Global Retirement Partners LLC Raises Stock Holdings in Digital Realty Trust, Inc. (NYSE:DLR)

Global Retirement Partners LLC boosted its position in Digital Realty Trust, Inc. (NYSE:DLR) by 2.6% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 9,946 shares of the real estate investment trust’s stock after purchasing an additional 252 shares during the quarter. Global Retirement Partners LLC’s holdings in Digital Realty Trust were worth $1,610,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Cornerstone Wealth Management LLC acquired a new position in shares of Digital Realty Trust during the third quarter worth $202,000. IQ EQ FUND MANAGEMENT IRELAND Ltd purchased a new position in Digital Realty Trust during the 3rd quarter worth approximately $1,795,000. Sumitomo Life Insurance Co. lifted its position in Digital Realty Trust by 3.0% during the third quarter. Sumitomo Life Insurance Co. now owns 6,815 shares of the real estate investment trust’s stock valued at $1,103,000 after purchasing an additional 199 shares during the period. Jamison Private Wealth Management Inc. lifted its holdings in shares of Digital Realty Trust by 6.9% in the 3rd quarter. Jamison Private Wealth Management Inc. now owns 28,608 shares of the real estate investment trust’s stock valued at $4,630,000 after buying an additional 1,841 shares during the period. Finally, Foster Victor Wealth Advisors LLC boosted its stake in shares of Digital Realty Trust by 3.8% in the third quarter. Foster Victor Wealth Advisors LLC now owns 38,263 shares of the real estate investment trust’s stock worth $6,089,000 after buying an additional 1,409 shares during the last quarter. 99.71% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

DLR has been the topic of several recent research reports. Stifel Nicolaus upped their price objective on Digital Realty Trust from $165.00 to $175.00 and gave the stock a “buy” rating in a research report on Friday, July 12th. Argus lowered shares of Digital Realty Trust from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Wells Fargo & Company lifted their target price on shares of Digital Realty Trust from $170.00 to $175.00 and gave the stock an “overweight” rating in a research note on Thursday. Mizuho assumed coverage on Digital Realty Trust in a report on Thursday, July 11th. They set an “outperform” rating and a $170.00 target price on the stock. Finally, JPMorgan Chase & Co. boosted their price target on shares of Digital Realty Trust from $175.00 to $180.00 and gave the company an “overweight” rating in a research report on Tuesday, October 1st. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $157.17.

Digital Realty Trust Stock Performance

Shares of DLR stock opened at $165.35 on Friday. The firm has a 50 day moving average of $155.83 and a two-hundred day moving average of $149.69. The stock has a market capitalization of $51.66 billion, a PE ratio of 45.93, a P/E/G ratio of 5.08 and a beta of 0.60. 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 $165.65.

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 the consensus estimate of $1.63 by ($1.43). Digital Realty Trust had a return on equity of 5.93% and a net margin of 20.58%. The company had revenue of $1.36 billion for the quarter, compared to analyst estimates of $1.38 billion. During the same period in the previous year, the firm earned $1.68 earnings per share. The company’s revenue for the quarter was down .7% compared to the same quarter last year. On average, research analysts predict that Digital Realty Trust, Inc. will post 6.65 EPS for the current fiscal year.

Digital Realty Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, September 13th were issued a $1.22 dividend. The ex-dividend date was Friday, September 13th. This represents a $4.88 dividend on an annualized basis and a dividend yield of 2.95%. Digital Realty Trust’s payout ratio is 135.56%.

Insider Transactions at Digital Realty Trust

In related news, Director Jean F. H. P. Mandeville sold 600 shares of the stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $150.26, for a total value of $90,156.00. Following 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 filing with the SEC, which is available through this hyperlink. Corporate insiders own 0.17% of the company’s stock.

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.