Waterfront Capital Partners LLC Has $35.97 Million Stake in Digital Realty Trust, Inc. (NYSE:DLR)

Waterfront Capital Partners LLC decreased its position in shares of Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 44.9% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 222,242 shares of the real estate investment trust's stock after selling 181,117 shares during the period. Digital Realty Trust accounts for approximately 4.9% of Waterfront Capital Partners LLC's portfolio, making the stock its 3rd largest holding. Waterfront Capital Partners LLC owned approximately 0.07% of Digital Realty Trust worth $35,965,000 at the end of the most recent quarter.

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

Digital Realty Trust Stock Up 0.2 %

NYSE:DLR traded up $0.41 during mid-day trading on Friday, reaching $195.69. The stock had a trading volume of 1,492,296 shares, compared to its average volume of 1,877,242. The stock's 50 day simple moving average is $173.14 and its two-hundred day simple moving average is $158.15. Digital Realty Trust, Inc. has a 1-year low of $130.00 and a 1-year high of $198.00. The company has a market capitalization of $64.91 billion, a price-to-earnings ratio of 164.45, a price-to-earnings-growth ratio of 5.18 and a beta of 0.59. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.61 and a quick ratio of 1.61.

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 for the quarter, missing analysts' consensus estimates 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 during the quarter, compared to the consensus estimate of $1.43 billion. Digital Realty Trust's revenue was up 2.1% compared to the same quarter last year. During the same quarter last year, the firm posted $1.62 earnings per share. Equities analysts anticipate that Digital Realty Trust, Inc. will post 6.71 EPS for the current year.

Digital Realty Trust Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the stock. Barclays boosted their price objective on shares of Digital Realty Trust from $135.00 to $142.00 and gave the company an "underweight" rating in a research note on Monday, November 18th. JPMorgan Chase & Co. upped their price target on Digital Realty Trust from $180.00 to $185.00 and gave the stock an "overweight" rating in a research note on Friday, October 25th. HSBC raised Digital Realty Trust from a "reduce" rating to a "hold" rating and lifted their price objective for the company from $124.00 to $160.00 in a research note on Friday, October 4th. Truist Financial increased their target price on shares of Digital Realty Trust from $168.00 to $202.00 and gave the stock a "buy" rating in a research report on Tuesday, November 12th. Finally, Stifel Nicolaus lifted their price target on shares of Digital Realty Trust from $195.00 to $205.00 and gave the company a "buy" rating in a research report on Thursday, November 21st. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Digital Realty Trust presently has a consensus rating of "Hold" and an average target price of $170.37.

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.