Vestcor Inc Has $6.41 Million Stake in Digital Realty Trust, Inc. (NYSE:DLR)

Vestcor Inc cut its holdings in shares of Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 30.3% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 39,631 shares of the real estate investment trust's stock after selling 17,222 shares during the period. Vestcor Inc's holdings in Digital Realty Trust were worth $6,413,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Daiwa Securities Group Inc. boosted its position in Digital Realty Trust by 2.5% in the 3rd quarter. Daiwa Securities Group Inc. now owns 4,843,432 shares of the real estate investment trust's stock valued at $783,812,000 after buying an additional 117,461 shares during the last quarter. Canada Pension Plan Investment Board lifted its stake in shares of Digital Realty Trust by 3.1% in the 2nd 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 purchasing an additional 146,183 shares during the period. Legal & General Group Plc lifted its stake in shares of Digital Realty Trust by 2.8% in the 2nd quarter. Legal & General Group Plc now owns 4,730,168 shares of the real estate investment trust's stock valued at $719,222,000 after purchasing an additional 129,799 shares during the period. Dimensional Fund Advisors LP raised its stake in 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 worth $690,498,000 after buying an additional 228,585 shares during the period. Finally, 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 acquiring an additional 3,607,802 shares in the last quarter. 99.71% of the stock is currently owned by institutional investors.

Digital Realty Trust Stock Performance

Shares of NYSE:DLR traded down $2.41 during trading on Tuesday, reaching $185.76. 1,865,961 shares of the stock were exchanged, compared to its average volume of 1,875,572. Digital Realty Trust, Inc. has a 12 month low of $130.00 and a 12 month high of $198.00. The firm has a market cap of $61.62 billion, a PE ratio of 156.06, a PEG ratio of 5.11 and a beta of 0.62. The stock has a 50-day moving average price of $176.64 and a 200-day moving average price of $160.36. 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 issued its quarterly earnings results on Thursday, October 24th. The real estate investment trust reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.67 by ($1.58). The company had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.43 billion. Digital Realty Trust had a net margin of 8.04% and a return on equity of 2.24%. The company's quarterly revenue was up 2.1% on a year-over-year basis. During the same quarter last year, the firm posted $1.62 earnings per share. Research analysts expect that Digital Realty Trust, Inc. will post 6.71 EPS for the current fiscal year.

Digital Realty Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Shareholders of record on Friday, December 13th will be paid a dividend of $1.22 per share. This represents a $4.88 annualized dividend and a yield of 2.63%. The ex-dividend date is Friday, December 13th. Digital Realty Trust's payout ratio is presently 410.08%.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Hsbc Global Res upgraded Digital Realty Trust from a "moderate sell" rating to a "hold" rating in a report on Friday, October 4th. TD Cowen boosted their price target on Digital Realty Trust from $120.00 to $128.00 and gave the company a "hold" rating in a report on Friday, October 25th. Wells Fargo & Company boosted their price target on Digital Realty Trust from $185.00 to $210.00 and gave the company an "overweight" rating in a report on Tuesday. Barclays boosted their price target on Digital Realty Trust from $135.00 to $142.00 and gave the company an "underweight" rating in a report on Monday, November 18th. Finally, HSBC raised Digital Realty Trust from a "reduce" rating to a "hold" rating and lifted their target price for the company from $124.00 to $160.00 in a research report on Friday, October 4th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $171.68.

Digital Realty Trust 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.