Bank of New York Mellon Corp Has $347.07 Million Stock Holdings in Digital Realty Trust, Inc. $DLR

Bank of New York Mellon Corp lowered its stake in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 3.2% in the third quarter, HoldingsChannel reports. The institutional investor owned 2,007,598 shares of the real estate investment trust’s stock after selling 67,241 shares during the period. Bank of New York Mellon Corp’s holdings in Digital Realty Trust were worth $347,073,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the stock. OFI Invest Asset Management lifted its position in shares of Digital Realty Trust by 37,575.7% during the 3rd 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 during the period. World Investment Advisors raised its stake in 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 acquiring an additional 8,857 shares in the last quarter. Cim Investment Management Inc. lifted its holdings in shares of Digital Realty Trust by 99.6% during the second 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. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT boosted its stake in shares of Digital Realty Trust by 100.0% in the 3rd quarter. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT now owns 34,000 shares of the real estate investment trust’s stock valued at $5,878,000 after purchasing an additional 17,000 shares in the last quarter. Finally, iA Global Asset Management Inc. bought a new stake in shares of Digital Realty Trust in the 3rd quarter worth about $3,849,000. 99.71% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Digital Realty Trust

In other news, Director Mary Hogan Preusse sold 4,166 shares of the firm’s stock in a transaction dated Monday, December 1st. The shares were 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 the SEC website. Insiders own 0.13% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have commented on DLR. Mizuho reduced their price target on shares of Digital Realty Trust from $191.00 to $180.00 and set an “outperform” rating on the stock in a research report on Monday, January 12th. Weiss Ratings cut shares of Digital Realty Trust from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, January 23rd. KeyCorp restated a “sector weight” rating on shares of Digital Realty Trust in a research report on Thursday. Stifel Nicolaus set a $210.00 price objective on Digital Realty Trust in a research report on Friday, October 24th. Finally, HSBC set a $193.00 target price on Digital Realty Trust and gave the stock a “buy” rating in a report on Thursday, January 15th. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and nine have given a Hold rating to the company’s stock. According to data from MarketBeat, Digital Realty Trust presently has a consensus rating of “Moderate Buy” and an average price target of $193.22.

Digital Realty Trust Stock Up 2.5%

Shares of DLR opened at $167.35 on Friday. The business’s fifty day moving average price is $157.63 and its two-hundred day moving average price is $166.06. The firm has a market capitalization of $57.48 billion, a price-to-earnings ratio of 43.24, a PEG ratio of 3.81 and a beta of 1.11. Digital Realty Trust, Inc. has a 52 week low of $129.95 and a 52 week high of $182.48. The company has a debt-to-equity ratio of 0.80, a quick ratio of 2.02 and a current ratio of 2.02.

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

Digital Realty Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 16th. Shareholders of record on Monday, December 15th were issued a dividend of $1.22 per share. This represents a $4.88 annualized dividend and a yield of 2.9%. The ex-dividend date of this dividend was Monday, December 15th. Digital Realty Trust’s payout ratio is currently 126.10%.

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.