Brookfield Corp ON Sells 88,828 Shares of Digital Realty Trust, Inc. (NYSE:DLR)

Brookfield Corp ON trimmed its stake in Digital Realty Trust, Inc. (NYSE:DLR) by 38.5% in the third quarter, Holdings Channel reports. The firm owned 141,661 shares of the real estate investment trust’s stock after selling 88,828 shares during the quarter. Brookfield Corp ON’s holdings in Digital Realty Trust were worth $22,925,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. Daiwa Securities Group Inc. increased its holdings in Digital Realty Trust by 2.5% during the third quarter. Daiwa Securities Group Inc. now owns 4,843,432 shares of the real estate investment trust’s stock worth $783,812,000 after buying an additional 117,461 shares during the last quarter. Canada Pension Plan Investment Board boosted its position in Digital Realty Trust by 3.1% during the second quarter. Canada Pension Plan Investment Board now owns 4,826,432 shares of the real estate investment trust’s stock worth $733,859,000 after purchasing an additional 146,183 shares during the period. Legal & General Group Plc raised its position in shares of Digital Realty Trust by 2.8% in the second quarter. Legal & General Group Plc now owns 4,730,168 shares of the real estate investment trust’s stock valued at $719,222,000 after purchasing an additional 129,799 shares during the period. Dimensional Fund Advisors LP grew its stake in Digital Realty Trust by 5.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 4,541,327 shares of the real estate investment trust’s stock valued at $690,498,000 after buying an additional 228,585 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Digital Realty Trust by 501.7% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,326,914 shares of the real estate investment trust’s stock valued at $700,224,000 after acquiring an additional 3,607,802 shares during the period. Institutional investors and hedge funds own 99.71% of the company’s stock.

Digital Realty Trust Stock Performance

DLR stock opened at $192.63 on Friday. Digital Realty Trust, Inc. has a 1-year low of $130.00 and a 1-year high of $198.00. 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 stock has a 50-day moving average price of $175.48 and a 200-day moving average price of $159.47. The firm has a market cap of $63.90 billion, a PE ratio of 161.87, a price-to-earnings-growth ratio of 5.07 and a beta of 0.62.

Digital Realty Trust (NYSE:DLR) last posted its quarterly earnings results on Thursday, October 24th. The real estate investment trust reported $0.09 earnings per share for the quarter, missing analysts’ consensus estimates of $1.67 by ($1.58). The firm had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.43 billion. Digital Realty Trust had a return on equity of 2.24% and a net margin of 8.04%. The firm’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same period last year, the company posted $1.62 earnings per share. As a group, equities research analysts expect 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 announced a quarterly dividend, which will be paid on Friday, January 17th. Investors of record on Friday, December 13th will be issued a $1.22 dividend. The ex-dividend date is Friday, December 13th. This represents a $4.88 dividend on an annualized basis and a dividend yield of 2.53%. Digital Realty Trust’s dividend payout ratio is presently 410.08%.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. TD Cowen boosted their price target on Digital Realty Trust from $120.00 to $128.00 and gave the company a “hold” rating in a research note on Friday, October 25th. Hsbc Global Res raised shares of Digital Realty Trust from a “moderate sell” rating to a “hold” rating in a report on Friday, October 4th. Raymond James upped their price target on shares of Digital Realty Trust from $170.00 to $190.00 and gave the stock a “strong-buy” rating in a report on Friday, October 25th. Truist Financial lifted their price objective on shares of Digital Realty Trust from $168.00 to $202.00 and gave the company a “buy” rating in a research note on Tuesday, November 12th. Finally, Barclays raised their target price on Digital Realty Trust from $135.00 to $142.00 and gave the company an “underweight” rating in a report on Monday, November 18th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Digital Realty Trust has an average rating of “Moderate Buy” 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.