MML Investors Services LLC Has $4.22 Million Stock Position in Digital Realty Trust, Inc. (NYSE:DLR)

MML Investors Services LLC lifted its position in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 33.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 26,046 shares of the real estate investment trust’s stock after purchasing an additional 6,465 shares during the quarter. MML Investors Services LLC’s holdings in Digital Realty Trust were worth $4,215,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Wealth Enhancement Advisory Services LLC raised its stake in shares of Digital Realty Trust by 15.7% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 14,976 shares of the real estate investment trust’s stock valued at $2,277,000 after buying an additional 2,027 shares in the last quarter. Envestnet Portfolio Solutions Inc. raised its position in Digital Realty Trust by 5.1% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 8,761 shares of the real estate investment trust’s stock worth $1,332,000 after purchasing an additional 429 shares in the last quarter. Assenagon Asset Management S.A. lifted its stake in Digital Realty Trust by 0.4% during the second quarter. Assenagon Asset Management S.A. now owns 27,794 shares of the real estate investment trust’s stock worth $4,226,000 after purchasing an additional 124 shares during the period. Blue Trust Inc. boosted its holdings in Digital Realty Trust by 1,172.1% during the second quarter. Blue Trust Inc. now owns 1,870 shares of the real estate investment trust’s stock valued at $269,000 after purchasing an additional 1,723 shares in the last quarter. Finally, Brookstone Capital Management grew its stake in shares of Digital Realty Trust by 440.3% in the 2nd quarter. Brookstone Capital Management now owns 15,441 shares of the real estate investment trust’s stock valued at $2,422,000 after purchasing an additional 12,583 shares during the period. 99.71% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts recently commented on DLR shares. HSBC raised Digital Realty Trust from a “reduce” rating to a “hold” rating and boosted their price target for the company from $124.00 to $160.00 in a research note on Friday, October 4th. JPMorgan Chase & Co. boosted their target price on shares of Digital Realty Trust from $180.00 to $185.00 and gave the company an “overweight” rating in a research note on Friday, October 25th. Hsbc Global Res upgraded shares of Digital Realty Trust from a “moderate sell” rating to a “hold” rating in a research report on Friday, October 4th. Jefferies Financial Group boosted their price target on shares of Digital Realty Trust from $190.00 to $205.00 and gave the company a “buy” rating in a research report on Friday, October 25th. Finally, Raymond James raised their price objective on shares of Digital Realty Trust from $170.00 to $190.00 and gave the stock a “strong-buy” rating in a report on Friday, October 25th. Two equities research 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. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $171.68.

Insiders Place Their Bets

In other news, CFO Matt Mercier sold 2,518 shares of the firm’s stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $187.40, for a total value of $471,873.20. The transaction was disclosed in a document filed with the SEC, which is available through this link. Company insiders own 0.17% of the company’s stock.

Digital Realty Trust Trading Down 0.5 %

DLR stock opened at $185.04 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 twelve month low of $130.00 and a twelve month high of $198.00. The company has a market cap of $61.38 billion, a P/E ratio of 155.50, a PEG ratio of 4.97 and a beta of 0.62. The business has a fifty day moving average of $178.86 and a 200-day moving average of $161.33.

Digital Realty Trust (NYSE:DLR) last announced its quarterly earnings data 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 firm had revenue of $1.43 billion for the quarter, compared to the consensus estimate 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 prior year, the firm posted $1.62 earnings per share. As a group, equities research analysts expect that Digital Realty Trust, Inc. will post 6.71 EPS for the current year.

Digital Realty Trust Dividend Announcement

The firm also recently announced 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. This represents a $4.88 dividend on an annualized basis and a yield of 2.64%. The ex-dividend date is Friday, December 13th. Digital Realty Trust’s dividend payout ratio is presently 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.