Jennison Associates LLC Reduces Stock Position in Digital Realty Trust, Inc. (NYSE:DLR)

Jennison Associates LLC cut its position in shares of Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 29.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 17,725 shares of the real estate investment trust's stock after selling 7,316 shares during the quarter. Jennison Associates LLC's holdings in Digital Realty Trust were worth $2,868,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of DLR. Clear Creek Financial Management LLC boosted its holdings in shares of Digital Realty Trust by 1.6% during the 3rd quarter. Clear Creek Financial Management LLC now owns 3,836 shares of the real estate investment trust's stock worth $621,000 after buying an additional 59 shares in the last quarter. OneDigital Investment Advisors LLC grew its holdings in Digital Realty Trust by 3.2% in the third quarter. OneDigital Investment Advisors LLC now owns 1,886 shares of the real estate investment trust's stock worth $305,000 after purchasing an additional 59 shares during the period. Trueblood Wealth Management LLC increased its stake in Digital Realty Trust by 3.1% in the third quarter. Trueblood Wealth Management LLC now owns 2,061 shares of the real estate investment trust's stock valued at $334,000 after purchasing an additional 61 shares in the last quarter. Gilman Hill Asset Management LLC raised its holdings in shares of Digital Realty Trust by 1.1% during the second quarter. Gilman Hill Asset Management LLC now owns 6,179 shares of the real estate investment trust's stock valued at $940,000 after purchasing an additional 65 shares during the period. Finally, GHP Investment Advisors Inc. boosted its position in shares of Digital Realty Trust by 14.3% during the 3rd quarter. GHP Investment Advisors Inc. now owns 527 shares of the real estate investment trust's stock worth $85,000 after purchasing an additional 66 shares in the last quarter. Institutional investors own 99.71% of the company's stock.

Analysts Set New Price Targets

A number of brokerages recently commented on DLR. Barclays boosted their target price on Digital Realty Trust from $135.00 to $142.00 and gave the company an "underweight" rating in a research report on Monday, November 18th. Raymond James upped their target price on Digital Realty Trust from $170.00 to $190.00 and gave the stock a "strong-buy" rating in a research report on Friday, October 25th. TD Cowen lifted their price target on shares of Digital Realty Trust from $120.00 to $128.00 and gave the company a "hold" rating in a research report on Friday, October 25th. JPMorgan Chase & Co. raised their price objective on shares of Digital Realty Trust from $180.00 to $185.00 and gave the company an "overweight" rating in a research note on Friday, October 25th. Finally, Evercore ISI boosted their target price on shares of Digital Realty Trust from $160.00 to $175.00 and gave the stock an "outperform" rating in a research report on Wednesday, October 23rd. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $170.37.

Digital Realty Trust Price Performance

Shares of NYSE:DLR opened at $189.84 on Friday. The company has a market capitalization of $62.97 billion, a P/E ratio of 159.53, a price-to-earnings-growth ratio of 4.97 and a beta of 0.59. The company's 50-day moving average is $169.56 and its 200 day moving average is $156.43. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.61 and a current ratio of 1.61. Digital Realty Trust, Inc. has a fifty-two week low of $130.00 and a fifty-two week high of $193.88.

Digital Realty Trust (NYSE:DLR - Get Free Report) last released its 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). The company had revenue of $1.43 billion during the quarter, compared to analysts' expectations of $1.43 billion. Digital Realty Trust had a net margin of 8.04% and a return on equity of 2.24%. The firm's revenue was up 2.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.62 earnings per share. On average, equities research analysts forecast that Digital Realty Trust, Inc. will post 6.71 earnings per share for the current year.

Digital Realty Trust Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, January 17th. Stockholders of record on Friday, December 13th will be given a dividend of $1.22 per share. The ex-dividend date of this dividend is Friday, December 13th. This represents a $4.88 dividend on an annualized basis and a dividend yield of 2.57%. Digital Realty Trust's dividend payout ratio is presently 410.08%.

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.