Jennison Associates LLC Sells 7,316 Shares of Digital Realty Trust, Inc. (NYSE:DLR)

Jennison Associates LLC trimmed its holdings in Digital Realty Trust, Inc. (NYSE:DLR) by 29.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,725 shares of the real estate investment trust’s stock after selling 7,316 shares during the period. Jennison Associates LLC’s holdings in Digital Realty Trust were worth $2,868,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Lazard Asset Management LLC lifted its holdings in shares of Digital Realty Trust by 7.9% during the 1st quarter. Lazard Asset Management LLC now owns 4,108 shares of the real estate investment trust’s stock worth $591,000 after acquiring an additional 300 shares during the period. Bayesian Capital Management LP acquired a new stake in shares of Digital Realty Trust in the 1st quarter valued at $1,455,000. Kodai Capital Management LP increased its stake in shares of Digital Realty Trust by 14.5% in the 1st quarter. Kodai Capital Management LP now owns 502,837 shares of the real estate investment trust’s stock valued at $72,429,000 after purchasing an additional 63,787 shares during the last quarter. Janus Henderson Group PLC raised its holdings in shares of Digital Realty Trust by 2.3% during the 1st quarter. Janus Henderson Group PLC now owns 95,626 shares of the real estate investment trust’s stock worth $13,766,000 after buying an additional 2,190 shares in the last quarter. Finally, B. Riley Wealth Advisors Inc. lifted its position in shares of Digital Realty Trust by 3.0% during the 1st quarter. B. Riley Wealth Advisors Inc. now owns 3,660 shares of the real estate investment trust’s stock worth $527,000 after buying an additional 105 shares during the last quarter. 99.71% of the stock is currently owned by institutional investors.

Digital Realty Trust Price Performance

DLR stock opened at $189.84 on Friday. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 0.81. The firm has a market cap of $62.97 billion, a price-to-earnings ratio of 159.53, a PEG ratio of 4.97 and a beta of 0.59. The company’s fifty day simple moving average is $169.56 and its 200 day simple moving average is $156.43. Digital Realty Trust, Inc. has a 12-month low of $130.00 and a 12-month high of $193.88.

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

Digital Realty Trust Announces Dividend

The business also recently disclosed 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 annualized dividend and a dividend yield of 2.57%. The ex-dividend date is Friday, December 13th. Digital Realty Trust’s dividend payout ratio (DPR) is 410.08%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on DLR shares. Argus downgraded Digital Realty Trust from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Scotiabank raised their target price 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. HSBC upgraded shares of Digital Realty Trust from a “reduce” rating to a “hold” rating and upped their price target for the stock from $124.00 to $160.00 in a report on Friday, October 4th. Evercore ISI raised their price objective on Digital Realty Trust from $160.00 to $175.00 and gave the company an “outperform” rating in a report on Wednesday, October 23rd. Finally, TD Cowen upped their target price on Digital Realty Trust from $120.00 to $128.00 and gave the stock a “hold” rating in a report on Friday, October 25th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $170.37.

Digital Realty Trust 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.