Geode Capital Management LLC Sells 258,487 Shares of Digital Realty Trust, Inc. (NYSE:DLR)

Geode Capital Management LLC cut its holdings in Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 3.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 8,245,945 shares of the real estate investment trust's stock after selling 258,487 shares during the quarter. Geode Capital Management LLC owned about 2.49% of Digital Realty Trust worth $1,330,308,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Daiwa Securities Group Inc. raised its holdings in shares of Digital Realty Trust by 2.5% in the 3rd quarter. Daiwa Securities Group Inc. now owns 4,843,432 shares of the real estate investment trust's stock worth $783,812,000 after purchasing an additional 117,461 shares in the last quarter. Canada Pension Plan Investment Board increased its holdings in shares of Digital Realty Trust by 3.1% in the second quarter. Canada Pension Plan Investment Board now owns 4,826,432 shares of the real estate investment trust's stock valued at $733,859,000 after buying an additional 146,183 shares in the last quarter. Legal & General Group Plc lifted its position in shares of Digital Realty Trust by 2.8% during the 2nd quarter. Legal & General Group Plc now owns 4,730,168 shares of the real estate investment trust's stock valued at $719,222,000 after acquiring an additional 129,799 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Digital Realty Trust by 5.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 4,541,327 shares of the real estate investment trust's stock worth $690,498,000 after acquiring an additional 228,585 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of Digital Realty Trust by 501.7% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,326,914 shares of the real estate investment trust's stock worth $700,224,000 after acquiring an additional 3,607,802 shares during the last quarter. 99.71% of the stock is owned by institutional investors and hedge funds.

Digital Realty Trust Stock Up 0.8 %

Shares of DLR stock traded up $1.42 on Wednesday, hitting $187.13. The company's stock had a trading volume of 1,836,303 shares, compared to its average volume of 1,875,407. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.61 and a quick ratio of 1.61. The stock has a market capitalization of $62.07 billion, a price-to-earnings ratio of 157.71, a P/E/G ratio of 5.11 and a beta of 0.62. Digital Realty Trust, Inc. has a fifty-two week low of $130.00 and a fifty-two week high of $198.00. The firm's fifty day moving average price is $177.15 and its 200-day moving average price is $160.67.

Digital Realty Trust (NYSE:DLR - Get Free Report) last announced its quarterly earnings results on Thursday, October 24th. The real estate investment trust reported $0.09 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 company had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.43 billion. During the same quarter last year, the business earned $1.62 EPS. The company's revenue for the quarter was up 2.1% on a year-over-year basis. Research analysts anticipate that Digital Realty Trust, Inc. will post 6.71 EPS for the current year.

Digital Realty Trust Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Shareholders of record on Friday, December 13th will be issued a $1.22 dividend. This represents a $4.88 dividend on an annualized basis and a yield of 2.61%. The ex-dividend date of this dividend is Friday, December 13th. Digital Realty Trust's dividend payout ratio (DPR) is currently 410.08%.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on DLR shares. Raymond James increased their price target on Digital Realty Trust from $170.00 to $190.00 and gave the company a "strong-buy" rating in a research report on Friday, October 25th. Wells Fargo & Company raised their target price on shares of Digital Realty Trust from $185.00 to $210.00 and gave the stock an "overweight" rating in a report on Tuesday. Hsbc Global Res upgraded shares of Digital Realty Trust from a "moderate sell" rating to a "hold" rating in a report on Friday, October 4th. HSBC upgraded shares of Digital Realty Trust from a "reduce" rating to a "hold" rating and upped their price target for the company from $124.00 to $160.00 in a research report on Friday, October 4th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Digital Realty Trust from $180.00 to $185.00 and gave the stock an "overweight" rating in a research report on Friday, October 25th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $171.68.

About Digital Realty Trust

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.