Digital Realty Trust, Inc. (NYSE:DLR) Shares Sold by Waterfront Capital Partners LLC

Waterfront Capital Partners LLC trimmed its position in Digital Realty Trust, Inc. (NYSE:DLR) by 44.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 222,242 shares of the real estate investment trust’s stock after selling 181,117 shares during the quarter. Digital Realty Trust makes up approximately 4.9% of Waterfront Capital Partners LLC’s portfolio, making the stock its 3rd largest position. Waterfront Capital Partners LLC’s holdings in Digital Realty Trust were worth $35,965,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in DLR. Meeder Asset Management Inc. acquired a new stake in shares of Digital Realty Trust during the 2nd quarter valued at $25,000. Gradient Investments LLC increased its stake in shares of Digital Realty Trust by 75.2% during the 2nd quarter. Gradient Investments LLC now owns 177 shares of the real estate investment trust’s stock worth $27,000 after purchasing an additional 76 shares during the last quarter. American Capital Advisory LLC bought a new position in shares of Digital Realty Trust during the 2nd quarter valued at $27,000. Private Ocean LLC acquired a new stake in shares of Digital Realty Trust in the 2nd quarter valued at $27,000. Finally, Asset Dedication LLC acquired a new stake in shares of Digital Realty Trust in the 2nd quarter valued at $31,000. 99.71% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on DLR. Raymond James boosted their price target on Digital Realty Trust from $170.00 to $190.00 and gave the stock a “strong-buy” rating in a research report on Friday, October 25th. TD Cowen upped their target price on Digital Realty Trust from $120.00 to $128.00 and gave the stock a “hold” rating in a research report on Friday, October 25th. Evercore ISI lifted their price target on shares of Digital Realty Trust from $160.00 to $175.00 and gave the company an “outperform” rating in a research report on Wednesday, October 23rd. JPMorgan Chase & Co. lifted their price target on shares of Digital Realty Trust from $180.00 to $185.00 and gave the company an “overweight” rating in a research report on Friday, October 25th. Finally, Hsbc Global Res raised shares of Digital Realty Trust from a “moderate sell” rating to a “hold” rating in a research report on Friday, October 4th. 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 issued a strong buy rating to the company. According to data from MarketBeat, Digital Realty Trust has a consensus rating of “Hold” and a consensus price target of $170.37.

Digital Realty Trust Stock Performance

Digital Realty Trust stock opened at $195.28 on Friday. The stock has a 50-day simple moving average of $172.40 and a 200 day simple moving average of $157.79. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 0.81. Digital Realty Trust, Inc. has a 12-month low of $130.00 and a 12-month high of $195.93. The stock has a market capitalization of $64.78 billion, a price-to-earnings ratio of 164.10, a P/E/G ratio of 5.18 and a beta of 0.59.

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 (EPS) for the quarter, missing analysts’ consensus estimates of $1.67 by ($1.58). Digital Realty Trust had a net margin of 8.04% and a return on equity of 2.24%. The business had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.43 billion. During the same period in the prior year, the firm earned $1.62 earnings per share. The business’s quarterly revenue was up 2.1% compared to the same quarter last year. On average, research analysts anticipate that Digital Realty Trust, Inc. will post 6.71 earnings per share for the current fiscal year.

Digital Realty Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 17th. Shareholders of record on Friday, December 13th will be issued a dividend of $1.22 per share. The ex-dividend date of this dividend is Friday, December 13th. This represents a $4.88 annualized dividend and a yield of 2.50%. Digital Realty Trust’s dividend payout ratio is currently 410.08%.

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.