Resources Management Corp CT ADV Reduces Holdings in Digital Realty Trust, Inc. (NYSE:DLR)

Resources Management Corp CT ADV cut its stake in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 10.3% in the 3rd quarter, HoldingsChannel reports. The fund owned 5,245 shares of the real estate investment trust’s stock after selling 600 shares during the quarter. Resources Management Corp CT ADV’s holdings in Digital Realty Trust were worth $849,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Cumberland Partners Ltd boosted its holdings in Digital Realty Trust by 207.3% during the 3rd quarter. Cumberland Partners Ltd now owns 46,595 shares of the real estate investment trust’s stock valued at $7,540,000 after acquiring an additional 31,430 shares during the period. Rockefeller Capital Management L.P. lifted its holdings in Digital Realty Trust by 6.4% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 381,001 shares of the real estate investment trust’s stock worth $61,643,000 after buying an additional 23,028 shares during the period. Choreo LLC lifted its holdings in Digital Realty Trust by 86.8% in the 2nd quarter. Choreo LLC now owns 8,782 shares of the real estate investment trust’s stock worth $1,336,000 after buying an additional 4,081 shares during the period. Sei Investments Co. lifted its holdings in Digital Realty Trust by 11.2% in the 2nd quarter. Sei Investments Co. now owns 1,465,876 shares of the real estate investment trust’s stock worth $222,886,000 after buying an additional 147,689 shares during the period. Finally, Daiwa Securities Group Inc. lifted its holdings in Digital Realty Trust by 2.5% in the 3rd quarter. Daiwa Securities Group Inc. now owns 4,843,432 shares of the real estate investment trust’s stock worth $783,812,000 after buying an additional 117,461 shares during the period. 99.71% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

DLR has been the subject of several research analyst reports. JPMorgan Chase & Co. increased their price objective on Digital Realty Trust from $180.00 to $185.00 and gave the stock an “overweight” rating in a report on Friday, October 25th. Wells Fargo & Company raised their target price on Digital Realty Trust from $175.00 to $185.00 and gave the company an “overweight” rating in a research note on Friday, October 25th. Raymond James raised their target price on Digital Realty Trust from $170.00 to $190.00 and gave the company a “strong-buy” rating in a research note on Friday, October 25th. TD Cowen raised their target price on Digital Realty Trust from $120.00 to $128.00 and gave the company a “hold” rating in a research note on Friday, October 25th. Finally, Stifel Nicolaus raised their target price on Digital Realty Trust from $195.00 to $205.00 and gave the company a “buy” rating in a research note on Thursday, November 21st. Two research analysts have rated the stock with a sell rating, eight have given a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Digital Realty Trust currently has a consensus rating of “Moderate Buy” and an average price target of $170.37.

Digital Realty Trust Stock Performance

DLR stock opened at $188.17 on Tuesday. The company has a market cap of $62.42 billion, a P/E ratio of 158.13, a price-to-earnings-growth ratio of 5.11 and a beta of 0.62. Digital Realty Trust, Inc. has a 1 year low of $130.00 and a 1 year high of $198.00. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.61 and a quick ratio of 1.61. The stock’s fifty day moving average price is $176.64 and its 200-day moving average price is $160.36.

Digital Realty Trust (NYSE:DLR) last released its quarterly earnings results on Thursday, October 24th. The real estate investment trust reported $0.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.67 by ($1.58). The firm had revenue of $1.43 billion during the quarter, compared to analysts’ expectations of $1.43 billion. Digital Realty Trust had a return on equity of 2.24% and a net margin of 8.04%. The business’s quarterly 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, equities analysts forecast that Digital Realty Trust, Inc. will post 6.71 earnings per share for the current year.

Digital Realty Trust Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Investors of record on Friday, December 13th will be given a dividend of $1.22 per share. The ex-dividend date of this dividend is Friday, December 13th. This represents a $4.88 annualized dividend and a yield of 2.59%. 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.