Brighton Jones LLC Decreases Stock Holdings in Digital Realty Trust, Inc. (NYSE:DLR)

Brighton Jones LLC lessened its stake in Digital Realty Trust, Inc. (NYSE:DLR) by 0.2% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 71,008 shares of the real estate investment trust’s stock after selling 166 shares during the period. Brighton Jones LLC’s holdings in Digital Realty Trust were worth $11,491,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in the company. Meeder Asset Management Inc. acquired a new position in shares of Digital Realty Trust during the second quarter worth $25,000. Gradient Investments LLC increased its position in 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 valued at $27,000 after buying an additional 76 shares in the last quarter. American Capital Advisory LLC purchased a new stake in Digital Realty Trust in the second quarter valued at about $27,000. Private Ocean LLC acquired a new stake in Digital Realty Trust in the second quarter worth about $27,000. Finally, GoalVest Advisory LLC purchased a new stake in shares of Digital Realty Trust during the first quarter worth about $29,000. 99.71% of the stock is currently owned by institutional investors.

Insider Activity

In related news, Director Jean F. H. P. Mandeville sold 600 shares of the business’s stock in a transaction 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 sale, the director now owns 9,055 shares of the company’s stock, valued at approximately $1,360,604.30. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.17% of the company’s stock.

Digital Realty Trust Stock Up 0.3 %

DLR opened at $165.80 on Thursday. The company has a fifty day moving average of $156.77 and a two-hundred day moving average of $150.27. The stock has a market capitalization of $51.80 billion, a price-to-earnings ratio of 46.06, a PEG ratio of 5.08 and a beta of 0.60. Digital Realty Trust, Inc. has a fifty-two week low of $116.18 and a fifty-two week high of $166.57. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.78 and a current ratio of 1.78.

Digital Realty Trust (NYSE:DLR) last announced its quarterly earnings results on Thursday, July 25th. The real estate investment trust reported $0.20 earnings per share for the quarter, missing the consensus estimate of $1.63 by ($1.43). The business had revenue of $1.36 billion during the quarter, compared to analysts’ expectations of $1.38 billion. Digital Realty Trust had a net margin of 20.58% and a return on equity of 5.93%. Digital Realty Trust’s revenue for the quarter was down .7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.68 EPS. On average, research analysts expect 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 disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, September 13th were given a $1.22 dividend. This represents a $4.88 dividend on an annualized basis and a dividend yield of 2.94%. The ex-dividend date was Friday, September 13th. Digital Realty Trust’s dividend payout ratio (DPR) is presently 135.56%.

Wall Street Analyst Weigh In

Several brokerages recently commented on DLR. Evercore ISI increased their price objective on shares of Digital Realty Trust from $160.00 to $175.00 and gave the company an “outperform” rating in a research report on Wednesday. HSBC raised shares of Digital Realty Trust from a “reduce” rating to a “hold” rating and raised their price target for the stock from $124.00 to $160.00 in a report on Friday, October 4th. Barclays upped their target price on Digital Realty Trust from $130.00 to $135.00 and gave the company an “underweight” rating in a research report on Thursday, October 10th. TD Cowen lowered their price target on Digital Realty Trust from $122.00 to $120.00 and set a “hold” rating for the company in a research report on Friday, July 26th. Finally, Hsbc Global Res upgraded 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 assigned a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $158.33.

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.