Hudson Valley Investment Advisors Inc. ADV Boosts Stock Holdings in Digital Realty Trust, Inc. (NYSE:DLR)

Hudson Valley Investment Advisors Inc. ADV lifted its holdings in Digital Realty Trust, Inc. (NYSE:DLR) by 6.4% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 2,484 shares of the real estate investment trust’s stock after purchasing an additional 150 shares during the period. Hudson Valley Investment Advisors Inc. ADV’s holdings in Digital Realty Trust were worth $402,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. First Trust Direct Indexing L.P. boosted its position in Digital Realty Trust by 5.0% during the third quarter. First Trust Direct Indexing L.P. now owns 12,371 shares of the real estate investment trust’s stock valued at $2,002,000 after purchasing an additional 585 shares in the last quarter. Capstone Triton Financial Group LLC purchased a new stake in shares of Digital Realty Trust during the third quarter valued at about $1,244,000. Highline Wealth Partners LLC bought a new stake in shares of Digital Realty Trust in the 3rd quarter valued at about $3,552,000. Pathway Financial Advisers LLC grew its position in shares of Digital Realty Trust by 15,301.1% in 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 buying an additional 1,838,278 shares during the last quarter. Finally, Adell Harriman & Carpenter Inc. raised its stake in shares of Digital Realty Trust by 6.6% during the 3rd quarter. Adell Harriman & Carpenter Inc. now owns 33,483 shares of the real estate investment trust’s stock worth $5,419,000 after acquiring an additional 2,075 shares in the last quarter. 99.71% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on DLR shares. Mizuho began coverage on shares of Digital Realty Trust in a report on Thursday, July 11th. They issued an “outperform” rating and a $170.00 price target on the stock. Raymond James boosted their target price on Digital Realty Trust from $170.00 to $190.00 and gave the stock a “strong-buy” rating in a research note on Friday, October 25th. TD Cowen increased their price target on Digital Realty Trust from $120.00 to $128.00 and gave the company a “hold” rating in a research note on Friday, October 25th. Barclays upped their price objective on shares of Digital Realty Trust from $130.00 to $135.00 and gave the company an “underweight” rating in a report on Thursday, October 10th. Finally, Evercore ISI lifted their target price on shares of Digital Realty Trust from $160.00 to $175.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 23rd. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Digital Realty Trust presently has a consensus rating of “Hold” and an average target price of $167.68.

Digital Realty Trust Price Performance

NYSE:DLR opened at $178.20 on Friday. The firm’s fifty day moving average is $160.27 and its two-hundred day moving average is $151.71. The firm has a market cap of $58.34 billion, a price-to-earnings ratio of 149.75, a PEG ratio of 5.08 and a beta of 0.60. Digital Realty Trust, Inc. has a one year low of $121.78 and a one year high of $193.88. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.78 and a current ratio of 1.78.

Digital Realty Trust (NYSE:DLR) last posted its earnings results on Thursday, October 24th. The real estate investment trust reported $0.09 EPS for the quarter, missing the consensus estimate of $1.67 by ($1.58). The company had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.43 billion. Digital Realty Trust had a return on equity of 5.93% and a net margin of 20.58%. The firm’s revenue was up 2.1% on a year-over-year basis. During the same period last year, the business earned $1.62 earnings per share. Research analysts expect that Digital Realty Trust, Inc. will post 6.65 EPS for the current year.

Digital Realty Trust Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, September 13th were paid a $1.22 dividend. This represents a $4.88 annualized dividend and a dividend yield of 2.74%. The ex-dividend date was Friday, September 13th. Digital Realty Trust’s dividend payout ratio is currently 410.08%.

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.