1776 Wealth LLC Sells 827 Shares of Digital Realty Trust, Inc. (NYSE:DLR)

1776 Wealth LLC decreased its holdings in Digital Realty Trust, Inc. (NYSE:DLR) by 12.5% during the 3rd quarter, Holdings Channel.com reports. The fund owned 5,775 shares of the real estate investment trust’s stock after selling 827 shares during the quarter. 1776 Wealth LLC’s holdings in Digital Realty Trust were worth $935,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in DLR. Meeder Asset Management Inc. bought a new position in shares of Digital Realty Trust in the second quarter valued at approximately $25,000. American Capital Advisory LLC purchased a new position in shares of Digital Realty Trust in the 2nd quarter worth about $27,000. Private Ocean LLC bought a new position in Digital Realty Trust during the second quarter valued at about $27,000. Gradient Investments LLC increased its holdings in Digital Realty Trust by 75.2% during the second quarter. Gradient Investments LLC now owns 177 shares of the real estate investment trust’s stock worth $27,000 after buying an additional 76 shares during the last quarter. Finally, Adirondack Trust Co. increased its holdings in Digital Realty Trust by 68.6% during the third quarter. Adirondack Trust Co. now owns 199 shares of the real estate investment trust’s stock worth $32,000 after buying an additional 81 shares during the last quarter. Institutional investors and hedge funds own 99.71% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on DLR. Truist Financial increased their target price on shares of Digital Realty Trust from $168.00 to $202.00 and gave the company a “buy” rating in a research report on Tuesday. Hsbc Global Res raised Digital Realty Trust from a “moderate sell” rating to a “hold” rating in a research report on Friday, October 4th. Raymond James upped their price target on Digital Realty Trust from $170.00 to $190.00 and gave the company a “strong-buy” rating in a research report on Friday, October 25th. Wells Fargo & Company lifted their price objective on Digital Realty Trust from $175.00 to $185.00 and gave the stock an “overweight” rating in a report on Friday, October 25th. Finally, Evercore ISI upped their price objective on shares of Digital Realty Trust from $160.00 to $175.00 and gave the company an “outperform” rating in a report on Wednesday, October 23rd. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $169.47.

Digital Realty Trust Trading Up 0.8 %

Shares of NYSE:DLR traded up $1.46 on Friday, hitting $179.67. The company had a trading volume of 2,998,646 shares, compared to its average volume of 1,864,825. The firm’s 50-day simple moving average is $166.56 and its two-hundred day simple moving average is $154.77. The firm has a market capitalization of $59.60 billion, a price-to-earnings ratio of 150.98, a P/E/G ratio of 4.73 and a beta of 0.59. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 0.81. Digital Realty Trust, Inc. has a 1 year low of $130.00 and a 1 year high of $193.88.

Digital Realty Trust (NYSE:DLR) last posted its quarterly earnings data on Thursday, October 24th. The real estate investment trust reported $0.09 earnings per share for the quarter, missing the consensus estimate of $1.67 by ($1.58). Digital Realty Trust had a net margin of 8.04% and a return on equity of 2.24%. The firm had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.43 billion. During the same period in the previous year, the firm posted $1.62 earnings per share. The business’s revenue was up 2.1% compared to the same quarter last year. Equities analysts anticipate that Digital Realty Trust, Inc. will post 6.71 earnings per share for the current fiscal year.

Digital Realty Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 17th. Shareholders of record on Friday, December 13th will be issued a $1.22 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a $4.88 dividend on an annualized basis and a yield of 2.72%. Digital Realty Trust’s dividend payout ratio (DPR) is 410.08%.

Digital Realty Trust Profile

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.