Digital Realty Trust, Inc. (NYSE:DLR) Shares Sold by Fred Alger Management LLC

Fred Alger Management LLC reduced its position in shares of Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 56.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,064 shares of the real estate investment trust's stock after selling 3,971 shares during the quarter. Fred Alger Management LLC's holdings in Digital Realty Trust were worth $496,000 as of its most recent SEC filing.

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

Digital Realty Trust Stock Down 1.8 %

DLR stock traded down $3.51 during mid-day trading on Monday, reaching $192.18. The company had a trading volume of 2,293,510 shares, compared to its average volume of 1,879,036. 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 capitalization of $63.75 billion, a price-to-earnings ratio of 161.48, a price-to-earnings-growth ratio of 5.19 and a beta of 0.59. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.61 and a current ratio of 1.61. The firm has a fifty day simple moving average of $173.14 and a 200 day simple moving average of $158.36.

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 analysts' consensus estimates of $1.67 by ($1.58). Digital Realty Trust had a return on equity of 2.24% and a net margin of 8.04%. The firm had revenue of $1.43 billion during the quarter, compared to analysts' expectations of $1.43 billion. During the same quarter in the prior year, the firm earned $1.62 EPS. The firm's revenue was up 2.1% compared to the same quarter last year. Analysts forecast that Digital Realty Trust, Inc. will post 6.71 earnings per share for the current fiscal year.

Digital Realty Trust Announces Dividend

The business also recently declared 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 2.54%. Digital Realty Trust's dividend payout ratio is currently 410.08%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on DLR. Wells Fargo & Company lifted their price target on Digital Realty Trust from $175.00 to $185.00 and gave the stock an "overweight" rating in a research note on Friday, October 25th. Jefferies Financial Group increased their target price on shares of Digital Realty Trust from $190.00 to $205.00 and gave the company a "buy" rating in a research report on Friday, October 25th. Stifel Nicolaus upped their price objective on shares of Digital Realty Trust from $195.00 to $205.00 and gave the company a "buy" rating in a research note on Thursday, November 21st. Royal Bank of Canada raised their target price on shares of Digital Realty Trust from $177.00 to $207.00 and gave the stock an "outperform" rating in a research note on Monday, October 28th. Finally, Hsbc Global Res upgraded Digital Realty Trust from a "moderate sell" rating to a "hold" rating in a research report on Friday, October 4th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average price target 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.