Dynamic Advisor Solutions LLC Buys 320 Shares of Digital Realty Trust, Inc. (NYSE:DLR)

Dynamic Advisor Solutions LLC boosted its stake in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 0.9% in the third quarter, Holdings Channel reports. The institutional investor owned 36,878 shares of the real estate investment trust’s stock after purchasing an additional 320 shares during the period. Dynamic Advisor Solutions LLC’s holdings in Digital Realty Trust were worth $5,968,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in DLR. Prudential PLC raised its position in shares of Digital Realty Trust by 41.6% in the 4th quarter. Prudential PLC now owns 11,099 shares of the real estate investment trust’s stock worth $1,494,000 after purchasing an additional 3,262 shares during the last quarter. Elo Mutual Pension Insurance Co lifted its stake in shares of Digital Realty Trust by 8.4% in the fourth quarter. Elo Mutual Pension Insurance Co now owns 26,428 shares of the real estate investment trust’s stock worth $3,557,000 after buying an additional 2,043 shares in the last quarter. MGO One Seven LLC increased its position in shares of Digital Realty Trust by 1.7% during the fourth quarter. MGO One Seven LLC now owns 17,026 shares of the real estate investment trust’s stock valued at $2,291,000 after acquiring an additional 290 shares in the last quarter. Concentric Wealth Management LLC raised its holdings in Digital Realty Trust by 1.3% in the 4th quarter. Concentric Wealth Management LLC now owns 35,991 shares of the real estate investment trust’s stock worth $4,844,000 after acquiring an additional 465 shares during the last quarter. Finally, Gladstone Capital Management LLP lifted its position in Digital Realty Trust by 9.3% in the 4th quarter. Gladstone Capital Management LLP now owns 769,977 shares of the real estate investment trust’s stock valued at $103,624,000 after acquiring an additional 65,546 shares in the last quarter. Hedge funds and other institutional investors own 99.71% of the company’s stock.

Digital Realty Trust Stock Performance

Shares of DLR opened at $158.28 on Wednesday. The business has a 50-day simple moving average of $153.56 and a two-hundred day simple moving average of $148.55. The company has a quick ratio of 1.78, a current ratio of 1.78 and a debt-to-equity ratio of 0.81. Digital Realty Trust, Inc. has a 52 week low of $113.94 and a 52 week high of $165.17. The stock has a market cap of $49.45 billion, a price-to-earnings ratio of 43.97, a PEG ratio of 5.14 and a beta of 0.60.

Digital Realty Trust (NYSE:DLR) last released its earnings results on Thursday, July 25th. The real estate investment trust reported $0.20 EPS for the quarter, missing analysts’ consensus estimates of $1.63 by ($1.43). The firm had revenue of $1.36 billion for the quarter, compared to the consensus estimate of $1.38 billion. Digital Realty Trust had a return on equity of 5.93% and a net margin of 20.58%. Digital Realty Trust’s revenue was down .7% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.68 EPS. On average, analysts expect that Digital Realty Trust, Inc. will post 6.65 EPS for the current year.

Digital Realty Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 13th were paid a $1.22 dividend. The ex-dividend date was Friday, September 13th. This represents a $4.88 dividend on an annualized basis and a yield of 3.08%. Digital Realty Trust’s payout ratio is presently 135.56%.

Insider Buying and Selling at Digital Realty Trust

In other news, Director Jean F. H. P. Mandeville sold 600 shares of the company’s stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $150.26, for a total value of $90,156.00. Following the completion of the transaction, the director now owns 9,055 shares of the company’s stock, valued at $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 at this hyperlink. Insiders own 0.17% of the company’s stock.

Analyst Ratings Changes

A number of analysts have commented on the company. JPMorgan Chase & Co. lifted their target price on Digital Realty Trust from $175.00 to $180.00 and gave the stock an “overweight” rating in a report on Tuesday, October 1st. Barclays boosted their target price on Digital Realty Trust from $123.00 to $130.00 and gave the stock an “underweight” rating in a research report on Wednesday, July 24th. Wells Fargo & Company raised their price target on shares of Digital Realty Trust from $155.00 to $170.00 and gave the company an “overweight” rating in a report on Tuesday, July 23rd. Stifel Nicolaus boosted their price objective on shares of Digital Realty Trust from $165.00 to $175.00 and gave the company a “buy” rating in a report on Friday, July 12th. Finally, Argus cut shares of Digital Realty Trust from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $156.61.

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.