Ferguson Wellman Capital Management Inc. Cuts Position in Digital Realty Trust, Inc. (NYSE:DLR)

Ferguson Wellman Capital Management Inc. cut its stake in Digital Realty Trust, Inc. (NYSE:DLR) by 17.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,936 shares of the real estate investment trust’s stock after selling 627 shares during the quarter. Ferguson Wellman Capital Management Inc.’s holdings in Digital Realty Trust were worth $475,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in DLR. Empowered Funds LLC increased its holdings in shares of Digital Realty Trust by 21.8% in the 1st quarter. Empowered Funds LLC now owns 4,607 shares of the real estate investment trust’s stock valued at $664,000 after acquiring an additional 826 shares during the period. ProShare Advisors LLC grew its stake in Digital Realty Trust by 2.1% during the 1st quarter. ProShare Advisors LLC now owns 52,521 shares of the real estate investment trust’s stock worth $7,565,000 after buying an additional 1,056 shares during the last quarter. Blair William & Co. IL grew its stake in Digital Realty Trust by 7.7% during the 1st quarter. Blair William & Co. IL now owns 21,221 shares of the real estate investment trust’s stock worth $3,057,000 after buying an additional 1,520 shares during the last quarter. 1ST Source Bank grew its stake in Digital Realty Trust by 3.1% during the 1st quarter. 1ST Source Bank now owns 5,048 shares of the real estate investment trust’s stock worth $727,000 after buying an additional 154 shares during the last quarter. Finally, Centersquare Investment Management LLC grew its stake in Digital Realty Trust by 1.3% during the 1st quarter. Centersquare Investment Management LLC now owns 2,600,217 shares of the real estate investment trust’s stock worth $360,858,000 after buying an additional 34,516 shares during the last quarter. 99.71% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts recently weighed in on the company. Truist Financial boosted their target price on Digital Realty Trust from $168.00 to $202.00 and gave the stock a “buy” rating in a research note on Tuesday. TD Cowen boosted their target price on Digital Realty Trust from $120.00 to $128.00 and gave the stock a “hold” rating in a research note on Friday, October 25th. Royal Bank of Canada boosted their target price on Digital Realty Trust from $177.00 to $207.00 and gave the stock an “outperform” rating in a research note on Monday, October 28th. Stifel Nicolaus restated a “buy” rating and set a $195.00 target price (up from $185.00) on shares of Digital Realty Trust in a research note on Friday, October 25th. Finally, JPMorgan Chase & Co. boosted their price target on Digital Realty Trust from $180.00 to $185.00 and gave the company an “overweight” rating in a research note on Friday, October 25th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $169.47.

Digital Realty Trust Stock Performance

Shares of DLR stock opened at $178.17 on Friday. The stock has a market cap of $59.10 billion, a PE ratio of 149.72, a price-to-earnings-growth ratio of 4.73 and a beta of 0.59. Digital Realty Trust, Inc. has a 52-week low of $130.00 and a 52-week high of $193.88. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 0.81. The business has a 50-day simple moving average of $165.37 and a 200-day simple moving average of $154.35.

Digital Realty Trust (NYSE:DLR) last released 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 business had revenue of $1.43 billion during 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 business’s revenue for the quarter was up 2.1% compared to the same quarter last year. During the same period in the previous year, the company posted $1.62 EPS. On average, equities analysts expect that Digital Realty Trust, Inc. will post 6.71 EPS 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 issued a $1.22 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a $4.88 dividend on an annualized basis and a yield of 2.74%. Digital Realty Trust’s payout ratio is 410.08%.

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.