Digital Realty Trust, Inc. (NYSE:DLR) Position Increased by Creative Planning

Creative Planning lifted its position in Digital Realty Trust, Inc. (NYSE:DLR) by 0.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 165,756 shares of the real estate investment trust’s stock after acquiring an additional 1,130 shares during the period. Creative Planning owned about 0.05% of Digital Realty Trust worth $26,824,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. Meeder Asset Management Inc. purchased a new position in Digital Realty Trust during the 2nd quarter worth approximately $25,000. Gradient Investments LLC grew its holdings 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 buying an additional 76 shares in the last quarter. American Capital Advisory LLC acquired a new position in Digital Realty Trust during the second quarter valued at $27,000. Private Ocean LLC acquired a new position in Digital Realty Trust during the second quarter valued at $27,000. Finally, GoalVest Advisory LLC purchased a new stake in Digital Realty Trust in the 1st quarter worth about $29,000. Institutional investors and hedge funds own 99.71% of the company’s stock.

Digital Realty Trust Price Performance

Shares of Digital Realty Trust stock opened at $165.38 on Monday. Digital Realty Trust, Inc. has a 1-year low of $113.94 and a 1-year high of $165.65. The firm has a fifty day simple moving average of $155.83 and a 200-day simple moving average of $149.83. The company has a current ratio of 1.78, a quick ratio of 1.78 and a debt-to-equity ratio of 0.81. The stock has a market capitalization of $51.67 billion, a price-to-earnings ratio of 45.94, a PEG ratio of 5.08 and a beta of 0.60.

Digital Realty Trust (NYSE:DLR) last released its 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 for the quarter, compared to analyst estimates of $1.38 billion. Digital Realty Trust had a return on equity of 5.93% and a net margin of 20.58%. The firm’s revenue was down .7% on a year-over-year basis. During the same period in the prior year, the firm earned $1.68 EPS. On average, sell-side analysts expect 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 announced a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 13th were issued a $1.22 dividend. This represents a $4.88 dividend on an annualized basis and a yield of 2.95%. The ex-dividend date of this dividend was Friday, September 13th. Digital Realty Trust’s dividend payout ratio (DPR) is currently 135.56%.

Insiders Place Their Bets

In other news, Director Jean F. H. P. Mandeville sold 600 shares of the stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $150.26, for a total value of $90,156.00. Following the completion of the sale, the director now directly owns 9,055 shares of the company’s stock, valued at approximately $1,360,604.30. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.17% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on DLR shares. Wells Fargo & Company upped their target price on Digital Realty Trust from $170.00 to $175.00 and gave the company an “overweight” rating in a report on Thursday. Barclays upped their price objective on shares of Digital Realty Trust from $130.00 to $135.00 and gave the company an “underweight” rating in a research note on Thursday, October 10th. The Goldman Sachs Group began coverage on shares of Digital Realty Trust in a research note on Monday, July 1st. They set a “buy” rating and a $175.00 target price for the company. Mizuho initiated coverage on shares of 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. Finally, TD Cowen reduced their price objective on Digital Realty Trust from $122.00 to $120.00 and set a “hold” rating for the company in a research report on Friday, July 26th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $157.17.

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.