Chevy Chase Trust Holdings LLC Trims Stock Position in Digital Realty Trust, Inc. (NYSE:DLR)

Chevy Chase Trust Holdings LLC lowered its holdings in Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 6.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 165,062 shares of the real estate investment trust's stock after selling 12,149 shares during the quarter. Chevy Chase Trust Holdings LLC's holdings in Digital Realty Trust were worth $26,712,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in DLR. Meeder Asset Management Inc. acquired a new position in shares of Digital Realty Trust in the second quarter worth about $25,000. Gradient Investments LLC grew its holdings in Digital Realty Trust by 75.2% in the second quarter. Gradient Investments LLC now owns 177 shares of the real estate investment trust's stock valued at $27,000 after purchasing an additional 76 shares during the period. American Capital Advisory LLC purchased a new stake in Digital Realty Trust in the 2nd quarter worth $27,000. Private Ocean LLC acquired a new stake in shares of Digital Realty Trust in the second quarter valued at about $27,000. Finally, Asset Dedication LLC purchased a new stake in shares of Digital Realty Trust during the second quarter worth about $31,000. Hedge funds and other institutional investors own 99.71% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on DLR shares. Wells Fargo & Company boosted their price objective on Digital Realty Trust from $175.00 to $185.00 and gave the stock an "overweight" rating in a research note on Friday, October 25th. Hsbc Global Res raised Digital Realty Trust from a "moderate sell" rating to a "hold" rating in a research note on Friday, October 4th. Royal Bank of Canada upped their target price on shares of Digital Realty Trust from $177.00 to $207.00 and gave the stock an "outperform" rating in a report on Monday, October 28th. Raymond James raised their price target on shares of Digital Realty Trust from $170.00 to $190.00 and gave the stock a "strong-buy" rating in a research note on Friday, October 25th. Finally, Stifel Nicolaus upped their price objective on shares of Digital Realty Trust from $195.00 to $205.00 and gave the company a "buy" rating in a research note on Thursday, November 21st. Two analysts have rated the stock with a sell rating, nine have given a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Digital Realty Trust currently has an average rating of "Hold" and an average target price of $170.37.

Digital Realty Trust Stock Down 0.5 %

Shares of NYSE DLR traded down $0.99 during midday trading on Tuesday, hitting $191.17. The company's stock had a trading volume of 599,897 shares, compared to its average volume of 1,873,425. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.61 and a quick ratio of 1.61. The firm has a market capitalization of $63.41 billion, a price-to-earnings ratio of 161.49, a price-to-earnings-growth ratio of 5.19 and a beta of 0.62. The business's fifty day simple moving average is $173.14 and its two-hundred day simple moving average is $158.36. Digital Realty Trust, Inc. has a 1 year low of $130.00 and a 1 year high of $198.00.

Digital Realty Trust (NYSE:DLR - Get Free Report) last issued 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). The business had revenue of $1.43 billion during the quarter, compared to analysts' expectations of $1.43 billion. Digital Realty Trust had a net margin of 8.04% and a return on equity of 2.24%. The business's quarterly revenue was up 2.1% on a year-over-year basis. During the same period in the prior year, the business earned $1.62 EPS. On average, equities analysts predict that Digital Realty Trust, Inc. will post 6.71 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 17th. Investors of record on Friday, December 13th will be paid 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 dividend yield of 2.55%. Digital Realty Trust's payout ratio is currently 410.08%.

About Digital Realty Trust

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.