Digital Realty Trust, Inc. (NYSE:DLR) Shares Sold by Zevin Asset Management LLC

Zevin Asset Management LLC cut its holdings in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 0.3% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 72,127 shares of the real estate investment trust’s stock after selling 229 shares during the quarter. Digital Realty Trust comprises approximately 1.8% of Zevin Asset Management LLC’s investment portfolio, making the stock its 24th biggest position. Zevin Asset Management LLC’s holdings in Digital Realty Trust were worth $11,672,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Meeder Asset Management Inc. purchased a new stake in shares of Digital Realty Trust during the 2nd quarter worth approximately $25,000. American Capital Advisory LLC acquired a new position in Digital Realty Trust in the second quarter valued at $27,000. Private Ocean LLC purchased a new position in shares of Digital Realty Trust during the second quarter worth about $27,000. Gradient Investments LLC increased its position in shares of 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 worth $27,000 after purchasing an additional 76 shares in the last quarter. Finally, Adirondack Trust Co. lifted its holdings in shares of Digital Realty Trust by 68.6% in the 3rd quarter. Adirondack Trust Co. now owns 199 shares of the real estate investment trust’s stock valued at $32,000 after purchasing an additional 81 shares during the last quarter. Institutional investors and hedge funds own 99.71% of the company’s stock.

Digital Realty Trust Stock Performance

NYSE:DLR opened at $179.67 on Monday. Digital Realty Trust, Inc. has a fifty-two week low of $130.00 and a fifty-two week high of $193.88. The firm’s 50 day moving average is $166.56 and its two-hundred day moving average is $155.01. The company has a market cap of $59.60 billion, a P/E ratio of 150.98, a P/E/G ratio of 4.77 and a beta of 0.59. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 0.81.

Digital Realty Trust (NYSE:DLR) last issued its earnings results on Thursday, October 24th. The real estate investment trust reported $0.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.67 by ($1.58). Digital Realty Trust had a return on equity of 2.24% and a net margin of 8.04%. The firm had revenue of $1.43 billion for the quarter, compared to analysts’ expectations of $1.43 billion. During the same quarter in the previous year, the firm posted $1.62 EPS. The firm’s revenue for the quarter was up 2.1% compared to the same quarter last year. Analysts expect that Digital Realty Trust, Inc. will post 6.71 EPS for the current year.

Digital Realty Trust Announces Dividend

The firm 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. The ex-dividend date is Friday, December 13th. This represents a $4.88 dividend on an annualized basis and a yield of 2.72%. Digital Realty Trust’s dividend payout ratio (DPR) is 410.08%.

Analysts Set New Price Targets

Several brokerages have issued reports on DLR. Jefferies Financial Group raised their price objective on shares of Digital Realty Trust from $190.00 to $205.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. Wells Fargo & Company boosted their price objective on shares of Digital Realty Trust from $175.00 to $185.00 and gave the stock an “overweight” rating in a report on Friday, October 25th. Evercore ISI lifted their price target on shares of Digital Realty Trust from $160.00 to $175.00 and gave the company an “outperform” rating in a research report on Wednesday, October 23rd. Hsbc Global Res upgraded Digital Realty Trust from a “moderate sell” rating to a “hold” rating in a report on Friday, October 4th. Finally, Argus downgraded Digital Realty Trust from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $169.47.

Digital Realty Trust Company 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.