Prime Capital Investment Advisors LLC Sells 199 Shares of Digital Realty Trust, Inc. (NYSE:DLR)

Prime Capital Investment Advisors LLC trimmed its stake in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 3.0% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,424 shares of the real estate investment trust’s stock after selling 199 shares during the quarter. Prime Capital Investment Advisors LLC’s holdings in Digital Realty Trust were worth $1,040,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in DLR. Vanguard Group Inc. lifted its stake in shares of Digital Realty Trust by 2.0% in the 1st quarter. Vanguard Group Inc. now owns 48,503,593 shares of the real estate investment trust’s stock valued at $6,986,458,000 after acquiring an additional 951,567 shares during the last quarter. Canada Pension Plan Investment Board increased its holdings in Digital Realty Trust by 3.1% in the 2nd quarter. Canada Pension Plan Investment Board now owns 4,826,432 shares of the real estate investment trust’s stock worth $733,859,000 after purchasing an additional 146,183 shares in the last quarter. Legal & General Group Plc raised its position in Digital Realty Trust by 2.8% in the second quarter. Legal & General Group Plc now owns 4,730,168 shares of the real estate investment trust’s stock valued at $719,222,000 after purchasing an additional 129,799 shares during the last quarter. Daiwa Securities Group Inc. boosted its stake in shares of Digital Realty Trust by 16.8% during the second quarter. Daiwa Securities Group Inc. now owns 4,725,971 shares of the real estate investment trust’s stock valued at $718,584,000 after purchasing an additional 678,165 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in shares of Digital Realty Trust by 5.3% in the second quarter. Dimensional Fund Advisors LP now owns 4,541,327 shares of the real estate investment trust’s stock valued at $690,498,000 after buying an additional 228,585 shares during the period. Institutional investors own 99.71% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on DLR shares. Scotiabank boosted their target price on shares of Digital Realty Trust from $157.00 to $178.00 and gave the stock a “sector perform” rating in a report on Friday, October 25th. HSBC upgraded Digital Realty Trust from a “reduce” rating to a “hold” rating and increased their price objective for the company from $124.00 to $160.00 in a report on Friday, October 4th. TD Cowen lifted their target price on Digital Realty Trust from $120.00 to $128.00 and gave the stock a “hold” rating in a report on Friday, October 25th. Stifel Nicolaus reissued a “buy” rating and issued a $195.00 price target (up previously from $185.00) on shares of Digital Realty Trust in a research note on Friday, October 25th. Finally, Jefferies Financial Group lifted their price objective on Digital Realty Trust from $190.00 to $205.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. Two investment 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 stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $169.47.

Digital Realty Trust Stock Up 0.0 %

DLR stock opened at $178.17 on Friday. The stock’s 50 day simple moving average is $165.37 and its 200 day simple moving average is $154.35. The company has a market cap of $59.10 billion, a P/E ratio of 149.72, a price-to-earnings-growth ratio of 4.80 and a beta of 0.59. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.61 and a current ratio of 1.61. Digital Realty Trust, Inc. has a fifty-two week low of $130.00 and a fifty-two week high of $193.88.

Digital Realty Trust (NYSE:DLR) last issued its earnings results on Thursday, October 24th. The real estate investment trust reported $0.09 earnings per share for the quarter, missing analysts’ consensus estimates of $1.67 by ($1.58). The firm had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.43 billion. Digital Realty Trust had a return on equity of 2.24% and a net margin of 8.04%. Digital Realty Trust’s revenue for the quarter was up 2.1% compared to the same quarter last year. During the same period in the previous year, the company earned $1.62 earnings per share. On average, research analysts expect that Digital Realty Trust, Inc. will post 6.71 earnings per share for the current fiscal year.

Digital Realty Trust Dividend Announcement

The firm also recently announced 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. This represents a $4.88 annualized dividend and a dividend yield of 2.74%. The ex-dividend date of this dividend is Friday, December 13th. Digital Realty Trust’s payout ratio is presently 410.08%.

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.