Digital Realty Trust, Inc. (NYSE:DLR) Holdings Decreased by Resources Management Corp CT ADV

Resources Management Corp CT ADV lowered its stake in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 22.3% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,845 shares of the real estate investment trust’s stock after selling 1,676 shares during the quarter. Resources Management Corp CT ADV’s holdings in Digital Realty Trust were worth $889,000 at the end of the most recent reporting period.

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

Digital Realty Trust Price Performance

Shares of DLR stock opened at $160.87 on Tuesday. The stock has a 50 day moving average of $152.18 and a two-hundred day moving average of $147.37. 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, Inc. has a 12 month low of $113.94 and a 12 month high of $162.58. The company has a market capitalization of $50.26 billion, a P/E ratio of 44.69, a P/E/G ratio of 5.06 and a beta of 0.60.

Digital Realty Trust (NYSE:DLR) last announced its quarterly earnings data on Thursday, July 25th. The real estate investment trust reported $0.20 EPS 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 return on equity of 5.93% and a net margin of 20.58%. Digital Realty Trust’s revenue was down .7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.68 EPS. As a group, equities analysts expect that Digital Realty Trust, Inc. will post 6.65 EPS for the current year.

Digital Realty Trust Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 13th will be given a dividend of $1.22 per share. The ex-dividend date is Friday, September 13th. This represents a $4.88 annualized dividend and a dividend yield of 3.03%. Digital Realty Trust’s dividend payout ratio (DPR) is presently 135.56%.

Insider Buying and Selling

In related news, Director Jean F. H. P. Mandeville sold 600 shares of the firm’s 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 completion of the transaction, the director now owns 9,055 shares in the company, valued at approximately $1,360,604.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.17% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages have issued reports on DLR. JPMorgan Chase & Co. upgraded Digital Realty Trust from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $150.00 to $175.00 in a research report on Friday, June 28th. Barclays boosted their price target 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. Argus lowered Digital Realty Trust from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Stifel Nicolaus boosted their price target on Digital Realty Trust from $165.00 to $175.00 and gave the stock a “buy” rating in a research report on Friday, July 12th. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on Digital Realty Trust from $143.00 to $145.00 and gave the company a “hold” rating in a report on Thursday, May 30th. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Digital Realty Trust presently has a consensus rating of “Hold” and a consensus price target of $154.00.

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.