LGT Capital Partners LTD. Lowers Holdings in Digital Realty Trust, Inc. (NYSE:DLR)

LGT Capital Partners LTD. decreased its position in shares of Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 15.4% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 34,556 shares of the real estate investment trust's stock after selling 6,300 shares during the period. LGT Capital Partners LTD.'s holdings in Digital Realty Trust were worth $5,592,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also modified their holdings of DLR. Meeder Asset Management Inc. acquired a new stake in shares of Digital Realty Trust during the second quarter worth $25,000. Gradient Investments LLC raised its holdings 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 valued at $27,000 after purchasing an additional 76 shares in the last quarter. American Capital Advisory LLC acquired a new stake in shares of Digital Realty Trust in the second quarter valued at approximately $27,000. Private Ocean LLC purchased a new position in shares of Digital Realty Trust during the 2nd quarter worth approximately $27,000. Finally, Asset Dedication LLC acquired a new position in Digital Realty Trust during the second quarter worth about $31,000. Hedge funds and other institutional investors own 99.71% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. Stifel Nicolaus reiterated a "buy" rating and set a $195.00 price objective (up from $185.00) on shares of Digital Realty Trust in a research note on Friday, October 25th. HSBC upgraded Digital Realty Trust from a "reduce" rating to a "hold" rating and lifted their price target for the stock from $124.00 to $160.00 in a research note on Friday, October 4th. JPMorgan Chase & Co. boosted their price target on Digital Realty Trust from $180.00 to $185.00 and gave the stock an "overweight" rating in a research report on Friday, October 25th. Argus downgraded Digital Realty Trust from a "buy" rating to a "hold" rating in a report on Thursday, August 1st. Finally, Wells Fargo & Company upped their price target on shares of Digital Realty Trust from $175.00 to $185.00 and gave the stock an "overweight" rating in a research note on Friday, October 25th. Two 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, the stock has a consensus rating of "Hold" and an average target price of $169.84.

Digital Realty Trust Stock Up 2.1 %

Digital Realty Trust stock traded up $3.82 during trading hours on Tuesday, hitting $187.11. 1,106,938 shares of the stock traded hands, compared to its average volume of 1,863,458. Digital Realty Trust, Inc. has a one year low of $130.00 and a one year high of $193.88. The firm's 50-day moving average price is $167.24 and its two-hundred day moving average price is $155.31. The company has a market cap of $62.07 billion, a PE ratio of 153.88, a PEG ratio of 4.77 and a beta of 0.59. 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 announced its 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 business had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.43 billion. During the same quarter last year, the firm posted $1.62 earnings per share. The business's quarterly revenue was up 2.1% compared to the same quarter last year. On average, research analysts forecast that Digital Realty Trust, Inc. will post 6.71 EPS for the current year.

Digital Realty Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Stockholders of record on Friday, December 13th will be paid a dividend of $1.22 per share. The ex-dividend date is Friday, December 13th. This represents a $4.88 dividend on an annualized basis and a dividend yield of 2.61%. Digital Realty Trust's dividend payout ratio is 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.