1776 Wealth LLC Has $935,000 Position in Digital Realty Trust, Inc. (NYSE:DLR)

1776 Wealth LLC lowered its holdings in Digital Realty Trust, Inc. (NYSE:DLR) by 12.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,775 shares of the real estate investment trust’s stock after selling 827 shares during the quarter. 1776 Wealth LLC’s holdings in Digital Realty Trust were worth $935,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Bessemer Group Inc. grew its holdings in shares of Digital Realty Trust by 102.1% in the 1st quarter. Bessemer Group Inc. now owns 19,528 shares of the real estate investment trust’s stock worth $2,813,000 after purchasing an additional 9,865 shares during the last quarter. Cetera Investment Advisers boosted its holdings in Digital Realty Trust by 295.5% during the first quarter. Cetera Investment Advisers now owns 31,665 shares of the real estate investment trust’s stock worth $4,561,000 after buying an additional 23,659 shares during the last quarter. QRG Capital Management Inc. grew its holdings in Digital Realty Trust by 652.4% during the second quarter. QRG Capital Management Inc. now owns 29,292 shares of the real estate investment trust’s stock valued at $4,454,000 after purchasing an additional 25,399 shares during the period. Choreo LLC increased its stake in Digital Realty Trust by 86.8% in the second quarter. Choreo LLC now owns 8,782 shares of the real estate investment trust’s stock valued at $1,336,000 after purchasing an additional 4,081 shares in the last quarter. Finally, Sei Investments Co. boosted its position in shares of Digital Realty Trust by 11.2% during the second quarter. Sei Investments Co. now owns 1,465,876 shares of the real estate investment trust’s stock worth $222,886,000 after purchasing an additional 147,689 shares in the last quarter. Institutional investors and hedge funds own 99.71% of the company’s stock.

Digital Realty Trust Trading Up 0.8 %

Shares of NYSE:DLR traded up $1.46 during mid-day trading on Friday, reaching $179.67. 2,998,646 shares of the company’s stock were exchanged, compared to its average volume of 1,864,825. The firm has a market capitalization of $59.60 billion, a price-to-earnings ratio of 150.98, a PEG ratio of 4.73 and a beta of 0.59. Digital Realty Trust, Inc. has a twelve month low of $130.00 and a twelve month high of $193.88. The business’s fifty day moving average price is $166.56 and its 200-day moving average price is $154.77. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.61 and a current ratio of 1.61.

Digital Realty Trust (NYSE:DLR) last announced 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). 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 during the quarter, compared to the consensus estimate of $1.43 billion. During the same quarter in the previous year, the company earned $1.62 earnings per share. The business’s revenue was up 2.1% on a year-over-year basis. On average, research analysts predict that Digital Realty Trust, Inc. will post 6.71 EPS for the current fiscal year.

Digital Realty Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 17th. Stockholders of record on Friday, December 13th will be given a dividend of $1.22 per share. This represents a $4.88 annualized dividend and a dividend yield of 2.72%. The ex-dividend date is Friday, December 13th. Digital Realty Trust’s dividend payout ratio (DPR) is 410.08%.

Wall Street Analyst Weigh In

Several brokerages recently commented on DLR. JPMorgan Chase & Co. raised their price objective on Digital Realty Trust from $180.00 to $185.00 and gave the stock an “overweight” rating in a research note on Friday, October 25th. Hsbc Global Res raised Digital Realty Trust from a “moderate sell” rating to a “hold” rating in a research report on Friday, October 4th. Barclays boosted their price objective on Digital Realty Trust from $130.00 to $135.00 and gave the company an “underweight” rating in a research report on Thursday, October 10th. Evercore ISI lifted their price target on shares of Digital Realty Trust from $160.00 to $175.00 and gave the company an “outperform” rating in a research note on Wednesday, October 23rd. Finally, Jefferies Financial Group increased their price objective on shares of Digital Realty Trust from $190.00 to $205.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Digital Realty Trust currently has a consensus rating of “Hold” and an average price target of $169.47.

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.