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

Waterfront Capital Partners LLC lowered its holdings in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 44.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 222,242 shares of the real estate investment trust’s stock after selling 181,117 shares during the period. Digital Realty Trust comprises 4.9% of Waterfront Capital Partners LLC’s portfolio, making the stock its 3rd largest holding. Waterfront Capital Partners LLC owned approximately 0.07% of Digital Realty Trust worth $35,965,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of DLR. Lazard Asset Management LLC raised its position in shares of Digital Realty Trust by 7.9% in the first quarter. Lazard Asset Management LLC now owns 4,108 shares of the real estate investment trust’s stock valued at $591,000 after buying an additional 300 shares during the last quarter. Janus Henderson Group PLC raised its position in shares of Digital Realty Trust by 2.3% in the first quarter. Janus Henderson Group PLC now owns 95,626 shares of the real estate investment trust’s stock valued at $13,766,000 after buying an additional 2,190 shares during the last quarter. B. Riley Wealth Advisors Inc. increased its position in Digital Realty Trust by 3.0% during the first quarter. B. Riley Wealth Advisors Inc. now owns 3,660 shares of the real estate investment trust’s stock worth $527,000 after purchasing an additional 105 shares during the last quarter. Tidal Investments LLC increased its position in Digital Realty Trust by 101.5% during the first quarter. Tidal Investments LLC now owns 17,338 shares of the real estate investment trust’s stock worth $2,497,000 after purchasing an additional 8,734 shares during the last quarter. Finally, Swedbank AB acquired a new position in Digital Realty Trust during the first quarter worth approximately $19,472,000. Institutional investors and hedge funds own 99.71% of the company’s stock.

Digital Realty Trust Stock Up 0.6 %

DLR stock opened at $195.28 on Friday. 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 fifty-two week low of $130.00 and a fifty-two week high of $195.93. The firm’s 50-day simple moving average is $172.40 and its 200 day simple moving average is $157.79. The stock has a market cap of $64.78 billion, a PE ratio of 164.10, a price-to-earnings-growth ratio of 5.18 and a beta of 0.59.

Digital Realty Trust (NYSE:DLR) last announced its 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). The company had revenue of $1.43 billion during the quarter, compared to the consensus estimate 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 prior year, the company earned $1.62 EPS. As a group, sell-side analysts predict that Digital Realty Trust, Inc. will post 6.71 EPS for the current year.

Digital Realty Trust Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Investors of record on Friday, December 13th will be given 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 2.50%. Digital Realty Trust’s dividend payout ratio is presently 410.08%.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on DLR shares. Truist Financial upped their price target on shares of Digital Realty Trust from $168.00 to $202.00 and gave the stock a “buy” rating in a research report on Tuesday, November 12th. Stifel Nicolaus upped their price target on shares of Digital Realty Trust from $195.00 to $205.00 and gave the stock a “buy” rating in a research report on Thursday, November 21st. TD Cowen upped their price target on shares of Digital Realty Trust from $120.00 to $128.00 and gave the stock a “hold” rating in a research report on Friday, October 25th. Scotiabank boosted their price objective on shares of Digital Realty Trust from $157.00 to $178.00 and gave the stock a “sector perform” rating in a research note on Friday, October 25th. Finally, Royal Bank of Canada boosted their price objective on shares of Digital Realty Trust from $177.00 to $207.00 and gave the stock an “outperform” rating in a research note on Monday, October 28th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $170.37.

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.