Amalgamated Bank Sells 4,246 Shares of Digital Realty Trust, Inc. (NYSE:DLR)

Amalgamated Bank trimmed its position in Digital Realty Trust, Inc. (NYSE:DLR) by 6.5% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 61,274 shares of the real estate investment trust’s stock after selling 4,246 shares during the quarter. Amalgamated Bank’s holdings in Digital Realty Trust were worth $9,916,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Meeder Asset Management Inc. acquired a new position in shares of Digital Realty Trust in the second quarter valued at about $25,000. Gradient Investments LLC raised its position in shares of Digital Realty Trust by 75.2% in the second quarter. Gradient Investments LLC now owns 177 shares of the real estate investment trust’s stock valued at $27,000 after buying an additional 76 shares in the last quarter. American Capital Advisory LLC bought a new stake in shares of Digital Realty Trust in the second quarter valued at approximately $27,000. Private Ocean LLC bought a new stake in shares of Digital Realty Trust in the second quarter valued at approximately $27,000. Finally, Asset Dedication LLC bought a new position in Digital Realty Trust during the 2nd quarter worth $31,000. Institutional investors own 99.71% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on DLR shares. HSBC upgraded Digital Realty Trust from a “reduce” rating to a “hold” rating and upped their target price for the company from $124.00 to $160.00 in a research report on Friday, October 4th. Hsbc Global Res upgraded shares of Digital Realty Trust from a “moderate sell” rating to a “hold” rating in a research note on Friday, October 4th. Barclays boosted their target price on shares of Digital Realty Trust from $130.00 to $135.00 and gave the company an “underweight” rating in a research report on Thursday, October 10th. Stifel Nicolaus reiterated a “buy” rating and set a $195.00 price target (up previously from $185.00) on shares of Digital Realty Trust in a research report on Friday, October 25th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Digital Realty Trust from $180.00 to $185.00 and gave the company an “overweight” rating in a research report on Friday, October 25th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Digital Realty Trust currently has a consensus rating of “Hold” and an average price target of $167.68.

Digital Realty Trust Price Performance

Shares of NYSE:DLR opened at $181.06 on Wednesday. Digital Realty Trust, Inc. has a twelve month low of $126.22 and a twelve month high of $193.88. The firm’s 50 day moving average price is $161.89 and its 200-day moving average price is $152.79. The company has a quick ratio of 1.78, a current ratio of 1.61 and a debt-to-equity ratio of 0.81. The stock has a market capitalization of $59.28 billion, a PE ratio of 152.15, a price-to-earnings-growth ratio of 5.66 and a beta of 0.59.

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 for the quarter, missing the consensus estimate of $1.67 by ($1.58). The firm had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.43 billion. Digital Realty Trust had a return on equity of 2.24% and a net margin of 8.04%. The company’s quarterly revenue was up 2.1% on a year-over-year basis. During the same period in the prior year, the company posted $1.62 EPS. Equities research analysts expect that Digital Realty Trust, Inc. will post 6.7 EPS for the current year.

Digital Realty Trust Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Stockholders of record on Friday, December 13th will be issued a $1.22 dividend. This represents a $4.88 dividend on an annualized basis and a dividend yield of 2.70%. Digital Realty Trust’s dividend payout ratio (DPR) is 410.08%.

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.