Kingswood Wealth Advisors LLC Buys 4,031 Shares of Digital Realty Trust, Inc. (NYSE:DLR)

Kingswood Wealth Advisors LLC increased its holdings in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 61.3% during the second quarter, Holdings Channel.com reports. The fund owned 10,604 shares of the real estate investment trust’s stock after purchasing an additional 4,031 shares during the quarter. Kingswood Wealth Advisors LLC’s holdings in Digital Realty Trust were worth $1,612,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of DLR. Public Employees Retirement System of Ohio increased its stake in shares of Digital Realty Trust by 1.6% in the 4th quarter. Public Employees Retirement System of Ohio now owns 587,561 shares of the real estate investment trust’s stock valued at $79,074,000 after acquiring an additional 9,158 shares in the last quarter. Bessemer Group Inc. grew its stake in Digital Realty Trust by 102.1% during the first quarter. Bessemer Group Inc. now owns 19,528 shares of the real estate investment trust’s stock valued at $2,813,000 after acquiring an additional 9,865 shares in the last quarter. Clearbridge Investments LLC grew its stake in Digital Realty Trust by 17.7% during the fourth quarter. Clearbridge Investments LLC now owns 235,669 shares of the real estate investment trust’s stock valued at $31,716,000 after acquiring an additional 35,456 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in Digital Realty Trust by 2.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,236,434 shares of the real estate investment trust’s stock valued at $435,559,000 after acquiring an additional 85,262 shares in the last quarter. Finally, Lyell Wealth Management LP grew its stake in Digital Realty Trust by 12.0% in the 4th quarter. Lyell Wealth Management LP now owns 48,347 shares of the real estate investment trust’s stock worth $6,507,000 after buying an additional 5,197 shares in the last quarter. 99.71% of the stock is owned by institutional investors.

Analysts Set New Price Targets

DLR has been the subject of a number of recent research reports. JPMorgan Chase & Co. upgraded shares of Digital Realty Trust from a “neutral” rating to an “overweight” rating and boosted their price objective for the stock from $150.00 to $175.00 in a report on Friday, June 28th. UBS Group upped their target price on shares of Digital Realty Trust from $143.00 to $147.00 and gave the stock a “neutral” rating in a research report on Friday, May 3rd. Argus downgraded shares of Digital Realty Trust from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. HSBC increased their price objective on shares of Digital Realty Trust from $115.00 to $118.00 and gave the company a “reduce” rating in a research report on Friday, May 3rd. Finally, Stifel Nicolaus raised their price target on shares of Digital Realty Trust from $165.00 to $175.00 and gave the company a “buy” rating in a report on Friday, July 12th. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $153.44.

Insider Buying and Selling

In other Digital Realty Trust news, Director Jean F. H. P. Mandeville sold 600 shares of Digital Realty Trust stock in a transaction that occurred 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 transaction, 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 at the SEC website. 0.17% of the stock is currently owned by company insiders.

Digital Realty Trust Trading Down 1.0 %

Digital Realty Trust stock traded down $1.49 during midday trading on Wednesday, reaching $147.14. 1,205,929 shares of the stock traded hands, compared to its average volume of 1,914,649. The company has a 50-day simple moving average of $150.28 and a two-hundred day simple moving average of $145.13. Digital Realty Trust, Inc. has a 12-month low of $113.94 and a 12-month high of $162.58. The firm has a market cap of $45.97 billion, a PE ratio of 41.46, a price-to-earnings-growth ratio of 10.97 and a beta of 0.59. The company has a current ratio of 1.78, a quick ratio of 1.29 and a debt-to-equity ratio of 0.81.

Digital Realty Trust (NYSE:DLR) last posted its quarterly earnings results on Thursday, July 25th. The real estate investment trust reported $0.20 earnings per share (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 analyst estimates of $1.38 billion. Digital Realty Trust had a net margin of 20.58% and a return on equity of 5.93%. Digital Realty Trust’s revenue for the quarter was down .7% on a year-over-year basis. During the same period in the prior year, the business earned $1.68 EPS. Research 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 declared a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 13th will be paid a dividend of $1.22 per share. This represents a $4.88 dividend on an annualized basis and a yield of 3.32%. Digital Realty Trust’s dividend payout ratio 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.