Truvestments Capital LLC Sells 1,889 Shares of Digital Realty Trust, Inc. (NYSE:DLR)

Truvestments Capital LLC lowered its stake in Digital Realty Trust, Inc. (NYSE:DLR) by 62.6% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,127 shares of the real estate investment trust’s stock after selling 1,889 shares during the period. Truvestments Capital LLC’s holdings in Digital Realty Trust were worth $162,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Rise Advisors LLC raised its position in shares of Digital Realty Trust by 1,125.0% in the 1st quarter. Rise Advisors LLC now owns 196 shares of the real estate investment trust’s stock valued at $28,000 after buying an additional 180 shares in the last quarter. GoalVest Advisory LLC acquired a new position in Digital Realty Trust during the first quarter valued at approximately $29,000. Bfsg LLC bought a new stake in Digital Realty Trust during the fourth quarter worth $31,000. Turtle Creek Wealth Advisors LLC acquired a new stake in shares of Digital Realty Trust in the 4th quarter valued at $32,000. Finally, Tennessee Valley Asset Management Partners bought a new position in shares of Digital Realty Trust in the 4th quarter valued at $32,000. Institutional investors and hedge funds own 99.71% of the company’s stock.

Digital Realty Trust Stock Down 1.2 %

Shares of DLR stock traded down $1.72 on Friday, hitting $145.65. The stock had a trading volume of 3,204,947 shares, compared to its average volume of 1,405,666. Digital Realty Trust, Inc. has a 12-month low of $113.94 and a 12-month high of $162.58. The stock has a market cap of $45.51 billion, a price-to-earnings ratio of 40.46, a price-to-earnings-growth ratio of 10.55 and a beta of 0.59. The business has a 50 day moving average of $149.57 and a 200 day moving average of $144.48. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.29 and a quick ratio of 1.29.

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). Digital Realty Trust had a net margin of 20.58% and a return on equity of 6.07%. The company had revenue of $1.36 billion for the quarter, compared to the consensus estimate of $1.38 billion. During the same period in the prior year, the company earned $1.68 earnings per share. The firm’s revenue was down .7% on a year-over-year basis. As a group, analysts expect that Digital Realty Trust, Inc. will post 6.67 EPS for the current year.

Digital Realty Trust Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, June 14th were given a $1.22 dividend. This represents a $4.88 annualized dividend and a dividend yield of 3.35%. The ex-dividend date of this dividend was Friday, June 14th. Digital Realty Trust’s dividend payout ratio (DPR) is presently 135.56%.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on DLR. HSBC upped their price objective on Digital Realty Trust from $115.00 to $118.00 and gave the stock a “reduce” rating in a research report on Friday, May 3rd. Deutsche Bank Aktiengesellschaft raised their price target on shares of Digital Realty Trust from $143.00 to $145.00 and gave the company a “hold” rating in a research note on Thursday, May 30th. Stifel Nicolaus upped their price objective on shares of Digital Realty Trust from $165.00 to $175.00 and gave the stock a “buy” rating in a research report on Friday, July 12th. Royal Bank of Canada raised their target price on shares of Digital Realty Trust from $144.00 to $160.00 and gave the company an “outperform” rating in a research report on Monday, June 3rd. Finally, Barclays increased their price target on Digital Realty Trust from $123.00 to $130.00 and gave the company an “underweight” rating in a research note on Wednesday. Three analysts have rated the stock with a sell rating, six have given a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Digital Realty Trust has a consensus rating of “Hold” and an average target price of $152.20.

About Digital Realty Trust

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.