ING Groep NV Sells 26,405 Shares of Digital Realty Trust, Inc. (NYSE:DLR)

ING Groep NV lessened its position in Digital Realty Trust, Inc. (NYSE:DLR) by 60.5% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 17,261 shares of the real estate investment trust’s stock after selling 26,405 shares during the period. ING Groep NV’s holdings in Digital Realty Trust were worth $2,793,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the company. Nicola Wealth Management LTD. grew its holdings in Digital Realty Trust by 14.0% during the third quarter. Nicola Wealth Management LTD. now owns 20,752 shares of the real estate investment trust’s stock worth $3,358,000 after purchasing an additional 2,550 shares during the period. Tokio Marine Asset Management Co. Ltd. boosted its stake in shares of Digital Realty Trust by 5.7% during the 3rd quarter. Tokio Marine Asset Management Co. Ltd. now owns 9,298 shares of the real estate investment trust’s stock worth $1,505,000 after acquiring an additional 499 shares during the period. Metis Global Partners LLC increased its holdings in shares of Digital Realty Trust by 13.4% during the 3rd quarter. Metis Global Partners LLC now owns 82,558 shares of the real estate investment trust’s stock worth $13,360,000 after acquiring an additional 9,765 shares during the last quarter. KBC Group NV raised its stake in Digital Realty Trust by 341.5% in the 3rd quarter. KBC Group NV now owns 279,921 shares of the real estate investment trust’s stock valued at $45,299,000 after acquiring an additional 216,515 shares during the period. Finally, Huntington National Bank boosted its position in Digital Realty Trust by 46.0% during the third quarter. Huntington National Bank now owns 39,306 shares of the real estate investment trust’s stock worth $6,361,000 after purchasing an additional 12,385 shares during the period. 99.71% of the stock is currently owned by institutional investors and hedge funds.

Digital Realty Trust Trading Up 0.8 %

Shares of DLR stock opened at $179.67 on Friday. Digital Realty Trust, Inc. has a fifty-two week low of $130.00 and a fifty-two week high of $193.88. The stock’s fifty day moving average price is $166.56 and its two-hundred day moving average price is $154.77. 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 cap of $59.60 billion, a PE ratio of 150.98, a P/E/G ratio of 4.73 and a beta of 0.59.

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 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 net margin of 8.04% and a return on equity of 2.24%. The business’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same period last year, the business earned $1.62 earnings per share. Equities analysts predict 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. Investors of record on Friday, December 13th will be given a dividend of $1.22 per share. This represents a $4.88 dividend on an annualized basis and a yield of 2.72%. The ex-dividend date of this dividend is Friday, December 13th. Digital Realty Trust’s dividend payout ratio is 410.08%.

Wall Street Analyst Weigh In

DLR has been the topic of several research analyst reports. Evercore ISI increased their price objective 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. Wells Fargo & Company raised their price objective on shares of Digital Realty Trust from $175.00 to $185.00 and gave the stock an “overweight” rating in a research report on Friday, October 25th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $195.00 target price (up previously from $185.00) on shares of Digital Realty Trust in a research report on Friday, October 25th. Raymond James lifted their price target on Digital Realty Trust from $170.00 to $190.00 and gave the stock a “strong-buy” rating in a report on Friday, October 25th. Finally, Scotiabank upped their price objective on Digital Realty Trust from $157.00 to $178.00 and gave the company a “sector perform” rating in a report on Friday, October 25th. Two analysts have rated the stock with a sell rating, nine have given a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $169.47.

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.