Allspring Global Investments Holdings LLC Sells 10,317 Shares of Digital Realty Trust, Inc. (NYSE:DLR)

Allspring Global Investments Holdings LLC trimmed its holdings in Digital Realty Trust, Inc. (NYSE:DLR) by 39.2% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 16,011 shares of the real estate investment trust’s stock after selling 10,317 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Digital Realty Trust were worth $2,591,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Meeder Asset Management Inc. bought a new stake in shares of Digital Realty Trust during the 2nd quarter worth $25,000. Gradient Investments LLC boosted its holdings in shares of Digital Realty Trust by 75.2% during the 2nd quarter. Gradient Investments LLC now owns 177 shares of the real estate investment trust’s stock worth $27,000 after buying an additional 76 shares during the period. American Capital Advisory LLC bought a new stake in shares of Digital Realty Trust during the 2nd quarter worth $27,000. Private Ocean LLC bought a new stake in shares of Digital Realty Trust during the 2nd quarter worth $27,000. Finally, Asset Dedication LLC bought a new stake in shares of Digital Realty Trust during the 2nd quarter worth $31,000. 99.71% of the stock is owned by institutional investors.

Digital Realty Trust Trading Down 0.3 %

Shares of Digital Realty Trust stock opened at $182.80 on Wednesday. The stock has a market capitalization of $59.85 billion, a P/E ratio of 153.61, a price-to-earnings-growth ratio of 5.08 and a beta of 0.60. The company has a quick ratio of 1.78, a current ratio of 1.78 and a debt-to-equity ratio of 0.81. The company has a 50-day simple moving average of $159.07 and a 200 day simple moving average of $151.30. Digital Realty Trust, Inc. has a 12-month low of $121.38 and a 12-month high of $193.88.

Digital Realty Trust (NYSE:DLR) last announced its 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 for the quarter, compared to analyst estimates of $1.43 billion. Digital Realty Trust had a return on equity of 5.93% and a net margin of 20.58%. The company’s revenue for the quarter was up 2.1% compared to the same quarter last year. During the same quarter last year, the business earned $1.62 EPS. Research analysts expect that Digital Realty Trust, Inc. will post 6.65 earnings per share for the current fiscal year.

Digital Realty Trust Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, September 13th were given a dividend of $1.22 per share. This represents a $4.88 dividend on an annualized basis and a dividend yield of 2.67%. The ex-dividend date of this dividend was Friday, September 13th. Digital Realty Trust’s dividend payout ratio (DPR) is currently 410.08%.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on DLR. Jefferies Financial Group upped their price objective on shares of Digital Realty Trust from $190.00 to $205.00 and gave the stock a “buy” rating in a report on Friday, October 25th. Mizuho began coverage on shares of Digital Realty Trust in a report on Thursday, July 11th. They issued an “outperform” rating and a $170.00 price target for the company. Scotiabank increased their price target on shares of Digital Realty Trust from $157.00 to $178.00 and gave the company a “sector perform” rating in a report on Friday, October 25th. TD Cowen increased their price target on shares of Digital Realty Trust from $120.00 to $128.00 and gave the company a “hold” rating in a report on Friday, October 25th. Finally, Raymond James increased their price target on shares of Digital Realty Trust from $170.00 to $190.00 and gave the company a “strong-buy” rating in a report on Friday, October 25th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $167.68.

Insider Buying and Selling

In other Digital Realty Trust news, Director Jean F. H. P. Mandeville sold 600 shares of the firm’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $150.26, for a total value of $90,156.00. Following the completion of the sale, the director now owns 9,055 shares in the company, valued at approximately $1,360,604.30. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.17% of the stock is currently owned by corporate insiders.

About Digital Realty Trust

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.