ING Groep NV Sells 26,405 Shares of Digital Realty Trust, Inc. (NYSE:DLR)

ING Groep NV trimmed its position in Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 60.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 17,261 shares of the real estate investment trust's stock after selling 26,405 shares during the period. ING Groep NV's holdings in Digital Realty Trust were worth $2,793,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in DLR. Meeder Asset Management Inc. bought a new position in shares of Digital Realty Trust in the 2nd quarter worth about $25,000. Gradient Investments LLC increased its stake in shares of Digital Realty Trust by 75.2% during the second 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 purchased a new position in shares of Digital Realty Trust during the second quarter valued at approximately $27,000. Private Ocean LLC bought a new stake in shares of Digital Realty Trust in the 2nd quarter worth approximately $27,000. Finally, Asset Dedication LLC purchased a new stake in shares of Digital Realty Trust in the 2nd quarter worth approximately $31,000. Institutional investors own 99.71% of the company's stock.

Digital Realty Trust Stock Performance

DLR opened at $179.67 on Friday. Digital Realty Trust, Inc. has a 12-month low of $130.00 and a 12-month high of $193.88. The company has a market cap of $59.60 billion, a price-to-earnings ratio of 150.98, 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. The company's 50 day moving average is $166.56 and its 200 day moving average is $154.89.

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 the consensus estimate of $1.67 by ($1.58). The business had revenue of $1.43 billion for the quarter, compared to analysts' expectations 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 revenue was up 2.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.62 EPS. On average, equities research analysts predict that Digital Realty Trust, Inc. will post 6.71 EPS for the current 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 given a $1.22 dividend. This represents a $4.88 dividend on an annualized basis and a yield of 2.72%. The ex-dividend date is Friday, December 13th. Digital Realty Trust's payout ratio is 410.08%.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on DLR shares. Barclays lifted their price objective on Digital Realty Trust from $130.00 to $135.00 and gave the company an "underweight" rating in a research note on Thursday, October 10th. Argus cut shares of Digital Realty Trust from a "buy" rating to a "hold" rating in a research note on Thursday, August 1st. Royal Bank of Canada raised their price objective on shares of Digital Realty Trust from $177.00 to $207.00 and gave the company an "outperform" rating in a research note on Monday, October 28th. Wells Fargo & Company upped their target price 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. Finally, HSBC raised shares of Digital Realty Trust from a "reduce" rating to a "hold" rating and raised their price target for the company from $124.00 to $160.00 in a research report on Friday, October 4th. 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 issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $169.47.

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.