Victory Capital Management Inc. Sells 7,816 Shares of Digital Realty Trust, Inc. (NYSE:DLR)

Victory Capital Management Inc. decreased its holdings in Digital Realty Trust, Inc. (NYSE:DLR) by 5.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 132,454 shares of the real estate investment trust’s stock after selling 7,816 shares during the quarter. Victory Capital Management Inc.’s holdings in Digital Realty Trust were worth $21,435,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of DLR. Meeder Asset Management Inc. bought a new stake in Digital Realty Trust during the second quarter valued at $25,000. Gradient Investments LLC boosted its position in Digital Realty Trust by 75.2% during the second quarter. Gradient Investments LLC now owns 177 shares of the real estate investment trust’s stock valued at $27,000 after acquiring an additional 76 shares during the last quarter. American Capital Advisory LLC bought a new stake in Digital Realty Trust during the second quarter valued at $27,000. Private Ocean LLC bought a new stake in Digital Realty Trust during the second quarter valued at $27,000. Finally, Asset Dedication LLC bought a new stake in Digital Realty Trust during the second quarter valued at $31,000. Institutional investors own 99.71% of the company’s stock.

Wall Street Analyst Weigh In

DLR has been the topic of a number of research analyst reports. Scotiabank upped their price target on shares of Digital Realty Trust from $157.00 to $178.00 and gave the company a “sector perform” rating in a research report on Friday, October 25th. Stifel Nicolaus reiterated a “buy” rating and set a $195.00 price objective (up previously from $185.00) on shares of Digital Realty Trust in a report on Friday, October 25th. Wells Fargo & Company upped their price objective on shares of Digital Realty Trust from $175.00 to $185.00 and gave the company an “overweight” rating in a report on Friday, October 25th. Jefferies Financial Group upped their price objective on shares of Digital Realty Trust from $190.00 to $205.00 and gave the company a “buy” rating in a report on Friday, October 25th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Digital Realty Trust from $180.00 to $185.00 and gave the company an “overweight” rating in a report on Friday, October 25th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $169.84.

Digital Realty Trust Trading Up 2.0 %

NYSE:DLR opened at $183.26 on Tuesday. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.61 and a current ratio of 1.61. The firm has a market cap of $60.79 billion, a price-to-earnings ratio of 154.00, a price-to-earnings-growth ratio of 4.77 and a beta of 0.59. Digital Realty Trust, Inc. has a 52 week low of $130.00 and a 52 week high of $193.88. The firm has a 50-day moving average price of $167.24 and a two-hundred day moving average price of $155.31.

Digital Realty Trust (NYSE:DLR) last posted its quarterly earnings data on Thursday, October 24th. The real estate investment trust reported $0.09 EPS for the quarter, missing the consensus estimate of $1.67 by ($1.58). The firm had revenue of $1.43 billion during the quarter, compared to analysts’ expectations of $1.43 billion. Digital Realty Trust had a net margin of 8.04% and a return on equity of 2.24%. The company’s quarterly revenue was up 2.1% on a year-over-year basis. During the same quarter last year, the business posted $1.62 EPS. On average, equities analysts expect that Digital Realty Trust, Inc. will post 6.71 earnings per share for the current fiscal year.

Digital Realty Trust Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Stockholders of record on Friday, December 13th will be given a dividend of $1.22 per share. This represents a $4.88 dividend on an annualized basis and a dividend yield of 2.66%. The ex-dividend date is Friday, December 13th. Digital Realty Trust’s dividend payout ratio is currently 410.08%.

Digital Realty Trust Company Profile

Digital Realty brings companies and data together by delivering the full spectrum of data center, colocation, and interconnection solutions. PlatformDIGITAL, the company's global data center platform, provides customers with a secure data meeting place and a proven Pervasive Datacenter Architecture (PDx) solution methodology for powering innovation and efficiently managing Data Gravity challenges.