Digital Realty Trust, Inc. (NYSE:DLR) Stock Position Lowered by Makena Capital Management LLC

Makena Capital Management LLC reduced its position in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 3.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 54,413 shares of the real estate investment trust’s stock after selling 1,812 shares during the quarter. Makena Capital Management LLC’s holdings in Digital Realty Trust were worth $8,806,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. O Shaughnessy Asset Management LLC boosted its holdings 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 worth $2,561,000 after purchasing an additional 1,622 shares during the period. Bessemer Group Inc. raised its stake in shares of Digital Realty Trust by 102.1% during the 1st quarter. Bessemer Group Inc. now owns 19,528 shares of the real estate investment trust’s stock worth $2,813,000 after purchasing an additional 9,865 shares in the last quarter. Advisors Asset Management Inc. lifted its holdings in shares of Digital Realty Trust by 22.4% during the 1st quarter. Advisors Asset Management Inc. now owns 30,470 shares of the real estate investment trust’s stock valued at $4,389,000 after buying an additional 5,582 shares during the last quarter. Toronto Dominion Bank grew its stake in shares of Digital Realty Trust by 12.5% in the 1st quarter. Toronto Dominion Bank now owns 188,602 shares of the real estate investment trust’s stock valued at $27,166,000 after buying an additional 20,977 shares in the last quarter. Finally, Canada Pension Plan Investment Board raised its position 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 valued at $674,143,000 after acquiring an additional 182,100 shares in the last quarter. Hedge funds and other institutional investors own 99.71% of the company’s stock.

Digital Realty Trust Trading Down 0.7 %

DLR stock opened at $185.91 on Thursday. The company has a current ratio of 1.61, a quick ratio of 1.61 and a debt-to-equity ratio of 0.81. The firm has a market cap of $61.67 billion, a P/E ratio of 156.23, a P/E/G ratio of 4.97 and a beta of 0.59. Digital Realty Trust, Inc. has a 1-year low of $130.00 and a 1-year high of $193.88. The business’s 50 day moving average is $168.40 and its 200-day moving average is $155.81.

Digital Realty Trust (NYSE:DLR) 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 return on equity of 2.24% and a net margin of 8.04%. The company had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.43 billion. During the same quarter in the prior year, the company earned $1.62 earnings per share. The business’s revenue was up 2.1% compared to the same quarter last year. Equities analysts anticipate that Digital Realty Trust, Inc. will post 6.71 earnings per share for the current fiscal year.

Digital Realty Trust Dividend Announcement

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. The ex-dividend date of this dividend is Friday, December 13th. This represents a $4.88 annualized dividend and a yield of 2.62%. Digital Realty Trust’s dividend payout ratio is 410.08%.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the stock. Stifel Nicolaus restated a “buy” rating and set a $195.00 price target (up previously from $185.00) on shares of Digital Realty Trust in a research note on Friday, October 25th. Barclays boosted their target price on Digital Realty Trust from $135.00 to $142.00 and gave the stock an “underweight” rating in a report on Monday. TD Cowen boosted their price objective 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. Wells Fargo & Company boosted their target price on shares of Digital Realty Trust from $175.00 to $185.00 and gave the stock an “overweight” rating in a research report on Friday, October 25th. Finally, Hsbc Global Res raised Digital Realty Trust from a “moderate sell” rating to a “hold” rating in a research report on Friday, October 4th. Two equities 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 stock. According to MarketBeat, Digital Realty Trust has a consensus rating of “Hold” and an average target price of $169.84.

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.