Franklin Street Advisors Inc. NC Sells 2,153 Shares of Digital Realty Trust, Inc. (NYSE:DLR)

Franklin Street Advisors Inc. NC lowered its stake in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 3.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 61,963 shares of the real estate investment trust’s stock after selling 2,153 shares during the period. Franklin Street Advisors Inc. NC’s holdings in Digital Realty Trust were worth $10,988,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Meeder Asset Management Inc. bought a new stake in Digital Realty Trust during the second quarter valued at $25,000. Adirondack Trust Co. lifted its position in Digital Realty Trust by 68.6% during the third quarter. Adirondack Trust Co. now owns 199 shares of the real estate investment trust’s stock valued at $32,000 after purchasing an additional 81 shares during the last quarter. Versant Capital Management Inc increased its holdings in shares of Digital Realty Trust by 480.6% in the 4th quarter. Versant Capital Management Inc now owns 209 shares of the real estate investment trust’s stock worth $37,000 after buying an additional 173 shares during the last quarter. Future Financial Wealth Managment LLC purchased a new stake in shares of Digital Realty Trust during the 3rd quarter valued at $38,000. Finally, Dunhill Financial LLC grew its position in Digital Realty Trust by 84.4% in the third quarter. Dunhill Financial LLC now owns 271 shares of the real estate investment trust’s stock worth $44,000 after acquiring an additional 124 shares in the last quarter. 99.71% of the stock is currently owned by institutional investors.

Digital Realty Trust Stock Performance

NYSE:DLR traded down $4.91 on Friday, hitting $175.96. The stock had a trading volume of 713,136 shares, compared to its average volume of 1,586,402. The business’s 50-day simple moving average is $183.52 and its two-hundred day simple moving average is $165.59. The stock has a market cap of $58.37 billion, a price-to-earnings ratio of 147.87, a price-to-earnings-growth ratio of 4.97 and a beta of 0.64. Digital Realty Trust, Inc. has a 52-week low of $131.42 and a 52-week high of $198.00. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 0.81.

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 business 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%. The business’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same period in the previous year, the business posted $1.62 EPS. As a group, research analysts predict that Digital Realty Trust, Inc. will post 6.71 earnings per share for the current year.

Digital Realty Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 17th. Stockholders of record on Friday, December 13th will be paid a $1.22 dividend. This represents a $4.88 annualized dividend and a dividend yield of 2.77%. The ex-dividend date of this dividend is Friday, December 13th. Digital Realty Trust’s dividend payout ratio (DPR) is currently 410.08%.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on DLR. JPMorgan Chase & Co. upped their price objective on Digital Realty Trust from $180.00 to $185.00 and gave the stock an “overweight” rating in a report on Friday, October 25th. TD Cowen increased their price objective on Digital Realty Trust from $120.00 to $128.00 and gave the stock a “hold” rating in a report on Friday, October 25th. Raymond James upped their target price on Digital Realty Trust from $170.00 to $190.00 and gave the company a “strong-buy” rating in a report on Friday, October 25th. UBS Group raised shares of Digital Realty Trust from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $147.00 to $205.00 in a research report on Tuesday. Finally, Wells Fargo & Company lifted their target price on shares of Digital Realty Trust from $185.00 to $210.00 and gave the company an “overweight” rating in a research note on Tuesday, December 10th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $174.74.

Insider Activity

In related 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.17% of the company’s stock.

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.