Fmr LLC Sells 510,767 Shares of Digital Realty Trust, Inc. (NYSE:DLR)

FMR LLC reduced its stake in Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 10.3% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,436,917 shares of the real estate investment trust's stock after selling 510,767 shares during the quarter. FMR LLC owned 1.34% of Digital Realty Trust worth $718,026,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in DLR. Elios Financial Group Inc. acquired a new stake in Digital Realty Trust in the 3rd quarter valued at approximately $223,000. Dai ichi Life Insurance Company Ltd raised its holdings in shares of Digital Realty Trust by 70.5% in the third quarter. Dai ichi Life Insurance Company Ltd now owns 14,510 shares of the real estate investment trust's stock valued at $2,348,000 after purchasing an additional 6,000 shares during the last quarter. Private Trust Co. NA lifted its position in shares of Digital Realty Trust by 14.4% in the third quarter. Private Trust Co. NA now owns 3,417 shares of the real estate investment trust's stock worth $553,000 after purchasing an additional 430 shares in the last quarter. Vision Capital Corp boosted its holdings in Digital Realty Trust by 17.0% during the third quarter. Vision Capital Corp now owns 379,469 shares of the real estate investment trust's stock worth $61,409,000 after purchasing an additional 55,000 shares during the last quarter. Finally, Truvestments Capital LLC bought a new position in Digital Realty Trust in the third quarter valued at $152,000. 99.71% of the stock is owned by institutional investors and hedge funds.

Digital Realty Trust Price Performance

Shares of DLR traded up $0.41 during trading hours on Friday, hitting $195.69. 1,492,298 shares of the company were exchanged, compared to its average volume of 1,877,242. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 0.81. Digital Realty Trust, Inc. has a fifty-two week low of $130.00 and a fifty-two week high of $198.00. The company has a market cap of $64.91 billion, a price-to-earnings ratio of 164.45, a P/E/G ratio of 5.18 and a beta of 0.59. The firm's fifty day moving average is $172.40 and its 200 day moving average is $157.79.

Digital Realty Trust (NYSE:DLR - Get Free Report) last announced its quarterly earnings data on Thursday, October 24th. The real estate investment trust reported $0.09 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.67 by ($1.58). The firm had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.43 billion. Digital Realty Trust had a return on equity of 2.24% and a net margin of 8.04%. The company's quarterly revenue was up 2.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.62 earnings per share. On average, equities analysts anticipate that Digital Realty Trust, Inc. will post 6.71 earnings per share for the current fiscal year.

Digital Realty Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 17th. Stockholders 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 dividend yield of 2.49%. Digital Realty Trust's payout ratio is 410.08%.

Analyst Ratings Changes

Several equities research analysts have commented on DLR shares. Barclays boosted their price target on shares of Digital Realty Trust from $135.00 to $142.00 and gave the stock an "underweight" rating in a research report on Monday, November 18th. Scotiabank increased their price target on Digital Realty Trust from $157.00 to $178.00 and gave the company a "sector perform" rating in a research report on Friday, October 25th. Jefferies Financial Group boosted their price target 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. Stifel Nicolaus increased their price objective on Digital Realty Trust from $195.00 to $205.00 and gave the company a "buy" rating in a report on Thursday, November 21st. Finally, TD Cowen boosted their target price on shares of Digital Realty Trust from $120.00 to $128.00 and gave the stock a "hold" rating in a report on Friday, October 25th. Two 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's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus 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.