Digital Realty Trust, Inc. $DLR Stock Sold by Russell Investments Group Ltd.

Russell Investments Group Ltd. lessened its stake in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 9.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,952,915 shares of the real estate investment trust’s stock after selling 195,520 shares during the quarter. Russell Investments Group Ltd. owned 0.52% of Digital Realty Trust worth $343,137,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in DLR. BlackRock Inc. acquired a new position in shares of Digital Realty Trust in the 2nd quarter worth approximately $7,277,032,000. Bank of America Corp DE increased its holdings in Digital Realty Trust by 6.0% in the 1st quarter. Bank of America Corp DE now owns 9,470,695 shares of the real estate investment trust’s stock valued at $1,706,714,000 after purchasing an additional 534,158 shares during the last quarter. Canada Pension Plan Investment Board purchased a new stake in Digital Realty Trust in the second quarter valued at approximately $1,178,095,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in Digital Realty Trust by 17,256.9% in the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,890,993 shares of the real estate investment trust’s stock valued at $878,325,000 after purchasing an additional 4,862,814 shares during the period. Finally, Dimensional Fund Advisors LP lifted its stake in Digital Realty Trust by 0.7% during the first quarter. Dimensional Fund Advisors LP now owns 4,850,416 shares of the real estate investment trust’s stock worth $874,046,000 after purchasing an additional 35,850 shares in the last quarter. 99.71% of the stock is currently owned by institutional investors and hedge funds.

Digital Realty Trust Price Performance

Digital Realty Trust stock opened at $183.66 on Friday. The firm has a market cap of $69.48 billion, a PE ratio of 76.84, a price-to-earnings-growth ratio of 3.55 and a beta of 0.97. Digital Realty Trust, Inc. has a 52-week low of $146.23 and a 52-week high of $208.14. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 0.70. The company’s 50 day moving average is $179.87 and its two-hundred day moving average is $183.77.

Digital Realty Trust (NYSE:DLR) last issued its quarterly earnings results on Thursday, October 29th. The real estate investment trust reported $0.48 EPS for the quarter, missing the consensus estimate of $0.52 by ($0.04). Digital Realty Trust had a net margin of 13.06% and a return on equity of 3.68%. The business had revenue of $1.90 billion during the quarter, compared to analysts’ expectations of $1.75 billion. During the same period in the prior year, the business earned $1.89 EPS. The business’s quarterly revenue was up 20.6% on a year-over-year basis. On average, research analysts expect that Digital Realty Trust, Inc. will post 8.40 EPS for the current fiscal year.

Digital Realty Trust Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, January 15th. Investors of record on Tuesday, December 15th will be issued a $1.22 dividend. The ex-dividend date is Tuesday, December 15th. This represents a $4.88 dividend on an annualized basis and a yield of 2.7%. Digital Realty Trust’s dividend payout ratio (DPR) is 204.18%.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on DLR shares. Rothschild & Co Redburn assumed coverage on Digital Realty Trust in a research report on Monday, September 21st. They set a “buy” rating and a $227.00 price target for the company. Mizuho set a $223.00 price objective on Digital Realty Trust in a report on Monday, August 10th. Cantor Fitzgerald increased their target price on Digital Realty Trust from $221.00 to $223.00 and gave the stock an “overweight” rating in a research note on Friday, October 30th. HSBC lowered their target price on Digital Realty Trust from $240.00 to $235.00 and set a “buy” rating for the company in a report on Wednesday, September 23rd. Finally, Wall Street Zen raised Digital Realty Trust from a “sell” rating to a “hold” rating in a research report on Saturday, July 25th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $221.53.

Insider Transactions at Digital Realty Trust

In related news, Director Mark Patterson sold 200 shares of the business’s stock in a transaction on Thursday, August 27th. The stock was sold at an average price of $193.96, for a total transaction of $38,792.00. Following the completion of the transaction, the director directly owned 6,322 shares of the company’s stock, valued at $1,226,215.12. The trade was a 3.07% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.15% of the company’s stock.

About Digital Realty Trust

Digital Realty Trust, Inc. is a real estate investment trust that owns, operates and develops data centers. Its facilities support customers’ IT infrastructure, including the equipment and systems used to store, process and exchange digital information. The company provides data center space and related services, including colocation, interconnection and access to cloud and network providers. Its PlatformDIGITAL offering connects businesses with customers, partners and service providers across its data center portfolio.