Armor Investment Advisors LLC Grows Position in Digital Realty Trust, Inc. (NYSE:DLR)

Armor Investment Advisors LLC grew its position in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 1.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 30,876 shares of the real estate investment trust’s stock after acquiring an additional 462 shares during the quarter. Digital Realty Trust accounts for approximately 2.1% of Armor Investment Advisors LLC’s portfolio, making the stock its 14th largest holding. Armor Investment Advisors LLC’s holdings in Digital Realty Trust were worth $4,997,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in DLR. Meeder Asset Management Inc. purchased a new position in Digital Realty Trust during the second quarter worth about $25,000. Gradient Investments LLC boosted its stake in shares of Digital Realty Trust by 75.2% in the 2nd quarter. Gradient Investments LLC now owns 177 shares of the real estate investment trust’s stock worth $27,000 after buying an additional 76 shares during the last quarter. American Capital Advisory LLC bought a new position in shares of Digital Realty Trust in the second quarter valued at approximately $27,000. Private Ocean LLC purchased a new stake in shares of Digital Realty Trust during the second quarter valued at approximately $27,000. Finally, Asset Dedication LLC bought a new stake in Digital Realty Trust during the second quarter worth $31,000. Institutional investors own 99.71% of the company’s stock.

Digital Realty Trust Stock Down 2.4 %

NYSE DLR opened at $176.76 on Wednesday. Digital Realty Trust, Inc. has a 1 year low of $126.22 and a 1 year high of $193.88. 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 business’s 50-day moving average is $161.89 and its 200 day moving average is $152.79. The stock has a market capitalization of $57.87 billion, a PE ratio of 152.15, a PEG ratio of 5.66 and a beta of 0.59.

Digital Realty Trust (NYSE:DLR) last released its quarterly earnings results on Thursday, October 24th. The real estate investment trust reported $0.09 earnings per share for the quarter, missing the consensus estimate of $1.67 by ($1.58). Digital Realty Trust had a net margin of 8.04% and a return on equity of 2.24%. The company had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.43 billion. During the same quarter last year, the firm earned $1.62 EPS. The business’s revenue was up 2.1% on a year-over-year basis. Sell-side analysts forecast that Digital Realty Trust, Inc. will post 6.7 earnings per share for the current year.

Digital Realty Trust Dividend Announcement

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 dividend of $1.22 per share. The ex-dividend date of this dividend is Friday, December 13th. This represents a $4.88 annualized dividend and a yield of 2.76%. Digital Realty Trust’s payout ratio is 410.08%.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. Wells Fargo & Company upped their price objective on Digital Realty Trust from $175.00 to $185.00 and gave the company an “overweight” rating in a research note on Friday, October 25th. Evercore ISI increased their price target on shares of Digital Realty Trust from $160.00 to $175.00 and gave the company an “outperform” rating in a research report on Wednesday, October 23rd. Jefferies Financial Group lifted their price objective 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. 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. Finally, JPMorgan Chase & Co. increased their target price on shares of Digital Realty Trust from $180.00 to $185.00 and gave the stock an “overweight” rating in a research report on Friday, October 25th. Two analysts have rated the stock with a sell rating, nine have assigned 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, Digital Realty Trust has a consensus rating of “Hold” and an average price target of $167.68.

Digital Realty Trust 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.