Heitman Real Estate Securities LLC Has $66.72 Million Position in Digital Realty Trust, Inc. (NYSE:DLR)

Heitman Real Estate Securities LLC lowered its stake in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 19.3% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 412,286 shares of the real estate investment trust’s stock after selling 98,632 shares during the quarter. Digital Realty Trust comprises 3.6% of Heitman Real Estate Securities LLC’s portfolio, making the stock its 8th largest position. Heitman Real Estate Securities LLC owned approximately 0.12% of Digital Realty Trust worth $66,720,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Meeder Asset Management Inc. bought a new position in Digital Realty Trust during the second quarter valued at $25,000. American Capital Advisory LLC purchased a new stake in shares of Digital Realty Trust during the second quarter worth $27,000. Private Ocean LLC purchased a new position in shares of Digital Realty Trust during the second quarter worth $27,000. Gradient Investments LLC increased its holdings in Digital Realty Trust by 75.2% in the second 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. Finally, Adirondack Trust Co. grew its holdings in shares of Digital Realty Trust by 68.6% during the third quarter. Adirondack Trust Co. now owns 199 shares of the real estate investment trust’s stock worth $32,000 after purchasing an additional 81 shares during the last quarter. Institutional investors own 99.71% of the company’s stock.

Digital Realty Trust Trading Down 1.8 %

Digital Realty Trust stock opened at $192.18 on Tuesday. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.61 and a current ratio of 1.61. The business’s 50-day simple moving average is $173.14 and its 200-day simple moving average is $158.36. The firm has a market capitalization of $63.75 billion, a PE ratio of 161.49, a PEG ratio of 5.19 and a beta of 0.62. Digital Realty Trust, Inc. has a 52 week low of $130.00 and a 52 week high of $198.00.

Digital Realty Trust (NYSE:DLR) last announced its quarterly earnings data 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). Digital Realty Trust had a net margin of 8.04% and a return on equity of 2.24%. 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 posted $1.62 EPS. Digital Realty Trust’s revenue for the quarter was up 2.1% on a year-over-year basis. Equities research analysts forecast that Digital Realty Trust, Inc. will post 6.71 earnings per share for the current year.

Digital Realty Trust Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 17th. Investors of record on Friday, December 13th will be paid a dividend of $1.22 per share. This represents a $4.88 dividend on an annualized basis and a yield of 2.54%. The ex-dividend date of this dividend is Friday, December 13th. Digital Realty Trust’s payout ratio is 410.08%.

Wall Street Analyst Weigh In

DLR has been the subject of several research reports. Scotiabank boosted their price objective on shares of Digital Realty Trust from $157.00 to $178.00 and gave the company a “sector perform” rating in a research note on Friday, October 25th. Raymond James lifted their target price on Digital Realty Trust from $170.00 to $190.00 and gave the company a “strong-buy” rating in a research note on Friday, October 25th. Truist Financial boosted their price target on Digital Realty Trust from $168.00 to $202.00 and gave the stock a “buy” rating in a research report on Tuesday, November 12th. Hsbc Global Res upgraded Digital Realty Trust from a “moderate sell” rating to a “hold” rating in a research report on Friday, October 4th. Finally, Barclays raised their target price on Digital Realty Trust from $135.00 to $142.00 and gave the stock an “underweight” rating in a research note on Monday, November 18th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $170.37.

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.