EP Wealth Advisors LLC Sells 102 Shares of Digital Realty Trust, Inc. (NYSE:DLR)

EP Wealth Advisors LLC cut its stake in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 2.3% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 4,320 shares of the real estate investment trust’s stock after selling 102 shares during the period. EP Wealth Advisors LLC’s holdings in Digital Realty Trust were worth $622,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Wellington Wealth Strategies LLC. bought a new stake in Digital Realty Trust during the 1st quarter valued at approximately $302,000. Vident Advisory LLC raised its position in shares of Digital Realty Trust by 55.6% during the first quarter. Vident Advisory LLC now owns 75,403 shares of the real estate investment trust’s stock valued at $10,862,000 after buying an additional 26,931 shares during the last quarter. Payden & Rygel Investment Group purchased a new position in shares of Digital Realty Trust in the first quarter worth $20,209,000. Natixis Investment Managers International boosted its position in shares of Digital Realty Trust by 26.5% during the first quarter. Natixis Investment Managers International now owns 1,221 shares of the real estate investment trust’s stock worth $176,000 after acquiring an additional 256 shares during the last quarter. Finally, Natixis increased its holdings in Digital Realty Trust by 197.0% in the 1st quarter. Natixis now owns 73,017 shares of the real estate investment trust’s stock valued at $10,517,000 after acquiring an additional 48,431 shares during the last quarter. 99.71% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. TD Cowen cut their price objective on Digital Realty Trust from $122.00 to $120.00 and set a “hold” rating for the company in a research report on Friday. JPMorgan Chase & Co. raised Digital Realty Trust from a “neutral” rating to an “overweight” rating and lifted their price objective for the stock from $150.00 to $175.00 in a research note on Friday, June 28th. Mizuho initiated coverage on Digital Realty Trust in a research report on Thursday, July 11th. They set an “outperform” rating and a $170.00 target price for the company. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Digital Realty Trust from $143.00 to $145.00 and gave the stock a “hold” rating in a research report on Thursday, May 30th. Finally, Morgan Stanley increased their price objective on shares of Digital Realty Trust from $100.00 to $108.00 and gave the company an “equal weight” rating in a research report on Tuesday, April 2nd. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $152.20.

Digital Realty Trust Trading Down 1.2 %

Shares of DLR stock traded down $1.72 on Friday, reaching $145.65. 3,204,427 shares of the company’s stock were exchanged, compared to its average volume of 1,915,188. The company’s fifty day simple moving average is $149.53 and its 200 day simple moving average is $144.32. Digital Realty Trust, Inc. has a 52 week low of $113.94 and a 52 week high of $162.58. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.91. The stock has a market capitalization of $45.51 billion, a PE ratio of 40.14, a P/E/G ratio of 10.99 and a beta of 0.59.

Digital Realty Trust Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, June 14th were paid a dividend of $1.22 per share. This represents a $4.88 dividend on an annualized basis and a dividend yield of 3.35%. The ex-dividend date was Friday, June 14th. Digital Realty Trust’s dividend payout ratio is currently 135.56%.

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.