Digital Realty Trust, Inc. (NYSE:DLR) Shares Sold by Emprise Bank

Emprise Bank lessened its stake in Digital Realty Trust, Inc. (NYSE:DLR) by 18.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,973 shares of the real estate investment trust’s stock after selling 457 shares during the quarter. Emprise Bank’s holdings in Digital Realty Trust were worth $319,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in DLR. Meeder Asset Management Inc. acquired a new stake in shares of Digital Realty Trust in the second quarter valued at approximately $25,000. Gradient Investments LLC increased its holdings in shares of Digital Realty Trust by 75.2% in 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 during the last quarter. American Capital Advisory LLC acquired a new stake in shares of Digital Realty Trust in the second quarter valued at approximately $27,000. Private Ocean LLC acquired a new stake in Digital Realty Trust during the second quarter worth $27,000. Finally, Rise Advisors LLC increased its stake in Digital Realty Trust by 1,125.0% during the first quarter. Rise Advisors LLC now owns 196 shares of the real estate investment trust’s stock worth $28,000 after acquiring an additional 180 shares during the last quarter. Institutional investors and hedge funds own 99.71% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on DLR. TD Cowen cut their target price on Digital Realty Trust from $122.00 to $120.00 and set a “hold” rating for the company in a research note on Friday, July 26th. 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 note on Wednesday, July 24th. Argus cut Digital Realty Trust from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. BMO Capital Markets raised Digital Realty Trust from a “market perform” rating to an “outperform” rating and raised their target price for the stock from $144.00 to $170.00 in a research note on Wednesday, June 26th. Finally, The Goldman Sachs Group began coverage on 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. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $154.28.

Digital Realty Trust Trading Down 0.4 %

NYSE:DLR opened at $159.60 on Thursday. The firm has a market cap of $49.86 billion, a PE ratio of 44.33, a price-to-earnings-growth ratio of 5.14 and a beta of 0.60. The stock has a fifty day moving average price of $152.95 and a 200 day moving average price of $148.16. Digital Realty Trust, Inc. has a 12-month low of $113.94 and a 12-month high of $165.17. 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 posted its earnings results 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). 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 for the quarter, compared to analyst estimates of $1.38 billion. During the same quarter last year, the firm posted $1.68 EPS. The firm’s revenue for the quarter was down .7% on a year-over-year basis. Sell-side analysts anticipate that Digital Realty Trust, Inc. will post 6.65 earnings per share for the current fiscal year.

Digital Realty Trust Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, September 13th were paid a $1.22 dividend. This represents a $4.88 dividend on an annualized basis and a yield of 3.06%. The ex-dividend date of this dividend was Friday, September 13th. Digital Realty Trust’s payout ratio is currently 135.56%.

Insiders Place Their Bets

In other Digital Realty Trust news, Director Jean F. H. P. Mandeville sold 600 shares of the stock in a transaction 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 transaction, the director now owns 9,055 shares of the company’s stock, valued at approximately $1,360,604.30. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 0.17% of the company’s stock.

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.