Brookstone Capital Management Reduces Stock Holdings in Digital Realty Trust, Inc. (NYSE:DLR)

Brookstone Capital Management cut its holdings in Digital Realty Trust, Inc. (NYSE:DLR) by 14.0% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,858 shares of the real estate investment trust’s stock after selling 465 shares during the period. Brookstone Capital Management’s holdings in Digital Realty Trust were worth $412,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in DLR. Bank of Nova Scotia increased its stake in shares of Digital Realty Trust by 3.4% during the 3rd quarter. Bank of Nova Scotia now owns 24,377 shares of the real estate investment trust’s stock worth $2,950,000 after purchasing an additional 804 shares in the last quarter. Gotham Asset Management LLC increased its position in Digital Realty Trust by 7.4% during the third quarter. Gotham Asset Management LLC now owns 28,159 shares of the real estate investment trust’s stock worth $3,408,000 after buying an additional 1,946 shares in the last quarter. AQR Capital Management LLC raised its holdings in shares of Digital Realty Trust by 11.2% in the third quarter. AQR Capital Management LLC now owns 63,609 shares of the real estate investment trust’s stock worth $7,698,000 after acquiring an additional 6,417 shares during the last quarter. Glenmede Trust Co. NA lifted its position in shares of Digital Realty Trust by 7.2% in the third quarter. Glenmede Trust Co. NA now owns 10,439 shares of the real estate investment trust’s stock valued at $1,263,000 after acquiring an additional 697 shares in the last quarter. Finally, Advisors Asset Management Inc. boosted its stake in shares of Digital Realty Trust by 27.1% during the third quarter. Advisors Asset Management Inc. now owns 22,125 shares of the real estate investment trust’s stock valued at $2,678,000 after acquiring an additional 4,712 shares during the last quarter. 99.71% of the stock is owned by institutional investors and hedge funds.

Digital Realty Trust Stock Performance

NYSE:DLR opened at $152.10 on Tuesday. The firm’s fifty day simple moving average is $144.67 and its 200 day simple moving average is $141.72. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.91. Digital Realty Trust, Inc. has a twelve month low of $112.38 and a twelve month high of $154.18. The firm has a market capitalization of $47.52 billion, a price-to-earnings ratio of 42.25, a PEG ratio of 19.91 and a beta of 0.57.

Digital Realty Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 14th were paid a dividend of $1.22 per share. This represents a $4.88 dividend on an annualized basis and a dividend yield of 3.21%. The ex-dividend date was Friday, June 14th. Digital Realty Trust’s dividend payout ratio is presently 135.56%.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on DLR shares. Royal Bank of Canada upped their target price on shares of Digital Realty Trust from $144.00 to $160.00 and gave the company an “outperform” rating in a report on Monday, June 3rd. JPMorgan Chase & Co. upgraded shares of Digital Realty Trust from a “neutral” rating to an “overweight” rating and raised their target price for the stock from $150.00 to $175.00 in a research report on Friday. UBS Group boosted their price target on Digital Realty Trust from $143.00 to $147.00 and gave the company a “neutral” rating in a report on Friday, May 3rd. HSBC raised their price objective on Digital Realty Trust from $115.00 to $118.00 and gave the stock a “reduce” rating in a report on Friday, May 3rd. Finally, Morgan Stanley upped their target price on Digital Realty Trust from $100.00 to $108.00 and gave the company an “equal weight” rating in a research note on Tuesday, April 2nd. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $149.42.

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.