Fifth Third Bancorp Trims Stake in Digital Realty Trust, Inc. (NYSE:DLR)

Fifth Third Bancorp lessened its holdings in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 2.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 39,048 shares of the real estate investment trust’s stock after selling 825 shares during the period. Fifth Third Bancorp’s holdings in Digital Realty Trust were worth $6,924,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of DLR. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Digital Realty Trust by 501.7% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,326,914 shares of the real estate investment trust’s stock valued at $700,224,000 after acquiring an additional 3,607,802 shares during the last quarter. Pathway Financial Advisers LLC lifted its holdings in Digital Realty Trust by 15,301.1% during the 3rd quarter. Pathway Financial Advisers LLC now owns 1,850,292 shares of the real estate investment trust’s stock valued at $299,433,000 after buying an additional 1,838,278 shares in the last quarter. Point72 Asset Management L.P. purchased a new stake in Digital Realty Trust in the 3rd quarter valued at about $132,980,000. Ghisallo Capital Management LLC bought a new position in Digital Realty Trust in the 2nd quarter worth about $76,025,000. Finally, Sycomore Asset Management purchased a new position in shares of Digital Realty Trust during the third quarter worth approximately $80,915,000. Institutional investors own 99.71% of the company’s stock.

Insider Buying and Selling

In other news, CFO Matt Mercier sold 2,518 shares of the company’s stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $187.40, for a total value of $471,873.20. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.17% of the stock is owned by corporate insiders.

Digital Realty Trust Trading Down 1.6 %

NYSE DLR opened at $180.56 on Monday. The stock has a market cap of $59.89 billion, a P/E ratio of 151.73, a P/E/G ratio of 4.64 and a beta of 0.64. The company has a current ratio of 1.61, a quick ratio of 1.61 and a debt-to-equity ratio of 0.81. Digital Realty Trust, Inc. has a 12-month low of $131.42 and a 12-month high of $198.00. The company has a fifty day simple moving average of $183.37 and a two-hundred day simple moving average of $167.82.

Digital Realty Trust (NYSE:DLR) last issued its quarterly earnings results 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 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 2.24% and a net margin of 8.04%. The business’s revenue was up 2.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.62 EPS. On average, analysts forecast that Digital Realty Trust, Inc. will post 6.71 earnings per share for the current year.

Digital Realty Trust Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, January 17th. Investors of record on Friday, December 13th were given a $1.22 dividend. The ex-dividend date of this dividend was Friday, December 13th. This represents a $4.88 dividend on an annualized basis and a yield of 2.70%. Digital Realty Trust’s dividend payout ratio is currently 410.08%.

Analyst Upgrades and Downgrades

Several research analysts have commented on DLR shares. Scotiabank raised their price objective on Digital Realty Trust from $178.00 to $208.00 and gave the stock a “sector perform” rating in a report on Thursday. HSBC upgraded Digital Realty Trust from a “reduce” rating to a “hold” rating and lifted their price objective for the company from $124.00 to $160.00 in a report on Friday, October 4th. Hsbc Global Res upgraded shares of Digital Realty Trust from a “moderate sell” rating to a “hold” rating in a report on Friday, October 4th. JPMorgan Chase & Co. boosted their price target on shares of Digital Realty Trust from $180.00 to $185.00 and gave the company an “overweight” rating in a report on Friday, October 25th. Finally, TD Cowen increased their price objective on shares of Digital Realty Trust from $120.00 to $128.00 and gave the company a “hold” rating in a research note on Friday, October 25th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $178.89.

Digital Realty Trust Profile

Digital Realty Trust, Inc operates as a real estate investment trust, which engages in the provision of data center, colocation and interconnection solutions. It serves the following industries: artificial intelligence (AI), networks, cloud, digital media, mobile, financial services, healthcare, and gaming.