Oppenheimer & Co. Inc. Sells 411 Shares of Digital Realty Trust, Inc. (NYSE:DLR)

Oppenheimer & Co. Inc. lessened its position in Digital Realty Trust, Inc. (NYSE:DLR) by 2.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 14,949 shares of the real estate investment trust’s stock after selling 411 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in Digital Realty Trust were worth $2,419,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Meeder Asset Management Inc. purchased a new position in shares of Digital Realty Trust during the 2nd quarter valued at about $25,000. American Capital Advisory LLC purchased a new position in shares of Digital Realty Trust during the second quarter worth approximately $27,000. Private Ocean LLC bought a new stake in shares of Digital Realty Trust in the 2nd quarter worth approximately $27,000. Gradient Investments LLC boosted its stake in shares of 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 purchasing an additional 76 shares in the last quarter. Finally, Adirondack Trust Co. grew its holdings in shares of Digital Realty Trust by 68.6% during the 3rd quarter. Adirondack Trust Co. now owns 199 shares of the real estate investment trust’s stock valued at $32,000 after purchasing an additional 81 shares during the last quarter. Hedge funds and other institutional investors own 99.71% of the company’s stock.

Digital Realty Trust Price Performance

Shares of DLR stock opened at $179.67 on Friday. The business’s fifty day moving average is $166.56 and its 200 day moving average is $154.77. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 0.81. The stock has a market cap of $59.60 billion, a price-to-earnings ratio of 150.98, a PEG ratio of 4.73 and a beta of 0.59. Digital Realty Trust, Inc. has a twelve month low of $130.00 and a twelve month high of $193.88.

Digital Realty Trust (NYSE:DLR) last released its earnings results on Thursday, October 24th. The real estate investment trust reported $0.09 earnings per share for the quarter, missing analysts’ consensus estimates of $1.67 by ($1.58). Digital Realty Trust had a return on equity of 2.24% and a net margin of 8.04%. The business had revenue of $1.43 billion during the quarter, compared to analysts’ expectations of $1.43 billion. During the same period in the prior year, the company earned $1.62 earnings per share. The firm’s quarterly revenue was up 2.1% compared to the same quarter last year. Research analysts expect that Digital Realty Trust, Inc. will post 6.71 EPS for the current fiscal year.

Digital Realty Trust Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 17th. Stockholders of record on Friday, December 13th will be given a $1.22 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a $4.88 dividend on an annualized basis and a dividend yield of 2.72%. Digital Realty Trust’s dividend payout ratio is currently 410.08%.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on DLR shares. Barclays boosted their price target on shares of Digital Realty Trust from $130.00 to $135.00 and gave the stock an “underweight” rating in a research note on Thursday, October 10th. Jefferies Financial Group increased their target price on Digital Realty Trust from $190.00 to $205.00 and gave the company a “buy” rating in a report on Friday, October 25th. Evercore ISI lifted their price target on Digital Realty Trust from $160.00 to $175.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 23rd. Stifel Nicolaus reissued a “buy” rating and set a $195.00 price objective (up previously from $185.00) on shares of Digital Realty Trust in a research note on Friday, October 25th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Digital Realty Trust from $180.00 to $185.00 and gave the stock an “overweight” rating in a research note on Friday, October 25th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $169.47.

About Digital Realty Trust

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.