Flputnam Investment Management Co. Reduces Holdings in Digital Realty Trust, Inc. (NYSE:DLR)

Flputnam Investment Management Co. lowered its stake in Digital Realty Trust, Inc. (NYSE:DLR) by 12.1% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 1,692 shares of the real estate investment trust’s stock after selling 233 shares during the period. Flputnam Investment Management Co.’s holdings in Digital Realty Trust were worth $300,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the stock. Daiwa Securities Group Inc. lifted its position in shares of Digital Realty Trust by 2.5% in the third quarter. Daiwa Securities Group Inc. now owns 4,843,432 shares of the real estate investment trust’s stock valued at $783,812,000 after acquiring an additional 117,461 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Digital Realty Trust by 501.7% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,326,914 shares of the real estate investment trust’s stock valued at $700,224,000 after purchasing an additional 3,607,802 shares during the last quarter. Principal Financial Group Inc. lifted its holdings in Digital Realty Trust by 2.0% in the 4th quarter. Principal Financial Group Inc. now owns 3,950,237 shares of the real estate investment trust’s stock valued at $700,486,000 after purchasing an additional 79,322 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. boosted its stake in shares of Digital Realty Trust by 2.6% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,615,123 shares of the real estate investment trust’s stock worth $261,375,000 after purchasing an additional 40,491 shares during the last quarter. Finally, Duff & Phelps Investment Management Co. grew its holdings in shares of Digital Realty Trust by 16.5% during the third quarter. Duff & Phelps Investment Management Co. now owns 1,285,883 shares of the real estate investment trust’s stock worth $208,094,000 after buying an additional 181,868 shares in the last quarter. Institutional investors and hedge funds own 99.71% of the company’s stock.

Insider Buying and Selling at Digital Realty Trust

In other news, CFO Matt Mercier sold 2,518 shares of the business’s stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $187.40, for a total transaction of $471,873.20. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.17% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on DLR. Scotiabank upgraded shares of Digital Realty Trust from a “sector perform” rating to a “sector outperform” rating and set a $208.00 target price on the stock in a research report on Tuesday, February 18th. JPMorgan Chase & Co. raised their price objective on Digital Realty Trust from $185.00 to $190.00 and gave the stock an “overweight” rating in a report on Friday, February 14th. Barclays lifted their price objective on Digital Realty Trust from $135.00 to $142.00 and gave the company an “underweight” rating in a research report on Monday, November 18th. Deutsche Bank Aktiengesellschaft upgraded Digital Realty Trust from a “hold” rating to a “buy” rating and increased their target price for the stock from $185.00 to $194.00 in a research report on Wednesday, January 15th. Finally, Stifel Nicolaus lifted their price target on Digital Realty Trust from $195.00 to $205.00 and gave the company a “buy” rating in a report on Thursday, November 21st. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating, fourteen have given a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $181.00.

Digital Realty Trust Stock Performance

Shares of DLR stock opened at $155.15 on Tuesday. The company has a current ratio of 2.07, a quick ratio of 1.61 and a debt-to-equity ratio of 0.80. The company has a market cap of $52.23 billion, a PE ratio of 95.77, a P/E/G ratio of 4.38 and a beta of 0.63. The company’s fifty day simple moving average is $170.79 and its 200-day simple moving average is $170.06. Digital Realty Trust, Inc. has a 52 week low of $135.54 and a 52 week high of $198.00.

Digital Realty Trust (NYSE:DLR) last released its quarterly earnings data on Thursday, February 13th. The real estate investment trust reported $1.73 EPS for the quarter, beating the consensus estimate of $0.27 by $1.46. Digital Realty Trust had a return on equity of 2.97% and a net margin of 10.85%. As a group, equities research analysts anticipate that Digital Realty Trust, Inc. will post 7.07 EPS for the current year.

Digital Realty Trust Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be issued a $1.22 dividend. This represents a $4.88 dividend on an annualized basis and a yield of 3.15%. The ex-dividend date of this dividend is Friday, March 14th. Digital Realty Trust’s dividend payout ratio is presently 301.23%.

About Digital Realty Trust

Digital Realty Trust, Inc operates as a real estate investment trust, which engages in the provision of data center, colocation and interconnection solutions. It serves the following industries: artificial intelligence (AI), networks, cloud, digital media, mobile, financial services, healthcare, and gaming.