Alps Advisors Inc. reduced its position in shares of Digital Realty Trust Inc. (NYSE:DLR) by 5.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 15,803 shares of the real estate investment trust’s stock after selling 862 shares during the period. Alps Advisors Inc.’s holdings in Digital Realty Trust were worth $1,535,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Honeywell International Inc. raised its position in Digital Realty Trust by 6.4% in the third quarter. Honeywell International Inc. now owns 39,251 shares of the real estate investment trust’s stock worth $3,812,000 after buying an additional 2,350 shares during the period. State Treasurer State of Michigan raised its position in Digital Realty Trust by 0.6% in the third quarter. State Treasurer State of Michigan now owns 51,300 shares of the real estate investment trust’s stock worth $4,982,000 after buying an additional 300 shares during the period. Aperio Group LLC raised its position in Digital Realty Trust by 5.9% in the third quarter. Aperio Group LLC now owns 56,976 shares of the real estate investment trust’s stock worth $5,533,000 after buying an additional 3,191 shares during the period. Arizona State Retirement System raised its position in Digital Realty Trust by 2.3% in the third quarter. Arizona State Retirement System now owns 48,900 shares of the real estate investment trust’s stock worth $4,749,000 after buying an additional 1,100 shares during the period. Finally, Quantitative Investment Management LLC purchased a new position in Digital Realty Trust during the third quarter worth approximately $17,054,000.

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

Shares of Digital Realty Trust Inc. (NYSE:DLR) traded up 0.64% during midday trading on Monday, hitting $91.53. 895,187 shares of the stock traded hands. Digital Realty Trust Inc. has a 52 week low of $69.00 and a 52 week high of $113.21. The firm has a 50-day moving average price of $92.19 and a 200-day moving average price of $98.45. The stock has a market capitalization of $14.55 billion, a P/E ratio of 63.08 and a beta of 0.14.

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

The business also recently declared a quarterly dividend, which will be paid on Friday, January 13th. Investors of record on Thursday, December 15th will be issued a dividend of $0.88 per share. This represents a $3.52 annualized dividend and a dividend yield of 3.85%. The ex-dividend date is Tuesday, December 13th. Digital Realty Trust’s dividend payout ratio (DPR) is presently 246.15%.

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A number of equities analysts have recently issued reports on DLR shares. Morgan Stanley upgraded shares of Digital Realty Trust from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $103.00 to $104.00 in a research report on Tuesday, November 8th. TheStreet upgraded shares of Digital Realty Trust from a “hold” rating to a “buy” rating in a research report on Thursday, October 27th. Deutsche Bank AG reiterated a “buy” rating on shares of Digital Realty Trust in a research report on Friday, October 28th. Zacks Investment Research upgraded shares of Digital Realty Trust from a “hold” rating to a “buy” rating and set a $108.00 target price on the stock in a research report on Thursday, October 20th. Finally, Bank of America Corp. reiterated a “buy” rating and set a $120.00 target price on shares of Digital Realty Trust in a research report on Wednesday, September 28th. Six analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $106.00.

In related news, insider Edward F. Sham sold 14,701 shares of Digital Realty Trust stock in a transaction that occurred on Thursday, September 15th. The shares were sold at an average price of $92.50, for a total transaction of $1,359,842.50. Following the sale, the insider now directly owns 19,039 shares of the company’s stock, valued at approximately $1,761,107.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Joshua A. Mills sold 4,519 shares of Digital Realty Trust stock in a transaction that occurred on Friday, September 16th. The shares were sold at an average price of $92.22, for a total transaction of $416,742.18. Following the sale, the senior vice president now directly owns 8,685 shares in the company, valued at $800,930.70. The disclosure for this sale can be found here. Corporate insiders own 0.29% of the company’s stock.

About Digital Realty Trust

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

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