Commonwealth Equity Services LLC Sells 9,603 Shares of Digital Realty Trust, Inc. $DLR

Commonwealth Equity Services LLC decreased its holdings in Digital Realty Trust, Inc. (NYSE:DLR) by 8.7% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 101,192 shares of the real estate investment trust’s stock after selling 9,603 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Digital Realty Trust were worth $17,494,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. OFI Invest Asset Management grew its stake in Digital Realty Trust by 37,575.7% during the third quarter. OFI Invest Asset Management now owns 271,265 shares of the real estate investment trust’s stock worth $46,896,000 after buying an additional 270,545 shares in the last quarter. World Investment Advisors grew its holdings in shares of Digital Realty Trust by 412.7% during the third quarter. World Investment Advisors now owns 11,003 shares of the real estate investment trust’s stock worth $1,902,000 after purchasing an additional 8,857 shares during the last quarter. Cim Investment Management Inc. increased its position in Digital Realty Trust by 99.6% in the 2nd quarter. Cim Investment Management Inc. now owns 22,734 shares of the real estate investment trust’s stock valued at $3,997,000 after acquiring an additional 11,345 shares during the period. Canada Pension Plan Investment Board raised its stake in shares of Digital Realty Trust by 3.0% during the second quarter. Canada Pension Plan Investment Board now owns 7,356,429 shares of the real estate investment trust’s stock valued at $1,282,446,000 after acquiring an additional 211,692 shares during the last quarter. Finally, CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT lifted its holdings in shares of Digital Realty Trust by 100.0% during the third quarter. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT now owns 34,000 shares of the real estate investment trust’s stock worth $5,878,000 after purchasing an additional 17,000 shares during the period. Institutional investors and hedge funds own 99.71% of the company’s stock.

Insiders Place Their Bets

In other Digital Realty Trust news, Director Mary Hogan Preusse sold 4,166 shares of the stock in a transaction that occurred on Monday, December 1st. The stock was sold at an average price of $157.42, for a total value of $655,811.72. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 0.13% of the company’s stock.

Digital Realty Trust Price Performance

Shares of DLR opened at $158.50 on Friday. The firm has a market cap of $54.44 billion, a PE ratio of 40.96, a price-to-earnings-growth ratio of 3.67 and a beta of 1.11. Digital Realty Trust, Inc. has a 52-week low of $129.95 and a 52-week high of $187.74. The company has a debt-to-equity ratio of 0.80, a quick ratio of 2.02 and a current ratio of 2.02. The business’s 50 day moving average price is $158.43 and its two-hundred day moving average price is $167.09.

Digital Realty Trust (NYSE:DLR) last released its quarterly earnings data on Friday, October 31st. The real estate investment trust reported $0.15 earnings per share for the quarter. The company had revenue of $1.58 billion during the quarter. Digital Realty Trust had a net margin of 23.67% and a return on equity of 6.41%. On average, equities analysts anticipate that Digital Realty Trust, Inc. will post 7.07 EPS for the current year.

Digital Realty Trust Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, January 16th. Stockholders of record on Monday, December 15th will be paid a $1.22 dividend. The ex-dividend date is Monday, December 15th. This represents a $4.88 annualized dividend and a dividend yield of 3.1%. Digital Realty Trust’s dividend payout ratio (DPR) is currently 126.10%.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on DLR shares. Cowen restated a “hold” rating on shares of Digital Realty Trust in a report on Friday, October 24th. The Goldman Sachs Group began coverage on Digital Realty Trust in a research note on Thursday, December 18th. They issued a “buy” rating and a $188.00 price target for the company. Weiss Ratings upgraded Digital Realty Trust from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, December 29th. Barclays upped their target price on Digital Realty Trust from $141.00 to $161.00 and gave the company an “underweight” rating in a report on Monday, October 27th. Finally, Jefferies Financial Group lowered their price target on shares of Digital Realty Trust from $206.00 to $184.00 and set a “buy” rating for the company in a report on Tuesday, December 16th. Two research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $194.62.

About Digital Realty Trust

Digital Realty Trust, Inc (NYSE: DLR) is a real estate investment trust that owns, acquires and operates carrier-neutral data centers and provides related colocation and interconnection solutions. The company focuses on large-scale, mission-critical facilities that support the physical infrastructure needs of cloud providers, enterprises, network operators and content companies. Digital Realty’s offerings are designed to enable secure, reliable and highly available IT infrastructure with an emphasis on power density, cooling, and physical security.

Digital Realty’s product set spans wholesale data center space, turnkey build-to-suit facilities, and retail colocation suites, complemented by interconnection services that allow customers to establish private and public connections to networks, cloud on-ramps and other ecosystem partners.