ING Groep NV Sells 2,995 Shares of Digital Realty Trust, Inc. (NYSE:DLR)

ING Groep NV reduced its stake in Digital Realty Trust, Inc. (NYSE:DLR) by 22.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 10,083 shares of the real estate investment trust’s stock after selling 2,995 shares during the quarter. ING Groep NV’s holdings in Digital Realty Trust were worth $1,193,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Thompson Siegel & Walmsley LLC lifted its holdings in shares of Digital Realty Trust by 4,984.2% in the 3rd quarter. Thompson Siegel & Walmsley LLC now owns 966 shares of the real estate investment trust’s stock valued at $114,000 after buying an additional 947 shares during the period. Parallel Advisors LLC raised its holdings in Digital Realty Trust by 18.0% during the second quarter. Parallel Advisors LLC now owns 972 shares of the real estate investment trust’s stock worth $112,000 after purchasing an additional 148 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its holdings in Digital Realty Trust by 50.9% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 973 shares of the real estate investment trust’s stock worth $110,000 after purchasing an additional 328 shares during the last quarter. Sun Life Financial INC raised its holdings in Digital Realty Trust by 12,844.4% during the second quarter. Sun Life Financial INC now owns 1,165 shares of the real estate investment trust’s stock worth $132,000 after purchasing an additional 1,156 shares during the last quarter. Finally, Almanack Investment Partners LLC. acquired a new position in Digital Realty Trust during the second quarter worth $134,000. 98.54% of the stock is owned by institutional investors and hedge funds.

Digital Realty Trust, Inc. (DLR) opened at $110.59 on Tuesday. The company has a market capitalization of $24,408.63, a PE ratio of 19.87, a price-to-earnings-growth ratio of 3.04 and a beta of -0.10. Digital Realty Trust, Inc. has a one year low of $89.10 and a one year 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 quarterly earnings data on Wednesday, October 25th. The real estate investment trust reported $1.51 EPS for the quarter, topping the Zacks’ consensus estimate of $0.40 by $1.11. The company had revenue of $609.90 million for the quarter, compared to analysts’ expectations of $595.49 million. Digital Realty Trust had a return on equity of 5.15% and a net margin of 11.71%. The firm’s quarterly revenue was up 11.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.44 earnings per share. sell-side analysts expect that Digital Realty Trust, Inc. will post 6.09 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 12th. Investors of record on Friday, December 15th will be paid a $0.93 dividend. This represents a $3.72 annualized dividend and a dividend yield of 3.36%. The ex-dividend date is Thursday, December 14th. Digital Realty Trust’s dividend payout ratio (DPR) is 300.00%.

Several brokerages recently issued reports on DLR. Citigroup reaffirmed a “neutral” rating and set a $127.00 price objective on shares of Digital Realty Trust in a report on Tuesday, September 26th. SunTrust Banks reaffirmed a “buy” rating and set a $135.00 price objective on shares of Digital Realty Trust in a report on Friday, November 24th. Canaccord Genuity reaffirmed a “buy” rating and set a $127.00 price objective on shares of Digital Realty Trust in a report on Friday, August 18th. KeyCorp reissued a “buy” rating and issued a $130.00 price target on shares of Digital Realty Trust in a report on Tuesday, September 26th. Finally, Royal Bank Of Canada lifted their price objective on Digital Realty Trust from $127.00 to $133.00 and gave the company an “outperform” rating in a research report on Wednesday, October 4th. Ten research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $125.07.

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Digital Realty Trust 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.

Institutional Ownership by Quarter for Digital Realty Trust (NYSE:DLR)

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