Whittier Trust Co. Grows Stock Position in Digital Realty Trust, Inc. (NYSE:DLR)

Whittier Trust Co. boosted its stake in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 2.4% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,742 shares of the real estate investment trust’s stock after acquiring an additional 88 shares during the quarter. Whittier Trust Co.’s holdings in Digital Realty Trust were worth $606,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Meeder Asset Management Inc. purchased a new stake in shares of Digital Realty Trust during the second quarter valued at approximately $25,000. Gradient Investments LLC boosted its position in 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 period. American Capital Advisory LLC purchased a new position in shares of Digital Realty Trust in the second quarter valued at about $27,000. Private Ocean LLC bought a new position in shares of Digital Realty Trust during the second quarter valued at about $27,000. Finally, GoalVest Advisory LLC purchased a new stake in shares of Digital Realty Trust during the first quarter worth about $29,000. 99.71% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have commented on DLR. Mizuho assumed coverage on Digital Realty Trust in a research report on Thursday, July 11th. They set an “outperform” rating and a $170.00 price target for the company. The Goldman Sachs Group started coverage on Digital Realty Trust in a research note on Monday, July 1st. They issued a “buy” rating and a $175.00 price target for the company. Argus cut shares of Digital Realty Trust from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Barclays raised their target price on shares of Digital Realty Trust from $130.00 to $135.00 and gave the stock an “underweight” rating in a research report on Thursday, October 10th. Finally, Wells Fargo & Company lifted their target price on shares of Digital Realty Trust from $170.00 to $175.00 and gave the company an “overweight” rating in a research note on Thursday, October 17th. Two analysts have rated the stock with a sell rating, nine have given a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $158.33.

Insider Buying and Selling at Digital Realty Trust

In related news, Director Jean F. H. P. Mandeville sold 600 shares of Digital Realty Trust 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 completion of the sale, the director now owns 9,055 shares of the company’s stock, valued at $1,360,604.30. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 0.17% of the company’s stock.

Digital Realty Trust Trading Up 0.3 %

Digital Realty Trust stock opened at $165.80 on Thursday. Digital Realty Trust, Inc. has a one year low of $116.18 and a one year high of $166.57. The business’s fifty day moving average is $156.77 and its 200 day moving average is $150.27. The stock has a market capitalization of $51.80 billion, a PE ratio of 46.06, a price-to-earnings-growth ratio of 5.08 and a beta of 0.60. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.78 and a quick ratio of 1.78.

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

Digital Realty Trust Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 13th were given a $1.22 dividend. This represents a $4.88 dividend on an annualized basis and a yield of 2.94%. The ex-dividend date of this dividend was Friday, September 13th. Digital Realty Trust’s dividend payout ratio (DPR) is presently 135.56%.

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.