Digital Realty Trust, Inc. (NYSE:DLR) Shares Sold by Fmr LLC

Fmr LLC cut its position in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 10.3% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,436,917 shares of the real estate investment trust’s stock after selling 510,767 shares during the quarter. Fmr LLC owned 1.34% of Digital Realty Trust worth $718,026,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. Daiwa Securities Group Inc. lifted its stake in Digital Realty Trust by 2.5% during the third quarter. Daiwa Securities Group Inc. now owns 4,843,432 shares of the real estate investment trust’s stock worth $783,812,000 after purchasing an additional 117,461 shares during the last quarter. Canada Pension Plan Investment Board lifted its stake in Digital Realty Trust by 3.1% in the second quarter. Canada Pension Plan Investment Board now owns 4,826,432 shares of the real estate investment trust’s stock valued at $733,859,000 after buying an additional 146,183 shares during the last quarter. Legal & General Group Plc lifted its stake in Digital Realty Trust by 2.8% in the second quarter. Legal & General Group Plc now owns 4,730,168 shares of the real estate investment trust’s stock valued at $719,222,000 after buying an additional 129,799 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in Digital Realty Trust by 5.3% in the second quarter. Dimensional Fund Advisors LP now owns 4,541,327 shares of the real estate investment trust’s stock valued at $690,498,000 after buying an additional 228,585 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in Digital Realty Trust by 2.7% in the second quarter. Bank of New York Mellon Corp now owns 2,351,319 shares of the real estate investment trust’s stock valued at $357,518,000 after buying an additional 60,821 shares during the last quarter. 99.71% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on DLR. Wells Fargo & Company raised their target price on Digital Realty Trust from $175.00 to $185.00 and gave the company an “overweight” rating in a research note on Friday, October 25th. Hsbc Global Res raised Digital Realty Trust from a “moderate sell” rating to a “hold” rating in a report on Friday, October 4th. Jefferies Financial Group raised their price target on Digital Realty Trust from $190.00 to $205.00 and gave the company a “buy” rating in a report on Friday, October 25th. Scotiabank raised their price target on Digital Realty Trust from $157.00 to $178.00 and gave the company a “sector perform” rating in a report on Friday, October 25th. Finally, Argus lowered Digital Realty Trust from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Two analysts have rated the stock with a sell rating, nine have issued a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $170.37.

Digital Realty Trust Trading Up 0.6 %

Shares of NYSE DLR opened at $195.28 on Friday. The stock has a market cap of $64.78 billion, a price-to-earnings ratio of 164.10, a PEG ratio of 5.12 and a beta of 0.59. The business has a 50 day simple moving average of $172.40 and a 200 day simple moving average of $157.79. Digital Realty Trust, Inc. has a 52 week low of $130.00 and a 52 week high of $195.93. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.61 and a current ratio of 1.61.

Digital Realty Trust (NYSE:DLR) last announced its quarterly earnings results on Thursday, October 24th. The real estate investment trust reported $0.09 EPS for the quarter, missing the consensus estimate of $1.67 by ($1.58). The firm 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 company’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.62 EPS. On average, 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 business also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Shareholders of record on Friday, December 13th will be given a dividend of $1.22 per share. The ex-dividend date is Friday, December 13th. This represents a $4.88 dividend on an annualized basis and a yield of 2.50%. Digital Realty Trust’s payout ratio is currently 410.08%.

About Digital Realty Trust

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.