Mizuho Securities USA LLC Decreases Stake in Digital Realty Trust, Inc. (NYSE:DLR)

Mizuho Securities USA LLC trimmed its holdings in Digital Realty Trust, Inc. (NYSE:DLR) by 20.2% in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 19,957 shares of the real estate investment trust’s stock after selling 5,059 shares during the quarter. Mizuho Securities USA LLC’s holdings in Digital Realty Trust were worth $3,230,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Meeder Asset Management Inc. purchased a new position in shares of Digital Realty Trust during the second quarter valued at approximately $25,000. Gradient Investments LLC raised its stake in Digital Realty Trust by 75.2% during the 2nd quarter. Gradient Investments LLC now owns 177 shares of the real estate investment trust’s stock valued at $27,000 after buying an additional 76 shares during the last quarter. American Capital Advisory LLC bought a new position in shares of Digital Realty Trust during the 2nd quarter valued at $27,000. Private Ocean LLC purchased a new position in shares of Digital Realty Trust in the 2nd quarter worth $27,000. Finally, Asset Dedication LLC bought a new stake in shares of Digital Realty Trust in the second quarter worth $31,000. Hedge funds and other institutional investors own 99.71% of the company’s stock.

Digital Realty Trust Trading Up 1.3 %

Shares of Digital Realty Trust stock opened at $189.86 on Friday. Digital Realty Trust, Inc. has a twelve month low of $130.00 and a twelve month 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. The business has a 50-day moving average price of $169.56 and a 200-day moving average price of $156.35. The firm has a market cap of $62.98 billion, a price-to-earnings ratio of 159.55, a PEG ratio of 4.97 and a beta of 0.59.

Digital Realty Trust (NYSE:DLR) last released its quarterly earnings results on Thursday, October 24th. The real estate investment trust reported $0.09 earnings per share for the quarter, missing the consensus estimate of $1.67 by ($1.58). The firm 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%. The business’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.62 EPS. Equities research analysts anticipate that Digital Realty Trust, Inc. will post 6.71 EPS for the current fiscal year.

Digital Realty Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 17th. Shareholders of record on Friday, December 13th will be given 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 2.57%. Digital Realty Trust’s dividend payout ratio (DPR) is currently 410.08%.

Analyst Ratings Changes

A number of research analysts have weighed in on the company. Wells Fargo & Company increased their target price on Digital Realty Trust from $175.00 to $185.00 and gave the company an “overweight” rating in a report on Friday, October 25th. Evercore ISI increased their price objective on shares of Digital Realty Trust from $160.00 to $175.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 23rd. Raymond James boosted their target price on shares of Digital Realty Trust from $170.00 to $190.00 and gave the company a “strong-buy” rating in a research report on Friday, October 25th. Barclays increased their price target on shares of Digital Realty Trust from $135.00 to $142.00 and gave the stock an “underweight” rating in a research report on Monday, November 18th. Finally, Scotiabank lifted their price target on shares of Digital Realty Trust from $157.00 to $178.00 and gave the stock a “sector perform” rating in a research note on Friday, October 25th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $170.37.

Digital Realty Trust Company 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.