State Street Corp Sells 809,729 Shares of Digital Realty Trust, Inc. (NYSE:DLR)

State Street Corp cut its holdings in shares of Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 4.0% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 19,366,185 shares of the real estate investment trust's stock after selling 809,729 shares during the quarter. State Street Corp owned 5.84% of Digital Realty Trust worth $3,134,030,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Cetera Investment Advisers increased its stake in shares of Digital Realty Trust by 295.5% in the first quarter. Cetera Investment Advisers now owns 31,665 shares of the real estate investment trust's stock worth $4,561,000 after buying an additional 23,659 shares during the period. Cetera Advisors LLC boosted its holdings 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 during the period. Park Avenue Securities LLC grew its stake in shares of Digital Realty Trust by 13.7% in the second quarter. Park Avenue Securities LLC now owns 7,869 shares of the real estate investment trust's stock worth $1,196,000 after purchasing an additional 950 shares during the last quarter. Simplicity Wealth LLC increased its holdings in Digital Realty Trust by 18.1% during the 2nd quarter. Simplicity Wealth LLC now owns 4,171 shares of the real estate investment trust's stock valued at $634,000 after purchasing an additional 639 shares during the period. Finally, U.S. Capital Wealth Advisors LLC raised its position in Digital Realty Trust by 1.8% during the 2nd quarter. U.S. Capital Wealth Advisors LLC now owns 9,495 shares of the real estate investment trust's stock valued at $1,444,000 after purchasing an additional 171 shares during the last quarter. Institutional investors own 99.71% of the company's stock.

Digital Realty Trust Stock Up 0.8 %

Shares of NYSE DLR traded up $1.55 during midday trading on Friday, hitting $192.63. The stock had a trading volume of 2,073,796 shares, compared to its average volume of 1,873,774. The business's 50 day moving average is $175.48 and its 200-day moving average is $159.47. Digital Realty Trust, Inc. has a 52 week low of $130.00 and a 52 week high of $198.00. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 0.81. The company has a market cap of $63.90 billion, a P/E ratio of 161.92, a PEG ratio of 5.07 and a beta of 0.62.

Digital Realty Trust (NYSE:DLR - Get Free Report) last released its quarterly earnings data 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). 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 during the quarter, compared to the consensus estimate of $1.43 billion. During the same period last year, the company posted $1.62 earnings per share. The business's revenue was up 2.1% compared to the same quarter last year. As a group, analysts predict that Digital Realty Trust, Inc. will post 6.71 EPS for the current year.

Digital Realty Trust Announces Dividend

The firm also recently announced 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 2.53%. The ex-dividend date of this dividend is Friday, December 13th. Digital Realty Trust's dividend payout ratio (DPR) is 410.08%.

Analyst Ratings Changes

A number of brokerages have recently weighed in on DLR. JPMorgan Chase & Co. lifted their price objective on Digital Realty Trust from $180.00 to $185.00 and gave the stock an "overweight" rating in a research report on Friday, October 25th. Hsbc Global Res upgraded shares of Digital Realty Trust from a "moderate sell" rating to a "hold" rating in a report on Friday, October 4th. HSBC upgraded shares of Digital Realty Trust from a "reduce" rating to a "hold" rating and upped their price objective for the stock from $124.00 to $160.00 in a report on Friday, October 4th. Barclays lifted their target price on shares of Digital Realty Trust from $135.00 to $142.00 and gave the company an "underweight" rating in a research note on Monday, November 18th. Finally, Truist Financial increased their price target on shares of Digital Realty Trust from $168.00 to $202.00 and gave the stock a "buy" rating in a research note on Tuesday, November 12th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Digital Realty Trust has a consensus rating of "Hold" and an average target price of $170.37.

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.