Edgewood Management LLC Decreases Stock Position in Digital Realty Trust, Inc. (NYSE:DLR)

Edgewood Management LLC lessened its stake in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 1.0% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 27,826 shares of the real estate investment trust’s stock after selling 275 shares during the period. Edgewood Management LLC’s holdings in Digital Realty Trust were worth $4,503,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of DLR. Pathway Financial Advisers LLC grew its position in Digital Realty Trust by 15,301.1% in the 3rd quarter. Pathway Financial Advisers LLC now owns 1,850,292 shares of the real estate investment trust’s stock valued at $299,433,000 after acquiring an additional 1,838,278 shares during the last quarter. Massachusetts Financial Services Co. MA grew its position in shares of Digital Realty Trust by 543.6% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 1,447,340 shares of the real estate investment trust’s stock worth $220,068,000 after buying an additional 1,773,591 shares in the last quarter. Wulff Hansen & CO. grew its position in shares of Digital Realty Trust by 15,105.0% during the 2nd quarter. Wulff Hansen & CO. now owns 795,830 shares of the real estate investment trust’s stock worth $121,006,000 after buying an additional 790,596 shares in the last quarter. Electron Capital Partners LLC grew its position in shares of Digital Realty Trust by 220.7% during the 2nd quarter. Electron Capital Partners LLC now owns 1,041,594 shares of the real estate investment trust’s stock worth $158,374,000 after buying an additional 716,816 shares in the last quarter. Finally, Daiwa Securities Group Inc. grew its position in shares of Digital Realty Trust by 16.8% during the 2nd quarter. Daiwa Securities Group Inc. now owns 4,725,971 shares of the real estate investment trust’s stock worth $718,584,000 after buying an additional 678,165 shares in the last quarter. Institutional investors own 99.71% of the company’s stock.

Digital Realty Trust Stock Up 0.8 %

Shares of DLR stock opened at $187.49 on Friday. The stock has a 50 day moving average of $168.94 and a 200 day moving average of $156.03. 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 stock has a market cap of $62.19 billion, a P/E ratio of 157.55, a P/E/G ratio of 4.97 and a beta of 0.59. Digital Realty Trust, Inc. has a twelve month low of $130.00 and a twelve month high of $193.88.

Digital Realty Trust (NYSE:DLR) last announced 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 net margin of 8.04% and a return on equity of 2.24%. The firm’s revenue was up 2.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.62 earnings per share. As a group, sell-side analysts expect that Digital Realty Trust, Inc. will post 6.71 EPS for the current year.

Digital Realty Trust Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, January 17th. Investors of record on Friday, December 13th will be given a dividend of $1.22 per share. This represents a $4.88 annualized dividend and a yield of 2.60%. The ex-dividend date is Friday, December 13th. Digital Realty Trust’s dividend payout ratio is currently 410.08%.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. Royal Bank of Canada increased their price target on Digital Realty Trust from $177.00 to $207.00 and gave the stock an “outperform” rating in a research report on Monday, October 28th. Scotiabank raised their price objective on Digital Realty Trust from $157.00 to $178.00 and gave the company a “sector perform” rating in a research report on Friday, October 25th. Stifel Nicolaus raised their price objective on Digital Realty Trust from $195.00 to $205.00 and gave the company a “buy” rating in a research report on Thursday. Evercore ISI increased their price target on Digital Realty Trust from $160.00 to $175.00 and gave the company an “outperform” rating in a research note on Wednesday, October 23rd. Finally, Argus cut Digital Realty Trust from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Two research analysts have rated the stock with a sell rating, nine 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, the company currently has an average rating of “Hold” and an average target price of $170.37.

Digital Realty Trust 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.