Digital Realty Trust, Inc. (DLR) Position Lessened by Bamco Inc. NY

Bamco Inc. NY lowered its stake in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 32.8% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 69,726 shares of the real estate investment trust’s stock after selling 34,102 shares during the period. Bamco Inc. NY’s holdings in Digital Realty Trust were worth $8,251,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the business. National Planning Corp raised its stake in Digital Realty Trust by 0.5% during the second quarter. National Planning Corp now owns 2,429 shares of the real estate investment trust’s stock worth $275,000 after purchasing an additional 12 shares during the period. Blue Chip Partners Inc. raised its stake in Digital Realty Trust by 0.8% during the second quarter. Blue Chip Partners Inc. now owns 1,842 shares of the real estate investment trust’s stock worth $208,000 after purchasing an additional 15 shares during the period. Shoker Investment Counsel Inc. raised its stake in Digital Realty Trust by 0.8% during the second quarter. Shoker Investment Counsel Inc. now owns 2,034 shares of the real estate investment trust’s stock worth $229,000 after purchasing an additional 17 shares during the period. Carret Asset Management LLC raised its stake in Digital Realty Trust by 1.0% during the second quarter. Carret Asset Management LLC now owns 3,236 shares of the real estate investment trust’s stock worth $366,000 after purchasing an additional 31 shares during the period. Finally, Motco increased its position in shares of Digital Realty Trust by 0.9% in the second quarter. Motco now owns 3,431 shares of the real estate investment trust’s stock worth $388,000 after acquiring an additional 32 shares in the last quarter. 98.54% of the stock is currently owned by institutional investors.

Several equities research analysts have recently issued reports on DLR shares. Barclays reissued a “buy” rating and issued a $132.00 price objective on shares of Digital Realty Trust in a research report on Friday, September 8th. ValuEngine raised shares of Digital Realty Trust from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Cowen reissued a “buy” rating and issued a $126.00 price objective on shares of Digital Realty Trust in a research report on Friday, August 25th. KeyCorp reissued a “buy” rating and issued a $130.00 price objective on shares of Digital Realty Trust in a research report on Friday, August 25th. Finally, BidaskClub raised shares of Digital Realty Trust from a “hold” rating to a “buy” rating in a research report on Thursday, August 24th. Ten analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $125.07.

Shares of Digital Realty Trust, Inc. (NYSE:DLR) opened at $115.31 on Thursday. The firm has a market cap of $23,605.36, a price-to-earnings ratio of 19.21, a P/E/G ratio of 2.88 and a beta of -0.10. Digital Realty Trust, Inc. has a fifty-two week low of $93.39 and a fifty-two week high of $127.23. The company has a current ratio of 0.46, a quick ratio of 0.46 and a debt-to-equity ratio of 0.85.

Digital Realty Trust (NYSE:DLR) last released its quarterly earnings results on Wednesday, October 25th. The real estate investment trust reported $1.51 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.40 by $1.11. The business had revenue of $609.90 million during 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%. The business’s revenue was up 11.6% on a year-over-year basis. During the same period last year, the business earned $1.44 EPS. equities analysts anticipate that Digital Realty Trust, Inc. will post 6.1 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, January 12th. Investors of record on Friday, December 15th will be issued a dividend of $0.93 per share. This represents a $3.72 dividend on an annualized basis and a yield of 3.23%. The ex-dividend date of this dividend is Thursday, December 14th. Digital Realty Trust’s payout ratio is 300.00%.

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About Digital Realty Trust

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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