Carret Asset Management LLC Decreases Stock Position in Digital Realty Trust, Inc. (NYSE:DLR)

Carret Asset Management LLC lessened its position in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 7.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,120 shares of the real estate investment trust’s stock after selling 500 shares during the period. Carret Asset Management LLC’s holdings in Digital Realty Trust were worth $990,000 at the end of the most recent reporting period.

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

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. Stifel Nicolaus reiterated a “buy” rating and issued a $195.00 price target (up from $185.00) on shares of Digital Realty Trust in a research report on Friday. The Goldman Sachs Group began coverage on Digital Realty Trust in a research report on Monday, July 1st. They set a “buy” rating and a $175.00 price target on the stock. Jefferies Financial Group raised their price objective on shares of Digital Realty Trust from $190.00 to $205.00 and gave the company a “buy” rating in a research report on Friday. TD Cowen upped their target price on shares of Digital Realty Trust from $120.00 to $128.00 and gave the stock a “hold” rating in a report on Friday. Finally, HSBC upgraded shares of Digital Realty Trust from a “reduce” rating to a “hold” rating and increased their target price for the stock from $124.00 to $160.00 in a research note on Friday, October 4th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $165.21.

Digital Realty Trust Stock Performance

NYSE:DLR opened at $181.01 on Friday. Digital Realty Trust, Inc. has a 1-year low of $116.73 and a 1-year high of $193.88. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.78 and a quick ratio of 1.78. The business has a 50 day moving average of $157.70 and a 200 day moving average of $150.67. The company has a market capitalization of $56.55 billion, a price-to-earnings ratio of 50.28, a PEG ratio of 5.08 and a beta of 0.60.

Digital Realty Trust (NYSE:DLR) last announced its quarterly earnings data 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 business had revenue of $1.36 billion during 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%. Digital Realty Trust’s revenue for the quarter was down .7% on a year-over-year basis. During the same period last year, the company posted $1.68 EPS. On average, sell-side analysts predict that Digital Realty Trust, Inc. will post 6.65 earnings per share for the current fiscal year.

Digital Realty Trust Announces Dividend

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

Insider Transactions at Digital Realty Trust

In related news, Director Jean F. H. P. Mandeville sold 600 shares of the stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $150.26, for a total transaction of $90,156.00. Following the completion of the sale, the director now directly owns 9,055 shares in the company, valued at $1,360,604.30. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Company 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.