Benedict Financial Advisors Inc. Cuts Position in Digital Realty Trust, Inc. (NYSE:DLR)

Benedict Financial Advisors Inc. reduced its stake in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 2.6% during the 3rd quarter, Holdings Channel.com reports. The firm owned 17,629 shares of the real estate investment trust’s stock after selling 475 shares during the period. Benedict Financial Advisors Inc.’s holdings in Digital Realty Trust were worth $2,853,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in DLR. Trueblood Wealth Management LLC raised its holdings in Digital Realty Trust by 3.1% in the third quarter. Trueblood Wealth Management LLC now owns 2,061 shares of the real estate investment trust’s stock valued at $334,000 after buying an additional 61 shares during the period. Gilman Hill Asset Management LLC raised its position in Digital Realty Trust by 1.1% in the second quarter. Gilman Hill Asset Management LLC now owns 6,179 shares of the real estate investment trust’s stock valued at $940,000 after purchasing an additional 65 shares during the period. Telos Capital Management Inc. raised its position in Digital Realty Trust by 0.8% in the third quarter. Telos Capital Management Inc. now owns 8,569 shares of the real estate investment trust’s stock valued at $1,387,000 after purchasing an additional 71 shares during the period. Gradient Investments LLC lifted its stake in shares of Digital Realty Trust by 75.2% during the second quarter. Gradient Investments LLC now owns 177 shares of the real estate investment trust’s stock worth $27,000 after purchasing an additional 76 shares in the last quarter. Finally, Blackston Financial Advisory Group LLC boosted its position in shares of Digital Realty Trust by 5.0% in the third quarter. Blackston Financial Advisory Group LLC now owns 1,593 shares of the real estate investment trust’s stock worth $258,000 after buying an additional 76 shares during the period. 99.71% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the company. Barclays boosted their price target on Digital Realty Trust from $130.00 to $135.00 and gave the stock an “underweight” rating in a research report on Thursday, October 10th. Hsbc Global Res raised shares of Digital Realty Trust from a “moderate sell” rating to a “hold” rating in a report on Friday, October 4th. Truist Financial upped their price objective on shares of Digital Realty Trust from $160.00 to $168.00 and gave the company a “buy” rating in a research report on Tuesday, August 13th. HSBC raised Digital Realty Trust from a “reduce” rating to a “hold” rating and lifted their target price for the stock from $124.00 to $160.00 in a research report on Friday, October 4th. Finally, Stifel Nicolaus restated a “buy” rating and set a $195.00 price objective (up previously from $185.00) on shares of Digital Realty Trust in a research note on Friday. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $165.21.

Digital Realty Trust Stock Performance

NYSE DLR traded up $15.88 during trading hours on Friday, reaching $181.01. The company’s stock had a trading volume of 6,093,376 shares, compared to its average volume of 1,831,267. The stock has a market cap of $56.55 billion, a PE ratio of 50.28, a PEG ratio of 5.08 and a beta of 0.60. The business has a 50-day simple moving average of $157.70 and a 200 day simple moving average of $150.64. Digital Realty Trust, Inc. has a 52 week low of $116.73 and a 52 week high of $193.88. The company has a current ratio of 1.78, a quick ratio of 1.78 and a debt-to-equity ratio of 0.81.

Digital Realty Trust (NYSE:DLR) last issued its quarterly earnings data on Thursday, July 25th. The real estate investment trust reported $0.20 EPS for the quarter, missing analysts’ consensus estimates 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 the consensus estimate of $1.38 billion. During the same quarter in the previous year, the company earned $1.68 earnings per share. Digital Realty Trust’s quarterly revenue was down .7% compared to the same quarter last year. Equities research analysts predict that Digital Realty Trust, Inc. will post 6.65 earnings per share for the current fiscal year.

Digital Realty Trust Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, September 13th were given a dividend of $1.22 per share. The ex-dividend date of this dividend was Friday, September 13th. This represents a $4.88 annualized dividend and a dividend yield of 2.70%. Digital Realty Trust’s dividend payout ratio is currently 135.56%.

Insider Buying and Selling

In other Digital Realty Trust news, Director Jean F. H. P. Mandeville sold 600 shares of the firm’s stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $150.26, for a total value of $90,156.00. Following the sale, the director now owns 9,055 shares in the company, valued at approximately $1,360,604.30. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 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.