Aldebaran Financial Inc. Lowers Holdings in Digital Realty Trust, Inc. (NYSE:DLR)

Aldebaran Financial Inc. reduced its holdings in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 6.1% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,130 shares of the real estate investment trust’s stock after selling 203 shares during the period. Aldebaran Financial Inc.’s holdings in Digital Realty Trust were worth $476,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in DLR. Public Employees Retirement System of Ohio raised its stake in shares of Digital Realty Trust by 1.6% in the fourth quarter. Public Employees Retirement System of Ohio now owns 587,561 shares of the real estate investment trust’s stock valued at $79,074,000 after acquiring an additional 9,158 shares in the last quarter. Bessemer Group Inc. raised its position in Digital Realty Trust by 102.1% in the 1st quarter. Bessemer Group Inc. now owns 19,528 shares of the real estate investment trust’s stock valued at $2,813,000 after purchasing an additional 9,865 shares in the last quarter. Cetera Investment Advisers boosted its stake in shares of Digital Realty Trust by 295.5% in the 1st quarter. Cetera Investment Advisers now owns 31,665 shares of the real estate investment trust’s stock valued at $4,561,000 after buying an additional 23,659 shares during the period. Pinebridge Investments L.P. acquired a new position in shares of Digital Realty Trust during the fourth quarter worth about $3,167,000. Finally, Sun Life Financial Inc. purchased a new stake in shares of Digital Realty Trust during the fourth quarter worth approximately $20,978,000. 99.71% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

DLR has been the subject of several analyst reports. BMO Capital Markets upgraded shares of Digital Realty Trust from a “market perform” rating to an “outperform” rating and boosted their price target for the stock from $144.00 to $170.00 in a report on Wednesday, June 26th. Argus downgraded shares of Digital Realty Trust from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Mizuho began coverage on Digital Realty Trust in a research note on Thursday, July 11th. They issued an “outperform” rating and a $170.00 price target on the stock. Royal Bank of Canada upped their price objective on Digital Realty Trust from $144.00 to $160.00 and gave the stock an “outperform” rating in a research report on Monday, June 3rd. Finally, Barclays raised their target price on Digital Realty Trust from $123.00 to $130.00 and gave the stock an “underweight” rating in a research report on Wednesday, July 24th. Three research analysts have rated the stock with a sell rating, seven have given a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $154.00.

Digital Realty Trust Price Performance

Shares of DLR opened at $161.79 on Tuesday. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.78 and a current ratio of 1.78. Digital Realty Trust, Inc. has a fifty-two week low of $113.94 and a fifty-two week high of $165.17. The firm has a 50-day simple moving average of $152.69 and a 200-day simple moving average of $147.95. The company has a market capitalization of $50.55 billion, a price-to-earnings ratio of 44.94, a price-to-earnings-growth ratio of 5.14 and a beta of 0.60.

Digital Realty Trust (NYSE:DLR) last posted its quarterly earnings data on Thursday, July 25th. The real estate investment trust reported $0.20 earnings per share 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 analyst estimates of $1.38 billion. During the same period in the previous year, the business posted $1.68 earnings per share. The firm’s revenue was down .7% compared to the same quarter last year. On average, equities research analysts anticipate that Digital Realty Trust, Inc. will post 6.65 earnings per share for the current year.

Digital Realty Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Shareholders 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 dividend on an annualized basis and a yield of 3.02%. Digital Realty Trust’s payout ratio 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 shares were sold at an average price of $150.26, for a total transaction of $90,156.00. Following the completion of the transaction, the director now directly owns 9,055 shares of the company’s stock, valued at $1,360,604.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.17% of the company’s stock.

About Digital Realty Trust

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.