Bank of New York Mellon Corp raised its stake in Digital Realty Trust Inc. (NYSE:DLR) by 4.8% during the third quarter, according to its most recent disclosure with the SEC. The firm owned 2,972,965 shares of the real estate investment trust’s stock after buying an additional 137,461 shares during the period. Bank of New York Mellon Corp’s holdings in Digital Realty Trust were worth $288,734,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in shares of Digital Realty Trust by 16.9% in the second quarter. Vanguard Group Inc. now owns 25,877,906 shares of the real estate investment trust’s stock valued at $2,820,434,000 after buying an additional 3,744,997 shares in the last quarter. State Street Corp boosted its position in shares of Digital Realty Trust by 61.0% in the second quarter. State Street Corp now owns 8,456,749 shares of the real estate investment trust’s stock valued at $921,701,000 after buying an additional 3,203,272 shares in the last quarter. Ameriprise Financial Inc. boosted its position in shares of Digital Realty Trust by 81.4% in the second quarter. Ameriprise Financial Inc. now owns 1,957,469 shares of the real estate investment trust’s stock valued at $213,345,000 after buying an additional 878,416 shares in the last quarter. PGGM Investments boosted its position in shares of Digital Realty Trust by 60.6% in the third quarter. PGGM Investments now owns 2,194,122 shares of the real estate investment trust’s stock valued at $213,093,000 after buying an additional 828,036 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its position in shares of Digital Realty Trust by 70.3% in the second quarter. JPMorgan Chase & Co. now owns 1,677,260 shares of the real estate investment trust’s stock valued at $182,805,000 after buying an additional 692,533 shares in the last quarter.

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

Shares of Digital Realty Trust Inc. (NYSE:DLR) opened at 93.50 on Wednesday. Digital Realty Trust Inc. has a 52 week low of $69.00 and a 52 week high of $113.21. The stock has a market capitalization of $14.86 billion, a P/E ratio of 64.44 and a beta of 0.14. The company has a 50-day moving average price of $92.19 and a 200 day moving average price of $98.45.

Digital Realty Trust (NYSE:DLR) last issued its quarterly earnings data on Thursday, October 27th. The real estate investment trust reported $1.44 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.44. Digital Realty Trust had a return on equity of 9.81% and a net margin of 15.25%. The firm earned $546.30 million during the quarter, compared to the consensus estimate of $538.82 million. During the same quarter in the previous year, the company posted $1.28 EPS. The business’s revenue for the quarter was up 25.3% compared to the same quarter last year. Analysts forecast that Digital Realty Trust Inc. will post $5.71 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 13th. Shareholders of record on Thursday, December 15th will be given a $0.88 dividend. The ex-dividend date of this dividend is Tuesday, December 13th. This represents a $3.52 annualized dividend and a yield of 3.76%. Digital Realty Trust’s payout ratio is 246.15%.

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Several brokerages recently weighed in on DLR. Jefferies Group decreased their target price on Digital Realty Trust from $115.00 to $109.00 and set a “hold” rating for the company in a research note on Thursday, August 11th. Barclays PLC raised their target price on Digital Realty Trust from $118.00 to $126.00 and gave the company an “overweight” rating in a research note on Friday, August 12th. Morgan Stanley raised Digital Realty Trust from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $103.00 to $104.00 in a research note on Tuesday, November 8th. TheStreet raised Digital Realty Trust from a “hold” rating to a “buy” rating in a research note on Thursday, October 27th. Finally, Zacks Investment Research raised Digital Realty Trust from a “hold” rating to a “buy” rating and set a $108.00 target price for the company in a research note on Thursday, October 20th. Six investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $106.00.

In other news, insider Edward F. Sham sold 14,701 shares of the business’s stock in a transaction on Thursday, September 15th. The stock was sold at an average price of $92.50, for a total transaction of $1,359,842.50. Following the completion of the sale, the insider now owns 19,039 shares in the company, valued at $1,761,107.50. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, SVP Joshua A. Mills sold 4,519 shares of the business’s stock in a transaction on Friday, September 16th. The stock was sold at an average price of $92.22, for a total value of $416,742.18. Following the sale, the senior vice president now owns 8,685 shares of the company’s stock, valued at approximately $800,930.70. The disclosure for this sale can be found here. 0.29% of the stock is owned by company insiders.

About Digital Realty Trust

Digital Realty Trust, Inc is a real estate investment trust (REIT). The Company owns, acquires, develops and manages technology-related real estate. 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.

5 Day Chart for NYSE:DLR

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