TIAA CREF Investment Management LLC lowered its holdings in Digital Realty Trust, Inc. (NYSE:DLR) by 10.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 593,363 shares of the real estate investment trust’s stock after selling 68,323 shares during the period. TIAA CREF Investment Management LLC owned 0.29% of Digital Realty Trust worth $67,584,000 as of its most recent SEC filing.
Several other large investors have also made changes to their positions in the company. Cohen & Steers Inc. grew its position in Digital Realty Trust by 100.4% during the third quarter. Cohen & Steers Inc. now owns 13,229,368 shares of the real estate investment trust’s stock valued at $1,565,431,000 after acquiring an additional 6,626,871 shares during the period. Ameriprise Financial Inc. grew its position in Digital Realty Trust by 79.3% during the third quarter. Ameriprise Financial Inc. now owns 2,332,689 shares of the real estate investment trust’s stock valued at $276,860,000 after acquiring an additional 1,032,004 shares during the period. Dimensional Fund Advisors LP grew its position in Digital Realty Trust by 29.9% during the third quarter. Dimensional Fund Advisors LP now owns 2,888,529 shares of the real estate investment trust’s stock valued at $341,788,000 after acquiring an additional 664,982 shares during the period. Adelante Capital Management LLC purchased a new stake in Digital Realty Trust during the third quarter valued at about $68,691,000. Finally, Schwab Charles Investment Management Inc. grew its position in Digital Realty Trust by 34.8% during the third quarter. Schwab Charles Investment Management Inc. now owns 1,821,651 shares of the real estate investment trust’s stock valued at $215,556,000 after acquiring an additional 470,486 shares during the period. 99.95% of the stock is owned by institutional investors and hedge funds.
Digital Realty Trust, Inc. (NYSE:DLR) opened at $104.75 on Tuesday. The company has a market capitalization of $21,855.88, a PE ratio of 17.44, a price-to-earnings-growth ratio of 2.39 and a beta of 0.01. Digital Realty Trust, Inc. has a one year low of $96.56 and a one year high of $127.23. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.25 and a current ratio of 0.25.
Digital Realty Trust (NYSE:DLR) last released its quarterly earnings results on Thursday, February 15th. The real estate investment trust reported $0.34 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.52 by ($1.18). Digital Realty Trust had a return on equity of 4.03% and a net margin of 10.10%. The business had revenue of $731.45 million during the quarter, compared to analyst estimates of $729.30 million. sell-side analysts expect that Digital Realty Trust, Inc. will post 6.54 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, March 30th. Investors of record on Thursday, March 15th will be paid a $1.01 dividend. This is a boost from Digital Realty Trust’s previous quarterly dividend of $0.93. The ex-dividend date is Wednesday, March 14th. This represents a $4.04 annualized dividend and a dividend yield of 3.86%. Digital Realty Trust’s payout ratio is 400.00%.
In related news, SVP Christopher Kenney sold 10,000 shares of the business’s stock in a transaction dated Friday, March 9th. The stock was sold at an average price of $103.47, for a total value of $1,034,700.00. Following the transaction, the senior vice president now owns 10,000 shares in the company, valued at $1,034,700. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 0.40% of the company’s stock.
A number of equities research analysts have issued reports on the company. SunTrust Banks reissued a “buy” rating and set a $135.00 price target on shares of Digital Realty Trust in a research report on Friday, November 24th. ValuEngine raised Digital Realty Trust from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. Deutsche Bank raised Digital Realty Trust from a “hold” rating to a “buy” rating and set a $130.00 price target for the company in a research report on Wednesday, January 10th. UBS raised Digital Realty Trust from a “sell” rating to a “neutral” rating and set a $112.00 price target for the company in a research report on Monday, January 29th. Finally, Credit Suisse Group reissued a “hold” rating and set a $95.00 price target on shares of Digital Realty Trust in a research report on Tuesday, January 23rd. Six research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $122.25.
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Digital Realty Trust Profile
Digital Realty Trust, Inc is a real estate investment trust (REIT). The Company is engaged in the business of owning, acquiring, developing and operating data centers. The Company is focused on providing data center and colocation solutions for domestic and international tenants across a range of industry verticals ranging from financial services, cloud and information technology services, to manufacturing, energy, healthcare and consumer products.
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