Digital Realty Trust, Inc. (NYSE:DLR) Shares Sold by Park Avenue Securities LLC

Park Avenue Securities LLC lowered its position in Digital Realty Trust, Inc. (NYSE:DLR) by 6.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,369 shares of the real estate investment trust’s stock after selling 500 shares during the quarter. Park Avenue Securities LLC’s holdings in Digital Realty Trust were worth $1,193,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in DLR. Meeder Asset Management Inc. acquired a new position in shares of Digital Realty Trust in the 2nd quarter valued at about $25,000. Gradient Investments LLC lifted its position in Digital Realty Trust by 75.2% during the second 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 purchased a new stake in Digital Realty Trust during the second quarter worth approximately $27,000. Private Ocean LLC acquired a new stake in shares of Digital Realty Trust in the second quarter worth $27,000. Finally, Rise Advisors LLC raised its stake in shares of Digital Realty Trust by 1,125.0% in the 1st quarter. Rise Advisors LLC now owns 196 shares of the real estate investment trust’s stock valued at $28,000 after acquiring an additional 180 shares during the period. Hedge funds and other institutional investors own 99.71% of the company’s stock.

Insider Activity

In other Digital Realty Trust news, Director Jean F. H. P. Mandeville sold 600 shares of the firm’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $150.26, for a total value of $90,156.00. Following the transaction, the director now owns 9,055 shares of the company’s stock, valued at $1,360,604.30. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 0.17% of the company’s stock.

Digital Realty Trust Stock Up 1.2 %

Shares of Digital Realty Trust stock opened at $158.28 on Wednesday. The business has a 50-day moving average price of $153.56 and a 200 day moving average price of $148.55. 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 market cap of $49.45 billion, a P/E ratio of 43.97, a P/E/G ratio of 5.14 and a beta of 0.60. 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 (NYSE:DLR) last issued its quarterly earnings results 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). The firm had revenue of $1.36 billion during the quarter, compared to the consensus estimate 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 was down .7% compared to the same quarter last year. During the same quarter last year, the firm posted $1.68 earnings per share. On average, sell-side analysts forecast that Digital Realty Trust, Inc. will post 6.65 earnings per share for the current fiscal year.

Digital Realty Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, September 13th were given a $1.22 dividend. 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 3.08%. Digital Realty Trust’s payout ratio is currently 135.56%.

Analysts Set New Price Targets

DLR has been the subject of a number of research reports. Barclays upped their price target on shares of Digital Realty Trust from $123.00 to $130.00 and gave the stock an “underweight” rating in a research report on Wednesday, July 24th. Argus lowered Digital Realty Trust from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. The Goldman Sachs Group started coverage on Digital Realty Trust in a report on Monday, July 1st. They set a “buy” rating and a $175.00 target price on the stock. BMO Capital Markets upgraded Digital Realty Trust from a “market perform” rating to an “outperform” rating and upped their price target for the stock from $144.00 to $170.00 in a report on Wednesday, June 26th. Finally, HSBC upgraded shares of Digital Realty Trust from a “reduce” rating to a “hold” rating and lifted their price objective for the company from $124.00 to $160.00 in a research note on Friday, October 4th. Two 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 company. Based on data from MarketBeat.com, Digital Realty Trust currently has a consensus rating of “Hold” and a consensus price target of $156.61.

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.