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

Victory Capital Management Inc. reduced its stake in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 5.6% in the third quarter, Holdings Channel reports. 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 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Clear Creek Financial Management LLC boosted its holdings in Digital Realty Trust by 1.6% in the 3rd quarter. Clear Creek Financial Management LLC now owns 3,836 shares of the real estate investment trust’s stock worth $621,000 after buying an additional 59 shares during the period. Trueblood Wealth Management LLC boosted its holdings in Digital Realty Trust by 3.1% in the 3rd quarter. Trueblood Wealth Management LLC now owns 2,061 shares of the real estate investment trust’s stock worth $334,000 after buying an additional 61 shares during the period. Gilman Hill Asset Management LLC boosted its holdings in Digital Realty Trust by 1.1% in the 2nd quarter. Gilman Hill Asset Management LLC now owns 6,179 shares of the real estate investment trust’s stock worth $940,000 after buying an additional 65 shares during the period. GHP Investment Advisors Inc. boosted its holdings in Digital Realty Trust by 14.3% in the 3rd quarter. GHP Investment Advisors Inc. now owns 527 shares of the real estate investment trust’s stock worth $85,000 after buying an additional 66 shares during the period. Finally, Telos Capital Management Inc. lifted its stake in Digital Realty Trust by 0.8% in the 3rd quarter. Telos Capital Management Inc. now owns 8,569 shares of the real estate investment trust’s stock worth $1,387,000 after purchasing an additional 71 shares in the last quarter. 99.71% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

DLR has been the topic of several recent analyst reports. Scotiabank increased their target price on shares of Digital Realty Trust from $157.00 to $178.00 and gave the stock a “sector perform” rating in a research note on Friday, October 25th. Stifel Nicolaus reiterated a “buy” rating and issued a $195.00 target price (up from $185.00) on shares of Digital Realty Trust in a research note on Friday, October 25th. TD Cowen increased their target price on shares of Digital Realty Trust from $120.00 to $128.00 and gave the stock a “hold” rating in a research note on Friday, October 25th. Royal Bank of Canada increased their target price on shares of Digital Realty Trust from $177.00 to $207.00 and gave the stock an “outperform” rating in a research note on Monday, October 28th. Finally, JPMorgan Chase & Co. increased their target price on shares of Digital Realty Trust from $180.00 to $185.00 and gave the stock an “overweight” rating in a research note on Friday, October 25th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $169.84.

Digital Realty Trust Price Performance

Shares of NYSE:DLR opened at $183.26 on Tuesday. The stock has a market cap of $60.79 billion, a PE ratio of 154.00, a PEG ratio of 4.77 and a beta of 0.59. The company’s fifty day moving average is $167.24 and its 200 day moving average is $155.31. Digital Realty Trust, Inc. has a 52 week low of $130.00 and a 52 week high of $193.88. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 0.81.

Digital Realty Trust (NYSE:DLR) last announced its quarterly earnings results 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). The firm had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.43 billion. Digital Realty Trust had a return on equity of 2.24% and a net margin of 8.04%. Digital Realty Trust’s revenue was up 2.1% on a year-over-year basis. During the same period last year, the business earned $1.62 EPS. Research analysts anticipate that Digital Realty Trust, Inc. will post 6.71 earnings per share for the current year.

Digital Realty Trust Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, January 17th. Shareholders of record on Friday, December 13th will be issued a $1.22 dividend. This represents a $4.88 dividend on an annualized basis and a yield of 2.66%. The ex-dividend date is Friday, December 13th. Digital Realty Trust’s dividend payout ratio (DPR) is presently 410.08%.

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.