Washington Trust Bank Sells 699 Shares of Digital Realty Trust, Inc. (NYSE:DLR)

Washington Trust Bank decreased its holdings in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 1.7% during the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 41,202 shares of the real estate investment trust’s stock after selling 699 shares during the quarter. Washington Trust Bank’s holdings in Digital Realty Trust were worth $6,668,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of DLR. Pathway Financial Advisers LLC lifted its holdings in Digital Realty Trust by 15,301.1% during the third quarter. Pathway Financial Advisers LLC now owns 1,850,292 shares of the real estate investment trust’s stock worth $299,433,000 after buying an additional 1,838,278 shares during the period. Massachusetts Financial Services Co. MA lifted its holdings in Digital Realty Trust by 543.6% during the second quarter. Massachusetts Financial Services Co. MA now owns 1,447,340 shares of the real estate investment trust’s stock worth $220,068,000 after buying an additional 1,773,591 shares during the period. Vanguard Group Inc. lifted its holdings in Digital Realty Trust by 2.0% during the first quarter. Vanguard Group Inc. now owns 48,503,593 shares of the real estate investment trust’s stock worth $6,986,458,000 after buying an additional 951,567 shares during the period. Wulff Hansen & CO. lifted its holdings in Digital Realty Trust by 15,105.0% during the second quarter. Wulff Hansen & CO. now owns 795,830 shares of the real estate investment trust’s stock worth $121,006,000 after buying an additional 790,596 shares during the period. Finally, Electron Capital Partners LLC lifted its holdings in Digital Realty Trust by 220.7% during the second quarter. Electron Capital Partners LLC now owns 1,041,594 shares of the real estate investment trust’s stock worth $158,374,000 after buying an additional 716,816 shares during the period. Institutional investors own 99.71% of the company’s stock.

Digital Realty Trust Stock Performance

Shares of NYSE DLR traded up $0.64 during trading on Thursday, reaching $174.26. 259,148 shares of the company traded hands, compared to its average volume of 1,838,373. The firm’s fifty day simple moving average is $162.36 and its 200 day simple moving average is $152.93. The stock has a market cap of $57.80 billion, a P/E ratio of 145.90, a PEG ratio of 5.70 and a beta of 0.59. Digital Realty Trust, Inc. has a 12-month low of $126.22 and a 12-month high of $193.88. The company has a current ratio of 1.61, a quick ratio of 1.78 and a debt-to-equity ratio of 0.81.

Digital Realty Trust (NYSE:DLR) last released its quarterly earnings data 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 company 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% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.62 EPS. As a group, research analysts anticipate that Digital Realty Trust, Inc. will post 6.7 earnings per share for the current fiscal year.

Digital Realty Trust Dividend Announcement

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 $1.22 dividend. The ex-dividend date is Friday, December 13th. This represents a $4.88 annualized dividend and a dividend yield of 2.80%. Digital Realty Trust’s dividend payout ratio is presently 410.08%.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on DLR. Jefferies Financial Group upped their target price on Digital Realty Trust from $190.00 to $205.00 and gave the stock a “buy” rating in a report on Friday, October 25th. Raymond James upped their target price on Digital Realty Trust from $170.00 to $190.00 and gave the stock a “strong-buy” rating in a report on Friday, October 25th. Mizuho initiated coverage on Digital Realty Trust in a research report on Thursday, July 11th. They issued an “outperform” rating and a $170.00 price objective for the company. Royal Bank of Canada raised their price objective on Digital Realty Trust from $177.00 to $207.00 and gave the stock an “outperform” rating in a research report on Monday, October 28th. Finally, Truist Financial raised their price objective on Digital Realty Trust from $160.00 to $168.00 and gave the stock a “buy” rating in a research report on Tuesday, August 13th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Digital Realty Trust has an average rating of “Hold” and a consensus target price of $167.68.

Digital Realty Trust 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.