B&I Capital AG decreased its holdings in shares of Digital Realty Trust, Inc. (NYSE:DLR – Free Report) by 31.6% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 59,341 shares of the real estate investment trust’s stock after selling 27,370 shares during the quarter. Digital Realty Trust comprises about 3.6% of B&I Capital AG’s investment portfolio, making the stock its 8th largest position. B&I Capital AG’s holdings in Digital Realty Trust were worth $10,259,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also made changes to their positions in the company. Howard Capital Management Inc. increased its holdings in shares of Digital Realty Trust by 27.1% in the 3rd quarter. Howard Capital Management Inc. now owns 2,655 shares of the real estate investment trust’s stock worth $459,000 after buying an additional 566 shares during the last quarter. National Pension Service grew its position in Digital Realty Trust by 0.8% in the third quarter. National Pension Service now owns 953,265 shares of the real estate investment trust’s stock worth $164,800,000 after acquiring an additional 7,403 shares in the last quarter. Paralel Advisors LLC increased its stake in Digital Realty Trust by 63.6% during the third quarter. Paralel Advisors LLC now owns 27,000 shares of the real estate investment trust’s stock worth $4,668,000 after acquiring an additional 10,500 shares during the last quarter. AlphaQuest LLC raised its position in Digital Realty Trust by 2,695.9% during the third quarter. AlphaQuest LLC now owns 5,452 shares of the real estate investment trust’s stock valued at $943,000 after purchasing an additional 5,257 shares during the period. Finally, AE Wealth Management LLC lifted its stake in shares of Digital Realty Trust by 6.9% in the 3rd quarter. AE Wealth Management LLC now owns 1,722 shares of the real estate investment trust’s stock valued at $298,000 after purchasing an additional 111 shares during the last quarter. 99.71% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
Several equities analysts have recently weighed in on the company. Barclays raised Digital Realty Trust from an “underweight” rating to an “equal weight” rating and boosted their target price for the company from $161.00 to $164.00 in a research report on Tuesday, January 13th. Loop Capital set a $205.00 price objective on shares of Digital Realty Trust in a research report on Monday, October 27th. Moffett Nathanson increased their target price on shares of Digital Realty Trust from $166.00 to $172.00 and gave the company a “neutral” rating in a research note on Friday, December 12th. JPMorgan Chase & Co. lifted their price target on shares of Digital Realty Trust from $200.00 to $210.00 and gave the stock an “overweight” rating in a research note on Friday, October 24th. Finally, Stifel Nicolaus set a $210.00 price target on shares of Digital Realty Trust in a report on Friday, October 24th. Two research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $193.22.
Digital Realty Trust Trading Down 0.9%
NYSE DLR opened at $165.92 on Friday. The stock has a market cap of $56.99 billion, a PE ratio of 42.87, a PEG ratio of 3.91 and a beta of 1.11. Digital Realty Trust, Inc. has a 12 month low of $129.95 and a 12 month high of $182.48. The company’s 50-day moving average price is $157.81 and its 200-day moving average price is $166.02. The company has a current ratio of 2.02, a quick ratio of 2.02 and a debt-to-equity ratio of 0.80.
Digital Realty Trust (NYSE:DLR – Get Free Report) last announced its quarterly earnings data on Friday, October 31st. The real estate investment trust reported $0.15 earnings per share for the quarter. The company had revenue of $1.58 billion during the quarter. Digital Realty Trust had a net margin of 23.67% and a return on equity of 6.41%. Equities research analysts forecast that Digital Realty Trust, Inc. will post 7.07 earnings per share for the current year.
Digital Realty Trust Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Friday, January 16th. Investors of record on Monday, December 15th were paid a $1.22 dividend. The ex-dividend date of this dividend was Monday, December 15th. This represents a $4.88 annualized dividend and a yield of 2.9%. Digital Realty Trust’s dividend payout ratio is 126.10%.
Insider Buying and Selling
In other Digital Realty Trust news, Director Mary Hogan Preusse sold 4,166 shares of the firm’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 filing with the SEC, which can be accessed through this hyperlink. 0.13% of the stock is owned by insiders.
About Digital Realty Trust
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.
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