Digital Realty Trust, Inc. (NYSE:DLR) Shares Sold by Fifth Third Wealth Advisors LLC

Fifth Third Wealth Advisors LLC cut its stake in Digital Realty Trust, Inc. (NYSE:DLR) by 2.6% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,434 shares of the real estate investment trust’s stock after selling 65 shares during the period. Fifth Third Wealth Advisors LLC’s holdings in Digital Realty Trust were worth $394,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. Pathway Financial Advisers LLC lifted its stake in Digital Realty Trust by 15,301.1% in the 3rd quarter. Pathway Financial Advisers LLC now owns 1,850,292 shares of the real estate investment trust’s stock valued at $299,433,000 after buying an additional 1,838,278 shares in the last quarter. Massachusetts Financial Services Co. MA raised its stake in Digital Realty Trust by 543.6% during the second quarter. Massachusetts Financial Services Co. MA now owns 1,447,340 shares of the real estate investment trust’s stock worth $220,068,000 after purchasing an additional 1,773,591 shares during the period. Wulff Hansen & CO. boosted its holdings in shares of Digital Realty Trust by 15,105.0% in the 2nd quarter. Wulff Hansen & CO. now owns 795,830 shares of the real estate investment trust’s stock valued at $121,006,000 after purchasing an additional 790,596 shares during the last quarter. Electron Capital Partners LLC grew its stake in shares of Digital Realty Trust by 220.7% during the 2nd quarter. Electron Capital Partners LLC now owns 1,041,594 shares of the real estate investment trust’s stock valued at $158,374,000 after buying an additional 716,816 shares during the period. Finally, Daiwa Securities Group Inc. raised its position in shares of Digital Realty Trust by 16.8% in the 2nd quarter. Daiwa Securities Group Inc. now owns 4,725,971 shares of the real estate investment trust’s stock worth $718,584,000 after buying an additional 678,165 shares during the period. 99.71% of the stock is owned by hedge funds and other institutional investors.

Digital Realty Trust Stock Performance

Shares of DLR stock opened at $187.49 on Friday. Digital Realty Trust, Inc. has a one year low of $130.00 and a one year high of $193.88. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.61 and a current ratio of 1.61. The stock has a market capitalization of $62.19 billion, a price-to-earnings ratio of 157.55, a PEG ratio of 4.97 and a beta of 0.59. The company’s 50-day simple moving average is $168.94 and its 200-day simple moving average is $156.03.

Digital Realty Trust (NYSE:DLR) last released its earnings results on Thursday, October 24th. The real estate investment trust reported $0.09 earnings per share for the quarter, missing the consensus estimate of $1.67 by ($1.58). Digital Realty Trust had a net margin of 8.04% and a return on equity of 2.24%. The business had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.43 billion. During the same quarter in the previous year, the firm earned $1.62 EPS. The firm’s revenue for the quarter was up 2.1% on a year-over-year basis. Equities analysts anticipate that Digital Realty Trust, Inc. will post 6.71 earnings per share for the current fiscal year.

Digital Realty Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Shareholders of record on Friday, December 13th will be issued a $1.22 dividend. The ex-dividend date is Friday, December 13th. This represents a $4.88 dividend on an annualized basis and a yield of 2.60%. Digital Realty Trust’s dividend payout ratio is currently 410.08%.

Analysts Set New Price Targets

DLR has been the subject of a number of research reports. Hsbc Global Res raised Digital Realty Trust from a “moderate sell” rating to a “hold” rating in a research report on Friday, October 4th. Stifel Nicolaus increased their target price on shares of Digital Realty Trust from $195.00 to $205.00 and gave the stock a “buy” rating in a research report on Thursday. Raymond James lifted their price target on shares of Digital Realty Trust from $170.00 to $190.00 and gave the company a “strong-buy” rating in a research report on Friday, October 25th. Scotiabank increased their price objective on shares of Digital Realty Trust from $157.00 to $178.00 and gave the stock a “sector perform” rating in a research report on Friday, October 25th. Finally, Jefferies Financial Group upped their price target on shares of Digital Realty Trust from $190.00 to $205.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $170.37.

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.