Rowlandmiller & PARTNERS.ADV Reduces Stock Position in Digital Realty Trust, Inc. (NYSE:DLR)

Rowlandmiller & PARTNERS.ADV reduced its holdings in Digital Realty Trust, Inc. (NYSE:DLR) by 2.6% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,579 shares of the real estate investment trust’s stock after selling 149 shares during the period. Rowlandmiller & PARTNERS.ADV’s holdings in Digital Realty Trust were worth $903,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Meeder Asset Management Inc. purchased a new position in shares of Digital Realty Trust in the 2nd quarter worth $25,000. Gradient Investments LLC boosted its stake 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 worth $27,000 after purchasing an additional 76 shares during the period. American Capital Advisory LLC purchased a new position in shares of Digital Realty Trust during the 2nd quarter worth about $27,000. Private Ocean LLC purchased a new position in shares of Digital Realty Trust during the 2nd quarter worth about $27,000. Finally, GoalVest Advisory LLC purchased a new position in shares of Digital Realty Trust during the 1st quarter worth about $29,000. 99.71% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the stock. Stifel Nicolaus lifted their price target on shares of Digital Realty Trust from $165.00 to $175.00 and gave the stock a “buy” rating in a research note on Friday, July 12th. JPMorgan Chase & Co. lifted their price target on shares of Digital Realty Trust from $175.00 to $180.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 1st. Truist Financial lifted their price target on shares of Digital Realty Trust from $160.00 to $168.00 and gave the stock a “buy” rating in a research note on Tuesday, August 13th. Wells Fargo & Company boosted their price objective on shares of Digital Realty Trust from $170.00 to $175.00 and gave the company an “overweight” rating in a research report on Thursday, October 17th. Finally, Barclays boosted their price objective on shares of Digital Realty Trust from $130.00 to $135.00 and gave the company an “underweight” rating in a research report on Thursday, October 10th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $158.33.

Digital Realty Trust Trading Down 0.3 %

NYSE DLR opened at $165.23 on Friday. 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 $116.18 and a 52 week high of $166.60. The firm has a market cap of $51.62 billion, a PE ratio of 45.90, a price-to-earnings-growth ratio of 5.08 and a beta of 0.60. The company has a 50 day moving average price of $156.77 and a 200 day moving average price of $150.27.

Digital Realty Trust (NYSE:DLR) last issued 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). Digital Realty Trust had a net margin of 20.58% and a return on equity of 5.93%. The company had revenue of $1.36 billion for the quarter, compared to analyst estimates of $1.38 billion. During the same quarter in the previous year, the company posted $1.68 EPS. The company’s revenue for the quarter was down .7% compared to the same quarter last year. As a group, sell-side analysts forecast that Digital Realty Trust, Inc. will post 6.65 EPS for the current fiscal year.

Digital Realty Trust Dividend Announcement

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

Insider Buying and Selling at Digital Realty Trust

In other news, Director Jean F. H. P. Mandeville sold 600 shares of the company’s stock in a transaction 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 directly owns 9,055 shares of the company’s stock, valued at $1,360,604.30. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.17% of the stock is currently owned by company insiders.

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.