Digital Realty Trust, Inc. (NYSE:DLR) Shares Sold by LGT Capital Partners LTD.

LGT Capital Partners LTD. reduced its stake in Digital Realty Trust, Inc. (NYSE:DLR) by 15.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 34,556 shares of the real estate investment trust’s stock after selling 6,300 shares during the period. LGT Capital Partners LTD.’s holdings in Digital Realty Trust were worth $5,592,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. Meeder Advisory Services Inc. grew its stake in shares of Digital Realty Trust by 2.4% during the third quarter. Meeder Advisory Services Inc. now owns 6,593 shares of the real estate investment trust’s stock valued at $1,067,000 after acquiring an additional 155 shares in the last quarter. Swiss National Bank grew its stake in shares of Digital Realty Trust by 4.2% during the third quarter. Swiss National Bank now owns 963,149 shares of the real estate investment trust’s stock valued at $155,866,000 after acquiring an additional 38,500 shares in the last quarter. Thrivent Financial for Lutherans grew its stake in shares of Digital Realty Trust by 3.1% during the third quarter. Thrivent Financial for Lutherans now owns 64,320 shares of the real estate investment trust’s stock valued at $10,409,000 after acquiring an additional 1,960 shares in the last quarter. Claro Advisors LLC acquired a new stake in shares of Digital Realty Trust during the third quarter valued at about $223,000. Finally, Mutual of America Capital Management LLC grew its stake in shares of Digital Realty Trust by 6.3% during the third quarter. Mutual of America Capital Management LLC now owns 46,544 shares of the real estate investment trust’s stock valued at $7,532,000 after acquiring an additional 2,748 shares in the last quarter. 99.71% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

DLR has been the subject of several recent analyst reports. Truist Financial raised their target price on Digital Realty Trust from $168.00 to $202.00 and gave the company a “buy” rating in a research note on Tuesday, November 12th. Raymond James increased their price target on shares of Digital Realty Trust from $170.00 to $190.00 and gave the stock a “strong-buy” rating in a research report on Friday, October 25th. Scotiabank increased their price target on shares of 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. TD Cowen increased their price target on shares of Digital Realty Trust from $120.00 to $128.00 and gave the stock a “hold” rating in a research report on Friday, October 25th. Finally, Evercore ISI increased their price target on shares of Digital Realty Trust from $160.00 to $175.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 23rd. Two analysts have rated the stock with a sell rating, nine have issued a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Digital Realty Trust currently has a consensus rating of “Hold” and a consensus price target of $169.84.

Digital Realty Trust Stock Performance

NYSE:DLR opened at $183.26 on Tuesday. The firm’s 50-day moving average is $167.24 and its 200-day moving average is $155.31. Digital Realty Trust, Inc. has a 52-week low of $130.00 and a 52-week high of $193.88. 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 has a market cap of $60.79 billion, a price-to-earnings ratio of 154.00, a PEG ratio of 4.77 and a beta of 0.59.

Digital Realty Trust (NYSE:DLR) last posted its quarterly earnings data on Thursday, October 24th. The real estate investment trust reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate 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 company had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.43 billion. During the same quarter in the previous year, the firm posted $1.62 EPS. The business’s revenue for the quarter was up 2.1% compared to the same quarter last year. Equities research analysts anticipate that Digital Realty Trust, Inc. will post 6.71 earnings per share for the current year.

Digital Realty Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 17th. Stockholders of record on Friday, December 13th will be issued a dividend of $1.22 per share. The ex-dividend date is Friday, December 13th. This represents a $4.88 annualized dividend and a dividend yield of 2.66%. Digital Realty Trust’s payout ratio is 410.08%.

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.