Vectors Research Management LLC Trims Holdings in Digital Realty Trust, Inc. (NYSE:DLR)

Vectors Research Management LLC reduced its stake in Digital Realty Trust, Inc. (NYSE:DLR) by 2.3% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 20,773 shares of the real estate investment trust’s stock after selling 481 shares during the period. Vectors Research Management LLC’s holdings in Digital Realty Trust were worth $3,362,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the stock. Bessemer Group Inc. raised its stake in Digital Realty Trust by 102.1% during the first quarter. Bessemer Group Inc. now owns 19,528 shares of the real estate investment trust’s stock worth $2,813,000 after purchasing an additional 9,865 shares during the period. Cetera Investment Advisers increased its holdings in shares of Digital Realty Trust by 295.5% during the 1st quarter. Cetera Investment Advisers now owns 31,665 shares of the real estate investment trust’s stock worth $4,561,000 after buying an additional 23,659 shares during the last quarter. QRG Capital Management Inc. raised its position in shares of Digital Realty Trust by 652.4% during the 2nd quarter. QRG Capital Management Inc. now owns 29,292 shares of the real estate investment trust’s stock valued at $4,454,000 after buying an additional 25,399 shares during the period. Choreo LLC lifted its holdings in Digital Realty Trust by 86.8% in the second quarter. Choreo LLC now owns 8,782 shares of the real estate investment trust’s stock valued at $1,336,000 after acquiring an additional 4,081 shares during the last quarter. Finally, Sei Investments Co. grew its position in Digital Realty Trust by 11.2% in the second quarter. Sei Investments Co. now owns 1,465,876 shares of the real estate investment trust’s stock worth $222,886,000 after acquiring an additional 147,689 shares during the period. Hedge funds and other institutional investors own 99.71% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on DLR shares. JPMorgan Chase & Co. increased their price target on Digital Realty Trust from $180.00 to $185.00 and gave the stock an “overweight” rating in a report on Friday, October 25th. Truist Financial increased their target price on shares of Digital Realty Trust from $168.00 to $202.00 and gave the stock a “buy” rating in a research note on Tuesday. Stifel Nicolaus reissued a “buy” rating and issued a $195.00 price target (up from $185.00) on shares of Digital Realty Trust in a research note on Friday, October 25th. Wells Fargo & Company increased their price objective on shares of Digital Realty Trust from $175.00 to $185.00 and gave the stock an “overweight” rating in a research report on Friday, October 25th. Finally, Scotiabank boosted their target price on Digital Realty Trust from $157.00 to $178.00 and gave the company a “sector perform” rating in a research report on Friday, October 25th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $169.47.

Digital Realty Trust Stock Up 0.0 %

Shares of NYSE:DLR opened at $178.17 on Friday. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 0.81. Digital Realty Trust, Inc. has a fifty-two week low of $130.00 and a fifty-two week high of $193.88. The stock has a market cap of $59.10 billion, a price-to-earnings ratio of 149.72, a price-to-earnings-growth ratio of 4.73 and a beta of 0.59. The firm’s 50 day moving average price is $165.37 and its 200 day moving average price is $154.35.

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 (EPS) for the quarter, missing the consensus estimate of $1.67 by ($1.58). The firm had revenue of $1.43 billion for the quarter, compared to analysts’ expectations of $1.43 billion. Digital Realty Trust had a return on equity of 2.24% and a net margin of 8.04%. Digital Realty Trust’s revenue for the quarter was up 2.1% on a year-over-year basis. During the same period last year, the firm posted $1.62 earnings per share. As a group, equities research analysts predict that Digital Realty Trust, Inc. will post 6.71 earnings per share for the current fiscal year.

Digital Realty Trust Dividend Announcement

The firm also recently announced 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. This represents a $4.88 annualized dividend and a dividend yield of 2.74%. The ex-dividend date is Friday, December 13th. Digital Realty Trust’s dividend payout ratio (DPR) is presently 410.08%.

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.