Shell Asset Management Co. reduced its stake in shares of Digital Realty Trust Inc. (NYSE:DLR) by 54.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,971 shares of the real estate investment trust’s stock after selling 15,442 shares during the period. Shell Asset Management Co.’s holdings in Digital Realty Trust were worth $1,260,000 as of its most recent SEC filing.
Several other institutional investors also recently added to or reduced their stakes in the stock. Muzinich & Co. Inc. increased its position in Digital Realty Trust by 16.4% in the third quarter. Muzinich & Co. Inc. now owns 1,031 shares of the real estate investment trust’s stock valued at $100,000 after buying an additional 145 shares in the last quarter. Euclid Advisors LLC bought a new position in Digital Realty Trust during the second quarter valued at approximately $108,000. Financial Architects Inc bought a new position in Digital Realty Trust during the second quarter valued at approximately $200,000. Calamos Advisors LLC bought a new position in Digital Realty Trust during the second quarter valued at approximately $213,000. Finally, Zacks Investment Management bought a new position in Digital Realty Trust during the second quarter valued at approximately $217,000.
Shares of Digital Realty Trust Inc. (NYSE:DLR) traded up 0.11% on Thursday, reaching $104.75. 983,080 shares of the company were exchanged. Digital Realty Trust Inc. has a 12-month low of $71.87 and a 12-month high of $113.21. The stock’s 50-day moving average is $97.19 and its 200 day moving average is $97.73. The firm has a market capitalization of $16.65 billion, a PE ratio of 72.19 and a beta of 0.14.
Digital Realty Trust (NYSE:DLR) last announced its quarterly earnings data on Thursday, October 27th. The real estate investment trust reported $1.44 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $1.44. Digital Realty Trust had a return on equity of 9.81% and a net margin of 15.25%. The business had revenue of $546.30 million for the quarter, compared to analysts’ expectations of $538.82 million. During the same period in the previous year, the business posted $1.28 EPS. The firm’s quarterly revenue was up 25.3% compared to the same quarter last year. On average, analysts forecast that Digital Realty Trust Inc. will post $2.01 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, January 13th. Shareholders of record on Thursday, December 15th were issued a dividend of $0.88 per share. This represents a $3.52 dividend on an annualized basis and a yield of 3.36%. The ex-dividend date was Tuesday, December 13th. Digital Realty Trust’s payout ratio is presently 246.15%.
DLR has been the topic of several research reports. RBC Capital Markets reiterated a “buy” rating and issued a $120.00 price objective on shares of Digital Realty Trust in a report on Tuesday, January 3rd. Canaccord Genuity restated a “buy” rating and issued a $105.00 price target (up from $102.00) on shares of Digital Realty Trust in a research note on Friday, December 23rd. Citigroup Inc. upgraded shares of Digital Realty Trust from a “neutral” rating to a “buy” rating in a research note on Thursday, December 8th. Zacks Investment Research upgraded shares of Digital Realty Trust from a “hold” rating to a “buy” rating and set a $103.00 price target on the stock in a research note on Tuesday, October 11th. Finally, Bank of America Corp. restated a “buy” rating and issued a $120.00 price target on shares of Digital Realty Trust in a research note on Wednesday, September 28th. Six equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $108.50.
In other Digital Realty Trust news, SVP Joshua A. Mills sold 9,239 shares of Digital Realty Trust stock in a transaction dated Thursday, January 5th. The stock was sold at an average price of $101.94, for a total transaction of $941,823.66. Following the completion of the transaction, the senior vice president now owns 9,815 shares of the company’s stock, valued at approximately $1,000,541.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Joshua A. Mills sold 1,759 shares of Digital Realty Trust stock in a transaction dated Friday, December 16th. The shares were sold at an average price of $95.20, for a total value of $167,456.80. Following the transaction, the senior vice president now directly owns 5,925 shares of the company’s stock, valued at approximately $564,060. The disclosure for this sale can be found here. 0.29% of the stock is owned by insiders.
About Digital Realty Trust
Digital Realty Trust, Inc is a real estate investment trust (REIT). The Company owns, acquires, develops and manages technology-related real estate. The Company is focused on providing data center and colocation solutions for domestic and international tenants across a range of industry verticals ranging from financial services, cloud and information technology services, to manufacturing, energy, healthcare and consumer products.
Want to see what other hedge funds are holding DLR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Digital Realty Trust Inc. (NYSE:DLR).