Thurston Springer Miller Herd & Titak Inc. Sells 653 Shares of Digital Realty Trust, Inc. (NYSE:DLR)

Thurston Springer Miller Herd & Titak Inc. decreased its stake in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 34.4% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 1,247 shares of the real estate investment trust’s stock after selling 653 shares during the quarter. Thurston Springer Miller Herd & Titak Inc.’s holdings in Digital Realty Trust were worth $221,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Digital Realty Trust by 501.7% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,326,914 shares of the real estate investment trust’s stock valued at $700,224,000 after acquiring an additional 3,607,802 shares during the period. Pathway Financial Advisers LLC grew its holdings in shares of Digital Realty Trust by 15,301.1% during the 3rd quarter. Pathway Financial Advisers LLC now owns 1,850,292 shares of the real estate investment trust’s stock worth $299,433,000 after purchasing an additional 1,838,278 shares in the last quarter. Point72 Asset Management L.P. bought a new stake in shares of Digital Realty Trust during the third quarter valued at approximately $132,980,000. Electron Capital Partners LLC raised its stake in shares of Digital Realty Trust by 220.7% in the second quarter. Electron Capital Partners LLC now owns 1,041,594 shares of the real estate investment trust’s stock valued at $158,374,000 after purchasing an additional 716,816 shares in the last quarter. Finally, Ghisallo Capital Management LLC bought a new position in Digital Realty Trust in the second quarter worth $76,025,000. Institutional investors and hedge funds own 99.71% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on DLR shares. Scotiabank upped their target price on shares of Digital Realty Trust from $157.00 to $178.00 and gave the company a “sector perform” rating in a research note on Friday, October 25th. Royal Bank of Canada upped their target price on shares of Digital Realty Trust from $177.00 to $207.00 and gave the stock an “outperform” rating in a report on Monday, October 28th. HSBC raised shares of Digital Realty Trust from a “reduce” rating to a “hold” rating and lifted their price target for the company from $124.00 to $160.00 in a report on Friday, October 4th. TD Cowen upped their price objective on shares of Digital Realty Trust from $120.00 to $128.00 and gave the stock a “hold” rating in a research note on Friday, October 25th. Finally, Jefferies Financial Group lifted their target price on shares of Digital Realty Trust from $190.00 to $205.00 and gave the company a “buy” rating in a research note on Friday, October 25th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Digital Realty Trust presently has a consensus rating of “Moderate Buy” and an average target price of $177.32.

Insider Activity at Digital Realty Trust

In related news, CFO Matt Mercier sold 2,518 shares of the business’s stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $187.40, for a total value of $471,873.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.17% of the stock is owned by corporate insiders.

Digital Realty Trust Trading Up 2.9 %

Shares of NYSE DLR opened at $179.96 on Friday. Digital Realty Trust, Inc. has a fifty-two week low of $131.42 and a fifty-two week high of $198.00. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.61 and a quick ratio of 1.61. The firm has a market capitalization of $59.70 billion, a P/E ratio of 151.23, a P/E/G ratio of 4.35 and a beta of 0.64. The company’s 50 day simple moving average is $183.23 and its 200 day simple moving average is $166.42.

Digital Realty Trust (NYSE:DLR) last announced its quarterly earnings results on Thursday, October 24th. The real estate investment trust reported $0.09 EPS 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 company had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.43 billion. During the same period last year, the company earned $1.62 earnings per share. The business’s revenue was up 2.1% compared to the same quarter last year. On average, analysts predict that Digital Realty Trust, Inc. will post 6.71 EPS for the current year.

Digital Realty Trust Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, January 17th. Stockholders of record on Friday, December 13th will be issued a $1.22 dividend. This represents a $4.88 annualized dividend and a dividend yield of 2.71%. The ex-dividend date is Friday, December 13th. Digital Realty Trust’s dividend payout ratio (DPR) is 410.08%.

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.