Naviter Wealth LLC Reduces Position in Digital Realty Trust, Inc. (NYSE:DLR)

Naviter Wealth LLC lessened its stake in Digital Realty Trust, Inc. (NYSE:DLR) by 5.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 19,960 shares of the real estate investment trust’s stock after selling 1,086 shares during the period. Naviter Wealth LLC’s holdings in Digital Realty Trust were worth $3,230,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Syon Capital LLC bought a new position in shares of Digital Realty Trust in the 4th quarter worth approximately $225,000. PNC Financial Services Group Inc. grew its position in shares of Digital Realty Trust by 9.7% during the 4th quarter. PNC Financial Services Group Inc. now owns 37,061 shares of the real estate investment trust’s stock valued at $4,988,000 after acquiring an additional 3,274 shares during the period. HighPoint Advisor Group LLC purchased a new stake in shares of Digital Realty Trust in the 4th quarter worth $696,000. Los Angeles Capital Management LLC raised its holdings in Digital Realty Trust by 29.8% in the 1st quarter. Los Angeles Capital Management LLC now owns 2,538 shares of the real estate investment trust’s stock worth $366,000 after purchasing an additional 583 shares during the period. Finally, GAMMA Investing LLC increased its position in Digital Realty Trust by 13.7% in the first quarter. GAMMA Investing LLC now owns 2,793 shares of the real estate investment trust’s stock worth $402,000 after buying an additional 337 shares in the last quarter. Institutional investors own 99.71% of the company’s stock.

Digital Realty Trust Trading Down 0.3 %

Shares of Digital Realty Trust stock traded down $0.47 during mid-day trading on Thursday, hitting $161.66. The stock had a trading volume of 53,602 shares, compared to its average volume of 1,814,510. Digital Realty Trust, Inc. has a 12-month low of $113.94 and a 12-month high of $165.17. The firm has a 50-day moving average of $155.25 and a two-hundred day moving average of $149.43. The firm has a market cap of $50.51 billion, a P/E ratio of 45.05, a price-to-earnings-growth ratio of 5.08 and a beta of 0.60. The company has a quick ratio of 1.78, a current ratio of 1.78 and a debt-to-equity ratio of 0.81.

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). The firm 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%. The company’s quarterly revenue was down .7% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.68 earnings per share. Sell-side analysts forecast that Digital Realty Trust, Inc. will post 6.65 earnings per share for the current year.

Digital Realty Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, September 13th were given a $1.22 dividend. The ex-dividend date was Friday, September 13th. This represents a $4.88 annualized dividend and a yield of 3.02%. Digital Realty Trust’s dividend payout ratio (DPR) is 135.56%.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Barclays lifted their price objective on shares of Digital Realty Trust from $130.00 to $135.00 and gave the stock an “underweight” rating in a research note on Thursday, October 10th. Argus cut Digital Realty Trust from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. TD Cowen lowered their price objective on Digital Realty Trust from $122.00 to $120.00 and set a “hold” rating for the company in a research note on Friday, July 26th. BMO Capital Markets upgraded Digital Realty Trust from a “market perform” rating to an “outperform” rating and increased their price target for the company from $144.00 to $170.00 in a report on Wednesday, June 26th. Finally, HSBC raised shares of Digital Realty Trust from a “reduce” rating to a “hold” rating and increased their target price for the company from $124.00 to $160.00 in a research note on Friday, October 4th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $156.89.

Insider Activity at Digital Realty Trust

In other Digital Realty Trust news, Director Jean F. H. P. Mandeville sold 600 shares of the stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $150.26, for a total transaction 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 approximately $1,360,604.30. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.17% of the stock is currently owned by insiders.

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.