Symphony Financial Ltd. Co. Lowers Holdings in Digital Realty Trust, Inc. (NYSE:DLR)

Symphony Financial Ltd. Co. cut its stake in Digital Realty Trust, Inc. (NYSE:DLR) by 0.6% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 14,686 shares of the real estate investment trust’s stock after selling 94 shares during the period. Symphony Financial Ltd. Co.’s holdings in Digital Realty Trust were worth $2,367,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the stock. Meeder Asset Management Inc. purchased a new stake in shares of Digital Realty Trust during the 2nd quarter valued at $25,000. American Capital Advisory LLC purchased a new position in shares of Digital Realty Trust in the 2nd quarter worth about $27,000. Private Ocean LLC acquired a new position in shares of Digital Realty Trust in the 2nd quarter valued at about $27,000. Gradient Investments LLC increased its position in Digital Realty Trust by 75.2% during the 2nd quarter. Gradient Investments LLC now owns 177 shares of the real estate investment trust’s stock worth $27,000 after purchasing an additional 76 shares in the last quarter. Finally, Adirondack Trust Co. lifted its position in Digital Realty Trust by 68.6% during the third quarter. Adirondack Trust Co. now owns 199 shares of the real estate investment trust’s stock valued at $32,000 after buying an additional 81 shares in the last quarter. 99.71% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other 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 completion of the transaction, the director now 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.17% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of equities analysts have recently commented on DLR shares. BMO Capital Markets raised shares of Digital Realty Trust from a “market perform” rating to an “outperform” rating and raised their target price for the company from $144.00 to $170.00 in a research note on Wednesday, June 26th. Barclays increased their target price on Digital Realty Trust from $130.00 to $135.00 and gave the company an “underweight” rating in a research note on Thursday, October 10th. Argus cut Digital Realty Trust from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Stifel Nicolaus increased their price objective on shares of Digital Realty Trust from $165.00 to $175.00 and gave the company a “buy” rating in a research report on Friday, July 12th. Finally, TD Cowen reduced their target price on shares of Digital Realty Trust from $122.00 to $120.00 and set a “hold” rating on the stock in a research report on Friday, July 26th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $157.17.

Digital Realty Trust Stock Performance

DLR traded up $0.05 during trading hours on Tuesday, hitting $165.25. 1,497,575 shares of the stock were exchanged, compared to its average volume of 1,814,785. The stock has a market cap of $51.63 billion, a price-to-earnings ratio of 45.88, a price-to-earnings-growth ratio of 5.08 and a beta of 0.60. The stock has a 50-day simple moving average of $156.16 and a 200-day simple moving average of $150.01. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.78 and a quick ratio of 1.78. Digital Realty Trust, Inc. has a 12 month low of $113.94 and a 12 month high of $166.29.

Digital Realty Trust (NYSE:DLR) last posted its quarterly earnings results on Thursday, July 25th. The real estate investment trust reported $0.20 EPS for the quarter, missing the consensus estimate of $1.63 by ($1.43). The business had revenue of $1.36 billion during the quarter, compared to analyst estimates of $1.38 billion. Digital Realty Trust had a net margin of 20.58% and a return on equity of 5.93%. The company’s quarterly revenue was down .7% on a year-over-year basis. During the same period last year, the firm posted $1.68 earnings per share. Analysts anticipate that Digital Realty Trust, Inc. will post 6.65 earnings per share for the current year.

Digital Realty Trust Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, September 13th were issued a $1.22 dividend. This represents a $4.88 annualized dividend and a dividend yield of 2.95%. The ex-dividend date was Friday, September 13th. Digital Realty Trust’s dividend payout ratio (DPR) is 135.56%.

Digital Realty Trust Company 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.