Walter & Keenan Wealth Management LLC IN ADV Sells 455 Shares of Digital Realty Trust, Inc. (NYSE:DLR)

Walter & Keenan Wealth Management LLC IN ADV trimmed its holdings in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 4.7% in the third quarter, according to its most recent filing with the SEC. The firm owned 9,179 shares of the real estate investment trust’s stock after selling 455 shares during the period. Walter & Keenan Wealth Management LLC IN ADV’s holdings in Digital Realty Trust were worth $1,485,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in DLR. Bessemer Group Inc. lifted its holdings in Digital Realty Trust by 102.1% during the 1st quarter. Bessemer Group Inc. now owns 19,528 shares of the real estate investment trust’s stock valued at $2,813,000 after purchasing an additional 9,865 shares during the last quarter. Cetera Investment Advisers lifted its holdings in Digital Realty Trust by 295.5% during the 1st quarter. Cetera Investment Advisers now owns 31,665 shares of the real estate investment trust’s stock valued at $4,561,000 after purchasing an additional 23,659 shares during the last quarter. QRG Capital Management Inc. lifted its holdings in Digital Realty Trust by 652.4% during the 2nd 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 last quarter. Choreo LLC increased its position in Digital Realty Trust by 86.8% in the 2nd quarter. Choreo LLC now owns 8,782 shares of the real estate investment trust’s stock valued at $1,336,000 after acquiring an additional 4,081 shares in the last quarter. Finally, Sei Investments Co. increased its position in Digital Realty Trust by 11.2% in the 2nd quarter. Sei Investments Co. now owns 1,465,876 shares of the real estate investment trust’s stock valued at $222,886,000 after acquiring an additional 147,689 shares in the last quarter. 99.71% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the stock. TD Cowen raised their price objective on shares of Digital Realty Trust from $120.00 to $128.00 and gave the company a “hold” rating in a research report on Friday, October 25th. Argus cut shares of Digital Realty Trust from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Barclays raised their price objective on shares of Digital Realty Trust from $130.00 to $135.00 and gave the company an “underweight” rating in a research report on Thursday, October 10th. Wells Fargo & Company raised their price objective on shares of Digital Realty Trust from $175.00 to $185.00 and gave the company an “overweight” rating in a research report on Friday, October 25th. Finally, Royal Bank of Canada lifted their price target on shares of Digital Realty Trust from $177.00 to $207.00 and gave the stock an “outperform” rating in a research report on Monday. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $167.68.

Insider Transactions at Digital Realty Trust

In related 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 transaction, the director now directly owns 9,055 shares in the company, 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 filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.17% of the stock is currently owned by insiders.

Digital Realty Trust Stock Down 0.3 %

Shares of NYSE DLR opened at $182.80 on Wednesday. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.78 and a current ratio of 1.78. Digital Realty Trust, Inc. has a 52-week low of $121.38 and a 52-week high of $193.88. The firm has a 50 day moving average price of $159.07 and a 200 day moving average price of $151.30. The stock has a market cap of $59.85 billion, a P/E ratio of 153.61, a P/E/G ratio of 5.08 and a beta of 0.60.

Digital Realty Trust (NYSE:DLR) last announced its quarterly earnings results on Thursday, October 24th. The real estate investment trust reported $0.09 earnings per share for the quarter, missing analysts’ consensus estimates of $1.67 by ($1.58). Digital Realty Trust had a net margin of 20.58% and a return on equity of 5.93%. The company had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.43 billion. During the same period in the previous year, the firm posted $1.62 EPS. The business’s quarterly revenue was up 2.1% compared to the same quarter last year. Analysts expect that Digital Realty Trust, Inc. will post 6.65 EPS for the current year.

Digital Realty Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, September 13th were given a $1.22 dividend. This represents a $4.88 dividend on an annualized basis and a dividend yield of 2.67%. The ex-dividend date was Friday, September 13th. Digital Realty Trust’s dividend payout ratio is presently 410.08%.

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.