Cornerstone Wealth Management LLC Acquires Shares of 1,247 Digital Realty Trust, Inc. (NYSE:DLR)

Cornerstone Wealth Management LLC bought a new position in Digital Realty Trust, Inc. (NYSE:DLR) in the 3rd quarter, according to its most recent disclosure with the SEC. The firm bought 1,247 shares of the real estate investment trust’s stock, valued at approximately $202,000.

A number of other large investors have also recently modified their holdings of DLR. Meeder Asset Management Inc. purchased a new stake in Digital Realty Trust in the second quarter worth about $25,000. Gradient Investments LLC boosted its position in shares of 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 purchasing an additional 76 shares in the last quarter. American Capital Advisory LLC purchased a new stake in Digital Realty Trust in the second quarter worth $27,000. Private Ocean LLC bought a new position in Digital Realty Trust in the second quarter worth $27,000. Finally, GoalVest Advisory LLC purchased a new position in Digital Realty Trust during the first quarter valued at $29,000. Institutional investors own 99.71% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. HSBC upgraded shares of Digital Realty Trust from a “reduce” rating to a “hold” rating and increased their price target for the stock from $124.00 to $160.00 in a research note on Friday, October 4th. TD Cowen lowered their target price on shares of Digital Realty Trust from $122.00 to $120.00 and set a “hold” rating for the company in a report on Friday, July 26th. 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 research note on Wednesday, June 26th. Stifel Nicolaus lifted their price objective on Digital Realty Trust from $165.00 to $175.00 and gave the company a “buy” rating in a research note on Friday, July 12th. Finally, Argus cut Digital Realty Trust from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Two analysts have rated the stock with a sell rating, nine have issued a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $157.17.

Insider Transactions at Digital Realty Trust

In related news, Director Jean F. H. P. Mandeville sold 600 shares of Digital Realty Trust stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $150.26, for a total transaction of $90,156.00. Following the sale, the director now owns 9,055 shares of the company’s stock, valued at approximately $1,360,604.30. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.17% of the company’s stock.

Digital Realty Trust Trading Up 1.0 %

Digital Realty Trust stock opened at $165.38 on Friday. Digital Realty Trust, Inc. has a 12-month low of $113.94 and a 12-month high of $165.65. The firm has a market capitalization of $51.67 billion, a price-to-earnings ratio of 45.94, a P/E/G ratio of 5.08 and a beta of 0.60. The firm has a 50 day moving average of $155.83 and a 200 day moving average of $149.76. The company has a current ratio of 1.78, a quick ratio of 1.78 and a debt-to-equity ratio of 0.81.

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). Digital Realty Trust had a return on equity of 5.93% and a net margin of 20.58%. The firm had revenue of $1.36 billion during the quarter, compared to analysts’ expectations of $1.38 billion. During the same period last year, the company earned $1.68 earnings per share. The business’s revenue for the quarter was down .7% on a year-over-year basis. As a group, research analysts predict that Digital Realty Trust, Inc. will post 6.65 earnings per share for the current year.

Digital Realty Trust Dividend Announcement

The firm also recently disclosed 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 was Friday, September 13th. This represents a $4.88 annualized dividend and a dividend yield of 2.95%. Digital Realty Trust’s payout ratio is 135.56%.

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.