Pendal Group Ltd trimmed its stake in shares of Digital Realty Trust, Inc. (NYSE:DLR – Get Rating) by 40.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 13,809 shares of the real estate investment trust’s stock after selling 9,419 shares during the quarter. Pendal Group Ltd’s holdings in Digital Realty Trust were worth $1,385,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors also recently added to or reduced their stakes in the company. Czech National Bank acquired a new stake in Digital Realty Trust during the third quarter valued at approximately $3,311,000. Neuberger Berman Group LLC boosted its holdings in Digital Realty Trust by 17.1% during the third quarter. Neuberger Berman Group LLC now owns 758,245 shares of the real estate investment trust’s stock valued at $75,179,000 after purchasing an additional 110,729 shares in the last quarter. Envestnet Asset Management Inc. boosted its holdings in Digital Realty Trust by 9.7% during the third quarter. Envestnet Asset Management Inc. now owns 579,190 shares of the real estate investment trust’s stock valued at $57,444,000 after purchasing an additional 51,161 shares in the last quarter. Green Alpha Advisors LLC boosted its holdings in Digital Realty Trust by 23.6% during the fourth quarter. Green Alpha Advisors LLC now owns 12,019 shares of the real estate investment trust’s stock valued at $1,205,000 after purchasing an additional 2,297 shares in the last quarter. Finally, Macquarie Group Ltd. boosted its holdings in Digital Realty Trust by 5.5% during the third quarter. Macquarie Group Ltd. now owns 980,215 shares of the real estate investment trust’s stock valued at $97,552,000 after purchasing an additional 51,345 shares in the last quarter. 95.00% of the stock is owned by institutional investors and hedge funds.
Insider Buying and Selling
In related news, EVP Dyer Corey sold 4,401 shares of the company’s stock in a transaction on Friday, March 10th. The shares were sold at an average price of $104.19, for a total value of $458,540.19. Following the completion of the transaction, 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 document filed with the SEC, which is available through the SEC website. In related news, EVP Jeannie Lee sold 1,000 shares of the company’s stock in a transaction on Wednesday, February 1st. The shares were sold at an average price of $115.00, for a total value of $115,000.00. Following the completion of the transaction, the executive vice president now directly owns 10,975 shares of the company’s stock, valued at approximately $1,262,125. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, 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 transaction, the executive vice president now owns 30,026 shares of the company’s stock, valued at $3,128,408.94. The disclosure for this sale can be found here. Company insiders own 0.41% of the company’s stock.
Digital Realty Trust Price Performance
Digital Realty Trust (NYSE:DLR – Get Rating) last announced its quarterly 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 last year, the firm earned $1.67 EPS. Digital Realty Trust’s quarterly revenue was up 11.0% on a year-over-year basis. On average, equities research analysts forecast that Digital Realty Trust, Inc. will post 6.66 earnings per share for the current year.
Digital Realty Trust Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Friday, March 31st. Stockholders of record on Wednesday, March 15th will be issued a $1.22 dividend. This represents a $4.88 annualized dividend and a dividend yield of 5.34%. The ex-dividend date is Tuesday, March 14th. Digital Realty Trust’s dividend payout ratio (DPR) is 428.07%.
Analysts Set New Price Targets
DLR has been the topic of several recent analyst reports. Exane BNP Paribas initiated coverage on Digital Realty Trust in a report on Wednesday, December 14th. They issued a “neutral” rating and a $128.00 target price on the stock. Citigroup boosted their price objective on shares of Digital Realty Trust from $119.00 to $120.00 and gave the stock a “buy” rating in a research report on Monday, March 6th. BMO Capital Markets cut shares of Digital Realty Trust from an “outperform” rating to a “market perform” rating and dropped their price objective for the stock from $121.00 to $100.00 in a research report on Monday. Wells Fargo & Company cut shares of Digital Realty Trust from an “overweight” rating to an “equal weight” rating and dropped their price objective for the stock from $120.00 to $115.00 in a research report on Wednesday, December 14th. Finally, Credit Suisse Group dropped their price objective on shares of Digital Realty Trust from $81.00 to $80.00 and set an “underperform” rating for the company in a research report on Friday, February 17th. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Digital Realty Trust has an average rating of “Hold” and an average target price of $121.86.
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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