Atlantic Union Bankshares Corp Sells 401 Shares of Digital Realty Trust, Inc. (NYSE:DLR)

Atlantic Union Bankshares Corp lessened its holdings in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 3.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 10,712 shares of the real estate investment trust’s stock after selling 401 shares during the quarter. Atlantic Union Bankshares Corp’s holdings in Digital Realty Trust were worth $1,629,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the business. Gradient Investments LLC lifted its holdings in shares of Digital Realty Trust by 75.2% in 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 in the last quarter. Rise Advisors LLC lifted its stake in Digital Realty Trust by 1,125.0% in the 1st quarter. Rise Advisors LLC now owns 196 shares of the real estate investment trust’s stock worth $28,000 after purchasing an additional 180 shares in the last quarter. GoalVest Advisory LLC bought a new position in shares of Digital Realty Trust during the 1st quarter valued at about $29,000. Bfsg LLC purchased a new position in shares of Digital Realty Trust during the fourth quarter valued at about $31,000. Finally, Future Financial Wealth Managment LLC bought a new stake in shares of Digital Realty Trust in the first quarter worth about $34,000. 99.71% of the stock is owned by hedge funds and other institutional investors.

Digital Realty Trust Price Performance

Shares of DLR stock opened at $152.18 on Friday. The stock has a 50 day moving average price of $151.05 and a 200 day moving average price of $145.76. The firm has a market capitalization of $47.55 billion, a P/E ratio of 42.27, a P/E/G ratio of 10.97 and a beta of 0.59. 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, Inc. has a 52-week low of $113.94 and a 52-week high of $162.58.

Digital Realty Trust (NYSE:DLR) last issued its 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 company had revenue of $1.36 billion during the quarter, compared to the consensus estimate of $1.38 billion. During the same quarter in the prior year, the company earned $1.68 earnings per share. Digital Realty Trust’s revenue was down .7% on a year-over-year basis. As a group, sell-side analysts predict that Digital Realty Trust, Inc. will post 6.67 earnings per share 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. Shareholders of record on Friday, September 13th will be given a dividend of $1.22 per share. This represents a $4.88 dividend on an annualized basis and a yield of 3.21%. The ex-dividend date is Friday, September 13th. Digital Realty Trust’s dividend payout ratio (DPR) is presently 135.56%.

Insiders Place Their Bets

In other news, Director Jean F. H. P. Mandeville sold 600 shares of the firm’s stock in a transaction 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 transaction, the director now owns 9,055 shares in the company, valued at $1,360,604.30. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.17% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have weighed in on DLR shares. Stifel Nicolaus raised their price target on Digital Realty Trust from $165.00 to $175.00 and gave the company a “buy” rating in a report on Friday, July 12th. HSBC raised their target price on shares of Digital Realty Trust from $115.00 to $118.00 and gave the company a “reduce” rating in a report on Friday, May 3rd. Barclays upped their price target on shares of Digital Realty Trust from $123.00 to $130.00 and gave the company an “underweight” rating in a research note on Wednesday, July 24th. TD Cowen dropped their price objective on shares of 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. Finally, Mizuho started coverage on shares of Digital Realty Trust in a research report on Thursday, July 11th. They set an “outperform” rating and a $170.00 target price on the stock. Three analysts have rated the stock with a sell rating, seven have issued a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $154.00.

About Digital Realty Trust

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.