Massachusetts Financial Services Co. MA Cuts Holdings in Digital Realty Trust, Inc. (NYSE:DLR)

Massachusetts Financial Services Co. MA lessened its holdings in Digital Realty Trust, Inc. (NYSE:DLR) by 0.7% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 1,437,655 shares of the real estate investment trust’s stock after selling 9,685 shares during the quarter. Massachusetts Financial Services Co. MA’s holdings in Digital Realty Trust were worth $232,656,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. Pathway Financial Advisers LLC boosted its stake in Digital Realty Trust by 15,301.1% during the 3rd quarter. Pathway Financial Advisers LLC now owns 1,850,292 shares of the real estate investment trust’s stock worth $299,433,000 after purchasing an additional 1,838,278 shares during the period. Wulff Hansen & CO. increased its position in Digital Realty Trust by 15,105.0% during the second quarter. Wulff Hansen & CO. now owns 795,830 shares of the real estate investment trust’s stock worth $121,006,000 after buying an additional 790,596 shares in the last quarter. Electron Capital Partners LLC lifted its holdings in Digital Realty Trust by 220.7% in the 2nd quarter. Electron Capital Partners LLC now owns 1,041,594 shares of the real estate investment trust’s stock valued at $158,374,000 after purchasing an additional 716,816 shares in the last quarter. Daiwa Securities Group Inc. raised its holdings in Digital Realty Trust by 16.8% in the 2nd quarter. Daiwa Securities Group Inc. now owns 4,725,971 shares of the real estate investment trust’s stock valued at $718,584,000 after acquiring an additional 678,165 shares during the last quarter. Finally, Ghisallo Capital Management LLC acquired a new stake in Digital Realty Trust in the 2nd quarter worth about $76,025,000. Hedge funds and other institutional investors own 99.71% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on DLR. Scotiabank lifted their target price 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. Hsbc Global Res raised shares of Digital Realty Trust from a “moderate sell” rating to a “hold” rating in a report on Friday, October 4th. Evercore ISI raised their price target on shares of Digital Realty Trust from $160.00 to $175.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 23rd. 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. Finally, Argus lowered Digital Realty Trust from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $170.37.

Digital Realty Trust Price Performance

DLR opened at $189.86 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 12-month low of $130.00 and a 12-month high of $193.88. The stock has a fifty day moving average of $169.56 and a 200-day moving average of $156.35. The firm has a market capitalization of $62.98 billion, a P/E ratio of 159.55, a PEG ratio of 4.97 and a beta of 0.59.

Digital Realty Trust (NYSE:DLR) last issued its earnings results 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 firm had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.43 billion. Digital Realty Trust had a return on equity of 2.24% and a net margin of 8.04%. The business’s revenue for the quarter was up 2.1% on a year-over-year basis. During the same period in the previous year, the company earned $1.62 earnings per share. Equities analysts forecast that Digital Realty Trust, Inc. will post 6.71 EPS for the current fiscal year.

Digital Realty Trust Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, January 17th. Shareholders of record on Friday, December 13th will be issued a dividend of $1.22 per share. The ex-dividend date is Friday, December 13th. This represents a $4.88 annualized dividend and a yield of 2.57%. Digital Realty Trust’s dividend payout ratio (DPR) is presently 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.