Digital Realty Trust, Inc. (NYSE:DLR) Stake Lessened by Marshall Financial Group LLC

Marshall Financial Group LLC lowered its holdings in Digital Realty Trust, Inc. (NYSE:DLR) by 0.5% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 18,848 shares of the real estate investment trust’s stock after selling 91 shares during the period. Digital Realty Trust makes up 0.8% of Marshall Financial Group LLC’s portfolio, making the stock its 25th biggest position. Marshall Financial Group LLC’s holdings in Digital Realty Trust were worth $2,866,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of DLR. Gilman Hill Asset Management LLC raised its holdings in shares of Digital Realty Trust by 1.1% during the second quarter. Gilman Hill Asset Management LLC now owns 6,179 shares of the real estate investment trust’s stock worth $940,000 after acquiring an additional 65 shares in the last quarter. Gladstone Institutional Advisory LLC increased its position in Digital Realty Trust by 1.2% during the fourth quarter. Gladstone Institutional Advisory LLC now owns 6,301 shares of the real estate investment trust’s stock worth $848,000 after buying an additional 72 shares during the last quarter. Gradient Investments LLC increased 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 worth $27,000 after buying an additional 76 shares during the last quarter. CHICAGO TRUST Co NA increased its position in Digital Realty Trust by 5.1% during the second quarter. CHICAGO TRUST Co NA now owns 1,713 shares of the real estate investment trust’s stock worth $260,000 after buying an additional 83 shares during the last quarter. Finally, CENTRAL TRUST Co increased its position in Digital Realty Trust by 13.6% during the first quarter. CENTRAL TRUST Co now owns 700 shares of the real estate investment trust’s stock worth $101,000 after buying an additional 84 shares during the last quarter. Hedge funds and other institutional investors own 99.71% of the company’s stock.

Digital Realty Trust Price Performance

DLR traded down $0.26 during midday trading on Friday, reaching $149.60. 1,257,764 shares of the company’s stock were exchanged, compared to its average volume of 1,883,623. The firm 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. The company has a quick ratio of 1.29, a current ratio of 1.78 and a debt-to-equity ratio of 0.81. Digital Realty Trust, Inc. has a one year low of $113.94 and a one year high of $162.58. The business has a 50-day simple moving average of $151.00 and a two-hundred day simple moving average of $145.53.

Digital Realty Trust (NYSE:DLR) last announced 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). Digital Realty Trust had a return on equity of 5.93% and a net margin of 20.58%. The business had revenue of $1.36 billion for the quarter, compared to the consensus estimate of $1.38 billion. During the same quarter in the prior year, the business earned $1.68 EPS. The firm’s revenue for the quarter was down .7% on a year-over-year basis. As a group, research analysts predict that Digital Realty Trust, Inc. will post 6.67 EPS for the current year.

Digital Realty Trust Announces Dividend

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

Insider Activity

In related news, Director Jean F. H. P. Mandeville sold 600 shares of the business’s stock in a transaction that occurred 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 transaction, 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 accessible through the SEC website. 0.17% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

DLR has been the topic of several analyst reports. JPMorgan Chase & Co. raised shares of Digital Realty Trust from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $150.00 to $175.00 in a research report on Friday, June 28th. BMO Capital Markets raised Digital Realty Trust from a “market perform” rating to an “outperform” rating and raised their price target for the company from $144.00 to $170.00 in a research report on Wednesday, June 26th. UBS Group raised their price target on Digital Realty Trust from $143.00 to $147.00 and gave the company a “neutral” rating in a research report on Friday, May 3rd. TD Cowen lowered their price target on Digital Realty Trust from $122.00 to $120.00 and set a “hold” rating on the stock in a research report on Friday, July 26th. Finally, Argus downgraded Digital Realty Trust from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Three research analysts have rated the stock with a sell rating, seven have given a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Digital Realty Trust currently has an average 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.