Global Wealth Management Investment Advisory Inc. Grows Stock Holdings in Digital Realty Trust, Inc. (NYSE:DLR)

Global Wealth Management Investment Advisory Inc. grew its stake in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 2.6% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 32,481 shares of the real estate investment trust’s stock after buying an additional 822 shares during the period. Digital Realty Trust accounts for approximately 1.1% of Global Wealth Management Investment Advisory Inc.’s holdings, making the stock its 24th biggest holding. Global Wealth Management Investment Advisory Inc.’s holdings in Digital Realty Trust were worth $5,256,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in the stock. Sentry Investment Management LLC purchased a new stake in shares of Digital Realty Trust during the 3rd quarter valued at $239,000. Stoneridge Investment Partners LLC acquired a new position in Digital Realty Trust in the 3rd quarter worth $693,000. Gulf International Bank UK Ltd lifted its holdings in Digital Realty Trust by 1.6% in the 3rd quarter. Gulf International Bank UK Ltd now owns 25,278 shares of the real estate investment trust’s stock worth $4,090,000 after buying an additional 391 shares in the last quarter. Greenwood Capital Associates LLC lifted its holdings in Digital Realty Trust by 1.3% in the 3rd quarter. Greenwood Capital Associates LLC now owns 8,732 shares of the real estate investment trust’s stock worth $1,413,000 after buying an additional 109 shares in the last quarter. Finally, Moloney Securities Asset Management LLC lifted its holdings in Digital Realty Trust by 2.8% in the 3rd quarter. Moloney Securities Asset Management LLC now owns 10,383 shares of the real estate investment trust’s stock worth $1,680,000 after buying an additional 284 shares in the last quarter. 99.71% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on DLR. Barclays boosted their price objective on shares of Digital Realty Trust from $130.00 to $135.00 and gave the stock an “underweight” rating in a report on Thursday, October 10th. Stifel Nicolaus reiterated a “buy” rating and issued a $195.00 price objective (up previously from $185.00) on shares of Digital Realty Trust in a report on Friday, October 25th. Evercore ISI upped their target price on shares of Digital Realty Trust from $160.00 to $175.00 and gave the company an “outperform” rating in a research note on Wednesday, October 23rd. JPMorgan Chase & Co. upped their target price on shares of Digital Realty Trust from $180.00 to $185.00 and gave the company an “overweight” rating in a research note on Friday, October 25th. Finally, Wells Fargo & Company upped their target price on shares of Digital Realty Trust from $175.00 to $185.00 and gave the company an “overweight” rating in a research note on Friday, October 25th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $167.68.

Digital Realty Trust Price Performance

Shares of Digital Realty Trust stock traded up $0.47 during midday trading on Tuesday, hitting $177.79. 21,882 shares of the company were exchanged, compared to its average volume of 1,826,297. 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 cap of $58.21 billion, a P/E ratio of 149.17, a PEG ratio of 5.66 and a beta of 0.59. Digital Realty Trust, Inc. has a 52 week low of $126.22 and a 52 week high of $193.88. The firm has a 50 day simple moving average of $161.28 and a 200-day simple moving average of $152.48.

Digital Realty Trust (NYSE:DLR) last released its quarterly 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). Digital Realty Trust had a net margin of 8.04% and a return on equity of 2.24%. The business had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.43 billion. During the same period in the prior year, the business earned $1.62 earnings per share. The company’s revenue for the quarter was up 2.1% on a year-over-year basis. Research analysts forecast that Digital Realty Trust, Inc. will post 6.7 earnings per share for the current year.

Digital Realty Trust Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 17th. Investors of record on Friday, December 13th will be issued a dividend of $1.22 per share. This represents a $4.88 dividend on an annualized basis and a yield of 2.74%. Digital Realty Trust’s dividend payout ratio is 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.