Occidental Asset Management LLC Has $1.82 Million Position in Digital Realty Trust, Inc. (NYSE:DLR)

Occidental Asset Management LLC lifted its holdings in Digital Realty Trust, Inc. (NYSE:DLR) by 8.7% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 11,228 shares of the real estate investment trust’s stock after acquiring an additional 897 shares during the quarter. Occidental Asset Management LLC’s holdings in Digital Realty Trust were worth $1,817,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Meeder Asset Management Inc. acquired a new stake in Digital Realty Trust during the 2nd quarter worth about $25,000. Gradient Investments LLC lifted its position 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 purchasing an additional 76 shares in the last quarter. American Capital Advisory LLC acquired a new stake in shares of Digital Realty Trust during the second quarter worth approximately $27,000. Private Ocean LLC purchased a new position in Digital Realty Trust during the second quarter valued at approximately $27,000. Finally, Rise Advisors LLC increased 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 valued at $28,000 after buying an additional 180 shares during the period. Hedge funds and other institutional investors own 99.71% of the company’s stock.

Digital Realty Trust Stock Up 0.8 %

DLR opened at $162.02 on Tuesday. The company has a market capitalization of $50.62 billion, a P/E ratio of 45.01, a P/E/G ratio of 5.08 and a beta of 0.60. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.78 and a quick ratio of 1.78. The firm’s fifty day moving average price is $154.70 and its two-hundred day moving average price is $149.22. Digital Realty Trust, Inc. has a fifty-two week low of $113.94 and a fifty-two week high of $165.17.

Digital Realty Trust (NYSE:DLR) last issued its 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). Digital Realty Trust had a net margin of 20.58% and a return on equity of 5.93%. The business had revenue of $1.36 billion for the quarter, compared to analyst estimates of $1.38 billion. During the same quarter last year, the firm posted $1.68 earnings per share. Digital Realty Trust’s revenue was down .7% on a year-over-year basis. On average, analysts anticipate that Digital Realty Trust, Inc. will post 6.65 EPS for the current year.

Digital Realty Trust Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, September 13th were given a dividend of $1.22 per share. This represents a $4.88 dividend on an annualized basis and a dividend yield of 3.01%. The ex-dividend date was Friday, September 13th. Digital Realty Trust’s dividend payout ratio (DPR) is currently 135.56%.

Insider Activity at Digital Realty Trust

In other news, Director Jean F. H. P. Mandeville sold 600 shares of the firm’s stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $150.26, for a total transaction 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. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 0.17% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. The Goldman Sachs Group assumed coverage on shares of Digital Realty Trust in a research note on Monday, July 1st. They set a “buy” rating and a $175.00 target price for the company. Stifel Nicolaus boosted their target price on Digital Realty Trust from $165.00 to $175.00 and gave the company a “buy” rating in a research note on Friday, July 12th. Barclays raised their price target on Digital Realty Trust from $130.00 to $135.00 and gave the stock an “underweight” rating in a research note on Thursday, October 10th. Truist Financial boosted their price target on Digital Realty Trust from $160.00 to $168.00 and gave the company a “buy” rating in a research note on Tuesday, August 13th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Digital Realty Trust from $175.00 to $180.00 and gave the company an “overweight” rating in a research report on Tuesday, October 1st. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $156.89.

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.