Financial Counselors Inc. lowered its holdings in Digital Realty Trust, Inc. (NYSE:DLR) by 10.7% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 114,309 shares of the real estate investment trust’s stock after selling 13,664 shares during the period. Financial Counselors Inc. owned about 0.07% of Digital Realty Trust worth $13,526,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also made changes to their positions in the company. Invictus RG acquired a new position in shares of Digital Realty Trust in the 3rd quarter worth approximately $460,000. Sheaff Brock Investment Advisors LLC grew its stake in shares of Digital Realty Trust by 57.7% in the 3rd quarter. Sheaff Brock Investment Advisors LLC now owns 7,138 shares of the real estate investment trust’s stock worth $845,000 after purchasing an additional 2,612 shares during the last quarter. Dearborn Partners LLC grew its stake in shares of Digital Realty Trust by 1.2% in the 3rd quarter. Dearborn Partners LLC now owns 115,237 shares of the real estate investment trust’s stock worth $13,636,000 after purchasing an additional 1,331 shares during the last quarter. Stifel Financial Corp increased its position in shares of Digital Realty Trust by 5.4% in the third quarter. Stifel Financial Corp now owns 637,125 shares of the real estate investment trust’s stock worth $75,373,000 after acquiring an additional 32,596 shares in the last quarter. Finally, Commerzbank Aktiengesellschaft FI purchased a new position in shares of Digital Realty Trust in the third quarter worth approximately $230,000. 98.54% of the stock is currently owned by institutional investors.
Several research analysts have recently weighed in on DLR shares. ValuEngine raised shares of Digital Realty Trust from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Stifel Nicolaus reissued a “hold” rating and issued a $117.00 target price on shares of Digital Realty Trust in a research report on Thursday, September 14th. Zacks Investment Research raised shares of Digital Realty Trust from a “hold” rating to a “buy” rating and set a $130.00 target price on the stock in a research report on Monday, October 30th. Deutsche Bank lifted their target price on shares of Digital Realty Trust from $111.00 to $130.00 and gave the stock a “hold” rating in a research report on Thursday, October 26th. Finally, Barclays restated a “buy” rating and set a $132.00 price target on shares of Digital Realty Trust in a report on Friday, September 8th. Ten equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Digital Realty Trust currently has an average rating of “Hold” and an average target price of $125.07.
Digital Realty Trust (NYSE:DLR) last released its quarterly earnings results on Wednesday, October 25th. The real estate investment trust reported $1.51 EPS for the quarter, beating the Zacks’ consensus estimate of $0.40 by $1.11. Digital Realty Trust had a net margin of 11.71% and a return on equity of 5.15%. The company had revenue of $609.90 million for the quarter, compared to analyst estimates of $595.49 million. During the same quarter last year, the firm posted $1.44 earnings per share. The company’s quarterly revenue was up 11.6% compared to the same quarter last year. sell-side analysts forecast that Digital Realty Trust, Inc. will post 6.09 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, January 12th. Stockholders of record on Friday, December 15th will be given a $0.93 dividend. This represents a $3.72 dividend on an annualized basis and a dividend yield of 3.13%. The ex-dividend date of this dividend is Thursday, December 14th. Digital Realty Trust’s dividend payout ratio is 300.00%.
Digital Realty Trust Profile
Digital Realty Trust, Inc is a real estate investment trust (REIT). The Company is engaged in the business of owning, acquiring, developing and operating data centers. The Company is focused on providing data center and colocation solutions for domestic and international tenants across a range of industry verticals ranging from financial services, cloud and information technology services, to manufacturing, energy, healthcare and consumer products.
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