Digital Realty Trust, Inc. (NYSE:DLR) Shares Acquired by MML Investors Services LLC

MML Investors Services LLC raised its holdings in shares of Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 33.0% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 26,046 shares of the real estate investment trust's stock after buying an additional 6,465 shares during the quarter. MML Investors Services LLC's holdings in Digital Realty Trust were worth $4,215,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Meeder Asset Management Inc. purchased a new position in Digital Realty Trust during the second quarter worth approximately $25,000. Gradient Investments LLC increased its stake in shares of Digital Realty Trust by 75.2% in the 2nd quarter. Gradient Investments LLC now owns 177 shares of the real estate investment trust's stock worth $27,000 after acquiring an additional 76 shares during the last quarter. American Capital Advisory LLC acquired a new position in shares of Digital Realty Trust during the 2nd quarter valued at about $27,000. Private Ocean LLC purchased a new stake in shares of Digital Realty Trust in the second quarter valued at about $27,000. Finally, Asset Dedication LLC acquired a new stake in Digital Realty Trust during the second quarter worth about $31,000. 99.71% of the stock is currently owned by institutional investors and hedge funds.

Digital Realty Trust Stock Performance

NYSE DLR traded down $0.86 during trading on Friday, reaching $185.04. The company's stock had a trading volume of 1,566,862 shares, compared to its average volume of 1,874,898. Digital Realty Trust, Inc. has a twelve month low of $130.00 and a twelve month high of $198.00. The firm has a market cap of $61.38 billion, a price-to-earnings ratio of 155.50, a P/E/G ratio of 4.97 and a beta of 0.62. The business's fifty day moving average price is $178.86 and its 200-day moving average price is $161.33. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.61 and a current ratio of 1.61.

Digital Realty Trust (NYSE:DLR - Get Free Report) last posted its quarterly earnings data 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 company had revenue of $1.43 billion for the quarter, compared to analysts' expectations of $1.43 billion. During the same period in the prior year, the company earned $1.62 earnings per share. The firm's revenue was up 2.1% on a year-over-year basis. As a group, analysts anticipate that Digital Realty Trust, Inc. will post 6.71 EPS for the current fiscal year.

Digital Realty Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 17th. Shareholders of record on Friday, December 13th will be paid 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 2.64%. Digital Realty Trust's dividend payout ratio is currently 410.08%.

Analyst Upgrades and Downgrades

Several research firms have weighed in on DLR. Evercore ISI boosted their target price on shares of Digital Realty Trust from $160.00 to $175.00 and gave the company an "outperform" rating in a report on Wednesday, October 23rd. Barclays increased their price objective on Digital Realty Trust from $135.00 to $142.00 and gave the stock an "underweight" rating in a research report on Monday, November 18th. Wells Fargo & Company lifted their target price on Digital Realty Trust from $185.00 to $210.00 and gave the company an "overweight" rating in a research report on Tuesday. Jefferies Financial Group increased their price target on Digital Realty Trust from $190.00 to $205.00 and gave the stock a "buy" rating in a report on Friday, October 25th. Finally, Raymond James boosted their price objective on shares of Digital Realty Trust from $170.00 to $190.00 and gave the company a "strong-buy" rating in a report on Friday, October 25th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, Digital Realty Trust currently has an average rating of "Moderate Buy" and an average price target of $171.68.

Insiders Place Their Bets

In other Digital Realty Trust news, CFO Matt Mercier sold 2,518 shares of Digital Realty Trust stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $187.40, for a total value of $471,873.20. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 0.17% of the stock is owned by insiders.

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.