Digital Realty Trust, Inc. (NYSE:DLR) Shares Sold by Tidal Investments LLC

Tidal Investments LLC cut its holdings in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 9.9% during the third quarter, HoldingsChannel.com reports. The fund owned 6,692 shares of the real estate investment trust’s stock after selling 733 shares during the period. Tidal Investments LLC’s holdings in Digital Realty Trust were worth $1,083,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of DLR. Clear Creek Financial Management LLC boosted its holdings in shares of Digital Realty Trust by 1.6% during the 3rd quarter. Clear Creek Financial Management LLC now owns 3,836 shares of the real estate investment trust’s stock worth $621,000 after purchasing an additional 59 shares during the last quarter. OneDigital Investment Advisors LLC boosted its stake in Digital Realty Trust by 3.2% during the third quarter. OneDigital Investment Advisors LLC now owns 1,886 shares of the real estate investment trust’s stock worth $305,000 after buying an additional 59 shares during the last quarter. Trueblood Wealth Management LLC grew its holdings in Digital Realty Trust by 3.1% in the 3rd quarter. Trueblood Wealth Management LLC now owns 2,061 shares of the real estate investment trust’s stock valued at $334,000 after buying an additional 61 shares in the last quarter. GHP Investment Advisors Inc. increased its stake in shares of Digital Realty Trust by 14.3% in the 3rd quarter. GHP Investment Advisors Inc. now owns 527 shares of the real estate investment trust’s stock worth $85,000 after acquiring an additional 66 shares during the last quarter. Finally, TD Private Client Wealth LLC raised its holdings in shares of Digital Realty Trust by 6.6% during the 3rd quarter. TD Private Client Wealth LLC now owns 1,087 shares of the real estate investment trust’s stock worth $176,000 after acquiring an additional 67 shares during the period. Hedge funds and other institutional investors own 99.71% of the company’s stock.

Digital Realty Trust Stock Down 0.1 %

Digital Realty Trust stock opened at $176.81 on Friday. The firm has a market capitalization of $58.65 billion, a P/E ratio of 148.58, a P/E/G ratio of 4.97 and a beta of 0.62. The company has a current ratio of 1.61, a quick ratio of 1.61 and a debt-to-equity ratio of 0.81. Digital Realty Trust, Inc. has a twelve month low of $130.00 and a twelve month high of $198.00. The stock’s fifty day simple moving average is $180.68 and its 200-day simple moving average is $162.37.

Digital Realty Trust (NYSE:DLR) last issued its quarterly earnings results on Thursday, October 24th. The real estate investment trust reported $0.09 earnings per share for the quarter, missing the consensus estimate 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 return on equity of 2.24% and a net margin of 8.04%. Digital Realty Trust’s revenue for the quarter was up 2.1% compared to the same quarter last year. During the same quarter last year, the company earned $1.62 EPS. As a group, equities analysts expect that Digital Realty Trust, Inc. will post 6.71 earnings per share for the current fiscal year.

Digital Realty Trust Dividend Announcement

The company 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 dividend on an annualized basis and a yield of 2.76%. Digital Realty Trust’s dividend payout ratio is currently 410.08%.

Insiders Place Their Bets

In other Digital Realty Trust news, CFO Matt Mercier sold 2,518 shares of Digital Realty Trust stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $187.40, for a total transaction of $471,873.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.17% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research firms recently issued reports on DLR. Wells Fargo & Company raised their price objective on shares of Digital Realty Trust from $185.00 to $210.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 10th. Evercore ISI raised their price target on shares of Digital Realty Trust from $160.00 to $175.00 and gave the stock an “outperform” rating in a report on Wednesday, October 23rd. Jefferies Financial Group upped their price objective on Digital Realty Trust from $190.00 to $205.00 and gave the company a “buy” rating in a report on Friday, October 25th. JPMorgan Chase & Co. raised their target price on Digital Realty Trust from $180.00 to $185.00 and gave the stock an “overweight” rating in a research note on Friday, October 25th. Finally, HSBC raised Digital Realty Trust from a “reduce” rating to a “hold” rating and upped their price target for the company from $124.00 to $160.00 in a research note on Friday, October 4th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $171.68.

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.