Digital Realty Trust, Inc. $DLR Stock Position Lessened by Integrated Advisors Network LLC

Key Points

• Integrated Advisors Network LLC cut its Digital Realty Trust stake by 79.8% in the third quarter, selling 13,043 shares and retaining 3,311 shares valued at approximately $581,000.
• Analysts remain broadly positive, with Digital Realty holding a “Moderate Buy” consensus rating and an average price target of $219.78; RBC and Cantor Fitzgerald recently raised their targets.
• Digital Realty reported quarterly revenue of $1.92 billion, up 28.9% year over year, but missed the EPS consensus estimate. The company also paid a $1.22 quarterly dividend, equivalent to a 2.8% yield.

Integrated Advisors Network LLC decreased its position in Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 79.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,311 shares of the real estate investment trust's stock after selling 13,043 shares during the quarter. Integrated Advisors Network LLC's holdings in Digital Realty Trust were worth $581,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in DLR. Cherry Creek Investment Advisors Inc. grew its holdings in Digital Realty Trust by 0.3% in the 1st quarter. Cherry Creek Investment Advisors Inc. now owns 18,745 shares of the real estate investment trust's stock valued at $3,378,000 after buying an additional 51 shares in the last quarter. Columbia Bank increased its position in Digital Realty Trust by 0.9% during the 1st quarter. Columbia Bank now owns 6,167 shares of the real estate investment trust's stock worth $1,111,000 after buying an additional 53 shares during the period. GHP Investment Advisors Inc. increased its position in Digital Realty Trust by 9.1% during the 1st quarter. GHP Investment Advisors Inc. now owns 657 shares of the real estate investment trust's stock worth $118,000 after buying an additional 55 shares during the period. Denali Advisors LLC lifted its holdings in shares of Digital Realty Trust by 1.3% during the second quarter. Denali Advisors LLC now owns 4,359 shares of the real estate investment trust's stock worth $783,000 after buying an additional 56 shares in the last quarter. Finally, Twin Capital Management Inc. lifted its holdings in shares of Digital Realty Trust by 1.1% during the first quarter. Twin Capital Management Inc. now owns 5,618 shares of the real estate investment trust's stock worth $1,012,000 after buying an additional 59 shares in the last quarter. Institutional investors and hedge funds own 99.71% of the company's stock.

Analyst Ratings Changes

A number of analysts have issued reports on DLR shares. Citigroup reissued a "market outperform" rating on shares of Digital Realty Trust in a report on Friday, July 24th. KeyCorp reaffirmed a "sector weight" rating on shares of Digital Realty Trust in a report on Friday, July 24th. Royal Bank Of Canada lifted their price target on shares of Digital Realty Trust from $207.00 to $227.00 and gave the company an "outperform" rating in a research report on Monday, July 27th. Wall Street Zen upgraded Digital Realty Trust from a "sell" rating to a "hold" rating in a research note on Saturday, July 25th. Finally, Cantor Fitzgerald increased their price target on Digital Realty Trust from $211.00 to $221.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 29th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating and six have given a Hold rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $219.78.

Digital Realty Trust Price Performance

Shares of NYSE:DLR opened at $172.51 on Friday. The firm has a 50 day moving average of $182.88 and a 200-day moving average of $186.93. The stock has a market capitalization of $64.00 billion, a PE ratio of 21.58, a PEG ratio of 3.29 and a beta of 0.99. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.68. Digital Realty Trust, Inc. has a 12 month low of $146.23 and a 12 month high of $208.14.

Digital Realty Trust (NYSE:DLR - Get Free Report) last posted its quarterly earnings results on Thursday, July 23rd. The real estate investment trust reported $1.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.98 by ($0.77). The firm had revenue of $1.92 billion for the quarter, compared to analyst estimates of $1.66 billion. Digital Realty Trust had a return on equity of 3.34% and a net margin of 11.80%. The business's revenue was up 28.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.87 EPS. On average, equities research analysts predict that Digital Realty Trust, Inc. will post 8.37 EPS for the current fiscal year.

Digital Realty Trust Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th were paid a dividend of $1.22 per share. The ex-dividend date was Tuesday, September 15th. This represents a $4.88 annualized dividend and a yield of 2.8%. Digital Realty Trust's dividend payout ratio is presently 236.89%.

Insiders Place Their Bets

In other Digital Realty Trust news, Director Mark Patterson sold 200 shares of the firm's stock in a transaction on Thursday, August 27th. The stock was sold at an average price of $193.96, for a total value of $38,792.00. Following the sale, the director owned 6,322 shares of the company's stock, valued at approximately $1,226,215.12. This trade represents a 3.07% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.15% of the stock is owned by insiders.

Digital Realty Trust Company Profile

Digital Realty Trust, Inc is a real estate investment trust that owns, operates and develops data center facilities for businesses, cloud service providers, information technology companies and telecommunications organizations. The company provides the physical infrastructure needed to support data storage, networking, cloud computing and other digital operations.

Its services include data center colocation, interconnection and private connectivity solutions. Digital Realty also offers access to cloud and network providers through its PlatformDIGITAL platform, which is designed to help customers deploy, connect and manage their digital infrastructure across multiple locations.

Founded in 2001, Digital Realty serves customers through a global portfolio of data centers and related facilities across North America, Europe, Asia-Pacific and Latin America.

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