Allspring Global Investments Holdings LLC Has $2.59 Million Holdings in Digital Realty Trust, Inc. (NYSE:DLR)

Allspring Global Investments Holdings LLC lessened its holdings in Digital Realty Trust, Inc. (NYSE:DLR) by 39.2% during the 3rd quarter, Holdings Channel reports. The firm 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 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Meeder Asset Management Inc. bought a new position in shares of Digital Realty Trust in the 2nd quarter valued at about $25,000. American Capital Advisory LLC bought a new position in shares of Digital Realty Trust in the 2nd quarter valued at about $27,000. Private Ocean LLC bought a new position in shares of Digital Realty Trust in the 2nd quarter valued at about $27,000. Gradient Investments LLC boosted its stake in shares of Digital Realty Trust by 75.2% in the 2nd quarter. Gradient Investments LLC now owns 177 shares of the real estate investment trust’s stock valued at $27,000 after purchasing an additional 76 shares during the last quarter. Finally, Adirondack Trust Co. boosted its stake in shares of Digital Realty Trust by 68.6% in the 3rd quarter. Adirondack Trust Co. now owns 199 shares of the real estate investment trust’s stock valued at $32,000 after purchasing an additional 81 shares during the last quarter. Institutional investors own 99.71% of the company’s stock.

Digital Realty Trust Stock Performance

Shares of DLR stock opened at $182.80 on Wednesday. The company’s fifty day simple moving average is $159.07 and its 200-day simple moving average is $151.30. 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 firm has a market cap of $59.85 billion, a PE ratio of 153.61, a P/E/G ratio of 5.08 and a beta of 0.60. 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 quarterly earnings data on Thursday, October 24th. The real estate investment trust reported $0.09 EPS for the quarter, missing analysts’ consensus estimates of $1.67 by ($1.58). The business 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 5.93% and a net margin of 20.58%. The business’s revenue for the quarter was up 2.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.62 EPS. Equities research analysts expect that Digital Realty Trust, Inc. will post 6.65 EPS for the current fiscal year.

Digital Realty Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, September 13th were given a $1.22 dividend. This represents a $4.88 dividend on an annualized basis and a dividend yield of 2.67%. The ex-dividend date was Friday, September 13th. Digital Realty Trust’s dividend payout ratio is presently 410.08%.

Insider Transactions at Digital Realty Trust

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

Analysts Set New Price Targets

Several brokerages have recently issued reports on DLR. Barclays raised their target price on shares of Digital Realty Trust from $130.00 to $135.00 and gave the company an “underweight” rating in a research note on Thursday, October 10th. Jefferies Financial Group lifted their price objective on shares of Digital Realty Trust from $190.00 to $205.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. Wells Fargo & Company lifted their price objective on shares of Digital Realty Trust from $175.00 to $185.00 and gave the stock an “overweight” rating in a research note on Friday, October 25th. Stifel Nicolaus reissued a “buy” rating and set a $195.00 price objective (up previously from $185.00) on shares of Digital Realty Trust in a research note on Friday, October 25th. Finally, Scotiabank lifted their price objective 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. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $167.68.

Digital Realty Trust Company 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.