LGT Capital Partners LTD. Sells 6,300 Shares of Digital Realty Trust, Inc. (NYSE:DLR)

LGT Capital Partners LTD. lowered its holdings in Digital Realty Trust, Inc. (NYSE:DLR) by 15.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 34,556 shares of the real estate investment trust’s stock after selling 6,300 shares during the quarter. LGT Capital Partners LTD.’s holdings in Digital Realty Trust were worth $5,592,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Clear Creek Financial Management LLC increased its stake in Digital Realty Trust by 1.6% in the third quarter. Clear Creek Financial Management LLC now owns 3,836 shares of the real estate investment trust’s stock valued at $621,000 after acquiring an additional 59 shares during the period. OneDigital Investment Advisors LLC boosted its position in Digital Realty Trust by 3.2% in the third quarter. OneDigital Investment Advisors LLC now owns 1,886 shares of the real estate investment trust’s stock valued at $305,000 after buying an additional 59 shares in the last quarter. Trueblood Wealth Management LLC boosted its position in Digital Realty Trust by 3.1% in the third quarter. Trueblood Wealth Management LLC now owns 2,061 shares of the real estate investment trust’s stock valued at $334,000 after buying an additional 61 shares in the last quarter. Gilman Hill Asset Management LLC boosted its position in Digital Realty Trust by 1.1% in the second quarter. Gilman Hill Asset Management LLC now owns 6,179 shares of the real estate investment trust’s stock valued at $940,000 after buying an additional 65 shares in the last quarter. Finally, GHP Investment Advisors Inc. boosted its position in Digital Realty Trust by 14.3% in the third quarter. GHP Investment Advisors Inc. now owns 527 shares of the real estate investment trust’s stock valued at $85,000 after buying an additional 66 shares in the last quarter. Institutional investors own 99.71% of the company’s stock.

Digital Realty Trust Stock Up 2.0 %

Shares of NYSE:DLR opened at $183.26 on Tuesday. Digital Realty Trust, Inc. has a 52 week low of $130.00 and a 52 week high of $193.88. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.61 and a current ratio of 1.61. The company has a market capitalization of $60.79 billion, a PE ratio of 154.00, a PEG ratio of 4.77 and a beta of 0.59. The company has a 50 day moving average price of $167.24 and a two-hundred day moving average price of $155.31.

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

Digital Realty Trust Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Shareholders of record on Friday, December 13th will be paid a $1.22 dividend. This represents a $4.88 annualized dividend and a yield of 2.66%. The ex-dividend date of this dividend is Friday, December 13th. Digital Realty Trust’s payout ratio is presently 410.08%.

Analysts Set New Price Targets

DLR has been the topic of a number of recent analyst reports. Scotiabank boosted their price target on shares of 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. TD Cowen boosted their price target on shares of Digital Realty Trust from $120.00 to $128.00 and gave the company a “hold” rating in a research report on Friday, October 25th. Raymond James boosted their price target on shares of Digital Realty Trust from $170.00 to $190.00 and gave the company a “strong-buy” rating in a research report on Friday, October 25th. Barclays upped their target price on shares of Digital Realty Trust from $135.00 to $142.00 and gave the stock an “underweight” rating in a research report on Monday. Finally, JPMorgan Chase & Co. upped their target price on shares of Digital Realty Trust from $180.00 to $185.00 and gave the stock an “overweight” rating in a research report on Friday, October 25th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $169.84.

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.