Novare Capital Management LLC Invests $4.09 Million in Digital Realty Trust, Inc. (DLR)

Novare Capital Management LLC bought a new position in shares of Digital Realty Trust, Inc. (NYSE:DLR) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 34,547 shares of the real estate investment trust’s stock, valued at approximately $4,088,000.

Several other hedge funds have also recently bought and sold shares of the company. National Planning Corp boosted its stake in shares of Digital Realty Trust by 0.5% during the 2nd quarter. National Planning Corp now owns 2,429 shares of the real estate investment trust’s stock worth $275,000 after acquiring an additional 12 shares in the last quarter. Blue Chip Partners Inc. lifted its stake in Digital Realty Trust by 0.8% in the 2nd quarter. Blue Chip Partners Inc. now owns 1,842 shares of the real estate investment trust’s stock valued at $208,000 after buying an additional 15 shares in the last quarter. Shoker Investment Counsel Inc. lifted its stake in Digital Realty Trust by 0.8% in the 2nd quarter. Shoker Investment Counsel Inc. now owns 2,034 shares of the real estate investment trust’s stock valued at $229,000 after buying an additional 17 shares in the last quarter. Carret Asset Management LLC lifted its stake in Digital Realty Trust by 1.0% in the 2nd quarter. Carret Asset Management LLC now owns 3,236 shares of the real estate investment trust’s stock valued at $366,000 after buying an additional 31 shares in the last quarter. Finally, Motco lifted its stake in Digital Realty Trust by 0.9% in the 2nd quarter. Motco now owns 3,431 shares of the real estate investment trust’s stock valued at $388,000 after buying an additional 32 shares in the last quarter.

A number of research analysts recently weighed in on DLR shares. ValuEngine raised shares of Digital Realty Trust from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Stifel Nicolaus reaffirmed a “hold” rating and issued a $117.00 price target on shares of Digital Realty Trust in a research note on Thursday, September 14th. Zacks Investment Research raised shares of Digital Realty Trust from a “hold” rating to a “buy” rating and set a $133.00 price target on the stock in a research note on Wednesday, October 11th. Deutsche Bank AG raised their price target on shares of Digital Realty Trust from $111.00 to $130.00 and gave the company a “hold” rating in a research note on Thursday, October 26th. Finally, Barclays PLC reaffirmed a “buy” rating and issued a $132.00 price target on shares of Digital Realty Trust in a research note on Friday, September 8th. Eleven research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $125.43.

Digital Realty Trust, Inc. (NYSE:DLR) traded down $2.04 during trading on Friday, reaching $118.23. 374,122 shares of the company traded hands, compared to its average volume of 1,269,194. Digital Realty Trust, Inc. has a 12-month low of $86.19 and a 12-month high of $127.23. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.46 and a quick ratio of 0.46. The firm has a market cap of $24,260.00, a P/E ratio of 20.09, a PEG ratio of 3.07 and a beta of -0.09.

Digital Realty Trust (NYSE:DLR) last posted its earnings results on Wednesday, October 25th. The real estate investment trust reported $1.51 earnings per share for the quarter, beating the Thomson Reuters’ 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 firm had revenue of $609.90 million during the quarter, compared to the consensus estimate of $595.49 million. During the same quarter last year, the firm earned $1.44 EPS. The firm’s revenue for the quarter was up 11.6% on a year-over-year basis. research analysts predict that Digital Realty Trust, Inc. will post 6.09 earnings per share 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 issued a $0.93 dividend. The ex-dividend date is Thursday, December 14th. This represents a $3.72 annualized dividend and a yield of 3.15%. Digital Realty Trust’s dividend payout ratio (DPR) is presently 302.44%.

WARNING: This article was first published by The Ledger Gazette and is the property of of The Ledger Gazette. If you are accessing this article on another website, it was illegally copied and reposted in violation of U.S. and international trademark & copyright legislation. The correct version of this article can be viewed at https://ledgergazette.com/2017/11/17/novare-capital-management-llc-invests-4-09-million-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.

Want to see what other hedge funds are holding DLR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Digital Realty Trust, Inc. (NYSE:DLR).

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

Receive News & 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 companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply