7,797 Digital Realty Trust, Inc. $DLR Shares Sold by AEGON ASSET MANAGEMENT UK Plc

Key Points

• AEGON Asset Management UK cut its Digital Realty Trust stake by 14.6% in the third quarter, selling 7,797 shares. It retained 45,565 shares valued at about $8.0 million.
• Analysts have a consensus “Moderate Buy” rating on the stock, with an average price target of $221.53.
• Digital Realty reported quarterly revenue of $1.90 billion, up 20.6% year over year and above expectations, while earnings per share of $0.48 fell short of the $0.52 consensus estimate.

AEGON ASSET MANAGEMENT UK Plc lowered its stake in Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 14.6% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 45,565 shares of the real estate investment trust's stock after selling 7,797 shares during the quarter. AEGON ASSET MANAGEMENT UK Plc's holdings in Digital Realty Trust were worth $7,998,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also modified their holdings of DLR. BlackRock Inc. purchased a new stake in shares of Digital Realty Trust during the 2nd quarter worth $7,277,032,000. Bank of America Corp DE raised its stake in Digital Realty Trust by 6.0% during the 1st quarter. Bank of America Corp DE now owns 9,470,695 shares of the real estate investment trust's stock valued at $1,706,714,000 after acquiring an additional 534,158 shares during the last quarter. Canada Pension Plan Investment Board acquired a new stake in shares of Digital Realty Trust during the second quarter worth $1,178,095,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Digital Realty Trust by 17,256.9% in the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,890,993 shares of the real estate investment trust's stock valued at $878,325,000 after acquiring an additional 4,862,814 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in Digital Realty Trust by 0.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 4,850,416 shares of the real estate investment trust's stock valued at $874,046,000 after purchasing an additional 35,850 shares in the last quarter. Hedge funds and other institutional investors own 99.71% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. Mizuho set a $223.00 target price on shares of Digital Realty Trust in a research report on Monday, August 10th. Wall Street Zen upgraded shares of Digital Realty Trust from a "sell" rating to a "hold" rating in a research note on Saturday, July 25th. Weiss Ratings cut shares of Digital Realty Trust from a "hold (c+)" rating to a "hold (c)" rating in a research note on Monday, November 2nd. KeyCorp reissued a "sector weight" rating on shares of Digital Realty Trust in a report on Friday, July 24th. Finally, BTIG Research upped their target price on shares of Digital Realty Trust from $215.00 to $220.00 and gave the stock a "buy" rating in a research report on Thursday, September 10th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-six have given a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $221.53.

Digital Realty Trust Stock Performance

Shares of NYSE DLR opened at $180.03 on Tuesday. The company has a 50-day simple moving average of $180.00 and a 200-day simple moving average of $183.44. The company has a debt-to-equity ratio of 0.70, a current ratio of 0.72 and a quick ratio of 1.06. The company has a market cap of $68.11 billion, a PE ratio of 75.33, a price-to-earnings-growth ratio of 3.61 and a beta of 0.97. Digital Realty Trust, Inc. has a 12 month low of $146.23 and a 12 month high of $208.14.

Digital Realty Trust (NYSE:DLR - Get Free Report) last released its earnings results on Thursday, October 29th. The real estate investment trust reported $0.48 earnings per share for the quarter, missing the consensus estimate of $0.52 by ($0.04). The business had revenue of $1.90 billion for the quarter, compared to analysts' expectations of $1.75 billion. Digital Realty Trust had a return on equity of 3.68% and a net margin of 13.06%. The business's quarterly revenue was up 20.6% compared to the same quarter last year. During the same quarter last year, the company posted $1.89 earnings per share. On average, equities analysts anticipate that Digital Realty Trust, Inc. will post 8.42 earnings per share for the current year.

Insider Transactions at Digital Realty Trust

In related news, Director Mark Patterson sold 200 shares of the company's stock in a transaction that occurred on Thursday, August 27th. The shares were sold at an average price of $193.96, for a total transaction of $38,792.00. Following the completion of the transaction, the director owned 6,322 shares of the company's stock, valued at approximately $1,226,215.12. This represents a 3.07% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.15% of the company's stock.

Digital Realty Trust Profile

Digital Realty Trust, Inc is a real estate investment trust that owns, operates and develops data centers. Its facilities support customers' IT infrastructure, including the equipment and systems used to store, process and exchange digital information.

The company provides data center space and related services, including colocation, interconnection and access to cloud and network providers. Its PlatformDIGITAL offering connects businesses with customers, partners and service providers across its data center portfolio.

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