Capital Investment Advisors LLC Buys 3,787 Shares of Digital Realty Trust, Inc. (NYSE:DLR)

Capital Investment Advisors LLC boosted its stake in Digital Realty Trust, Inc. (NYSE:DLR) by 9.6% in the 3rd quarter, Holdings Channel reports. The firm owned 43,194 shares of the real estate investment trust’s stock after acquiring an additional 3,787 shares during the quarter. Capital Investment Advisors LLC’s holdings in Digital Realty Trust were worth $6,990,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Bessemer Group Inc. boosted its stake in Digital Realty Trust by 102.1% in the 1st quarter. Bessemer Group Inc. now owns 19,528 shares of the real estate investment trust’s stock worth $2,813,000 after purchasing an additional 9,865 shares during the period. Cetera Investment Advisers boosted its position in shares of Digital Realty Trust by 295.5% during the 1st quarter. Cetera Investment Advisers now owns 31,665 shares of the real estate investment trust’s stock valued at $4,561,000 after acquiring an additional 23,659 shares during the last quarter. QRG Capital Management Inc. boosted its position in shares of Digital Realty Trust by 652.4% during the 2nd quarter. QRG Capital Management Inc. now owns 29,292 shares of the real estate investment trust’s stock valued at $4,454,000 after acquiring an additional 25,399 shares during the last quarter. Choreo LLC boosted its position in shares of Digital Realty Trust by 86.8% during the 2nd quarter. Choreo LLC now owns 8,782 shares of the real estate investment trust’s stock valued at $1,336,000 after acquiring an additional 4,081 shares during the last quarter. Finally, Contravisory Investment Management Inc. boosted its position in shares of Digital Realty Trust by 1,228.5% during the 1st quarter. Contravisory Investment Management Inc. now owns 56,196 shares of the real estate investment trust’s stock valued at $8,094,000 after acquiring an additional 51,966 shares during the last quarter. Institutional investors own 99.71% of the company’s stock.

Digital Realty Trust Price Performance

Shares of Digital Realty Trust stock opened at $165.35 on Friday. 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 business’s 50 day simple moving average is $155.83 and its two-hundred day simple moving average is $149.69. The stock has a market capitalization of $51.66 billion, a P/E ratio of 45.93, a price-to-earnings-growth ratio of 5.08 and a beta of 0.60. Digital Realty Trust, Inc. has a one year low of $113.94 and a one year high of $165.65.

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 (EPS) 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 analysts’ expectations of $1.38 billion. During the same period last year, the firm posted $1.68 earnings per share. Digital Realty Trust’s quarterly revenue was down .7% on a year-over-year basis. Analysts forecast that Digital Realty Trust, Inc. will post 6.65 EPS for the current year.

Digital Realty Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Shareholders 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 yield of 2.95%. The ex-dividend date of this dividend was Friday, September 13th. Digital Realty Trust’s payout ratio is currently 135.56%.

Wall Street Analyst Weigh In

DLR has been the subject of a number of research analyst reports. Stifel Nicolaus lifted their price target on Digital Realty Trust from $165.00 to $175.00 and gave the company a “buy” rating in a research report on Friday, July 12th. Mizuho initiated coverage on Digital Realty Trust in a research report on Thursday, July 11th. They issued an “outperform” rating and a $170.00 target price for the company. Argus downgraded Digital Realty Trust from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Hsbc Global Res upgraded Digital Realty Trust from a “moderate sell” rating to a “hold” rating in a research report on Friday, October 4th. Finally, BMO Capital Markets upgraded Digital Realty Trust from a “market perform” rating to an “outperform” rating and boosted their target price for the stock from $144.00 to $170.00 in a research report on Wednesday, June 26th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Digital Realty Trust currently has an average rating of “Hold” and an average price target of $157.17.

Insider Buying and Selling at Digital Realty Trust

In other Digital Realty Trust news, Director Jean F. H. P. Mandeville sold 600 shares of the business’s stock in a transaction 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 transaction, the director now directly owns 9,055 shares of the company’s stock, valued at approximately $1,360,604.30. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.17% of the company’s stock.

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.