Amalgamated Bank Has $9.92 Million Stake in Digital Realty Trust, Inc. (NYSE:DLR)

Amalgamated Bank decreased its holdings in shares of Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 6.5% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 61,274 shares of the real estate investment trust's stock after selling 4,246 shares during the quarter. Amalgamated Bank's holdings in Digital Realty Trust were worth $9,916,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. increased its position in Digital Realty Trust by 2.0% in the 1st quarter. Vanguard Group Inc. now owns 48,503,593 shares of the real estate investment trust's stock worth $6,986,458,000 after purchasing an additional 951,567 shares during the last quarter. Canada Pension Plan Investment Board raised its position in Digital Realty Trust by 3.1% during the second quarter. Canada Pension Plan Investment Board now owns 4,826,432 shares of the real estate investment trust's stock valued at $733,859,000 after acquiring an additional 146,183 shares in the last quarter. Legal & General Group Plc grew its position in Digital Realty Trust by 2.8% in the second quarter. Legal & General Group Plc now owns 4,730,168 shares of the real estate investment trust's stock worth $719,222,000 after acquiring an additional 129,799 shares in the last quarter. Daiwa Securities Group Inc. increased its stake in shares of Digital Realty Trust by 16.8% during the 2nd quarter. Daiwa Securities Group Inc. now owns 4,725,971 shares of the real estate investment trust's stock worth $718,584,000 after purchasing an additional 678,165 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in shares of Digital Realty Trust by 5.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 4,541,327 shares of the real estate investment trust's stock valued at $690,498,000 after purchasing an additional 228,585 shares in the last quarter. 99.71% of the stock is owned by institutional investors and hedge funds.

Digital Realty Trust Price Performance

Digital Realty Trust stock traded down $7.40 during mid-day trading on Wednesday, hitting $173.62. 4,599,005 shares of the company were exchanged, compared to its average volume of 1,845,623. Digital Realty Trust, Inc. has a 1-year low of $126.22 and a 1-year high of $193.88. The company has a quick ratio of 1.78, a current ratio of 1.61 and a debt-to-equity ratio of 0.81. The business has a fifty day moving average of $162.36 and a 200 day moving average of $152.93. The company has a market capitalization of $57.59 billion, a PE ratio of 145.90, a price-to-earnings-growth ratio of 5.66 and a beta of 0.59.

Digital Realty Trust (NYSE:DLR - Get Free Report) last released its quarterly earnings results on Thursday, October 24th. The real estate investment trust reported $0.09 EPS for the quarter, missing analysts' consensus estimates of $1.67 by ($1.58). Digital Realty Trust had a net margin of 8.04% and a return on equity of 2.24%. The firm had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.43 billion. During the same quarter last year, the firm earned $1.62 earnings per share. Digital Realty Trust's quarterly revenue was up 2.1% on a year-over-year basis. As a group, sell-side analysts expect that Digital Realty Trust, Inc. will post 6.7 earnings per share for the current year.

Digital Realty Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 17th. Shareholders 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 annualized dividend and a yield of 2.81%. Digital Realty Trust's payout ratio is 410.08%.

Analyst Ratings Changes

DLR has been the topic of several analyst reports. TD Cowen increased their target price 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. Royal Bank of Canada boosted their price objective on shares of Digital Realty Trust from $177.00 to $207.00 and gave the stock an "outperform" rating in a research note on Monday, October 28th. Barclays lifted their target price on shares of Digital Realty Trust from $130.00 to $135.00 and gave the stock an "underweight" rating in a report on Thursday, October 10th. Raymond James boosted their price objective on 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. Finally, Truist Financial raised their target price on Digital Realty Trust from $160.00 to $168.00 and gave the company a "buy" rating in a report on Tuesday, August 13th. Two equities research 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 company. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $167.68.

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.