Digital Realty Trust, Inc. $DLR Shares Sold by Osaic Holdings Inc.

Osaic Holdings Inc. cut its stake in Digital Realty Trust, Inc. (NYSE:DLR) by 7.1% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 43,662 shares of the real estate investment trust’s stock after selling 3,361 shares during the period. Osaic Holdings Inc.’s holdings in Digital Realty Trust were worth $7,614,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Norges Bank purchased a new position in Digital Realty Trust in the 2nd quarter valued at approximately $3,808,270,000. Canada Pension Plan Investment Board boosted its position in Digital Realty Trust by 63.0% during the first quarter. Canada Pension Plan Investment Board now owns 7,144,737 shares of the real estate investment trust’s stock worth $1,023,769,000 after purchasing an additional 2,760,286 shares in the last quarter. Goldman Sachs Group Inc. boosted its position in Digital Realty Trust by 37.2% during the first quarter. Goldman Sachs Group Inc. now owns 3,009,673 shares of the real estate investment trust’s stock worth $431,256,000 after purchasing an additional 816,334 shares in the last quarter. Amundi grew its holdings in Digital Realty Trust by 49.4% in the first quarter. Amundi now owns 2,168,991 shares of the real estate investment trust’s stock valued at $306,023,000 after purchasing an additional 717,551 shares during the last quarter. Finally, Prudential Financial Inc. increased its position in shares of Digital Realty Trust by 87.0% in the second quarter. Prudential Financial Inc. now owns 1,456,585 shares of the real estate investment trust’s stock valued at $253,926,000 after buying an additional 677,483 shares in the last quarter. Hedge funds and other institutional investors own 99.71% of the company’s stock.

Insiders Place Their Bets

In other Digital Realty Trust news, Director Mary Hogan Preusse sold 4,166 shares of the firm’s stock in a transaction dated Monday, December 1st. The stock was sold at an average price of $157.42, for a total value of $655,811.72. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.13% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on DLR shares. Wall Street Zen lowered shares of Digital Realty Trust from a “hold” rating to a “strong sell” rating in a research report on Saturday, November 8th. TD Cowen lifted their target price on shares of Digital Realty Trust from $163.00 to $179.00 and gave the stock a “hold” rating in a research report on Friday, October 24th. The Goldman Sachs Group assumed coverage on shares of Digital Realty Trust in a research report on Thursday. They issued a “buy” rating and a $188.00 price target on the stock. Weiss Ratings reissued a “hold (c+)” rating on shares of Digital Realty Trust in a research note on Monday, December 15th. Finally, Barclays upped their target price on Digital Realty Trust from $141.00 to $161.00 and gave the company an “underweight” rating in a research note on Monday, October 27th. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $197.55.

Digital Realty Trust Stock Performance

NYSE:DLR opened at $150.11 on Monday. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.02 and a quick ratio of 2.02. The firm has a market cap of $51.56 billion, a PE ratio of 38.79, a P/E/G ratio of 3.87 and a beta of 1.11. The firm has a 50 day simple moving average of $163.90 and a 200-day simple moving average of $169.20. Digital Realty Trust, Inc. has a 1-year low of $129.95 and a 1-year high of $187.74.

Digital Realty Trust (NYSE:DLR) last announced its earnings results on Friday, October 31st. The real estate investment trust reported $0.15 earnings per share (EPS) for the quarter. The firm had revenue of $1.58 billion for the quarter. Digital Realty Trust had a net margin of 23.67% and a return on equity of 6.41%. On average, equities analysts expect that Digital Realty Trust, Inc. will post 7.07 EPS for the current year.

Digital Realty Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 16th. Investors of record on Monday, December 15th will be paid a $1.22 dividend. This represents a $4.88 annualized dividend and a yield of 3.3%. The ex-dividend date is Monday, December 15th. Digital Realty Trust’s dividend payout ratio is presently 126.10%.

Digital Realty Trust Profile

Digital Realty Trust, Inc (NYSE: DLR) is a real estate investment trust that owns, acquires and operates carrier-neutral data centers and provides related colocation and interconnection solutions. The company focuses on large-scale, mission-critical facilities that support the physical infrastructure needs of cloud providers, enterprises, network operators and content companies. Digital Realty’s offerings are designed to enable secure, reliable and highly available IT infrastructure with an emphasis on power density, cooling, and physical security.

Digital Realty’s product set spans wholesale data center space, turnkey build-to-suit facilities, and retail colocation suites, complemented by interconnection services that allow customers to establish private and public connections to networks, cloud on-ramps and other ecosystem partners.