rating to a “buy” rating and set a $108.00 target price for the company in a research note on Thursday, October 20th. Six research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Digital Realty Trust has a consensus rating of “Buy” and a consensus target price of $108.50.

In other news, SVP Joshua A. Mills sold 9,239 shares of the company’s stock in a transaction that occurred on Thursday, January 5th. The shares were sold at an average price of $101.94, for a total transaction of $941,823.66. Following the completion of the sale, the senior vice president now owns 9,815 shares of the company’s stock, valued at approximately $1,000,541.10. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Joshua A. Mills sold 1,759 shares of the company’s stock in a transaction that occurred on Friday, December 16th. The stock was sold at an average price of $95.20, for a total transaction of $167,456.80. Following the sale, the senior vice president now directly owns 5,925 shares of the company’s stock, valued at approximately $564,060. The disclosure for this sale can be found here. Insiders own 0.29% of the company’s stock.

About Digital Realty Trust

Digital Realty Trust, Inc is a real estate investment trust (REIT). The Company owns, acquires, develops and manages technology-related real estate. 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.

5 Day Chart for NYSE:DLR

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