Digital Realty Trust, Inc. (NYSE:DLR) Position Decreased by Verition Fund Management LLC

Verition Fund Management LLC reduced its stake in Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 46.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 34,730 shares of the real estate investment trust's stock after selling 29,809 shares during the period. Verition Fund Management LLC's holdings in Digital Realty Trust were worth $5,620,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of DLR. Meeder Asset Management Inc. purchased a new position in Digital Realty Trust in the second quarter worth approximately $25,000. American Capital Advisory LLC purchased a new stake in Digital Realty Trust in the second quarter valued at $27,000. Private Ocean LLC acquired a new position in shares of Digital Realty Trust in the 2nd quarter valued at $27,000. Gradient Investments LLC boosted its stake in Digital Realty Trust by 75.2% during the 2nd quarter. Gradient Investments LLC now owns 177 shares of the real estate investment trust's stock worth $27,000 after purchasing an additional 76 shares during the period. Finally, Adirondack Trust Co. grew its position in Digital Realty Trust by 68.6% during the 3rd quarter. Adirondack Trust Co. now owns 199 shares of the real estate investment trust's stock worth $32,000 after purchasing an additional 81 shares during the last quarter. 99.71% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Wells Fargo & Company boosted their price target on Digital Realty Trust from $175.00 to $185.00 and gave the company an "overweight" rating in a research report 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 note 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 company an "outperform" rating in a research note on Monday, October 28th. Barclays raised their target price on shares of Digital Realty Trust from $135.00 to $142.00 and gave the stock an "underweight" rating in a research note on Monday, November 18th. Finally, Evercore ISI boosted their price target on shares of Digital Realty Trust from $160.00 to $175.00 and gave the stock an "outperform" rating in a research note on Wednesday, October 23rd. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $170.37.

Digital Realty Trust Stock Down 0.6 %

Shares of DLR traded down $1.11 during trading on Tuesday, reaching $191.05. The company's stock had a trading volume of 1,186,587 shares, compared to its average volume of 1,876,066. The company has a market cap of $63.37 billion, a price-to-earnings ratio of 160.55, a P/E/G ratio of 5.10 and a beta of 0.62. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 0.81. The company has a fifty day moving average of $174.34 and a two-hundred day moving average of $159.03. Digital Realty Trust, Inc. has a twelve month low of $130.00 and a twelve month high of $198.00.

Digital Realty Trust (NYSE:DLR - Get Free Report) last released its 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 return on equity of 2.24% and a net margin of 8.04%. The firm had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.43 billion. During the same period in the prior year, the business earned $1.62 EPS. The company's quarterly revenue was up 2.1% on a year-over-year basis. On average, sell-side analysts predict that Digital Realty Trust, Inc. will post 6.71 EPS for the current fiscal year.

Digital Realty Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 17th. Investors of record on Friday, December 13th will be issued a $1.22 dividend. This represents a $4.88 annualized dividend and a yield of 2.55%. The ex-dividend date of this dividend is Friday, December 13th. Digital Realty Trust's 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.