Shepherd Financial Partners LLC Raises Stock Holdings in Digital Realty Trust, Inc. (NYSE:DLR)

by · The Cerbat Gem

Shepherd Financial Partners LLC increased its stake in shares of Digital Realty Trust, Inc. (NYSE:DLR – Free Report) by 7.0% in the third quarter, HoldingsChannel reports. The firm owned 7,675 shares of the real estate investment trust’s stock after buying an additional 504 shares during the quarter. Shepherd Financial Partners LLC’s holdings in Digital Realty Trust were worth $1,242,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Meeder Asset Management Inc. acquired a new position in Digital Realty Trust in the second quarter valued at $25,000. American Capital Advisory LLC acquired a new position in shares of Digital Realty Trust during the 2nd quarter valued at about $27,000. Private Ocean LLC purchased a new position in shares of Digital Realty Trust during the 2nd quarter worth about $27,000. Gradient Investments LLC boosted its position in shares of Digital Realty Trust by 75.2% in the second quarter. Gradient Investments LLC now owns 177 shares of the real estate investment trust’s stock worth $27,000 after acquiring an additional 76 shares during the last quarter. Finally, Adirondack Trust Co. grew its holdings in Digital Realty Trust by 68.6% in the third quarter. Adirondack Trust Co. now owns 199 shares of the real estate investment trust’s stock valued at $32,000 after purchasing an additional 81 shares during the period. 99.71% of the stock is currently owned by hedge funds and other institutional investors.

Digital Realty Trust Stock Performance

Digital Realty Trust stock traded down $0.30 during midday trading on Friday, reaching $177.93. 279,750 shares of the stock traded hands, compared to its average volume of 1,831,595. Digital Realty Trust, Inc. has a fifty-two week low of $126.22 and a fifty-two week high of $193.88. The company has a current ratio of 1.61, a quick ratio of 1.78 and a debt-to-equity ratio of 0.81. The firm has a market cap of $58.26 billion, a price-to-earnings ratio of 149.75, a PEG ratio of 5.86 and a beta of 0.60. The firm has a fifty day moving average price of $160.27 and a two-hundred day moving average price of $151.71.

Digital Realty Trust (NYSE:DLR – Get Free Report) last issued its quarterly earnings data on Thursday, October 24th. The real estate investment trust reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.67 by ($1.58). Digital Realty Trust had a return on equity of 2.24% and a net margin of 8.04%. The business had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.43 billion. During the same quarter in the prior year, the firm posted $1.62 earnings per share. The business’s quarterly revenue was up 2.1% on a year-over-year basis. On average, equities research analysts forecast that Digital Realty Trust, Inc. will post 6.7 earnings per share for the current year.

Digital Realty Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, September 13th were issued a dividend of $1.22 per share. This represents a $4.88 dividend on an annualized basis and a dividend yield of 2.74%. The ex-dividend date was Friday, September 13th. Digital Realty Trust’s dividend payout ratio (DPR) is 410.08%.

Analyst Ratings Changes

Several research firms have recently commented on DLR. TD Cowen increased their target price on Digital Realty Trust from $120.00 to $128.00 and gave the company a “hold” rating in a research note on Friday, October 25th. Royal Bank of Canada increased their price objective on shares of Digital Realty Trust from $177.00 to $207.00 and gave the company an “outperform” rating in a research note on Monday. JPMorgan Chase & Co. boosted their target price on shares of Digital Realty Trust from $180.00 to $185.00 and gave the stock an “overweight” rating in a research report on Friday, October 25th. Mizuho assumed coverage on shares of Digital Realty Trust in a research report on Thursday, July 11th. They set an “outperform” rating and a $170.00 price target on the stock. Finally, HSBC raised Digital Realty Trust from a “reduce” rating to a “hold” rating and boosted their price objective for the company from $124.00 to $160.00 in a report on Friday, October 4th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Digital Realty Trust has an average rating of “Hold” and an average price target of $167.68.

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Digital Realty Trust Company Profile

(Free Report)

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.

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