Hudson Valley Investment Advisors Inc. ADV Sells 150 Shares of Digital Realty Trust, Inc. (NYSE:DLR)

Hudson Valley Investment Advisors Inc. ADV trimmed its position in Digital Realty Trust, Inc. (NYSE:DLR) by 6.0% in the 2nd quarter, Holdings Channel reports. The firm owned 2,334 shares of the real estate investment trust’s stock after selling 150 shares during the quarter. Hudson Valley Investment Advisors Inc. ADV’s holdings in Digital Realty Trust were worth $355,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of DLR. Rise Advisors LLC raised its position in shares of 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 buying an additional 180 shares in the last quarter. GoalVest Advisory LLC purchased a new stake in shares of Digital Realty Trust during the 1st quarter valued at $29,000. Bfsg LLC purchased a new stake in shares of Digital Realty Trust during the 4th quarter valued at $31,000. Turtle Creek Wealth Advisors LLC purchased a new stake in shares of Digital Realty Trust during the 4th quarter valued at $32,000. Finally, Tennessee Valley Asset Management Partners purchased a new stake in shares of Digital Realty Trust during the 4th quarter valued at $32,000. 99.71% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

DLR has been the topic of a number of analyst reports. Wells Fargo & Company lifted their target price on shares of Digital Realty Trust from $155.00 to $170.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 23rd. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Digital Realty Trust from $143.00 to $145.00 and gave the stock a “hold” rating in a research report on Thursday, May 30th. The Goldman Sachs Group initiated coverage on shares of Digital Realty Trust in a research report on Monday, July 1st. They issued a “buy” rating and a $175.00 target price on the stock. JPMorgan Chase & Co. upgraded shares of Digital Realty Trust from a “neutral” rating to an “overweight” rating and lifted their target price for the stock from $150.00 to $175.00 in a research report on Friday, June 28th. Finally, Mizuho initiated coverage on shares of Digital Realty Trust in a research report on Thursday, July 11th. They issued an “outperform” rating and a $170.00 target price on the stock. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $153.44.

Insider Transactions at Digital Realty Trust

In other news, Director Jean F. H. P. Mandeville sold 600 shares of the stock in a transaction on Thursday, August 1st. The shares were 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 of the company’s stock, valued at $1,360,604.30. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.17% of the company’s stock.

Digital Realty Trust Stock Down 4.2 %

Shares of NYSE:DLR traded down $6.41 during trading on Monday, reaching $144.43. 2,320,639 shares of the stock traded hands, compared to its average volume of 1,923,000. The stock has a market cap of $45.12 billion, a P/E ratio of 41.90, a price-to-earnings-growth ratio of 10.97 and a beta of 0.59. The stock has a 50-day moving average of $150.15 and a two-hundred day moving average of $144.98. Digital Realty Trust, Inc. has a 52-week low of $113.94 and a 52-week high of $162.58. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.29 and a current ratio of 1.78.

Digital Realty Trust (NYSE:DLR) last issued its quarterly earnings data 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 5.93%. The company had revenue of $1.36 billion for the quarter, compared to the consensus estimate of $1.38 billion. During the same quarter last year, the company earned $1.68 EPS. The firm’s revenue for the quarter was down .7% on a year-over-year basis. As a group, sell-side analysts expect that Digital Realty Trust, Inc. will post 6.67 earnings per share for the current fiscal year.

Digital Realty Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, June 14th were paid a $1.22 dividend. The ex-dividend date of this dividend was Friday, June 14th. This represents a $4.88 dividend on an annualized basis and a dividend yield of 3.38%. Digital Realty Trust’s dividend payout ratio (DPR) is presently 135.56%.

Digital Realty Trust Company 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.