Bank of New York Mellon Corp decreased its position in Digital Realty Trust, Inc. (NYSE:DLR – Get Rating) by 1.8% in the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,491,858 shares of the real estate investment trust’s stock after selling 44,996 shares during the period. Bank of New York Mellon Corp owned 0.87% of Digital Realty Trust worth $247,143,000 at the end of the most recent quarter.
Other large investors have also recently modified their holdings of the company. Neo Ivy Capital Management boosted its holdings in shares of Digital Realty Trust by 116.4% in the third quarter. Neo Ivy Capital Management now owns 264 shares of the real estate investment trust’s stock valued at $26,000 after purchasing an additional 142 shares during the period. Guardian Wealth Advisors LLC purchased a new stake in Digital Realty Trust during the third quarter worth $27,000. CI Investments Inc. lifted its holdings in Digital Realty Trust by 980.0% during the third quarter. CI Investments Inc. now owns 378 shares of the real estate investment trust’s stock worth $37,000 after buying an additional 343 shares during the period. HHM Wealth Advisors LLC lifted its holdings in Digital Realty Trust by 60.9% during the third quarter. HHM Wealth Advisors LLC now owns 436 shares of the real estate investment trust’s stock worth $43,000 after buying an additional 165 shares during the period. Finally, GHP Investment Advisors Inc. lifted its holdings in Digital Realty Trust by 29.8% during the third quarter. GHP Investment Advisors Inc. now owns 475 shares of the real estate investment trust’s stock worth $47,000 after buying an additional 109 shares during the period. Hedge funds and other institutional investors own 95.00% of the company’s stock.
Insiders Place Their Bets
In other Digital Realty Trust news, EVP Dyer Corey sold 4,401 shares of the stock in a transaction dated Friday, March 10th. The stock was sold at an average price of $104.19, for a total transaction of $458,540.19. Following the sale, the executive vice president now directly owns 30,026 shares of the company’s stock, valued at approximately $3,128,408.94. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Digital Realty Trust news, EVP Dyer Corey sold 4,401 shares of the stock in a transaction dated Friday, March 10th. The stock was sold at an average price of $104.19, for a total transaction of $458,540.19. Following the sale, the executive vice president now directly owns 30,026 shares of the company’s stock, valued at approximately $3,128,408.94. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Jeannie Lee sold 1,000 shares of the firm’s stock in a transaction dated Wednesday, February 1st. The shares were sold at an average price of $115.00, for a total value of $115,000.00. Following the sale, the executive vice president now owns 10,975 shares in the company, valued at $1,262,125. The disclosure for this sale can be found here. 0.41% of the stock is owned by insiders.
Digital Realty Trust Price Performance
Digital Realty Trust (NYSE:DLR – Get Rating) last released its earnings results on Thursday, February 16th. The real estate investment trust reported ($0.02) earnings per share (EPS) for the quarter, missing the consensus estimate of $1.68 by ($1.70). Digital Realty Trust had a net margin of 8.05% and a return on equity of 2.46%. The firm had revenue of $1.23 billion during the quarter, compared to analyst estimates of $1.21 billion. During the same period in the previous year, the company earned $1.67 earnings per share. Digital Realty Trust’s revenue was up 11.0% on a year-over-year basis. As a group, equities research analysts forecast that Digital Realty Trust, Inc. will post 6.67 earnings per share for the current year.
Digital Realty Trust Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Friday, March 31st. Shareholders of record on Wednesday, March 15th will be given a dividend of $1.22 per share. This represents a $4.88 annualized dividend and a yield of 4.73%. The ex-dividend date is Tuesday, March 14th. Digital Realty Trust’s dividend payout ratio is currently 428.07%.
Wall Street Analysts Forecast Growth
DLR has been the subject of a number of analyst reports. Barclays lowered their target price on Digital Realty Trust from $88.00 to $81.00 and set an “underweight” rating for the company in a report on Monday, December 19th. StockNews.com initiated coverage on Digital Realty Trust in a report on Thursday. They set a “sell” rating for the company. Raymond James lowered their target price on Digital Realty Trust from $165.00 to $155.00 and set a “strong-buy” rating for the company in a report on Wednesday, February 8th. BNP Paribas began coverage on Digital Realty Trust in a report on Wednesday, December 14th. They set a “neutral” rating and a $128.00 price objective for the company. Finally, Citigroup increased their price objective on Digital Realty Trust from $119.00 to $120.00 and gave the company a “buy” rating in a report on Monday, March 6th. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating, five have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Digital Realty Trust currently has a consensus rating of “Hold” and an average target price of $123.54.
Digital Realty Trust Company Profile
Digital Realty Trust, Inc operates as a real estate investment trust, which engages in the provision of data center, colocation and interconnection solutions. It serves the following industries: artificial intelligence (AI), networks, cloud, digital media, mobile, financial services, healthcare, and gaming.
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