Digital Realty Trust, Inc. $DLR Stock Holdings Trimmed by Bank of New York Mellon Corp

Bank of New York Mellon Corp lessened its holdings in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 3.2% in the third quarter, according to its most recent filing with the SEC. The firm owned 2,007,598 shares of the real estate investment trust’s stock after selling 67,241 shares during the quarter. Bank of New York Mellon Corp owned about 0.59% of Digital Realty Trust worth $347,073,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Pinnacle Bancorp Inc. acquired a new stake in Digital Realty Trust in the third quarter worth about $25,000. South Plains Financial Inc. lifted its stake in shares of Digital Realty Trust by 280.5% in the 2nd quarter. South Plains Financial Inc. now owns 156 shares of the real estate investment trust’s stock worth $27,000 after acquiring an additional 115 shares during the period. Tobam acquired a new stake in shares of Digital Realty Trust in the 2nd quarter worth approximately $28,000. Salomon & Ludwin LLC bought a new position in shares of Digital Realty Trust in the third quarter valued at approximately $28,000. Finally, First Horizon Corp acquired a new position in shares of Digital Realty Trust during the third quarter valued at approximately $31,000. 99.71% of the stock is owned by institutional investors and hedge funds.

Digital Realty Trust Trading Up 2.5%

NYSE:DLR opened at $167.35 on Friday. The stock has a fifty day simple moving average of $157.63 and a 200 day simple moving average of $166.06. The firm has a market capitalization of $57.48 billion, a price-to-earnings ratio of 43.24, a price-to-earnings-growth ratio of 3.81 and a beta of 1.11. Digital Realty Trust, Inc. has a 1-year low of $129.95 and a 1-year high of $182.48. The company has a quick ratio of 2.02, a current ratio of 2.02 and a debt-to-equity ratio of 0.80.

Digital Realty Trust (NYSE:DLR) last posted its quarterly earnings data 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 return on equity of 6.41% and a net margin of 23.67%. Sell-side analysts forecast that Digital Realty Trust, Inc. will post 7.07 earnings per share for the current year.

Digital Realty Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, January 16th. Stockholders of record on Monday, December 15th were issued a $1.22 dividend. The ex-dividend date was Monday, December 15th. This represents a $4.88 dividend on an annualized basis and a dividend yield of 2.9%. Digital Realty Trust’s dividend payout ratio is presently 126.10%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on DLR shares. Daiwa Capital Markets started coverage on Digital Realty Trust in a research report on Wednesday, October 22nd. They issued a “buy” rating and a $210.00 target price for the company. Wolfe Research raised Digital Realty Trust from a “peer perform” rating to an “outperform” rating and set a $194.00 price objective on the stock in a research note on Monday, October 20th. Weiss Ratings cut Digital Realty Trust from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, January 23rd. Hsbc Global Res raised Digital Realty Trust from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 15th. Finally, The Goldman Sachs Group initiated coverage on shares of Digital Realty Trust in a report on Thursday, December 18th. They issued a “buy” rating and a $188.00 price target for the company. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and nine have given a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $193.22.

Insider Activity at Digital Realty Trust

In related news, Director Mary Hogan Preusse sold 4,166 shares of the company’s stock in a transaction on Monday, December 1st. The stock was sold at an average price of $157.42, for a total transaction of $655,811.72. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.13% of the stock is currently owned by company insiders.

Digital Realty Trust Company 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.