Kemper Corp Master Retirement Trust boosted its holdings in Digital Realty Trust, Inc. (NYSE:DLR) by 46.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 3,650 shares of the real estate investment trust’s stock after acquiring an additional 1,150 shares during the period. Kemper Corp Master Retirement Trust’s holdings in Digital Realty Trust were worth $416,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors have also modified their holdings of DLR. Pacer Advisors Inc. lifted its holdings in Digital Realty Trust by 10.4% in the 3rd quarter. Pacer Advisors Inc. now owns 4,298 shares of the real estate investment trust’s stock valued at $509,000 after purchasing an additional 405 shares in the last quarter. Commerce Bank lifted its holdings in Digital Realty Trust by 4.1% in the 3rd quarter. Commerce Bank now owns 10,617 shares of the real estate investment trust’s stock valued at $1,256,000 after purchasing an additional 415 shares in the last quarter. DnB Asset Management AS lifted its holdings in Digital Realty Trust by 2.6% in the 4th quarter. DnB Asset Management AS now owns 19,721 shares of the real estate investment trust’s stock valued at $2,246,000 after purchasing an additional 500 shares in the last quarter. Afam Capital Inc. lifted its holdings in Digital Realty Trust by 1.0% in the 4th quarter. Afam Capital Inc. now owns 54,462 shares of the real estate investment trust’s stock valued at $6,203,000 after purchasing an additional 543 shares in the last quarter. Finally, Harrington Investments INC lifted its holdings in Digital Realty Trust by 4.5% in the 4th quarter. Harrington Investments INC now owns 14,442 shares of the real estate investment trust’s stock valued at $1,645,000 after purchasing an additional 625 shares in the last quarter. 99.95% of the stock is currently owned by hedge funds and other institutional investors.
A number of research analysts have issued reports on DLR shares. Credit Suisse Group set a $95.00 target price on shares of Digital Realty Trust and gave the company a “hold” rating in a report on Saturday, February 17th. Robert W. Baird upgraded shares of Digital Realty Trust from a “neutral” rating to an “outperform” rating and set a $124.00 target price on the stock in a report on Tuesday, January 16th. Zacks Investment Research lowered shares of Digital Realty Trust from a “hold” rating to a “sell” rating in a report on Monday, January 15th. Wells Fargo upgraded shares of Digital Realty Trust from a “market perform” rating to an “outperform” rating and upped their target price for the company from $109.31 to $120.00 in a report on Friday, December 22nd. Finally, Deutsche Bank cut their price objective on shares of Digital Realty Trust from $130.00 to $125.00 and set a “buy” rating on the stock in a report on Friday, February 16th. Six investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $122.25.
In related news, SVP Christopher Kenney sold 10,000 shares of the stock in a transaction that occurred on Friday, March 9th. The shares were sold at an average price of $103.47, for a total transaction of $1,034,700.00. Following the completion of the sale, the senior vice president now owns 10,000 shares of the company’s stock, valued at approximately $1,034,700. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.40% of the stock is currently owned by corporate insiders.
DLR opened at $104.30 on Friday. The company has a market cap of $21,492.19, a P/E ratio of 16.99, a price-to-earnings-growth ratio of 2.35 and a beta of -0.02. Digital Realty Trust, Inc. has a 1 year low of $96.56 and a 1 year high of $127.23. The company has a debt-to-equity ratio of 0.88, a current ratio of 0.25 and a quick ratio of 0.25.
Digital Realty Trust (NYSE:DLR) last posted its earnings results on Thursday, February 15th. The real estate investment trust reported $0.34 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.52 by ($1.18). The business had revenue of $731.45 million for the quarter, compared to analyst estimates of $729.30 million. Digital Realty Trust had a return on equity of 4.03% and a net margin of 10.10%. analysts expect that Digital Realty Trust, Inc. will post 6.54 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, March 30th. Investors of record on Thursday, March 15th were given a dividend of $1.01 per share. This represents a $4.04 dividend on an annualized basis and a yield of 3.87%. The ex-dividend date was Wednesday, March 14th. This is an increase from Digital Realty Trust’s previous quarterly dividend of $0.93. Digital Realty Trust’s dividend payout ratio is 65.80%.
TRADEMARK VIOLATION WARNING: This piece of content was first reported by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are accessing this piece of content on another publication, it was illegally copied and republished in violation of United States and international copyright legislation. The legal version of this piece of content can be read at https://www.dispatchtribunal.com/2018/04/07/kemper-corp-master-retirement-trust-raises-position-in-digital-realty-trust-inc-dlr.html.
About Digital Realty Trust
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.
Receive News & Ratings for Digital Realty Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Digital Realty Trust and related companies with MarketBeat.com's FREE daily email newsletter.