Payden & Rygel decreased its stake in Digital Realty Trust, Inc. (NYSE:DLR) by 3.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 111,000 shares of the real estate investment trust’s stock after selling 3,600 shares during the period. Payden & Rygel owned about 0.07% of Digital Realty Trust worth $13,135,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of DLR. Municipal Employees Retirement System of Michigan increased its position in Digital Realty Trust by 84.1% in the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 9,390 shares of the real estate investment trust’s stock valued at $1,061,000 after acquiring an additional 4,290 shares during the period. Retirement Systems of Alabama increased its position in Digital Realty Trust by 0.6% in the 2nd quarter. Retirement Systems of Alabama now owns 77,468 shares of the real estate investment trust’s stock valued at $8,750,000 after acquiring an additional 482 shares during the period. Pictet Asset Management Ltd. increased its position in Digital Realty Trust by 72.5% in the 2nd quarter. Pictet Asset Management Ltd. now owns 482,200 shares of the real estate investment trust’s stock valued at $56,991,000 after acquiring an additional 202,700 shares during the period. BP PLC increased its position in Digital Realty Trust by 110.5% in the 2nd quarter. BP PLC now owns 40,000 shares of the real estate investment trust’s stock valued at $4,520,000 after acquiring an additional 21,000 shares during the period. Finally, Global X Management Co. LLC increased its position in Digital Realty Trust by 22.9% in the 2nd 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 period. 98.54% of the stock is owned by institutional investors and hedge funds.

DLR has been the subject of several recent analyst reports. ValuEngine cut shares of Digital Realty Trust from a “buy” rating to a “hold” rating in a research report on Wednesday, October 18th. Deutsche Bank increased their price objective on shares of Digital Realty Trust from $111.00 to $130.00 and gave the stock 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. Stifel Nicolaus reiterated a “hold” rating and set a $117.00 price objective on shares of Digital Realty Trust in a research report on Thursday, September 14th. Finally, Barclays reiterated a “buy” rating and set a $132.00 price objective on shares of Digital Realty Trust in a research report on Friday, September 8th. Ten research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $125.07.

Shares of Digital Realty Trust, Inc. (DLR) traded down $0.38 during midday trading on Thursday, reaching $112.64. 1,001,200 shares of the company traded hands, compared to its average volume of 1,275,904. The company has a market capitalization of $23,219.12, a price-to-earnings ratio of 18.90, a PEG ratio of 2.89 and a beta of -0.10. Digital Realty Trust, Inc. has a fifty-two week low of $90.12 and a fifty-two week high of $127.23. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.46 and a current ratio of 0.46.

Digital Realty Trust (NYSE:DLR) last issued its earnings results on Wednesday, October 25th. The real estate investment trust reported $1.51 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.40 by $1.11. The business had revenue of $609.90 million for the quarter, compared to analyst estimates of $595.49 million. Digital Realty Trust had a net margin of 11.71% and a return on equity of 5.15%. Digital Realty Trust’s revenue was up 11.6% on a year-over-year basis. During the same period in the prior year, the firm earned $1.44 earnings per share. equities analysts anticipate that Digital Realty Trust, Inc. will post 6.09 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, January 12th. Investors of record on Friday, December 15th will be paid a dividend of $0.93 per share. This represents a $3.72 annualized dividend and a yield of 3.30%. The ex-dividend date is Thursday, December 14th. Digital Realty Trust’s dividend payout ratio is presently 300.00%.

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Digital Realty Trust Company Profile

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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