Envestnet Asset Management Inc. lifted its position in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 41.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 23,471 shares of the real estate investment trust’s stock after purchasing an additional 6,831 shares during the period. Envestnet Asset Management Inc.’s holdings in Digital Realty Trust were worth $2,778,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Global X Management Co. LLC lifted its position in Digital Realty Trust by 22.9% in the second quarter. Global X Management Co. LLC now owns 4,662 shares of the real estate investment trust’s stock valued at $527,000 after acquiring an additional 869 shares during the last quarter. National Planning Corp lifted its position in Digital Realty Trust by 0.5% in the second quarter. National Planning Corp now owns 2,429 shares of the real estate investment trust’s stock valued at $275,000 after acquiring an additional 12 shares during the last quarter. DekaBank Deutsche Girozentrale lifted its position in Digital Realty Trust by 5.0% in the second quarter. DekaBank Deutsche Girozentrale now owns 12,729 shares of the real estate investment trust’s stock valued at $1,517,000 after acquiring an additional 608 shares during the last quarter. Wedbush Securities Inc. lifted its position in Digital Realty Trust by 2.5% in the second quarter. Wedbush Securities Inc. now owns 3,627 shares of the real estate investment trust’s stock valued at $410,000 after acquiring an additional 89 shares during the last quarter. Finally, Convergence Investment Partners LLC purchased a new stake in Digital Realty Trust in the second quarter valued at $699,000. 98.54% of the stock is owned by institutional investors and hedge funds.

Shares of Digital Realty Trust, Inc. (NYSE:DLR) opened at $115.31 on Thursday. Digital Realty Trust, Inc. has a 1-year low of $93.39 and a 1-year high of $127.23. The company has a quick ratio of 0.46, a current ratio of 0.46 and a debt-to-equity ratio of 0.85. The company has a market cap of $23,605.36, a PE ratio of 19.21, a PEG ratio of 2.88 and a beta of -0.10.

Digital Realty Trust (NYSE:DLR) last announced its earnings results on Wednesday, October 25th. The real estate investment trust reported $1.51 EPS for the quarter, beating analysts’ consensus estimates of $0.40 by $1.11. Digital Realty Trust had a net margin of 11.71% and a return on equity of 5.15%. The business had revenue of $609.90 million during the quarter, compared to analysts’ expectations of $595.49 million. During the same period in the prior year, the company earned $1.44 earnings per share. The business’s revenue was up 11.6% compared to the same quarter last year. sell-side analysts anticipate that Digital Realty Trust, Inc. will post 6.1 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 12th. Stockholders of record on Friday, December 15th will be issued a $0.93 dividend. The ex-dividend date is Thursday, December 14th. This represents a $3.72 dividend on an annualized basis and a dividend yield of 3.23%. Digital Realty Trust’s payout ratio is 300.00%.

DLR has been the subject of a number of research reports. Deutsche Bank boosted their price target on shares of Digital Realty Trust from $111.00 to $130.00 and gave the company a “hold” rating in a research report on Thursday, October 26th. Zacks Investment Research cut shares of Digital Realty Trust from a “buy” rating to a “hold” rating in a research report on Wednesday, October 25th. Barclays reissued a “buy” rating and issued a $132.00 price target on shares of Digital Realty Trust in a research report on Friday, September 8th. William Blair initiated coverage on shares of Digital Realty Trust in a research report on Friday, September 22nd. They issued a “market perform” rating for the company. Finally, Citigroup reissued a “neutral” rating and issued a $127.00 price target on shares of Digital Realty Trust in a research report on Tuesday, September 26th. Ten investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $125.07.

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About Digital Realty Trust

Digital Realty Trust, Inc is a real estate investment trust (REIT). The Company is engaged in the business of owning, acquiring, developing and operating data centers. 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.

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

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