Digital Realty Trust, Inc. (NYSE:DLR) Shares Purchased by Kingsview Wealth Management LLC

Kingsview Wealth Management LLC raised its position in Digital Realty Trust, Inc. (NYSE:DLR) by 11.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,549 shares of the real estate investment trust’s stock after purchasing an additional 272 shares during the quarter. Kingsview Wealth Management LLC’s holdings in Digital Realty Trust were worth $413,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of DLR. Meeder Asset Management Inc. acquired a new position in Digital Realty Trust in the 2nd quarter valued at about $25,000. Gradient Investments LLC boosted its holdings in 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. American Capital Advisory LLC acquired a new position in Digital Realty Trust in the 2nd quarter valued at about $27,000. Private Ocean LLC acquired a new position in Digital Realty Trust in the 2nd quarter valued at about $27,000. Finally, Asset Dedication LLC acquired a new position in Digital Realty Trust in the 2nd quarter valued at about $31,000. 99.71% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have recently commented on DLR. 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. Evercore ISI upped their price objective on shares of Digital Realty Trust from $160.00 to $175.00 and gave the stock an “outperform” rating in a report on Wednesday, October 23rd. Barclays upped their price objective on shares of Digital Realty Trust from $135.00 to $142.00 and gave the stock an “underweight” rating in a report on Monday, November 18th. HSBC upgraded shares of Digital Realty Trust from a “reduce” rating to a “hold” rating and upped their price objective for the stock from $124.00 to $160.00 in a report on Friday, October 4th. Finally, TD Cowen upped their price objective on shares of Digital Realty Trust from $120.00 to $128.00 and gave the stock a “hold” rating in a report on Friday, October 25th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $170.37.

Digital Realty Trust Trading Up 0.6 %

NYSE DLR opened at $195.28 on Friday. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.61 and a quick ratio of 1.61. The firm’s fifty day moving average price is $172.40 and its 200 day moving average price is $157.79. The company has a market capitalization of $64.78 billion, a price-to-earnings ratio of 164.10, a price-to-earnings-growth ratio of 5.12 and a beta of 0.59. Digital Realty Trust, Inc. has a 12 month low of $130.00 and a 12 month high of $195.93.

Digital Realty Trust (NYSE:DLR) last issued its quarterly earnings results on Thursday, October 24th. The real estate investment trust reported $0.09 earnings per share for the quarter, missing analysts’ consensus estimates of $1.67 by ($1.58). The business 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 firm’s revenue for the quarter was up 2.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.62 EPS. On average, sell-side analysts expect that Digital Realty Trust, Inc. will post 6.71 earnings per share for the current fiscal year.

Digital Realty Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 17th. Investors of record on Friday, December 13th will be paid a dividend of $1.22 per share. This represents a $4.88 dividend on an annualized basis and a yield of 2.50%. The ex-dividend date is Friday, December 13th. Digital Realty Trust’s dividend payout ratio is currently 410.08%.

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.