Digital Realty Trust, Inc. $DLR Stock Sold by Cornerstone Advisors LLC

Cornerstone Advisors LLC decreased its holdings in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 11.4% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 82,291 shares of the real estate investment trust’s stock after selling 10,623 shares during the quarter. Cornerstone Advisors LLC’s holdings in Digital Realty Trust were worth $14,445,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Montecito Bank & Trust raised its holdings in shares of Digital Realty Trust by 413.2% during the third quarter. Montecito Bank & Trust now owns 22,915 shares of the real estate investment trust’s stock worth $4,022,000 after acquiring an additional 18,450 shares in the last quarter. NewEdge Advisors LLC boosted its position in Digital Realty Trust by 88.0% during the second quarter. NewEdge Advisors LLC now owns 43,832 shares of the real estate investment trust’s stock valued at $7,871,000 after purchasing an additional 20,513 shares during the last quarter. Benjamin Edwards Inc. grew its stake in Digital Realty Trust by 40.6% in the second quarter. Benjamin Edwards Inc. now owns 88,953 shares of the real estate investment trust’s stock valued at $15,978,000 after purchasing an additional 25,667 shares in the last quarter. Beacon Pointe Advisors LLC purchased a new position in Digital Realty Trust in the second quarter valued at about $3,286,000. Finally, Galaxy Digital Capital Management GP LLC acquired a new position in Digital Realty Trust in the 2nd quarter worth about $2,837,000. 99.71% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Digital Realty Trust news, Director Mark Patterson sold 200 shares of the stock in a transaction that occurred on Thursday, August 27th. The stock was sold at an average price of $193.96, for a total transaction of $38,792.00. Following the transaction, the director owned 6,322 shares in the company, valued at $1,226,215.12. This trade represents a 3.07% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 0.15% of the company’s stock.

Digital Realty Trust Trading Down 2.0%

Shares of NYSE:DLR opened at $179.82 on Friday. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 0.70. The stock has a market capitalization of $68.03 billion, a PE ratio of 22.57, a P/E/G ratio of 3.60 and a beta of 0.97. Digital Realty Trust, Inc. has a 1 year low of $146.23 and a 1 year high of $208.14. The firm has a fifty day moving average price of $179.71 and a 200 day moving average price of $183.86.

Digital Realty Trust (NYSE:DLR) last posted its earnings results on Thursday, October 29th. The real estate investment trust reported $0.48 earnings per share for the quarter, missing the consensus estimate of $0.52 by ($0.04). Digital Realty Trust had a net margin of 13.06% and a return on equity of 3.68%. The company had revenue of $1.90 billion for the quarter, compared to the consensus estimate of $1.75 billion. During the same quarter last year, the business earned $1.89 earnings per share. Digital Realty Trust’s quarterly revenue was up 20.6% on a year-over-year basis. Analysts expect that Digital Realty Trust, Inc. will post 8.40 EPS for the current fiscal year.

Digital Realty Trust Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 15th. Investors of record on Tuesday, December 15th will be issued a $1.22 dividend. This represents a $4.88 annualized dividend and a yield of 2.7%. The ex-dividend date is Tuesday, December 15th. Digital Realty Trust’s payout ratio is 204.18%.

Wall Street Analysts Forecast Growth

DLR has been the subject of a number of recent research reports. Royal Bank Of Canada raised their price target on Digital Realty Trust from $207.00 to $227.00 and gave the stock an “outperform” rating in a research note on Monday, July 27th. KeyCorp reiterated a “sector weight” rating on shares of Digital Realty Trust in a report on Friday, July 24th. Evercore reissued an “outperform” rating and issued a $240.00 price target on shares of Digital Realty Trust in a research note on Tuesday, August 18th. Rothschild & Co Redburn started coverage on Digital Realty Trust in a report on Monday, September 21st. They issued a “buy” rating and a $227.00 price objective on the stock. Finally, Freedom Broker cut their price objective on shares of Digital Realty Trust from $233.00 to $227.00 and set a “buy” rating on the stock in a research report on Friday, October 30th. Two research analysts have rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $221.53.

Digital Realty Trust Company Profile

Digital Realty Trust, Inc. is a real estate investment trust that owns, operates and develops data centers. Its facilities support customers’ IT infrastructure, including the equipment and systems used to store, process and exchange digital information. The company provides data center space and related services, including colocation, interconnection and access to cloud and network providers. Its PlatformDIGITAL offering connects businesses with customers, partners and service providers across its data center portfolio.