BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp Sells 5,671 Shares of Digital Realty Trust, Inc. (NYSE:DLR)

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lessened its holdings in Digital Realty Trust, Inc. (NYSE:DLR) by 9.5% during the 3rd quarter, Holdings Channel.com reports. The firm owned 54,144 shares of the real estate investment trust’s stock after selling 5,671 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp’s holdings in Digital Realty Trust were worth $8,762,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in DLR. Meeder Asset Management Inc. purchased a new position in shares of Digital Realty Trust during the 2nd quarter worth $25,000. Gradient Investments LLC lifted its position in Digital Realty Trust by 75.2% during the second quarter. Gradient Investments LLC now owns 177 shares of the real estate investment trust’s stock valued at $27,000 after purchasing an additional 76 shares in the last quarter. American Capital Advisory LLC purchased a new stake in Digital Realty Trust in the second quarter worth about $27,000. Private Ocean LLC purchased a new stake in shares of Digital Realty Trust in the second quarter worth $27,000. Finally, Asset Dedication LLC bought a new stake in Digital Realty Trust during the 2nd quarter valued at approximately $31,000. Hedge funds and other institutional investors own 99.71% of the company’s stock.

Digital Realty Trust Stock Up 0.2 %

Shares of NYSE DLR opened at $195.69 on Monday. The firm has a market cap of $64.91 billion, a P/E ratio of 164.45, a price-to-earnings-growth ratio of 5.19 and a beta of 0.59. The firm’s 50 day moving average price is $173.14 and its 200 day moving average price is $158.36. Digital Realty Trust, Inc. has a 1 year low of $130.00 and a 1 year high of $198.00. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.61 and a current ratio of 1.61.

Digital Realty Trust (NYSE:DLR) last released its quarterly earnings data on Thursday, October 24th. The real estate investment trust reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.67 by ($1.58). The business had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.43 billion. Digital Realty Trust had a return on equity of 2.24% and a net margin of 8.04%. Digital Realty Trust’s revenue was up 2.1% on a year-over-year basis. During the same period in the previous year, the company earned $1.62 EPS. As a group, sell-side analysts anticipate that Digital Realty Trust, Inc. will post 6.71 earnings per share for the current year.

Digital Realty Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 17th. Investors of record on Friday, December 13th will be issued a $1.22 dividend. This represents a $4.88 annualized dividend and a yield of 2.49%. The ex-dividend date of this dividend is Friday, December 13th. Digital Realty Trust’s dividend payout ratio is currently 410.08%.

Analysts Set New Price Targets

DLR has been the topic of a number of research reports. Evercore ISI boosted their target price on shares of Digital Realty Trust from $160.00 to $175.00 and gave the stock an “outperform” rating in a report on Wednesday, October 23rd. Royal Bank of Canada raised their price target 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. Hsbc Global Res upgraded Digital Realty Trust from a “moderate sell” rating to a “hold” rating in a report on Friday, October 4th. TD Cowen increased their price objective on shares of Digital Realty Trust from $120.00 to $128.00 and gave the company a “hold” rating in a research note on Friday, October 25th. Finally, Stifel Nicolaus boosted their target price on shares of Digital Realty Trust from $195.00 to $205.00 and gave the stock a “buy” rating in a report on Thursday, November 21st. Two research analysts have rated the stock with a sell rating, nine have given a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus 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.