Prime Capital Investment Advisors LLC Sells 199 Shares of Digital Realty Trust, Inc. (NYSE:DLR)

Prime Capital Investment Advisors LLC trimmed its holdings in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 3.0% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,424 shares of the real estate investment trust’s stock after selling 199 shares during the quarter. Prime Capital Investment Advisors LLC’s holdings in Digital Realty Trust were worth $1,040,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Clear Creek Financial Management LLC boosted its holdings in shares of Digital Realty Trust by 1.6% in the 3rd quarter. Clear Creek Financial Management LLC now owns 3,836 shares of the real estate investment trust’s stock worth $621,000 after buying an additional 59 shares during the last quarter. Trueblood Wealth Management LLC boosted its stake in Digital Realty Trust by 3.1% in the third quarter. Trueblood Wealth Management LLC now owns 2,061 shares of the real estate investment trust’s stock valued at $334,000 after acquiring an additional 61 shares during the last quarter. Gilman Hill Asset Management LLC increased its stake in shares of Digital Realty Trust by 1.1% during the 2nd quarter. Gilman Hill Asset Management LLC now owns 6,179 shares of the real estate investment trust’s stock worth $940,000 after purchasing an additional 65 shares during the last quarter. GHP Investment Advisors Inc. lifted its stake in Digital Realty Trust by 14.3% in the third quarter. GHP Investment Advisors Inc. now owns 527 shares of the real estate investment trust’s stock valued at $85,000 after purchasing an additional 66 shares during the last quarter. Finally, Telos Capital Management Inc. grew its holdings in Digital Realty Trust by 0.8% during the third quarter. Telos Capital Management Inc. now owns 8,569 shares of the real estate investment trust’s stock valued at $1,387,000 after purchasing an additional 71 shares during the period. Hedge funds and other institutional investors own 99.71% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Scotiabank boosted their target price on 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. HSBC raised shares of Digital Realty Trust from a “reduce” rating to a “hold” rating and upped their price objective for the company from $124.00 to $160.00 in a report on Friday, October 4th. Jefferies Financial Group boosted their price target on shares of Digital Realty Trust from $190.00 to $205.00 and gave the company a “buy” rating in a research report on Friday, October 25th. Argus downgraded shares of Digital Realty Trust from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Finally, Evercore ISI boosted their target price on shares of Digital Realty Trust from $160.00 to $175.00 and gave the company an “outperform” rating in a report on Wednesday, October 23rd. Two analysts have rated the stock with a sell rating, nine have issued a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $169.47.

Digital Realty Trust Price Performance

DLR stock opened at $178.17 on Friday. The firm has a 50 day simple moving average of $165.37 and a two-hundred day simple moving average of $154.35. 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 stock has a market cap of $59.10 billion, a PE ratio of 149.72, a P/E/G ratio of 4.80 and a beta of 0.59. Digital Realty Trust, Inc. has a one year low of $130.00 and a one year high of $193.88.

Digital Realty Trust (NYSE:DLR) last released its 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 firm had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.43 billion. During the same period in the prior year, the company earned $1.62 EPS. The firm’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 fiscal year.

Digital Realty Trust Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 17th. Shareholders of record on Friday, December 13th will be given a dividend of $1.22 per share. This represents a $4.88 dividend on an annualized basis and a yield of 2.74%. The ex-dividend date of this dividend is Friday, December 13th. Digital Realty Trust’s 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.