HBK Sorce Advisory LLC Takes Position in Digital Realty Trust, Inc. $DLR

HBK Sorce Advisory LLC purchased a new position in shares of Digital Realty Trust, Inc. (NYSE:DLR) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 5,512 shares of the real estate investment trust’s stock, valued at approximately $960,000.

Several other large investors have also modified their holdings of the company. Summit Place Financial Advisors LLC raised its position in Digital Realty Trust by 2.0% in the 2nd quarter. Summit Place Financial Advisors LLC now owns 2,857 shares of the real estate investment trust’s stock valued at $498,000 after purchasing an additional 57 shares during the last quarter. Riverbend Wealth Management LLC boosted its stake in shares of Digital Realty Trust by 3.0% during the second quarter. Riverbend Wealth Management LLC now owns 2,043 shares of the real estate investment trust’s stock worth $356,000 after buying an additional 60 shares during the period. Security National Bank of Sioux City Iowa IA grew its holdings in shares of Digital Realty Trust by 0.4% during the third quarter. Security National Bank of Sioux City Iowa IA now owns 14,335 shares of the real estate investment trust’s stock worth $2,478,000 after buying an additional 60 shares during the last quarter. EP Wealth Advisors LLC raised its stake in shares of Digital Realty Trust by 1.3% during the first quarter. EP Wealth Advisors LLC now owns 4,766 shares of the real estate investment trust’s stock worth $683,000 after purchasing an additional 63 shares during the last quarter. Finally, Telos Capital Management Inc. lifted its holdings in shares of Digital Realty Trust by 0.8% during the second quarter. Telos Capital Management Inc. now owns 8,089 shares of the real estate investment trust’s stock worth $1,410,000 after purchasing an additional 64 shares during the period. 99.71% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the stock. Cowen reaffirmed a “hold” rating on shares of Digital Realty Trust in a research note on Friday, October 24th. Weiss Ratings reissued a “hold (c+)” rating on shares of Digital Realty Trust in a report on Monday, December 22nd. JPMorgan Chase & Co. lifted their price target on shares of Digital Realty Trust from $200.00 to $210.00 and gave the company an “overweight” rating in a research report on Friday, October 24th. Stifel Nicolaus set a $210.00 price target on Digital Realty Trust in a report on Friday, October 24th. Finally, Moffett Nathanson lifted their price objective on Digital Realty Trust from $166.00 to $172.00 and gave the stock a “neutral” rating in a report on Friday, December 12th. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Digital Realty Trust currently has a consensus rating of “Moderate Buy” and an average target price of $197.55.

Digital Realty Trust Trading Up 0.4%

DLR opened at $155.65 on Tuesday. Digital Realty Trust, Inc. has a 1-year low of $129.95 and a 1-year high of $187.74. The stock has a market capitalization of $53.47 billion, a PE ratio of 40.22, a PEG ratio of 4.00 and a beta of 1.11. The company has a current ratio of 2.02, a quick ratio of 2.02 and a debt-to-equity ratio of 0.80. The firm has a 50-day moving average price of $161.65 and a two-hundred day moving average price of $168.26.

Digital Realty Trust (NYSE:DLR) last released its quarterly earnings results on Friday, October 31st. The real estate investment trust reported $0.15 EPS for the quarter. Digital Realty Trust had a net margin of 23.67% and a return on equity of 6.41%. The business had revenue of $1.58 billion for the quarter. As a group, equities analysts anticipate that Digital Realty Trust, Inc. will post 7.07 earnings per share for the current fiscal year.

Digital Realty Trust Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, January 16th. Stockholders of record on Monday, December 15th will be given a dividend of $1.22 per share. The ex-dividend date is Monday, December 15th. This represents a $4.88 dividend on an annualized basis and a dividend yield of 3.1%. Digital Realty Trust’s payout ratio is presently 126.10%.

Insider Activity

In related news, Director Mary Hogan Preusse sold 4,166 shares of the firm’s stock in a transaction dated Monday, December 1st. The stock was sold at an average price of $157.42, for a total value of $655,811.72. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.17% of the stock is owned by company insiders.

About Digital Realty Trust

Digital Realty Trust, Inc (NYSE: DLR) is a real estate investment trust that owns, acquires and operates carrier-neutral data centers and provides related colocation and interconnection solutions. The company focuses on large-scale, mission-critical facilities that support the physical infrastructure needs of cloud providers, enterprises, network operators and content companies. Digital Realty’s offerings are designed to enable secure, reliable and highly available IT infrastructure with an emphasis on power density, cooling, and physical security.

Digital Realty’s product set spans wholesale data center space, turnkey build-to-suit facilities, and retail colocation suites, complemented by interconnection services that allow customers to establish private and public connections to networks, cloud on-ramps and other ecosystem partners.