Digital Realty Trust, Inc. (NYSE:DLR) Shares Sold by Romano Brothers AND Company

Romano Brothers AND Company decreased its holdings in Digital Realty Trust, Inc. (NYSE:DLR) by 0.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 41,296 shares of the real estate investment trust’s stock after selling 223 shares during the quarter. Digital Realty Trust comprises 0.8% of Romano Brothers AND Company’s investment portfolio, making the stock its 28th largest holding. Romano Brothers AND Company’s holdings in Digital Realty Trust were worth $6,683,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of DLR. Massachusetts Financial Services Co. MA raised its stake in Digital Realty Trust by 543.6% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 1,447,340 shares of the real estate investment trust’s stock valued at $220,068,000 after acquiring an additional 1,773,591 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of Digital Realty Trust by 2.0% in the first quarter. Vanguard Group Inc. now owns 48,503,593 shares of the real estate investment trust’s stock valued at $6,986,458,000 after purchasing an additional 951,567 shares during the period. Wulff Hansen & CO. raised its stake in shares of Digital Realty Trust by 15,105.0% during the second quarter. Wulff Hansen & CO. now owns 795,830 shares of the real estate investment trust’s stock worth $121,006,000 after purchasing an additional 790,596 shares during the last quarter. Electron Capital Partners LLC lifted its holdings in shares of Digital Realty Trust by 220.7% during the second quarter. Electron Capital Partners LLC now owns 1,041,594 shares of the real estate investment trust’s stock worth $158,374,000 after purchasing an additional 716,816 shares during the period. Finally, Daiwa Securities Group Inc. grew its position in Digital Realty Trust by 16.8% in the 2nd quarter. Daiwa Securities Group Inc. now owns 4,725,971 shares of the real estate investment trust’s stock valued at $718,584,000 after buying an additional 678,165 shares during the last quarter. Institutional investors and hedge funds own 99.71% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have commented on DLR. Evercore ISI upped their price objective on shares of Digital Realty Trust from $160.00 to $175.00 and gave the stock an “outperform” rating in a research report on Wednesday. HSBC upgraded shares of Digital Realty Trust from a “reduce” rating to a “hold” rating and raised their price objective for the company from $124.00 to $160.00 in a research report on Friday, October 4th. Truist Financial boosted their target price on Digital Realty Trust from $160.00 to $168.00 and gave the stock a “buy” rating in a research report on Tuesday, August 13th. The Goldman Sachs Group assumed coverage on Digital Realty Trust in a report on Monday, July 1st. They issued a “buy” rating and a $175.00 price target for the company. Finally, Mizuho began coverage on Digital Realty Trust in a report on Thursday, July 11th. They set an “outperform” rating and a $170.00 price objective on the stock. 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 stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $158.33.

Digital Realty Trust Trading Up 0.3 %

Shares of DLR opened at $165.80 on Thursday. Digital Realty Trust, Inc. has a 1-year low of $116.18 and a 1-year high of $166.57. 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 firm has a 50 day simple moving average of $156.77 and a 200-day simple moving average of $150.27. The stock has a market cap of $51.80 billion, a price-to-earnings ratio of 46.06, a price-to-earnings-growth ratio of 5.08 and a beta of 0.60.

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

Digital Realty Trust Announces Dividend

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 yield of 2.94%. The ex-dividend date was Friday, September 13th. Digital Realty Trust’s payout ratio is 135.56%.

Insider Buying and Selling at Digital Realty Trust

In other news, Director Jean F. H. P. Mandeville sold 600 shares of Digital Realty Trust stock in a transaction dated 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 sale, the director now directly owns 9,055 shares in the company, valued at $1,360,604.30. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.17% of the stock is owned by insiders.

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.