Integrated Advisors Network LLC Sells 13,043 Shares of Digital Realty Trust, Inc. $DLR

Integrated Advisors Network LLC lessened its stake in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 79.8% during the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 3,311 shares of the real estate investment trust’s stock after selling 13,043 shares during the quarter. Integrated Advisors Network LLC’s holdings in Digital Realty Trust were worth $581,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. BlackRock Inc. bought a new position in shares of Digital Realty Trust in the 2nd quarter valued at $7,277,032,000. Bank of America Corp DE bought a new stake in Digital Realty Trust during the 2nd quarter worth $1,605,671,000. Canada Pension Plan Investment Board bought a new stake in Digital Realty Trust during the 2nd quarter worth $1,178,095,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in Digital Realty Trust by 17,256.9% in the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,890,993 shares of the real estate investment trust’s stock worth $878,325,000 after purchasing an additional 4,862,814 shares in the last quarter. Finally, Legal & General Group Plc acquired a new position in Digital Realty Trust in the 2nd quarter worth about $691,559,000. Institutional investors own 99.71% of the company’s stock.

Digital Realty Trust Stock Up 0.9%

Shares of DLR opened at $172.51 on Friday. The company has a market capitalization of $64.00 billion, a PE ratio of 21.58, a PEG ratio of 3.29 and a beta of 0.99. Digital Realty Trust, Inc. has a 12 month low of $146.23 and a 12 month high of $208.14. The stock’s 50-day moving average price is $182.88 and its two-hundred day moving average price is $186.93. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.68.

Digital Realty Trust (NYSE:DLR) last released its quarterly earnings results on Thursday, July 23rd. The real estate investment trust reported $1.21 EPS for the quarter, missing analysts’ consensus estimates of $1.98 by ($0.77). The company had revenue of $1.92 billion during the quarter, compared to the consensus estimate of $1.66 billion. Digital Realty Trust had a net margin of 11.80% and a return on equity of 3.34%. The company’s quarterly revenue was up 28.9% on a year-over-year basis. During the same quarter last year, the firm posted $1.87 EPS. On average, analysts anticipate that Digital Realty Trust, Inc. will post 8.37 EPS for the current year.

Digital Realty Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th were given a dividend of $1.22 per share. This represents a $4.88 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date was Tuesday, September 15th. Digital Realty Trust’s dividend payout ratio (DPR) is 236.89%.

Insider Activity at Digital Realty Trust

In related news, Director Mark Patterson sold 200 shares of Digital Realty Trust stock in a transaction that occurred on Thursday, August 27th. The stock was sold at an average price of $193.96, for a total value of $38,792.00. Following the transaction, the director directly owned 6,322 shares of the company’s stock, valued at $1,226,215.12. The trade was a 3.07% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.15% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the company. Wells Fargo & Company upgraded Digital Realty Trust from an “overweight” rating to a “buy” rating in a research report on Wednesday, August 5th. JPMorgan Chase & Co. boosted their price target on Digital Realty Trust from $230.00 to $235.00 and gave the stock an “overweight” rating in a report on Friday, July 24th. HSBC lowered their price objective on Digital Realty Trust from $240.00 to $235.00 and set a “buy” rating for the company in a research note on Wednesday, September 23rd. KeyCorp reiterated a “sector weight” rating on shares of Digital Realty Trust in a report on Friday, July 24th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $229.00 target price on shares of Digital Realty Trust in a research report on Monday, July 27th. Two analysts have rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, Digital Realty Trust presently has an average rating of “Moderate Buy” and an average price target of $219.78.

Digital Realty Trust Company Profile

Digital Realty Trust, Inc is a real estate investment trust that owns, operates and develops data center facilities for businesses, cloud service providers, information technology companies and telecommunications organizations. The company provides the physical infrastructure needed to support data storage, networking, cloud computing and other digital operations.

Its services include data center colocation, interconnection and private connectivity solutions. Digital Realty also offers access to cloud and network providers through its PlatformDIGITAL platform, which is designed to help customers deploy, connect and manage their digital infrastructure across multiple locations.

Founded in 2001, Digital Realty serves customers through a global portfolio of data centers and related facilities across North America, Europe, Asia-Pacific and Latin America.