Atlantic Union Bankshares Corp Sells 205 Shares of Digital Realty Trust, Inc. (NYSE:DLR)

Atlantic Union Bankshares Corp lowered its stake in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 1.9% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 10,507 shares of the real estate investment trust’s stock after selling 205 shares during the period. Atlantic Union Bankshares Corp’s holdings in Digital Realty Trust were worth $1,700,000 as of its most recent filing with the SEC.

Other hedge funds have also added to or reduced their stakes in the company. Meeder Asset Management Inc. bought a new stake in shares of Digital Realty Trust in the 2nd quarter worth approximately $25,000. Gradient Investments LLC lifted its position in shares of Digital Realty Trust by 75.2% during the 2nd quarter. Gradient Investments LLC now owns 177 shares of the real estate investment trust’s stock valued at $27,000 after buying an additional 76 shares during the last quarter. American Capital Advisory LLC purchased a new position in shares of Digital Realty Trust during the 2nd quarter valued at $27,000. Private Ocean LLC bought a new position in shares of Digital Realty Trust during the 2nd quarter worth $27,000. Finally, Asset Dedication LLC purchased a new stake in Digital Realty Trust in the 2nd quarter worth about $31,000. Institutional investors own 99.71% of the company’s stock.

Digital Realty Trust Stock Performance

NYSE DLR opened at $195.69 on Friday. Digital Realty Trust, Inc. has a 52-week low of $130.00 and a 52-week high of $198.00. The company has a fifty day moving average of $173.14 and a 200-day moving average of $158.15. The company has a market capitalization of $64.91 billion, a P/E ratio of 164.45, a P/E/G ratio of 5.18 and a beta of 0.59. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.61 and a current ratio of 1.61.

Digital Realty Trust (NYSE:DLR) last posted its quarterly earnings data on Thursday, October 24th. The real estate investment trust reported $0.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.67 by ($1.58). The firm had revenue of $1.43 billion during the quarter, compared to analysts’ expectations of $1.43 billion. Digital Realty Trust had a return on equity of 2.24% and a net margin of 8.04%. Digital Realty Trust’s revenue for the quarter was up 2.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.62 earnings per share. As a group, equities research analysts predict that Digital Realty Trust, Inc. will post 6.71 EPS for the current fiscal year.

Digital Realty Trust Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 17th. Shareholders of record on Friday, December 13th will be paid a dividend of $1.22 per share. This represents a $4.88 annualized dividend and a dividend yield of 2.49%. The ex-dividend date of this dividend is Friday, December 13th. Digital Realty Trust’s dividend payout ratio (DPR) is presently 410.08%.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. JPMorgan Chase & Co. increased their target price on shares of Digital Realty Trust from $180.00 to $185.00 and gave the stock an “overweight” rating in a research report on Friday, October 25th. Hsbc Global Res upgraded shares of Digital Realty Trust from a “moderate sell” rating to a “hold” rating in a research note on Friday, October 4th. Raymond James boosted their target price on shares of Digital Realty Trust from $170.00 to $190.00 and gave the company a “strong-buy” rating in a report on Friday, October 25th. HSBC upgraded Digital Realty Trust from a “reduce” rating to a “hold” rating and lifted their price target for the company from $124.00 to $160.00 in a research report on Friday, October 4th. Finally, Stifel Nicolaus increased their price objective on Digital Realty Trust from $195.00 to $205.00 and gave the stock a “buy” rating in a report on Thursday, November 21st. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $170.37.

Digital Realty Trust 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.