Oppenheimer & Co. Inc. Sells 411 Shares of Digital Realty Trust, Inc. (NYSE:DLR)

Oppenheimer & Co. Inc. cut its position in Digital Realty Trust, Inc. (NYSE:DLR) by 2.7% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 14,949 shares of the real estate investment trust’s stock after selling 411 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in Digital Realty Trust were worth $2,419,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Pathway Financial Advisers LLC raised its holdings in 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 during the last quarter. Massachusetts Financial Services Co. MA increased its holdings 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 worth $220,068,000 after purchasing an additional 1,773,591 shares in the last quarter. Wulff Hansen & CO. raised its stake in shares of Digital Realty Trust by 15,105.0% in the second quarter. Wulff Hansen & CO. now owns 795,830 shares of the real estate investment trust’s stock worth $121,006,000 after purchasing an additional 790,596 shares during the last quarter. Electron Capital Partners LLC lifted its holdings in shares of Digital Realty Trust by 220.7% during the second 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. Finally, Daiwa Securities Group Inc. boosted its position in shares of Digital Realty Trust by 16.8% during the second 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 buying an additional 678,165 shares during the last quarter. Institutional investors own 99.71% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on DLR. Royal Bank of Canada upped their target price on shares of Digital Realty Trust from $177.00 to $207.00 and gave the company an “outperform” rating in a research note on Monday, October 28th. HSBC upgraded shares of Digital Realty Trust from a “reduce” rating to a “hold” rating and raised their target price for the stock from $124.00 to $160.00 in a report on Friday, October 4th. Jefferies Financial Group boosted their target price on shares of Digital Realty Trust from $190.00 to $205.00 and gave the company a “buy” rating in a research note on Friday, October 25th. Hsbc Global Res upgraded Digital Realty Trust from a “moderate sell” rating to a “hold” rating in a research note on Friday, October 4th. Finally, Stifel Nicolaus reiterated a “buy” rating and set a $195.00 price objective (up previously from $185.00) on shares of Digital Realty Trust in a research report on Friday, October 25th. Two investment 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. According to MarketBeat, Digital Realty Trust currently has an average rating of “Hold” and a consensus price target of $169.47.

Digital Realty Trust Stock Performance

Digital Realty Trust stock opened at $179.67 on Friday. The company has a 50 day moving average price of $166.56 and a 200-day moving average price of $154.77. The company has a market capitalization of $59.60 billion, a PE ratio of 150.98, a P/E/G ratio of 4.73 and a beta of 0.59. Digital Realty Trust, Inc. has a fifty-two week low of $130.00 and a fifty-two 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.

Digital Realty Trust (NYSE:DLR) last released its quarterly earnings data 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 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 quarter in the previous year, the firm earned $1.62 earnings per share. The business’s revenue was up 2.1% compared to the same quarter last year. As a group, equities analysts forecast that Digital Realty Trust, Inc. will post 6.71 earnings per share for the current 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 annualized dividend and a yield of 2.72%. 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.