Advisors Management Group Inc. ADV Sells 58 Shares of Digital Realty Trust, Inc. (NYSE:DLR)

Advisors Management Group Inc. ADV decreased its holdings in Digital Realty Trust, Inc. (NYSE:DLR) by 0.8% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 7,216 shares of the real estate investment trust’s stock after selling 58 shares during the period. Advisors Management Group Inc. ADV’s holdings in Digital Realty Trust were worth $1,168,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Pathway Financial Advisers LLC raised its stake in Digital Realty Trust by 15,301.1% during the third quarter. Pathway Financial Advisers LLC now owns 1,850,292 shares of the real estate investment trust’s stock worth $299,433,000 after acquiring an additional 1,838,278 shares in the last quarter. Massachusetts Financial Services Co. MA grew its holdings in shares of Digital Realty Trust by 543.6% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 1,447,340 shares of the real estate investment trust’s stock valued at $220,068,000 after purchasing an additional 1,773,591 shares during the last quarter. Vanguard Group Inc. increased its position in Digital Realty Trust by 2.0% during the 1st quarter. Vanguard Group Inc. now owns 48,503,593 shares of the real estate investment trust’s stock worth $6,986,458,000 after purchasing an additional 951,567 shares in the last quarter. Wulff Hansen & CO. lifted its stake in Digital Realty Trust by 15,105.0% in the 2nd quarter. Wulff Hansen & CO. now owns 795,830 shares of the real estate investment trust’s stock valued at $121,006,000 after purchasing an additional 790,596 shares during the last quarter. Finally, Electron Capital Partners LLC boosted its position in Digital Realty Trust by 220.7% in the second quarter. Electron Capital Partners LLC now owns 1,041,594 shares of the real estate investment trust’s stock valued at $158,374,000 after buying an additional 716,816 shares in the last quarter. Institutional investors and hedge funds own 99.71% of the company’s stock.

Digital Realty Trust Stock Down 4.1 %

DLR opened at $173.62 on Thursday. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.61 and a quick ratio of 1.78. The firm has a market capitalization of $57.59 billion, a P/E ratio of 145.90, a PEG ratio of 5.66 and a beta of 0.59. The company’s 50-day moving average is $162.36 and its 200 day moving average is $152.93. Digital Realty Trust, Inc. has a fifty-two week low of $126.22 and a fifty-two week high of $193.88.

Digital Realty Trust (NYSE:DLR) last posted its quarterly earnings results on Thursday, October 24th. The real estate investment trust reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.67 by ($1.58). The business had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.43 billion. Digital Realty Trust had a net margin of 8.04% and a return on equity of 2.24%. The business’s revenue for the quarter was up 2.1% on a year-over-year basis. During the same period last year, the firm earned $1.62 EPS. Research analysts expect that Digital Realty Trust, Inc. will post 6.7 earnings per share for the current fiscal year.

Digital Realty Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 17th. Stockholders of record on Friday, December 13th will be given a dividend of $1.22 per share. The ex-dividend date is Friday, December 13th. This represents a $4.88 annualized dividend and a dividend yield of 2.81%. Digital Realty Trust’s dividend payout ratio (DPR) is presently 410.08%.

Analyst Upgrades and Downgrades

DLR has been the subject of a number of research reports. TD Cowen increased their price target on Digital Realty Trust from $120.00 to $128.00 and gave the company a “hold” rating in a research note on Friday, October 25th. Evercore ISI raised their price objective on shares of Digital Realty Trust from $160.00 to $175.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 23rd. Stifel Nicolaus reiterated a “buy” rating and set a $195.00 target price (up previously from $185.00) on shares of Digital Realty Trust in a research report on Friday, October 25th. Truist Financial increased their target price on shares of Digital Realty Trust from $160.00 to $168.00 and gave the stock a “buy” rating in a research note on Tuesday, August 13th. Finally, Hsbc Global Res raised shares of Digital Realty Trust from a “moderate sell” rating to a “hold” rating in a research note on Friday, October 4th. Two analysts have rated the stock with a sell rating, nine have given a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $167.68.

Digital Realty Trust 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.