Chevy Chase Trust Holdings LLC Reduces Holdings in Digital Realty Trust, Inc. (NYSE:DLR)

Chevy Chase Trust Holdings LLC decreased its holdings in Digital Realty Trust, Inc. (NYSE:DLR) by 6.9% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 165,062 shares of the real estate investment trust’s stock after selling 12,149 shares during the quarter. Chevy Chase Trust Holdings LLC’s holdings in Digital Realty Trust were worth $26,712,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Meeder Asset Management Inc. purchased a new position in shares of Digital Realty Trust in the second quarter worth approximately $25,000. American Capital Advisory LLC purchased a new position in shares of Digital Realty Trust in the second quarter worth approximately $27,000. Private Ocean LLC purchased a new position in shares of Digital Realty Trust in the second quarter worth approximately $27,000. Gradient Investments LLC boosted its holdings in shares of Digital Realty Trust by 75.2% in the second quarter. Gradient Investments LLC now owns 177 shares of the real estate investment trust’s stock worth $27,000 after buying an additional 76 shares during the last quarter. Finally, Adirondack Trust Co. lifted its holdings in Digital Realty Trust by 68.6% during the third 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 in the last quarter. Hedge funds and other institutional investors own 99.71% of the company’s stock.

Digital Realty Trust Trading Down 1.8 %

Shares of DLR opened at $192.18 on Tuesday. The company’s fifty day moving average is $173.14 and its 200 day moving average is $158.36. Digital Realty Trust, Inc. has a fifty-two week low of $130.00 and a fifty-two week high of $198.00. The stock has a market capitalization of $63.75 billion, a PE ratio of 161.49, a P/E/G ratio of 5.19 and a beta of 0.59. 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 earnings per share for the quarter, missing the consensus estimate of $1.67 by ($1.58). Digital Realty Trust had a return on equity of 2.24% and a net margin of 8.04%. The business had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.43 billion. During the same quarter in the prior year, the firm posted $1.62 EPS. The company’s revenue for the quarter was up 2.1% on a year-over-year basis. Sell-side analysts expect 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 declared a quarterly dividend, which will be paid on Friday, January 17th. Investors of record on Friday, December 13th will be given a $1.22 dividend. This represents a $4.88 annualized dividend and a yield of 2.54%. The ex-dividend date is Friday, December 13th. Digital Realty Trust’s dividend payout ratio is presently 410.08%.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on DLR shares. JPMorgan Chase & Co. lifted their price target on shares of Digital Realty Trust from $180.00 to $185.00 and gave the company an “overweight” 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. HSBC raised shares of Digital Realty Trust from a “reduce” rating to a “hold” rating and lifted their price target for the company from $124.00 to $160.00 in a report on Friday, October 4th. Evercore ISI lifted their price target on shares of Digital Realty Trust from $160.00 to $175.00 and gave the company an “outperform” rating in a report on Wednesday, October 23rd. Finally, Barclays lifted their price target on shares of Digital Realty Trust from $135.00 to $142.00 and gave the company an “underweight” rating in a report on Monday, November 18th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Digital Realty Trust currently has a consensus rating of “Hold” and a consensus price target of $170.37.

Digital Realty Trust Company 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.