1 week Ago By ABMN Staff
SVB Wealth LLC decreased its holdings in Digital Realty Trust, Inc. ( NYSE:DLR – Free Report ) by 8.0% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission.
The fund owned 9,923 shares of the real estate investment trust’s stock after selling 858 shares during the quarter. SVB Wealth LLC’s holdings in Digital Realty Trust were worth $1,509,000 at the end of the most recent reporting period. Several other large investors also recently added to or reduced their stakes in the business.
American Capital Advisory LLC purchased a new position in shares of Digital Realty Trust during the 2nd quarter worth $27,000. Private Ocean LLC purchased a new position in Digital Realty Trust during the second quarter valued at $27,000. Gradient Investments LLC lifted its position in 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. Rise Advisors LLC grew its holdings 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 valued at $28,000 after purchasing an additional 180 shares during the period. Finally, GoalVest Advisory LLC purchased a new stake in Digital Realty Trust in the first quarter worth about $29,000.
99.71% of the stock is currently owned by institutional investors. Analyst Upgrades and Downgrades Several equities research analysts recently issued reports on DLR shares.
BMO Capital Markets raised shares of Digital Realty Trust from a “market perform” rating to an “outperform” rating and increased their target price for the stock from $144.00 to $170.00 in a report on Wednesday, June 26th.
Barclays increased their price objective on shares of Digital Realty Trust from $123.00 to $130.00 and gave the stock an “underweight” rating in a research note on Wednesday, July 24th.
TD Cowen lowered their target price on shares of Digital Realty Trust from $122.00 to $120.00 and set a “hold” rating on the stock in a research note on Friday, July 26th.
Argus downgraded shares of Digital Realty Trust from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Finally, Royal Bank of Canada raised their price target on Digital Realty Trust from $144.00 to $160.
00 and gave the company an “outperform” rating in a report on Monday, June 3rd. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Digital Realty Trust presently has a consensus rating of “Hold” and an average target price of $154.
00. Digital Realty Trust Stock Performance Shares of Digital Realty Trust stock opened at $148.22 on Monday.
The company has a quick ratio of 1.78, a current ratio of 1.78 and a debt-to-equity ratio of 0.
81. The stock’s fifty day moving average is $151.36 and its two-hundred day moving average is $146.
37. Digital Realty Trust, Inc. has a 52 week low of $113.
94 and a 52 week high of $162.58. The company has a market capitalization of $46.
31 billion, a PE ratio of 41.17, a price-to-earnings-growth ratio of 4.84 and a beta of 0.
60. Digital Realty Trust ( NYSE:DLR – Get Free Report ) last posted its quarterly 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).
The company 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%.
The company’s revenue for the quarter was down .7% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.
68 earnings per share. As a group, analysts expect that Digital Realty Trust, Inc. will post 6.
65 earnings per share for the current year. Digital Realty Trust Dividend Announcement The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 13th will be paid a $1.
22 dividend. The ex-dividend date of this dividend is Friday, September 13th. This represents a $4.
88 annualized dividend and a yield of 3.29%. Digital Realty Trust’s dividend payout ratio (DPR) 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 company’s stock in a transaction 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 in the company, valued at approximately $1,360,604.
30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link . 0.
17% of the stock is currently owned by company insiders. Digital Realty Trust Company Profile ( Free Report ) 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.
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