Versant Capital Management Inc Buys 173 Shares of Digital Realty Trust, Inc. (NYSE:DLR)

Versant Capital Management Inc grew its stake in Digital Realty Trust, Inc. (NYSE:DLR) by 480.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 209 shares of the real estate investment trust’s stock after purchasing an additional 173 shares during the quarter. Versant Capital Management Inc’s holdings in Digital Realty Trust were worth $37,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of DLR. Meeder Asset Management Inc. acquired a new stake in Digital Realty Trust during the second quarter worth approximately $25,000. Asset Dedication LLC acquired a new stake in Digital Realty Trust during the 2nd quarter worth approximately $31,000. Adirondack Trust Co. boosted its stake in Digital Realty Trust by 68.6% in the 3rd quarter. Adirondack Trust Co. now owns 199 shares of the real estate investment trust’s stock valued at $32,000 after purchasing an additional 81 shares during the period. Future Financial Wealth Managment LLC acquired a new position in Digital Realty Trust in the 3rd quarter valued at $38,000. Finally, Dunhill Financial LLC increased its position in Digital Realty Trust by 84.4% during the 3rd quarter. Dunhill Financial LLC now owns 271 shares of the real estate investment trust’s stock worth $44,000 after buying an additional 124 shares during the period. Institutional investors and hedge funds own 99.71% of the company’s stock.

Digital Realty Trust Stock Down 1.3 %

Shares of NYSE:DLR opened at $179.38 on Tuesday. Digital Realty Trust, Inc. has a 1 year low of $130.28 and a 1 year high of $198.00. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.61 and a quick ratio of 1.61. The business’s 50-day moving average is $183.56 and its 200-day moving average is $165.16. The company has a market capitalization of $59.50 billion, a price-to-earnings ratio of 150.74, a P/E/G ratio of 4.97 and a beta of 0.64.

Digital Realty Trust (NYSE:DLR) last released its quarterly earnings data on Thursday, October 24th. The real estate investment trust reported $0.09 earnings per share for the quarter, missing the consensus estimate of $1.67 by ($1.58). The company had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.43 billion. Digital Realty Trust had a net margin of 8.04% and a return on equity of 2.24%. The business’s revenue was up 2.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.62 EPS. Equities research analysts predict that Digital Realty Trust, Inc. will post 6.71 earnings per share for the current year.

Digital Realty Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 17th. Stockholders of record on Friday, December 13th will be given a dividend of $1.22 per share. The ex-dividend date of this dividend is Friday, December 13th. This represents a $4.88 dividend on an annualized basis and a dividend yield of 2.72%. Digital Realty Trust’s dividend payout ratio (DPR) is presently 410.08%.

Insider Activity at Digital Realty Trust

In related news, CFO Matt Mercier sold 2,518 shares of the stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $187.40, for a total value of $471,873.20. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.17% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on DLR shares. Wells Fargo & Company upped their price target on shares of Digital Realty Trust from $185.00 to $210.00 and gave the company an “overweight” rating in a research note on Tuesday, December 10th. TD Cowen raised their target price on shares of Digital Realty Trust from $120.00 to $128.00 and gave the stock a “hold” rating in a report on Friday, October 25th. HSBC upgraded Digital Realty Trust from a “reduce” rating to a “hold” rating and boosted their price target for the company from $124.00 to $160.00 in a research note on Friday, October 4th. Stifel Nicolaus lifted their price objective on Digital Realty Trust from $195.00 to $205.00 and gave the company a “buy” rating in a report on Thursday, November 21st. Finally, Royal Bank of Canada increased their target price on Digital Realty Trust from $177.00 to $207.00 and gave the stock an “outperform” rating in a report on Monday, October 28th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Digital Realty Trust presently has an average rating of “Moderate Buy” and an average price target of $171.68.

Digital Realty Trust Profile

Digital Realty brings companies and data together by delivering the full spectrum of data center, colocation, and interconnection solutions. PlatformDIGITAL, the company's global data center platform, provides customers with a secure data meeting place and a proven Pervasive Datacenter Architecture (PDx) solution methodology for powering innovation and efficiently managing Data Gravity challenges.