Jennison Associates LLC Sells 98,337 Shares of Digital Realty Trust, Inc. (NYSE:DLR)

Jennison Associates LLC cut its holdings in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 35.2% during the 4th quarter, Holdings Channel reports. The firm owned 180,652 shares of the real estate investment trust’s stock after selling 98,337 shares during the period. Jennison Associates LLC’s holdings in Digital Realty Trust were worth $24,312,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently made changes to their positions in DLR. Duality Advisers LP acquired a new stake in shares of Digital Realty Trust during the 4th quarter worth approximately $1,014,000. Cetera Trust Company N.A acquired a new stake in shares of Digital Realty Trust during the 4th quarter worth approximately $306,000. Nikulski Financial Inc. acquired a new stake in shares of Digital Realty Trust during the 4th quarter worth approximately $805,000. Handelsbanken Fonder AB boosted its position in shares of Digital Realty Trust by 9.0% during the 4th quarter. Handelsbanken Fonder AB now owns 132,557 shares of the real estate investment trust’s stock worth $17,840,000 after acquiring an additional 10,924 shares in the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd boosted its position in shares of Digital Realty Trust by 2.5% during the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 96,954 shares of the real estate investment trust’s stock worth $13,048,000 after acquiring an additional 2,341 shares in the last quarter. 99.71% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, Director Jean F. H. P. Mandeville sold 3,400 shares of Digital Realty Trust stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $145.50, for a total transaction of $494,700.00. Following the completion of the transaction, the director now owns 8,413 shares of the company’s stock, valued at $1,224,091.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.39% of the stock is owned by insiders.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. Stifel Nicolaus increased their price target on shares of Digital Realty Trust from $155.00 to $160.00 and gave the stock a “buy” rating in a research report on Friday, February 16th. Scotiabank lowered shares of Digital Realty Trust from a “sector outperform” rating to a “sector perform” rating and set a $157.00 price target on the stock. in a research report on Friday, February 16th. Barclays raised their target price on shares of Digital Realty Trust from $110.00 to $119.00 and gave the company an “underweight” rating in a research report on Tuesday, March 5th. StockNews.com lowered shares of Digital Realty Trust from a “hold” rating to a “sell” rating in a research report on Friday, February 16th. Finally, Morgan Stanley raised their target price on shares of Digital Realty Trust from $100.00 to $108.00 and gave the company an “equal weight” rating in a research report on Tuesday, April 2nd. Three research analysts have rated the stock with a sell rating, five have issued a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $143.33.

Digital Realty Trust Price Performance

DLR stock opened at $140.61 on Thursday. The company has a fifty day moving average price of $141.82 and a 200-day moving average price of $136.48. The company has a market capitalization of $43.91 billion, a P/E ratio of 47.34, a PEG ratio of 3.15 and a beta of 0.54. Digital Realty Trust, Inc. has a 52-week low of $86.33 and a 52-week high of $154.18. The company has a debt-to-equity ratio of 0.92, a quick ratio of 1.14 and a current ratio of 1.14.

Digital Realty Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 15th were paid a dividend of $1.22 per share. This represents a $4.88 annualized dividend and a dividend yield of 3.47%. The ex-dividend date was Thursday, March 14th. Digital Realty Trust’s payout ratio is currently 164.31%.

Digital Realty Trust 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.