Exxonmobil Investment Management Inc. TX lowered its position in Digital Realty Trust Inc. (NYSE:DLR) by 1.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 37,499 shares of the real estate investment trust’s stock after selling 505 shares during the period. Exxonmobil Investment Management Inc. TX’s holdings in Digital Realty Trust were worth $3,642,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. raised its stake in Digital Realty Trust by 16.9% in the second quarter. Vanguard Group Inc. now owns 25,877,906 shares of the real estate investment trust’s stock worth $2,820,434,000 after buying an additional 3,744,997 shares during the last quarter. State Street Corp raised its stake in Digital Realty Trust by 61.0% in the second quarter. State Street Corp now owns 8,456,749 shares of the real estate investment trust’s stock worth $921,701,000 after buying an additional 3,203,272 shares during the last quarter. BlackRock Institutional Trust Company N.A. raised its stake in Digital Realty Trust by 5.2% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 5,635,394 shares of the real estate investment trust’s stock worth $614,202,000 after buying an additional 276,548 shares during the last quarter. Daiwa Securities Group Inc. raised its stake in Digital Realty Trust by 7.7% in the second quarter. Daiwa Securities Group Inc. now owns 4,733,460 shares of the real estate investment trust’s stock worth $515,900,000 after buying an additional 339,330 shares during the last quarter. Finally, BlackRock Fund Advisors raised its stake in Digital Realty Trust by 10.8% in the second quarter. BlackRock Fund Advisors now owns 4,670,897 shares of the real estate investment trust’s stock worth $509,081,000 after buying an additional 453,526 shares during the last quarter.

Institutional Ownership by Quarter for Digital Realty Trust (NYSE:DLR)

Shares of Digital Realty Trust Inc. (NYSE:DLR) traded up 0.64% during mid-day trading on Monday, reaching $91.53. The company had a trading volume of 895,187 shares. Digital Realty Trust Inc. has a one year low of $69.00 and a one year high of $113.21. The stock has a market capitalization of $14.55 billion, a P/E ratio of 63.08 and a beta of 0.14. The firm has a 50 day moving average of $92.19 and a 200-day moving average of $98.40.

Digital Realty Trust (NYSE:DLR) last posted its quarterly earnings results on Thursday, October 27th. The real estate investment trust reported $1.44 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.44. Digital Realty Trust had a return on equity of 9.81% and a net margin of 15.25%. The firm earned $546.30 million during the quarter, compared to analysts’ expectations of $538.82 million. During the same quarter in the previous year, the business earned $1.28 earnings per share. The company’s revenue was up 25.3% on a year-over-year basis. Analysts forecast that Digital Realty Trust Inc. will post $5.71 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 13th. Stockholders of record on Thursday, December 15th will be paid a $0.88 dividend. This represents a $3.52 annualized dividend and a dividend yield of 3.85%. The ex-dividend date of this dividend is Tuesday, December 13th. Digital Realty Trust’s dividend payout ratio is currently 246.15%.

TRADEMARK VIOLATION WARNING: This story was posted by The Cerbat Gem and is owned by of The Cerbat Gem. If you are viewing this story on another publication, it was copied illegally and reposted in violation of United States & international copyright & trademark law. The correct version of this story can be viewed at https://www.thecerbatgem.com/2016/11/28/exxonmobil-investment-management-inc-tx-reduces-stake-in-digital-realty-trust-inc-dlr.html.

A number of equities research analysts recently commented on DLR shares. Zacks Investment Research raised Digital Realty Trust from a “hold” rating to a “buy” rating and set a $103.00 price target for the company in a research report on Tuesday, October 11th. Bank of America Corp. reissued a “buy” rating and issued a $120.00 price target on shares of Digital Realty Trust in a research report on Wednesday, September 28th. TheStreet raised Digital Realty Trust from a “hold” rating to a “buy” rating in a research report on Thursday, October 27th. Deutsche Bank AG reissued a “buy” rating on shares of Digital Realty Trust in a research report on Friday, October 28th. Finally, Jefferies Group restated a “hold” rating on shares of Digital Realty Trust in a research note on Monday, August 29th. Six analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Digital Realty Trust currently has an average rating of “Buy” and a consensus price target of $106.00.

In other news, insider Edward F. Sham sold 14,701 shares of the business’s stock in a transaction on Thursday, September 15th. The stock was sold at an average price of $92.50, for a total value of $1,359,842.50. Following the completion of the transaction, the insider now owns 19,039 shares in the company, valued at $1,761,107.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Joshua A. Mills sold 4,519 shares of the business’s stock in a transaction on Friday, September 16th. The stock was sold at an average price of $92.22, for a total value of $416,742.18. Following the completion of the transaction, the senior vice president now owns 8,685 shares of the company’s stock, valued at approximately $800,930.70. The disclosure for this sale can be found here. 0.29% of the stock is owned by insiders.

Digital Realty Trust Company Profile

Digital Realty Trust, Inc is a real estate investment trust (REIT). The Company owns, acquires, develops and manages technology-related real estate. 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.

5 Day Chart for NYSE:DLR

Receive News & Stock Ratings for Digital Realty Trust Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Digital Realty Trust Inc. and related stocks with our FREE daily email newsletter.