Lasalle Investment Management Securities LLC Sells 259,413 Shares of Digital Realty Trust, Inc. $DLR

Lasalle Investment Management Securities LLC trimmed its position in Digital Realty Trust, Inc. (NYSE:DLR) by 64.3% during the 1st quarter, Holdings Channel reports. The institutional investor owned 144,014 shares of the real estate investment trust’s stock after selling 259,413 shares during the period. Digital Realty Trust makes up 1.0% of Lasalle Investment Management Securities LLC’s holdings, making the stock its 29th biggest holding. Lasalle Investment Management Securities LLC’s holdings in Digital Realty Trust were worth $25,953,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. First Trust Advisors LP increased its position in shares of Digital Realty Trust by 38.6% in the first quarter. First Trust Advisors LP now owns 139,965 shares of the real estate investment trust’s stock valued at $25,223,000 after acquiring an additional 38,992 shares during the period. Pacific Sun Financial Corp boosted its holdings in shares of Digital Realty Trust by 1.9% during the first quarter. Pacific Sun Financial Corp now owns 8,390 shares of the real estate investment trust’s stock worth $1,512,000 after purchasing an additional 154 shares during the period. PNC Financial Services Group Inc. grew its stake in shares of Digital Realty Trust by 9.6% in the first quarter. PNC Financial Services Group Inc. now owns 47,730 shares of the real estate investment trust’s stock worth $8,601,000 after purchasing an additional 4,199 shares during the last quarter. DJE Kapital AG bought a new stake in shares of Digital Realty Trust in the first quarter worth about $6,751,000. Finally, Cassaday & Co Wealth Management LLC purchased a new position in Digital Realty Trust during the 1st quarter valued at about $105,000. Hedge funds and other institutional investors own 99.71% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have commented on the company. TD Cowen increased their price objective on Digital Realty Trust from $185.00 to $192.00 and gave the stock a “hold” rating in a report on Friday, April 24th. Scotiabank boosted their target price on Digital Realty Trust from $195.00 to $222.00 and gave the company an “outperform” rating in a research note on Monday, April 27th. Barclays upped their target price on Digital Realty Trust from $189.00 to $197.00 and gave the company an “equal weight” rating in a report on Wednesday, July 1st. Sanford C. Bernstein raised their price target on Digital Realty Trust from $218.00 to $232.00 and gave the stock an “outperform” rating in a research note on Friday, April 24th. Finally, UBS Group lifted their price target on shares of Digital Realty Trust from $225.00 to $227.00 and gave the company a “buy” rating in a report on Friday, April 24th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $216.17.

Digital Realty Trust Price Performance

DLR stock opened at $178.48 on Thursday. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.59 and a quick ratio of 1.59. Digital Realty Trust, Inc. has a 1 year low of $146.23 and a 1 year high of $208.14. The firm has a 50-day moving average of $184.61 and a 200 day moving average of $180.41. The company has a market cap of $62.72 billion, a P/E ratio of 47.09, a PEG ratio of 4.88 and a beta of 1.03.

Digital Realty Trust (NYSE:DLR) last posted its earnings results on Thursday, April 23rd. The real estate investment trust reported $0.46 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.46. The firm had revenue of $1.64 billion for the quarter, compared to the consensus estimate of $1.63 billion. Digital Realty Trust had a return on equity of 6.05% and a net margin of 21.73%.The business’s revenue for the quarter was up 16.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.77 EPS. On average, sell-side analysts forecast that Digital Realty Trust, Inc. will post 8.04 EPS for the current year.

Digital Realty Trust Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Monday, June 15th were paid a $1.22 dividend. This represents a $4.88 annualized dividend and a yield of 2.7%. The ex-dividend date of this dividend was Monday, June 15th. Digital Realty Trust’s dividend payout ratio is presently 128.76%.

About Digital Realty Trust

Digital Realty Trust, Inc (NYSE: DLR) is a real estate investment trust that owns, acquires and operates carrier-neutral data centers and provides related colocation and interconnection solutions. The company focuses on large-scale, mission-critical facilities that support the physical infrastructure needs of cloud providers, enterprises, network operators and content companies. Digital Realty’s offerings are designed to enable secure, reliable and highly available IT infrastructure with an emphasis on power density, cooling, and physical security.

Digital Realty’s product set spans wholesale data center space, turnkey build-to-suit facilities, and retail colocation suites, complemented by interconnection services that allow customers to establish private and public connections to networks, cloud on-ramps and other ecosystem partners.