Chilton Capital Management LLC Cuts Stake in Digital Realty Trust, Inc. (NYSE:DLR)

Chilton Capital Management LLC lessened its stake in shares of Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 32.1% in the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 107,715 shares of the real estate investment trust's stock after selling 50,868 shares during the period. Chilton Capital Management LLC's holdings in Digital Realty Trust were worth $16,378,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in DLR. Norges Bank purchased a new stake in Digital Realty Trust during the fourth quarter worth about $2,141,890,000. Vanguard Group Inc. increased its holdings in Digital Realty Trust by 2.0% during the first quarter. Vanguard Group Inc. now owns 48,503,593 shares of the real estate investment trust's stock worth $6,986,458,000 after buying an additional 951,567 shares during the last quarter. Balyasny Asset Management L.P. purchased a new stake in Digital Realty Trust during the fourth quarter worth about $107,372,000. Kodai Capital Management LP purchased a new stake in Digital Realty Trust during the fourth quarter worth about $59,087,000. Finally, UBS Group AG increased its holdings in Digital Realty Trust by 45.6% during the fourth quarter. UBS Group AG now owns 784,048 shares of the real estate investment trust's stock worth $105,517,000 after buying an additional 245,554 shares during the last quarter. Hedge funds and other institutional investors own 99.71% of the company's stock.

Analysts Set New Price Targets

DLR has been the subject of several recent research reports. BMO Capital Markets upgraded shares of Digital Realty Trust from a "market perform" rating to an "outperform" rating and lifted their target price for the stock from $144.00 to $170.00 in a research note on Wednesday, June 26th. Truist Financial lifted their target price on shares of Digital Realty Trust from $160.00 to $168.00 and gave the stock a "buy" rating in a research note on Tuesday, August 13th. TD Cowen reduced their target price on shares of Digital Realty Trust from $122.00 to $120.00 and set a "hold" rating for the company in a research note on Friday, July 26th. Mizuho initiated coverage on shares of Digital Realty Trust in a research note on Thursday, July 11th. They issued an "outperform" rating and a $170.00 target price for the company. Finally, Royal Bank of Canada lifted their target price on shares of Digital Realty Trust from $144.00 to $160.00 and gave the stock an "outperform" rating in a research note on Monday, June 3rd. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $154.00.

Digital Realty Trust Price Performance

Digital Realty Trust stock traded up $2.11 during mid-day trading on Monday, hitting $151.61. 3,050,900 shares of the company traded hands, compared to its average volume of 1,853,039. Digital Realty Trust, Inc. has a one year low of $113.94 and a one year high of $162.58. The stock has a market cap of $49.64 billion, a price-to-earnings ratio of 42.11, a price-to-earnings-growth ratio of 4.84 and a beta of 0.59. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.78 and a current ratio of 1.78. The stock has a fifty day moving average price of $151.30 and a 200-day moving average price of $146.00.

Digital Realty Trust (NYSE:DLR - Get Free Report) last announced its earnings results on Thursday, July 25th. The real estate investment trust reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.63 by ($1.43). Digital Realty Trust had a net margin of 20.58% and a return on equity of 5.93%. The company had revenue of $1.36 billion for the quarter, compared to the consensus estimate of $1.38 billion. During the same quarter in the previous year, the firm earned $1.68 earnings per share. The company's revenue for the quarter was down .7% compared to the same quarter last year. On average, equities analysts predict that Digital Realty Trust, Inc. will post 6.65 earnings per share for the current fiscal year.

Digital Realty Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 13th will be issued a $1.22 dividend. The ex-dividend date is Friday, September 13th. This represents a $4.88 dividend on an annualized basis and a dividend yield of 3.22%. Digital Realty Trust's payout ratio is 135.56%.

Insider Transactions at Digital Realty Trust

In other news, Director Jean F. H. P. Mandeville sold 600 shares of the business's stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $150.26, for a total value of $90,156.00. Following the completion of the sale, the director now directly owns 9,055 shares in the company, valued at approximately $1,360,604.30. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 0.17% of the company's stock.

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.