Digital Realty Trust, Inc. (NYSE:DLR) Stock Holdings Lessened by NFJ Investment Group LLC

NFJ Investment Group LLC reduced its stake in Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 11.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 51,765 shares of the real estate investment trust's stock after selling 6,506 shares during the quarter. NFJ Investment Group LLC's holdings in Digital Realty Trust were worth $8,377,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Atria Investments Inc purchased a new stake in Digital Realty Trust in the first quarter valued at approximately $1,363,000. Cetera Investment Advisers lifted its position in shares of Digital Realty Trust by 295.5% during the first quarter. Cetera Investment Advisers now owns 31,665 shares of the real estate investment trust's stock worth $4,561,000 after purchasing an additional 23,659 shares in the last quarter. Cetera Advisors LLC lifted its position in shares of Digital Realty Trust by 26.9% during the first quarter. Cetera Advisors LLC now owns 11,145 shares of the real estate investment trust's stock worth $1,605,000 after purchasing an additional 2,361 shares in the last quarter. First Hawaiian Bank acquired a new stake in Digital Realty Trust in the second quarter valued at $380,000. Finally, Mather Group LLC. raised its holdings in Digital Realty Trust by 4.2% in the second quarter. Mather Group LLC. now owns 2,960 shares of the real estate investment trust's stock valued at $426,000 after acquiring an additional 119 shares in the last quarter. Hedge funds and other institutional investors own 99.71% of the company's stock.

Digital Realty Trust Price Performance

Shares of NYSE:DLR traded down $0.17 during trading hours on Wednesday, hitting $190.90. 680,605 shares of the company's stock traded hands, compared to its average volume of 1,870,665. Digital Realty Trust, Inc. has a 52 week low of $130.00 and a 52 week high of $198.00. 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 company's fifty day simple moving average is $174.34 and its two-hundred day simple moving average is $159.03. The company has a market cap of $63.32 billion, a price-to-earnings ratio of 160.55, a price-to-earnings-growth ratio of 5.10 and a beta of 0.62.

Digital Realty Trust (NYSE:DLR - Get Free Report) last posted its quarterly earnings data 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). Digital Realty Trust had a net margin of 8.04% and a return on equity of 2.24%. The business had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.43 billion. During the same quarter last year, the business posted $1.62 EPS. The business's revenue for the quarter was up 2.1% on a year-over-year basis. As a group, equities analysts anticipate that Digital Realty Trust, Inc. will post 6.71 EPS for the current fiscal year.

Digital Realty Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 17th. Shareholders of record on Friday, December 13th will be paid a dividend of $1.22 per share. This represents a $4.88 dividend on an annualized basis and a yield of 2.56%. The ex-dividend date of this dividend is Friday, December 13th. Digital Realty Trust's dividend payout ratio is presently 410.08%.

Wall Street Analyst Weigh In

Several research firms recently issued reports on DLR. Hsbc Global Res raised shares of Digital Realty Trust from a "moderate sell" rating to a "hold" rating in a report 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 report on Tuesday, November 12th. HSBC raised shares of Digital Realty Trust from a "reduce" rating to a "hold" rating and increased their target price for the stock from $124.00 to $160.00 in a report on Friday, October 4th. Evercore ISI increased their target price on shares of Digital Realty Trust from $160.00 to $175.00 and gave the stock an "outperform" rating in a report on Wednesday, October 23rd. Finally, JPMorgan Chase & Co. upped their price target 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, nine have given a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $170.37.

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.