Mizuho Securities USA LLC Sells 5,059 Shares of Digital Realty Trust, Inc. (NYSE:DLR)

Mizuho Securities USA LLC lowered its stake in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 20.2% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 19,957 shares of the real estate investment trust’s stock after selling 5,059 shares during the quarter. Mizuho Securities USA LLC’s holdings in Digital Realty Trust were worth $3,230,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the stock. Meeder Asset Management Inc. purchased a new stake in shares of Digital Realty Trust in the second quarter valued at $25,000. Gradient Investments LLC raised its position in Digital Realty Trust by 75.2% in 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 period. American Capital Advisory LLC bought a new stake in Digital Realty Trust in the second quarter worth about $27,000. Private Ocean LLC bought a new position in shares of Digital Realty Trust during the second quarter valued at approximately $27,000. Finally, Asset Dedication LLC purchased a new stake in shares of Digital Realty Trust in the second quarter worth approximately $31,000. 99.71% of the stock is currently owned by institutional investors.

Digital Realty Trust Stock Performance

Shares of DLR opened at $189.86 on Friday. The company has a current ratio of 1.61, a quick ratio of 1.61 and a debt-to-equity ratio of 0.81. The firm has a market cap of $62.98 billion, a PE ratio of 159.55, a P/E/G ratio of 4.97 and a beta of 0.59. Digital Realty Trust, Inc. has a 12 month low of $130.00 and a 12 month high of $193.88. The stock has a fifty day moving average price of $169.56 and a 200-day moving average price of $156.35.

Digital Realty Trust (NYSE:DLR) last released its earnings results on Thursday, October 24th. The real estate investment trust reported $0.09 EPS for the quarter, missing analysts’ consensus estimates of $1.67 by ($1.58). Digital Realty Trust had a return on equity of 2.24% and a net margin of 8.04%. The company had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.43 billion. During the same quarter last year, the business earned $1.62 earnings per share. The firm’s revenue for the quarter was up 2.1% on a year-over-year basis. Equities research analysts predict 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. Shareholders of record on Friday, December 13th will be given a dividend of $1.22 per share. The ex-dividend date is Friday, December 13th. This represents a $4.88 dividend on an annualized basis and a yield of 2.57%. Digital Realty Trust’s dividend payout ratio is currently 410.08%.

Wall Street Analyst Weigh In

Several equities analysts have commented on DLR shares. Argus downgraded Digital Realty Trust from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Barclays raised their price target on shares of Digital Realty Trust from $135.00 to $142.00 and gave the stock an “underweight” rating in a research note on Monday, November 18th. Truist Financial boosted their price objective on shares of Digital Realty Trust from $168.00 to $202.00 and gave the company a “buy” rating in a research report on Tuesday, November 12th. Stifel Nicolaus lifted their price target on shares of Digital Realty Trust from $195.00 to $205.00 and gave the company a “buy” rating in a research note on Thursday. Finally, Raymond James boosted their price target on Digital Realty Trust from $170.00 to $190.00 and gave the company a “strong-buy” rating in a report on Friday, October 25th. Two analysts have rated the stock with a sell rating, nine have given a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Digital Realty Trust currently has a consensus rating of “Hold” and a consensus target price of $170.37.

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.