L & S Advisors Inc decreased its holdings in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 5.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,095 shares of the real estate investment trust’s stock after selling 541 shares during the period. L & S Advisors Inc’s holdings in Digital Realty Trust were worth $1,195,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also made changes to their positions in the business. IFP Advisors Inc increased its holdings in shares of Digital Realty Trust by 49.3% in the third quarter. IFP Advisors Inc now owns 8,569 shares of the real estate investment trust’s stock valued at $1,014,000 after purchasing an additional 2,829 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Digital Realty Trust by 7.3% in the second quarter. JPMorgan Chase & Co. now owns 3,569,263 shares of the real estate investment trust’s stock valued at $403,148,000 after purchasing an additional 243,995 shares in the last quarter. Uniplan Investment Counsel Inc. acquired a new stake in shares of Digital Realty Trust in the second quarter valued at approximately $32,118,000. Strs Ohio increased its holdings in shares of Digital Realty Trust by 23.1% in the third quarter. Strs Ohio now owns 276,089 shares of the real estate investment trust’s stock valued at $32,669,000 after purchasing an additional 51,720 shares in the last quarter. Finally, Lincoln National Corp acquired a new stake in shares of Digital Realty Trust in the third quarter valued at approximately $368,000. Hedge funds and other institutional investors own 98.54% of the company’s stock.
A number of analysts recently weighed in on the stock. ValuEngine lowered shares of Digital Realty Trust from a “buy” rating to a “hold” rating in a report on Wednesday, October 18th. Zacks Investment Research lowered shares of Digital Realty Trust from a “buy” rating to a “hold” rating in a report on Tuesday, October 31st. Robert W. Baird reissued a “neutral” rating and issued a $121.00 price target (up previously from $119.00) on shares of Digital Realty Trust in a report on Tuesday, October 10th. Royal Bank Of Canada raised their price target on shares of Digital Realty Trust from $127.00 to $133.00 and gave the company an “outperform” rating in a report on Wednesday, October 4th. Finally, Cowen reissued a “buy” rating and issued a $126.00 price target on shares of Digital Realty Trust in a report on Friday, August 25th. Ten investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $125.07.
Digital Realty Trust (NYSE:DLR) last announced its quarterly earnings results on Wednesday, October 25th. The real estate investment trust reported $1.51 earnings per share for the quarter, topping analysts’ consensus estimates of $0.40 by $1.11. The company had revenue of $609.90 million for the quarter, compared to analysts’ expectations of $595.49 million. Digital Realty Trust had a net margin of 11.71% and a return on equity of 5.15%. The business’s quarterly revenue was up 11.6% compared to the same quarter last year. During the same period last year, the firm posted $1.44 earnings per share. analysts forecast that Digital Realty Trust, Inc. will post 6.09 EPS for the current fiscal 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 dividend of $0.93 per share. The ex-dividend date is Thursday, December 14th. This represents a $3.72 dividend on an annualized basis and a dividend yield of 3.30%. Digital Realty Trust’s dividend payout ratio is 300.00%.
About Digital Realty Trust
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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