Romano Brothers AND Company Lowers Holdings in Digital Realty Trust, Inc. (NYSE:DLR)

Romano Brothers AND Company reduced its stake in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 0.5% during the 3rd quarter, HoldingsChannel reports. The fund owned 41,296 shares of the real estate investment trust’s stock after selling 223 shares during the period. Digital Realty Trust accounts for 0.8% of Romano Brothers AND Company’s portfolio, making the stock its 28th largest position. Romano Brothers AND Company’s holdings in Digital Realty Trust were worth $6,683,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of DLR. Meeder Asset Management Inc. purchased a new position in Digital Realty Trust during the second quarter worth approximately $25,000. American Capital Advisory LLC purchased a new position in shares of Digital Realty Trust in the 2nd quarter worth $27,000. Private Ocean LLC acquired a new position in Digital Realty Trust in the second quarter valued at $27,000. Gradient Investments LLC grew its position 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 valued at $27,000 after acquiring an additional 76 shares during the period. Finally, Adirondack Trust Co. increased its stake 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 acquiring an additional 81 shares during the last quarter. 99.71% of the stock is owned by institutional investors and hedge funds.

Digital Realty Trust Stock Up 0.3 %

DLR stock opened at $165.80 on Thursday. The firm has a 50 day simple moving average of $156.77 and a 200-day simple moving average of $150.27. The company has a market capitalization of $51.80 billion, a P/E ratio of 46.06, a PEG ratio of 5.08 and a beta of 0.60. Digital Realty Trust, Inc. has a twelve month low of $116.18 and a twelve month high of $166.57. The company has a current ratio of 1.78, a quick ratio of 1.78 and a debt-to-equity ratio of 0.81.

Digital Realty Trust (NYSE:DLR) last posted its quarterly earnings results on Thursday, July 25th. The real estate investment trust reported $0.20 EPS for the quarter, missing analysts’ consensus estimates of $1.63 by ($1.43). Digital Realty Trust had a return on equity of 5.93% and a net margin of 20.58%. The firm had revenue of $1.36 billion during the quarter, compared to analyst estimates of $1.38 billion. During the same quarter last year, the business posted $1.68 earnings per share. The firm’s revenue for the quarter was down .7% on a year-over-year basis. On average, equities research analysts predict that Digital Realty Trust, Inc. will post 6.65 earnings per share for the current fiscal year.

Digital Realty Trust Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, September 13th were given a $1.22 dividend. The ex-dividend date of this dividend was Friday, September 13th. This represents a $4.88 annualized dividend and a dividend yield of 2.94%. Digital Realty Trust’s payout ratio is 135.56%.

Insider Activity

In other Digital Realty Trust news, Director Jean F. H. P. Mandeville sold 600 shares of Digital Realty Trust stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $150.26, for a total value of $90,156.00. Following the completion of the transaction, the director now owns 9,055 shares of the company’s stock, valued at $1,360,604.30. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Company insiders own 0.17% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. The Goldman Sachs Group assumed coverage on Digital Realty Trust in a research note on Monday, July 1st. They issued a “buy” rating and a $175.00 price objective on the stock. Stifel Nicolaus boosted their price objective on shares of Digital Realty Trust from $165.00 to $175.00 and gave the stock a “buy” rating in a research note on Friday, July 12th. Evercore ISI raised their target price on shares of Digital Realty Trust from $160.00 to $175.00 and gave the company an “outperform” rating in a research note on Wednesday. Argus lowered shares of Digital Realty Trust from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Finally, Wells Fargo & Company increased their price target on Digital Realty Trust from $170.00 to $175.00 and gave the company an “overweight” rating in a report on Thursday, October 17th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $158.33.

Digital Realty Trust Company 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.