MetLife Investment Management LLC Lowers Stock Holdings in Digital Realty Trust, Inc. (NYSE:DLR)

MetLife Investment Management LLC reduced its stake in Digital Realty Trust, Inc. (NYSE:DLR) by 7.1% during the third quarter, Holdings Channel.com reports. The fund owned 89,631 shares of the real estate investment trust’s stock after selling 6,801 shares during the quarter. MetLife Investment Management LLC’s holdings in Digital Realty Trust were worth $14,505,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of DLR. Meeder Asset Management Inc. bought a new position in Digital Realty Trust in the second quarter worth approximately $25,000. American Capital Advisory LLC purchased a new position in shares of Digital Realty Trust during the second quarter valued at $27,000. Private Ocean LLC bought a new stake in shares of Digital Realty Trust in the second quarter valued at about $27,000. Gradient Investments LLC lifted its stake in Digital Realty Trust by 75.2% in the second quarter. Gradient Investments LLC now owns 177 shares of the real estate investment trust’s stock worth $27,000 after acquiring an additional 76 shares during the period. Finally, Adirondack Trust Co. grew its holdings in Digital Realty Trust by 68.6% during the 3rd quarter. Adirondack Trust Co. now owns 199 shares of the real estate investment trust’s stock worth $32,000 after acquiring an additional 81 shares in the last quarter. 99.71% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

DLR has been the subject of several recent research reports. 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 report on Friday, October 25th. Barclays boosted their price objective on shares of Digital Realty Trust from $135.00 to $142.00 and gave the stock an “underweight” rating in a research note on Monday, November 18th. Raymond James increased their target price on 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. Hsbc Global Res raised Digital Realty Trust from a “moderate sell” rating to a “hold” rating in a research report on Friday, October 4th. Finally, Wells Fargo & Company raised their price objective on Digital Realty Trust from $175.00 to $185.00 and gave the company an “overweight” rating in a research report on Friday, October 25th. Two research 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 data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $170.37.

Digital Realty Trust Stock Up 0.7 %

DLR stock opened at $195.31 on Thursday. Digital Realty Trust, Inc. has a one year low of $130.00 and a one year high of $195.93. 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 firm’s fifty day moving average is $171.67 and its 200 day moving average is $157.53. The firm has a market cap of $64.79 billion, a PE ratio of 164.13, a P/E/G ratio of 5.12 and a beta of 0.59.

Digital Realty Trust (NYSE:DLR) last posted its earnings results 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 business had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.43 billion. Digital Realty Trust had a net margin of 8.04% and a return on equity of 2.24%. Digital Realty Trust’s revenue was up 2.1% on a year-over-year basis. During the same quarter last year, the business earned $1.62 earnings per share. On average, research analysts forecast that Digital Realty Trust, Inc. will post 6.71 EPS for the current year.

Digital Realty Trust Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Stockholders of record on Friday, December 13th will be paid a dividend of $1.22 per share. This represents a $4.88 annualized dividend and a dividend yield of 2.50%. The ex-dividend date of this dividend is Friday, December 13th. Digital Realty Trust’s payout ratio is 410.08%.

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.