Peterson Wealth Management Sells 120 Shares of Digital Realty Trust, Inc. (NYSE:DLR)

Peterson Wealth Management lessened its stake in Digital Realty Trust, Inc. (NYSE:DLR) by 0.8% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 14,348 shares of the real estate investment trust’s stock after selling 120 shares during the quarter. Digital Realty Trust comprises about 1.5% of Peterson Wealth Management’s investment portfolio, making the stock its 25th largest holding. Peterson Wealth Management’s holdings in Digital Realty Trust were worth $2,322,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in DLR. Meeder Asset Management Inc. bought a new stake in Digital Realty Trust in the second quarter valued at about $25,000. Gradient Investments LLC increased its holdings in Digital Realty Trust by 75.2% in the second quarter. Gradient Investments LLC now owns 177 shares of the real estate investment trust’s stock valued at $27,000 after purchasing an additional 76 shares during the last quarter. American Capital Advisory LLC bought a new stake in Digital Realty Trust in the second quarter valued at about $27,000. Private Ocean LLC bought a new stake in Digital Realty Trust in the second quarter valued at about $27,000. Finally, Asset Dedication LLC bought a new stake in Digital Realty Trust in the second quarter valued at about $31,000. Institutional investors own 99.71% of the company’s stock.

Digital Realty Trust Stock Performance

Shares of NYSE DLR opened at $195.28 on Friday. The stock has a 50 day moving average price of $172.40 and a 200 day moving average price of $157.79. Digital Realty Trust, Inc. has a 52 week low of $130.00 and a 52 week high of $195.93. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.61 and a current ratio of 1.61. The stock has a market capitalization of $64.78 billion, a PE ratio of 164.10, a price-to-earnings-growth ratio of 5.12 and a beta of 0.59.

Digital Realty Trust (NYSE:DLR) last issued its quarterly 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). Digital Realty Trust had a net margin of 8.04% and a return on equity of 2.24%. The company had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.43 billion. During the same period last year, the company posted $1.62 earnings per share. The business’s revenue for the quarter was up 2.1% on a year-over-year basis. Analysts predict that Digital Realty Trust, Inc. will post 6.71 earnings per share for the current fiscal year.

Digital Realty Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 17th. Shareholders of record on Friday, December 13th will be paid a $1.22 dividend. The ex-dividend date is Friday, December 13th. This represents a $4.88 annualized dividend and a yield of 2.50%. Digital Realty Trust’s dividend payout ratio is 410.08%.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on DLR. Argus cut Digital Realty Trust from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. TD Cowen boosted their target price 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. Evercore ISI boosted their target price on Digital Realty Trust from $160.00 to $175.00 and gave the company an “outperform” rating in a research note on Wednesday, October 23rd. JPMorgan Chase & Co. boosted their target price on Digital Realty Trust from $180.00 to $185.00 and gave the company an “overweight” rating in a research note on Friday, October 25th. Finally, Raymond James boosted their target price on Digital Realty Trust from $170.00 to $190.00 and gave the company a “strong-buy” rating in a research note on Friday, October 25th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $170.37.

Digital Realty Trust 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.