LDR Capital Management LLC Decreases Holdings in Digital Realty Trust, Inc. $DLR

LDR Capital Management LLC reduced its stake in Digital Realty Trust, Inc. (NYSE:DLR) by 58.3% during the third quarter, according to its most recent filing with the SEC. The fund owned 2,768 shares of the real estate investment trust’s stock after selling 3,871 shares during the quarter. LDR Capital Management LLC’s holdings in Digital Realty Trust were worth $479,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in DLR. Summit Place Financial Advisors LLC boosted its stake in Digital Realty Trust by 2.0% in the second quarter. Summit Place Financial Advisors LLC now owns 2,857 shares of the real estate investment trust’s stock valued at $498,000 after acquiring an additional 57 shares during the last quarter. Riverbend Wealth Management LLC raised its holdings in shares of Digital Realty Trust by 3.0% in the 2nd quarter. Riverbend Wealth Management LLC now owns 2,043 shares of the real estate investment trust’s stock worth $356,000 after purchasing an additional 60 shares during the period. Security National Bank of Sioux City Iowa IA lifted its stake in Digital Realty Trust by 0.4% in the third quarter. Security National Bank of Sioux City Iowa IA now owns 14,335 shares of the real estate investment trust’s stock valued at $2,478,000 after purchasing an additional 60 shares during the last quarter. Telos Capital Management Inc. grew its holdings in Digital Realty Trust by 0.8% during the second quarter. Telos Capital Management Inc. now owns 8,089 shares of the real estate investment trust’s stock valued at $1,410,000 after purchasing an additional 64 shares during the period. Finally, Horst & Graben Wealth Management LLC increased its position in Digital Realty Trust by 0.4% in the second quarter. Horst & Graben Wealth Management LLC now owns 16,030 shares of the real estate investment trust’s stock worth $2,795,000 after buying an additional 65 shares during the last quarter. Institutional investors own 99.71% of the company’s stock.

Digital Realty Trust Price Performance

NYSE:DLR opened at $163.24 on Tuesday. Digital Realty Trust, Inc. has a 52-week low of $129.95 and a 52-week high of $187.74. The stock has a fifty day moving average of $157.45 and a 200 day moving average of $166.51. The company has a debt-to-equity ratio of 0.80, a quick ratio of 2.02 and a current ratio of 2.02. The firm has a market capitalization of $56.07 billion, a price-to-earnings ratio of 42.18, a P/E/G ratio of 3.83 and a beta of 1.11.

Digital Realty Trust (NYSE:DLR) last released its quarterly earnings results on Friday, October 31st. The real estate investment trust reported $0.15 earnings per share for the quarter. The firm had revenue of $1.58 billion for the quarter. Digital Realty Trust had a return on equity of 6.41% and a net margin of 23.67%. On average, research analysts expect that Digital Realty Trust, Inc. will post 7.07 EPS for the current fiscal year.

Digital Realty Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 16th. Stockholders of record on Monday, December 15th were issued a dividend of $1.22 per share. This represents a $4.88 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date of this dividend was Monday, December 15th. Digital Realty Trust’s payout ratio is currently 126.10%.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the company. Bank of America reiterated a “neutral” rating and set a $170.00 price target (down previously from $210.00) on shares of Digital Realty Trust in a research note on Thursday, January 8th. UBS Group set a $189.00 target price on shares of Digital Realty Trust in a research note on Wednesday, January 14th. TD Cowen boosted their price target on shares of Digital Realty Trust from $163.00 to $179.00 and gave the company a “hold” rating in a research report on Friday, October 24th. Daiwa Capital Markets began coverage on shares of Digital Realty Trust in a report on Wednesday, October 22nd. They issued a “buy” rating and a $210.00 price objective for the company. Finally, Scotiabank lowered their target price on shares of Digital Realty Trust from $206.00 to $189.00 and set a “sector outperform” rating on the stock in a report on Wednesday, January 14th. Three investment analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $193.22.

Insider Activity

In related news, Director Mary Hogan Preusse sold 4,166 shares of the company’s stock in a transaction on Monday, December 1st. The shares were sold at an average price of $157.42, for a total value of $655,811.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.17% of the company’s stock.

Digital Realty Trust Company Profile

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.