Rockefeller Capital Management L.P. Has $61.64 Million Stake in Digital Realty Trust, Inc. (NYSE:DLR)

Rockefeller Capital Management L.P. boosted its stake in shares of Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 6.4% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 381,001 shares of the real estate investment trust's stock after purchasing an additional 23,028 shares during the quarter. Rockefeller Capital Management L.P. owned about 0.11% of Digital Realty Trust worth $61,643,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Clear Creek Financial Management LLC raised its stake in Digital Realty Trust by 1.6% during the 3rd quarter. Clear Creek Financial Management LLC now owns 3,836 shares of the real estate investment trust's stock valued at $621,000 after purchasing an additional 59 shares during the last quarter. OneDigital Investment Advisors LLC raised its holdings in Digital Realty Trust by 3.2% in the 3rd quarter. OneDigital Investment Advisors LLC now owns 1,886 shares of the real estate investment trust's stock valued at $305,000 after acquiring an additional 59 shares in the last quarter. Trueblood Wealth Management LLC lifted its position in shares of Digital Realty Trust by 3.1% in the 3rd quarter. Trueblood Wealth Management LLC now owns 2,061 shares of the real estate investment trust's stock worth $334,000 after acquiring an additional 61 shares during the period. Gilman Hill Asset Management LLC grew its holdings in shares of Digital Realty Trust by 1.1% during the 2nd quarter. Gilman Hill Asset Management LLC now owns 6,179 shares of the real estate investment trust's stock worth $940,000 after purchasing an additional 65 shares in the last quarter. Finally, GHP Investment Advisors Inc. increased its position in shares of Digital Realty Trust by 14.3% during the third quarter. GHP Investment Advisors Inc. now owns 527 shares of the real estate investment trust's stock valued at $85,000 after purchasing an additional 66 shares during the period. Institutional investors and hedge funds own 99.71% of the company's stock.

Digital Realty Trust Trading Up 0.2 %

DLR stock traded up $0.41 during trading on Friday, hitting $195.69. The company had a trading volume of 1,492,298 shares, compared to its average volume of 1,877,242. The firm has a 50-day moving average price of $173.14 and a 200-day moving average price of $158.15. Digital Realty Trust, Inc. has a 12 month low of $130.00 and a 12 month high of $198.00. 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 stock has a market cap of $64.91 billion, a price-to-earnings ratio of 164.45, a PEG ratio of 5.18 and a beta of 0.59.

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). 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 period last year, the company earned $1.62 EPS. The company's revenue was up 2.1% compared to the same quarter last year. As a group, analysts predict that Digital Realty Trust, Inc. will post 6.71 earnings per share for the current year.

Digital Realty Trust Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Stockholders of record on Friday, December 13th will be given a dividend of $1.22 per share. The ex-dividend date is Friday, December 13th. This represents a $4.88 annualized dividend and a dividend yield of 2.49%. Digital Realty Trust's payout ratio is currently 410.08%.

Wall Street Analyst Weigh In

DLR has been the subject of several research reports. Jefferies Financial Group raised their target price on Digital Realty Trust from $190.00 to $205.00 and gave the stock a "buy" rating in a research report on Friday, October 25th. Evercore ISI lifted their target price on shares of Digital Realty Trust from $160.00 to $175.00 and gave the company an "outperform" rating in a research report on Wednesday, October 23rd. Stifel Nicolaus increased their price target on shares of Digital Realty Trust from $195.00 to $205.00 and gave the stock a "buy" rating in a research report on Thursday, November 21st. Truist Financial lifted their price objective on Digital Realty Trust from $168.00 to $202.00 and gave the company a "buy" rating in a report on Tuesday, November 12th. Finally, Wells Fargo & Company upped their price objective on Digital Realty Trust from $175.00 to $185.00 and gave the company an "overweight" rating in a research note on Friday, October 25th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $170.37.

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.