Geode Capital Management LLC Sells 258,487 Shares of Digital Realty Trust, Inc. (NYSE:DLR)

Geode Capital Management LLC lessened its holdings in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 3.0% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 8,245,945 shares of the real estate investment trust’s stock after selling 258,487 shares during the period. Geode Capital Management LLC owned 2.49% of Digital Realty Trust worth $1,330,308,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in DLR. Meeder Asset Management Inc. acquired a new stake in Digital Realty Trust in the 2nd quarter valued at approximately $25,000. Gradient Investments LLC raised its holdings in Digital Realty Trust by 75.2% in the 2nd quarter. Gradient Investments LLC now owns 177 shares of the real estate investment trust’s stock valued at $27,000 after acquiring an additional 76 shares in the last quarter. American Capital Advisory LLC bought a new stake in shares of Digital Realty Trust during the 2nd quarter worth approximately $27,000. Private Ocean LLC acquired a new position in Digital Realty Trust during the second quarter valued at approximately $27,000. Finally, Asset Dedication LLC bought a new stake in shares of Digital Realty Trust during the 2nd quarter valued at approximately $31,000. 99.71% of the stock is owned by institutional investors.

Digital Realty Trust Price Performance

Digital Realty Trust stock opened at $185.76 on Wednesday. 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 company’s fifty day moving average price is $176.64 and its 200 day moving average price is $160.36. The stock has a market capitalization of $61.62 billion, a P/E ratio of 156.10, a P/E/G 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.

Digital Realty Trust (NYSE:DLR) last issued its earnings results on Thursday, October 24th. The real estate investment trust reported $0.09 earnings per share for the quarter, missing the consensus estimate of $1.67 by ($1.58). The company had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.43 billion. Digital Realty Trust had a return on equity of 2.24% and a net margin of 8.04%. The company’s revenue for the quarter was up 2.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.62 earnings per share. As a group, equities research analysts anticipate that Digital Realty Trust, Inc. will post 6.71 earnings per share for the current fiscal year.

Digital Realty Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 17th. Investors of record on Friday, December 13th will be given a $1.22 dividend. The ex-dividend date is Friday, December 13th. This represents a $4.88 dividend on an annualized basis and a yield of 2.63%. Digital Realty Trust’s dividend payout ratio (DPR) is 410.08%.

Analysts Set New Price Targets

DLR has been the subject of a number of analyst reports. Royal Bank of Canada lifted their price objective on shares of Digital Realty Trust from $177.00 to $207.00 and gave the company an “outperform” rating in a report on Monday, October 28th. Stifel Nicolaus boosted their price target on shares of Digital Realty Trust from $195.00 to $205.00 and gave the company a “buy” rating in a research report on Thursday, November 21st. HSBC upgraded shares of Digital Realty Trust from a “reduce” rating to a “hold” rating and boosted their price target for the company from $124.00 to $160.00 in a research report on Friday, October 4th. Scotiabank boosted their target price on Digital Realty Trust from $157.00 to $178.00 and gave the stock a “sector perform” rating in a research report on Friday, October 25th. Finally, TD Cowen raised their price target on Digital Realty Trust from $120.00 to $128.00 and gave the company a “hold” rating in a report on Friday, October 25th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $171.68.

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.