NFJ Investment Group LLC Sells 6,506 Shares of Digital Realty Trust, Inc. (NYSE:DLR)

NFJ Investment Group LLC reduced its holdings in Digital Realty Trust, Inc. (NYSE:DLR) by 11.2% during the third quarter, Holdings Channel.com reports. The institutional investor owned 51,765 shares of the real estate investment trust’s stock after selling 6,506 shares during the quarter. NFJ Investment Group LLC’s holdings in Digital Realty Trust were worth $8,377,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in DLR. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Digital Realty Trust by 501.7% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,326,914 shares of the real estate investment trust’s stock worth $700,224,000 after buying an additional 3,607,802 shares in the last quarter. Pathway Financial Advisers LLC raised its position in shares of Digital Realty Trust by 15,301.1% in 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 acquiring an additional 1,838,278 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its stake in shares of Digital Realty Trust by 543.6% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 1,447,340 shares of the real estate investment trust’s stock valued at $220,068,000 after purchasing an additional 1,773,591 shares during the period. Wulff Hansen & CO. boosted its position in shares of 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 valued at $121,006,000 after purchasing an additional 790,596 shares in the last quarter. Finally, Electron Capital Partners LLC grew its stake in Digital Realty Trust by 220.7% in the second quarter. Electron Capital Partners LLC now owns 1,041,594 shares of the real estate investment trust’s stock worth $158,374,000 after purchasing an additional 716,816 shares during the period. 99.71% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have commented on DLR shares. Truist Financial raised their price objective on Digital Realty Trust from $168.00 to $202.00 and gave the company a “buy” rating in a research report on Tuesday, November 12th. TD Cowen boosted their price objective on shares of Digital Realty Trust from $120.00 to $128.00 and gave the stock a “hold” rating in a research note on Friday, October 25th. Hsbc Global Res raised shares of Digital Realty Trust from a “moderate sell” rating to a “hold” rating in a research note on Friday, October 4th. Jefferies Financial Group lifted their target price on shares of Digital Realty Trust from $190.00 to $205.00 and gave the company a “buy” rating in a report on Friday, October 25th. Finally, Stifel Nicolaus raised their price objective on Digital Realty Trust from $195.00 to $205.00 and gave the company a “buy” rating in a research report on Thursday, November 21st. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $170.37.

Digital Realty Trust Trading Down 0.6 %

NYSE:DLR opened at $191.05 on Wednesday. The company has a market cap of $63.37 billion, a PE ratio of 160.55, a price-to-earnings-growth ratio of 5.10 and a beta of 0.62. The company has a current ratio of 1.61, a quick ratio of 1.61 and a debt-to-equity ratio of 0.81. The company has a 50 day simple moving average of $174.34 and a two-hundred day simple moving average of $159.03. Digital Realty Trust, Inc. has a 12 month low of $130.00 and a 12 month high of $198.00.

Digital Realty Trust (NYSE:DLR) last posted its quarterly earnings data on Thursday, October 24th. The real estate investment trust reported $0.09 EPS for the quarter, missing analysts’ consensus estimates 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 net margin of 8.04% and a return on equity of 2.24%. The firm’s revenue was up 2.1% compared to the same quarter last year. During the same quarter last year, the company posted $1.62 EPS. Research analysts forecast that Digital Realty Trust, Inc. will post 6.71 earnings per share for the current year.

Digital Realty Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 17th. Investors of record on Friday, December 13th will be issued a $1.22 dividend. This represents a $4.88 dividend on an annualized basis and a dividend yield of 2.55%. The ex-dividend date of this dividend is Friday, December 13th. Digital Realty Trust’s payout ratio is 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.