Digital Realty Trust, Inc. (NYSE:DLR) Shares Sold by BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lowered its holdings in Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 9.5% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 54,144 shares of the real estate investment trust's stock after selling 5,671 shares during the quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp's holdings in Digital Realty Trust were worth $8,762,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Digital Realty Trust by 501.7% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,326,914 shares of the real estate investment trust's stock worth $700,224,000 after buying an additional 3,607,802 shares during the period. Pathway Financial Advisers LLC raised its position in shares of Digital Realty Trust by 15,301.1% in the 3rd quarter. Pathway Financial Advisers LLC now owns 1,850,292 shares of the real estate investment trust's stock worth $299,433,000 after acquiring an additional 1,838,278 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its stake in shares of Digital Realty Trust by 543.6% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 1,447,340 shares of the real estate investment trust's stock worth $220,068,000 after purchasing an additional 1,773,591 shares during the last quarter. Wulff Hansen & CO. boosted its position in Digital Realty Trust by 15,105.0% during the second quarter. Wulff Hansen & CO. now owns 795,830 shares of the real estate investment trust's stock valued at $121,006,000 after purchasing an additional 790,596 shares in the last quarter. Finally, Electron Capital Partners LLC grew its stake in Digital Realty Trust by 220.7% in the second quarter. Electron Capital Partners LLC now owns 1,041,594 shares of the real estate investment trust's stock valued at $158,374,000 after purchasing an additional 716,816 shares during the last quarter. Hedge funds and other institutional investors own 99.71% of the company's stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on DLR shares. Stifel Nicolaus raised their price target on shares of Digital Realty Trust from $195.00 to $205.00 and gave the company a "buy" rating in a report on Thursday, November 21st. JPMorgan Chase & Co. raised their target price on shares of Digital Realty Trust from $180.00 to $185.00 and gave the company an "overweight" rating in a research note on Friday, October 25th. Raymond James upped their price target 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. Royal Bank of Canada raised their price objective on Digital Realty Trust from $177.00 to $207.00 and gave the stock an "outperform" rating in a research report on Monday, October 28th. Finally, Hsbc Global Res raised Digital Realty Trust from a "moderate sell" rating to a "hold" rating in a research report on Friday, October 4th. 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 issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $170.37.

Digital Realty Trust Stock Performance

DLR traded down $3.51 during midday trading on Monday, hitting $192.18. 2,293,510 shares of the company were exchanged, compared to its average volume of 1,879,036. The company's 50 day simple moving average is $173.14 and its 200 day simple moving average is $158.36. The firm has a market capitalization of $63.75 billion, a price-to-earnings ratio of 161.48, a price-to-earnings-growth ratio of 5.19 and a beta of 0.59. Digital Realty Trust, Inc. has a 1-year low of $130.00 and a 1-year high of $198.00. The company has a current ratio of 1.61, a quick ratio of 1.61 and a debt-to-equity ratio of 0.81.

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 the consensus estimate 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 for the quarter, compared to analyst estimates of $1.43 billion. During the same quarter in the prior year, the business posted $1.62 EPS. The firm's quarterly revenue was up 2.1% compared to the same quarter last year. As a group, sell-side analysts predict that Digital Realty Trust, Inc. will post 6.71 earnings per share for the current year.

Digital Realty Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 17th. Shareholders of record on Friday, December 13th will be given a dividend of $1.22 per share. The ex-dividend date of this dividend is Friday, December 13th. This represents a $4.88 dividend on an annualized basis and a yield of 2.54%. Digital Realty Trust's dividend payout ratio is currently 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.