Chevy Chase Trust Holdings LLC Sells 12,149 Shares of Digital Realty Trust, Inc. (NYSE:DLR)

Chevy Chase Trust Holdings LLC decreased its position in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 6.9% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 165,062 shares of the real estate investment trust’s stock after selling 12,149 shares during the period. Chevy Chase Trust Holdings LLC’s holdings in Digital Realty Trust were worth $26,712,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of the company. Cinctive Capital Management LP bought a new position in Digital Realty Trust during the third quarter valued at $5,717,000. Beck Capital Management LLC boosted its stake in shares of Digital Realty Trust by 3.7% during the third quarter. Beck Capital Management LLC now owns 12,007 shares of the real estate investment trust’s stock valued at $1,943,000 after purchasing an additional 428 shares during the period. Benjamin Edwards Inc. boosted its stake in shares of Digital Realty Trust by 10,864.4% during the third quarter. Benjamin Edwards Inc. now owns 37,279 shares of the real estate investment trust’s stock valued at $6,035,000 after purchasing an additional 36,939 shares during the period. Aureus Asset Management LLC purchased a new stake in shares of Digital Realty Trust during the third quarter valued at $210,000. Finally, Bamco Inc. NY boosted its stake in shares of Digital Realty Trust by 1.9% during the third quarter. Bamco Inc. NY now owns 593,707 shares of the real estate investment trust’s stock valued at $96,080,000 after purchasing an additional 11,103 shares during the period. Institutional investors own 99.71% of the company’s stock.

Digital Realty Trust Stock Performance

Shares of Digital Realty Trust stock opened at $192.18 on Tuesday. Digital Realty Trust, Inc. has a one year low of $130.00 and a one 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. The company has a market capitalization of $63.75 billion, a PE ratio of 161.49, a P/E/G ratio of 5.19 and a beta of 0.59. The company has a 50-day simple moving average of $173.14 and a two-hundred day simple moving average of $158.36.

Digital Realty Trust (NYSE:DLR) last posted 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). Digital Realty Trust had a net margin of 8.04% and a return on equity of 2.24%. The company had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.43 billion. During the same quarter last year, the company earned $1.62 EPS. The business’s revenue was up 2.1% compared to the same quarter last year. Research analysts expect that Digital Realty Trust, Inc. will post 6.71 EPS for the current fiscal year.

Digital Realty Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 17th. Stockholders of record on Friday, December 13th will be issued a dividend of $1.22 per share. The ex-dividend date is Friday, December 13th. This represents a $4.88 annualized dividend and a dividend yield of 2.54%. Digital Realty Trust’s dividend payout ratio (DPR) is currently 410.08%.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on DLR. HSBC raised shares of Digital Realty Trust from a “reduce” rating to a “hold” rating and boosted their target price for the company from $124.00 to $160.00 in a research note on Friday, October 4th. Wells Fargo & Company boosted their target price on shares of Digital Realty Trust from $175.00 to $185.00 and gave the company an “overweight” rating in a research note on Friday, October 25th. Barclays boosted their target price on shares of Digital Realty Trust from $135.00 to $142.00 and gave the company an “underweight” rating in a research note on Monday, November 18th. JPMorgan Chase & Co. upped their price objective on shares of Digital Realty Trust from $180.00 to $185.00 and gave the stock an “overweight” rating in a research note on Friday, October 25th. Finally, Stifel Nicolaus upped their price objective on shares of Digital Realty Trust from $195.00 to $205.00 and gave the stock a “buy” rating in a research note on Thursday, November 21st. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus 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.