Payden & Rygel Sells 36,400 Shares of Digital Realty Trust, Inc. (NYSE:DLR)

Payden & Rygel decreased its holdings in shares of Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 28.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 93,000 shares of the real estate investment trust's stock after selling 36,400 shares during the period. Payden & Rygel's holdings in Digital Realty Trust were worth $15,050,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. O Shaughnessy Asset Management LLC lifted its position in shares of Digital Realty Trust by 10.0% during the first quarter. O Shaughnessy Asset Management LLC now owns 17,778 shares of the real estate investment trust's stock valued at $2,561,000 after purchasing an additional 1,622 shares in the last quarter. Bessemer Group Inc. boosted its stake in shares of Digital Realty Trust by 102.1% in the 1st quarter. Bessemer Group Inc. now owns 19,528 shares of the real estate investment trust's stock worth $2,813,000 after buying an additional 9,865 shares during the last quarter. Advisors Asset Management Inc. grew its holdings in shares of Digital Realty Trust by 22.4% in the first quarter. Advisors Asset Management Inc. now owns 30,470 shares of the real estate investment trust's stock valued at $4,389,000 after acquiring an additional 5,582 shares in the last quarter. Toronto Dominion Bank increased its position in shares of Digital Realty Trust by 12.5% during the first quarter. Toronto Dominion Bank now owns 188,602 shares of the real estate investment trust's stock valued at $27,166,000 after acquiring an additional 20,977 shares during the last quarter. Finally, Canada Pension Plan Investment Board lifted its holdings in Digital Realty Trust by 4.0% during the first quarter. Canada Pension Plan Investment Board now owns 4,680,249 shares of the real estate investment trust's stock worth $674,143,000 after acquiring an additional 182,100 shares during the period. 99.71% of the stock is owned by institutional investors.

Digital Realty Trust Trading Up 1.0 %

Shares of NYSE:DLR traded up $1.78 on Thursday, hitting $187.69. The company had a trading volume of 567,185 shares, compared to its average volume of 1,858,258. The firm has a market capitalization of $62.26 billion, a price-to-earnings ratio of 156.23, a P/E/G ratio of 4.97 and a beta of 0.59. The firm's 50-day simple moving average is $168.40 and its two-hundred day simple moving average is $155.81. Digital Realty Trust, Inc. has a 1 year low of $130.00 and a 1 year high of $193.88. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 0.81.

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 (EPS) 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 net margin of 8.04% and a return on equity of 2.24%. Digital Realty Trust's revenue for the quarter was up 2.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.62 earnings per share. Equities analysts anticipate that Digital Realty Trust, Inc. will post 6.71 earnings per share for the current fiscal year.

Digital Realty Trust Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 17th. Stockholders of record on Friday, December 13th will be issued a dividend of $1.22 per share. This represents a $4.88 dividend on an annualized basis and a dividend yield of 2.60%. The ex-dividend date is Friday, December 13th. Digital Realty Trust's payout ratio is currently 410.08%.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Royal Bank of Canada boosted their price target on shares of Digital Realty Trust from $177.00 to $207.00 and gave the stock an "outperform" rating in a report on Monday, October 28th. TD Cowen raised their price target on shares of Digital Realty Trust from $120.00 to $128.00 and gave the stock a "hold" rating in a research note on Friday, October 25th. Stifel Nicolaus reissued a "buy" rating and set a $195.00 price objective (up from $185.00) on shares of Digital Realty Trust in a report on Friday, October 25th. Barclays increased their price target on Digital Realty Trust from $135.00 to $142.00 and gave the stock an "underweight" rating in a research note on Monday. Finally, Argus lowered shares of Digital Realty Trust from a "buy" rating to a "hold" rating in a research note on Thursday, August 1st. 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 given 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 price target of $169.84.

Digital Realty Trust 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.