Foster Victor Wealth Advisors LLC Purchases Shares of 36,854 Digital Realty Trust, Inc. (NYSE:DLR)

Foster Victor Wealth Advisors LLC purchased a new stake in Digital Realty Trust, Inc. (NYSE:DLR) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 36,854 shares of the real estate investment trust’s stock, valued at approximately $5,983,000.

A number of other hedge funds have also recently bought and sold shares of the stock. Gradient Investments LLC boosted its stake in shares of Digital Realty Trust by 75.2% during the 2nd quarter. Gradient Investments LLC now owns 177 shares of the real estate investment trust’s stock worth $27,000 after acquiring an additional 76 shares during the period. Rise Advisors LLC boosted its stake 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 worth $28,000 after acquiring an additional 180 shares during the period. GoalVest Advisory LLC bought a new position in shares of Digital Realty Trust during the 1st quarter worth approximately $29,000. Bfsg LLC bought a new position in shares of Digital Realty Trust during the 4th quarter worth approximately $31,000. Finally, Tennessee Valley Asset Management Partners bought a new position in shares of Digital Realty Trust during the 4th quarter worth approximately $32,000. 99.71% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Digital Realty Trust

In other Digital Realty Trust news, Director Jean F. H. P. Mandeville sold 600 shares of the company’s stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $150.26, for a total value of $90,156.00. Following the sale, the director now owns 9,055 shares in the company, valued at approximately $1,360,604.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.17% of the company’s stock.

Digital Realty Trust Price Performance

DLR traded down $0.26 on Friday, reaching $149.60. The stock had a trading volume of 1,257,764 shares, compared to its average volume of 1,883,623. Digital Realty Trust, Inc. has a fifty-two week low of $113.94 and a fifty-two week high of $162.58. The firm has a 50-day moving average of $151.00 and a 200-day moving average of $145.53. The company has a current ratio of 1.78, a quick ratio of 1.29 and a debt-to-equity ratio of 0.81. The company has a market capitalization of $46.74 billion, a price-to-earnings ratio of 41.56, a price-to-earnings-growth ratio of 10.97 and a beta of 0.59.

Digital Realty Trust (NYSE:DLR) last issued its 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). Digital Realty Trust had a return on equity of 5.93% and a net margin of 20.58%. The firm had revenue of $1.36 billion during the quarter, compared to analyst estimates of $1.38 billion. During the same period in the previous year, the company earned $1.68 EPS. Digital Realty Trust’s revenue for the quarter was down .7% on a year-over-year basis. As a group, sell-side analysts anticipate that Digital Realty Trust, Inc. will post 6.67 EPS for the current year.

Digital Realty Trust Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 13th will be given a $1.22 dividend. The ex-dividend date is Friday, September 13th. This represents a $4.88 dividend on an annualized basis and a dividend yield of 3.26%. Digital Realty Trust’s dividend payout ratio (DPR) is presently 135.56%.

Analysts Set New Price Targets

Several analysts recently issued reports on DLR shares. Mizuho assumed coverage on Digital Realty Trust in a research note on Thursday, July 11th. They issued an “outperform” rating and a $170.00 price target for the company. Royal Bank of Canada lifted their price objective on Digital Realty Trust from $144.00 to $160.00 and gave the company an “outperform” rating in a report on Monday, June 3rd. TD Cowen dropped their price objective on Digital Realty Trust from $122.00 to $120.00 and set a “hold” rating for the company in a report on Friday, July 26th. JPMorgan Chase & Co. raised Digital Realty Trust from a “neutral” rating to an “overweight” rating and lifted their price objective for the company from $150.00 to $175.00 in a report on Friday, June 28th. Finally, HSBC lifted their price objective on Digital Realty Trust from $115.00 to $118.00 and gave the company a “reduce” rating in a report on Friday, May 3rd. Three equities 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 stock. According to data from MarketBeat, Digital Realty Trust has a consensus rating of “Hold” and an average target price of $154.00.

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.