Silvercrest Asset Management Group LLC Trims Stake in Digital Realty Trust, Inc. (NYSE:DLR)

Silvercrest Asset Management Group LLC reduced its position in Digital Realty Trust, Inc. (NYSE:DLR) by 5.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,094 shares of the real estate investment trust’s stock after selling 119 shares during the quarter. Silvercrest Asset Management Group LLC’s holdings in Digital Realty Trust were worth $302,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also modified their holdings of the company. Gladstone Institutional Advisory LLC boosted its position in shares of Digital Realty Trust by 1.2% in the fourth quarter. Gladstone Institutional Advisory LLC now owns 6,301 shares of the real estate investment trust’s stock worth $848,000 after purchasing an additional 72 shares during the period. CENTRAL TRUST Co boosted its position in shares of Digital Realty Trust by 13.6% in the first quarter. CENTRAL TRUST Co now owns 700 shares of the real estate investment trust’s stock worth $101,000 after purchasing an additional 84 shares during the period. Benedict Financial Advisors Inc. boosted its position in shares of Digital Realty Trust by 0.5% during the first quarter. Benedict Financial Advisors Inc. now owns 18,207 shares of the real estate investment trust’s stock worth $2,623,000 after acquiring an additional 84 shares during the last quarter. Taylor Frigon Capital Management LLC boosted its position in shares of Digital Realty Trust by 0.6% during the first quarter. Taylor Frigon Capital Management LLC now owns 15,211 shares of the real estate investment trust’s stock worth $2,191,000 after acquiring an additional 87 shares during the last quarter. Finally, Global Retirement Partners LLC boosted its position in shares of Digital Realty Trust by 13.9% during the first quarter. Global Retirement Partners LLC now owns 813 shares of the real estate investment trust’s stock worth $117,000 after acquiring an additional 99 shares during the last quarter. 99.71% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages recently weighed in on DLR. Stifel Nicolaus upped their target price on shares of Digital Realty Trust from $165.00 to $175.00 and gave the stock a “buy” rating in a research report on Friday, July 12th. The Goldman Sachs Group began coverage on shares of Digital Realty Trust in a research report on Monday, July 1st. They set a “buy” rating and a $175.00 price objective for the company. HSBC increased their price objective on shares of Digital Realty Trust from $115.00 to $118.00 and gave the company a “reduce” rating in a research report on Friday, May 3rd. Mizuho started coverage on shares of Digital Realty Trust in a research report on Thursday, July 11th. They set an “outperform” rating and a $170.00 price objective for the company. Finally, BMO Capital Markets raised shares of Digital Realty Trust from a “market perform” rating to an “outperform” rating and increased their target price for the company from $144.00 to $170.00 in a research note on Wednesday, June 26th. Three analysts have rated the stock with a sell rating, six have given a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $153.44.

Digital Realty Trust Stock Performance

DLR opened at $149.47 on Thursday. Digital Realty Trust, Inc. has a 12-month low of $113.94 and a 12-month high of $162.58. The company has a current ratio of 1.78, a quick ratio of 1.29 and a debt-to-equity ratio of 0.81. The firm has a market capitalization of $46.70 billion, a PE ratio of 41.52, a P/E/G ratio of 10.45 and a beta of 0.59. The firm has a 50 day moving average of $149.79 and a two-hundred day moving average of $144.72.

Digital Realty Trust (NYSE:DLR) last posted 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). The firm had revenue of $1.36 billion for the quarter, compared to analysts’ expectations of $1.38 billion. Digital Realty Trust had a net margin of 20.58% and a return on equity of 5.93%. Digital Realty Trust’s revenue for the quarter was down .7% compared to the same quarter last year. During the same period last year, the firm earned $1.68 earnings per share. On average, analysts anticipate that Digital Realty Trust, Inc. will post 6.67 EPS for the current year.

Digital Realty Trust Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, June 14th were issued a dividend of $1.22 per share. This represents a $4.88 annualized dividend and a dividend yield of 3.26%. The ex-dividend date of this dividend was Friday, June 14th. Digital Realty Trust’s dividend payout ratio (DPR) is 135.56%.

About Digital Realty Trust

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.