Digital Realty Trust, Inc. (NYSE:DLR) Stock Position Boosted by Trinity Legacy Partners LLC

Trinity Legacy Partners LLC grew its stake in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 3.7% during the third quarter, Holdings Channel reports. The institutional investor owned 23,950 shares of the real estate investment trust’s stock after acquiring an additional 861 shares during the period. Trinity Legacy Partners LLC’s holdings in Digital Realty Trust were worth $3,879,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Consolidated Planning Corp increased its position in shares of Digital Realty Trust by 31.8% during the 3rd quarter. Consolidated Planning Corp now owns 3,192 shares of the real estate investment trust’s stock valued at $516,000 after purchasing an additional 771 shares during the period. Montecito Bank & Trust boosted its stake in Digital Realty Trust by 7.5% during the third quarter. Montecito Bank & Trust now owns 4,755 shares of the real estate investment trust’s stock valued at $770,000 after buying an additional 333 shares in the last quarter. Jackson Square Capital LLC bought a new position in shares of Digital Realty Trust during the 3rd quarter valued at about $740,000. Graypoint LLC grew its position in Digital Realty Trust by 6.7% in the third quarter. Graypoint LLC now owns 2,393 shares of the real estate investment trust’s stock worth $387,000 after buying an additional 150 shares during the last quarter. Finally, Forte Capital LLC ADV increased its holdings in shares of Digital Realty Trust by 1.8% in the third quarter. Forte Capital LLC ADV now owns 14,275 shares of the real estate investment trust’s stock valued at $2,310,000 after buying an additional 253 shares in the last quarter. 99.71% of the stock is owned by institutional investors and hedge funds.

Digital Realty Trust Price Performance

NYSE DLR opened at $178.47 on Friday. The company has a current ratio of 1.61, a quick ratio of 1.78 and a debt-to-equity ratio of 0.81. Digital Realty Trust, Inc. has a 1 year low of $126.22 and a 1 year high of $193.88. The company has a fifty day simple moving average of $162.36 and a 200 day simple moving average of $152.93. The company has a market cap of $59.20 billion, a P/E ratio of 149.97, a P/E/G ratio of 5.70 and a beta of 0.59.

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

Digital Realty Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 17th. Stockholders of record on Friday, December 13th will be issued 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 2.73%. Digital Realty Trust’s payout ratio is 410.08%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. Barclays upped their target price on Digital Realty Trust from $130.00 to $135.00 and gave the company an “underweight” rating in a report on Thursday, October 10th. HSBC raised Digital Realty Trust from a “reduce” rating to a “hold” rating and upped their price target for the company from $124.00 to $160.00 in a research report on Friday, October 4th. Wells Fargo & Company boosted their price target on shares of Digital Realty Trust from $175.00 to $185.00 and gave the company an “overweight” rating in a report on Friday, October 25th. Raymond James lifted their price objective on Digital Realty Trust from $170.00 to $190.00 and gave the company a “strong-buy” rating in a research report on Friday, October 25th. Finally, Scotiabank upped their target price on Digital Realty Trust from $157.00 to $178.00 and gave the stock a “sector perform” rating in a research report on Friday, October 25th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Digital Realty Trust presently has an average rating of “Hold” and an average target price of $167.68.

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.