Advisors Management Group Inc. ADV Reduces Stock Position in Digital Realty Trust, Inc. (NYSE:DLR)

Advisors Management Group Inc. ADV decreased its stake in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 0.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,216 shares of the real estate investment trust’s stock after selling 58 shares during the period. Advisors Management Group Inc. ADV’s holdings in Digital Realty Trust were worth $1,168,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in DLR. Meeder Asset Management Inc. purchased a new position in shares of Digital Realty Trust in the 2nd quarter worth about $25,000. Gradient Investments LLC increased 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 purchasing an additional 76 shares during the last quarter. American Capital Advisory LLC purchased a new stake in shares of Digital Realty Trust in the 2nd quarter worth $27,000. Private Ocean LLC purchased a new position in Digital Realty Trust during the second quarter valued at approximately $27,000. Finally, Asset Dedication LLC purchased a new position in shares of Digital Realty Trust during the 2nd quarter valued at $31,000. Hedge funds and other institutional investors own 99.71% of the company’s stock.

Analyst Ratings Changes

DLR has been the subject of several research reports. Royal Bank of Canada increased their price objective on shares of Digital Realty Trust from $177.00 to $207.00 and gave the company an “outperform” rating in a report on Monday, October 28th. Hsbc Global Res upgraded Digital Realty Trust from a “moderate sell” rating to a “hold” rating in a research report on Friday, October 4th. Scotiabank lifted their price target on shares of Digital Realty Trust from $157.00 to $178.00 and gave the company a “sector perform” rating in a research note on Friday, October 25th. Jefferies Financial Group upped their price target on shares of Digital Realty Trust from $190.00 to $205.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. Finally, TD Cowen lifted their price objective on shares of Digital Realty Trust from $120.00 to $128.00 and gave the company a “hold” rating in a report on Friday, October 25th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Digital Realty Trust currently has an average rating of “Hold” and a consensus price target of $167.68.

Digital Realty Trust Stock Performance

Shares of DLR stock opened at $173.62 on Thursday. The business has a fifty day moving average of $162.36 and a 200 day moving average of $152.93. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.61 and a quick ratio of 1.78. The firm has a market capitalization of $57.59 billion, a price-to-earnings ratio of 145.90, a price-to-earnings-growth ratio of 5.66 and a beta of 0.59. Digital Realty Trust, Inc. has a 1 year low of $126.22 and a 1 year high of $193.88.

Digital Realty Trust (NYSE:DLR) last posted its quarterly earnings results 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 for 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 prior year, the business posted $1.62 earnings per share. As a group, research analysts expect that Digital Realty Trust, Inc. will post 6.7 earnings per share for the current year.

Digital Realty Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 17th. Shareholders of record on Friday, December 13th will be given a $1.22 dividend. The ex-dividend date is Friday, December 13th. This represents a $4.88 dividend on an annualized basis and a dividend yield of 2.81%. Digital Realty Trust’s dividend payout ratio (DPR) is currently 410.08%.

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.