Greenwood Capital Associates LLC acquired a new position in shares of Digital Realty Trust, Inc. (NYSE:DLR) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 23,435 shares of the real estate investment trust’s stock, valued at approximately $2,773,000. Greenwood Capital Associates LLC owned approximately 14,448.21% of Digital Realty Trust at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in DLR. Pennsylvania Trust Co increased its position in Digital Realty Trust by 47.9% during the 2nd quarter. Pennsylvania Trust Co now owns 9,355 shares of the real estate investment trust’s stock worth $1,057,000 after purchasing an additional 3,030 shares in the last quarter. Creative Planning increased its position in Digital Realty Trust by 19.5% in the 2nd quarter. Creative Planning now owns 17,085 shares of the real estate investment trust’s stock valued at $1,930,000 after acquiring an additional 2,788 shares during the period. Trust Co. of Toledo NA OH increased its position in Digital Realty Trust by 5.0% in the 2nd quarter. Trust Co. of Toledo NA OH now owns 27,499 shares of the real estate investment trust’s stock valued at $3,106,000 after acquiring an additional 1,316 shares during the period. National Pension Service increased its position in Digital Realty Trust by 9.8% in the 2nd quarter. National Pension Service now owns 151,771 shares of the real estate investment trust’s stock valued at $17,139,000 after acquiring an additional 13,502 shares during the period. Finally, Chevy Chase Trust Holdings Inc. increased its position in Digital Realty Trust by 0.3% in the 2nd quarter. Chevy Chase Trust Holdings Inc. now owns 137,645 shares of the real estate investment trust’s stock valued at $15,547,000 after acquiring an additional 348 shares during the period.

COPYRIGHT VIOLATION NOTICE: This story was first published by The Cerbat Gem and is owned by of The Cerbat Gem. If you are reading this story on another publication, it was illegally copied and reposted in violation of international trademark and copyright law. The legal version of this story can be viewed at https://www.thecerbatgem.com/2017/11/09/greenwood-capital-associates-llc-takes-2-77-million-position-in-digital-realty-trust-inc-dlr.html.

Several equities analysts have issued reports on DLR shares. Cowen and Company restated a “buy” rating and issued a $126.00 price target on shares of Digital Realty Trust in a research report on Friday, August 25th. Barclays PLC restated a “buy” rating and issued a $132.00 price target on shares of Digital Realty Trust in a research report on Friday, September 8th. ValuEngine cut shares of Digital Realty Trust from a “buy” rating to a “hold” rating in a research report on Wednesday, October 18th. Zacks Investment Research cut shares of Digital Realty Trust from a “buy” rating to a “hold” rating in a research report on Wednesday, August 2nd. Finally, KeyCorp restated a “buy” rating and issued a $130.00 price target on shares of Digital Realty Trust in a research report on Friday, August 25th. Eleven research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Digital Realty Trust presently has an average rating of “Hold” and a consensus price target of $125.43.

Shares of Digital Realty Trust, Inc. (DLR) traded down $0.66 during midday trading on Thursday, reaching $122.84. 117,460 shares of the company traded hands, compared to its average volume of 1,250,000. The company has a market capitalization of $26,110.00, a price-to-earnings ratio of 20.40, a PEG ratio of 3.60 and a beta of -0.09. Digital Realty Trust, Inc. has a fifty-two week low of $85.63 and a fifty-two week high of $127.23. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.32 and a current ratio of 0.46.

Digital Realty Trust (NYSE:DLR) last issued its earnings results on Wednesday, October 25th. The real estate investment trust reported $1.51 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.40 by $1.11. The business had revenue of $609.90 million for the quarter, compared to analyst estimates of $595.49 million. Digital Realty Trust had a net margin of 11.71% and a return on equity of 5.15%. Digital Realty Trust’s revenue was up 11.6% on a year-over-year basis. During the same period in the prior year, the firm earned $1.44 earnings per share. equities analysts anticipate that Digital Realty Trust, Inc. will post 6.08 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, January 12th. Investors of record on Friday, December 15th will be paid a dividend of $0.93 per share. This represents a $3.72 annualized dividend and a yield of 3.03%. The ex-dividend date is Thursday, December 14th. Digital Realty Trust’s dividend payout ratio is presently 302.44%.

In related news, insider Christopher Sharp sold 25,733 shares of the stock in a transaction on Wednesday, August 16th. The shares were sold at an average price of $116.44, for a total transaction of $2,996,350.52. Following the transaction, the insider now directly owns 25,733 shares of the company’s stock, valued at $2,996,350.52. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.40% of the stock is owned by corporate insiders.

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)

Receive News & Stock Ratings for Digital Realty Trust Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Digital Realty Trust Inc. and related stocks with our FREE daily email newsletter.