Bogart Wealth LLC Reduces Holdings in Digital Realty Trust, Inc. (NYSE:DLR)

Bogart Wealth LLC lessened its stake in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 0.8% during the third quarter, Holdings Channel.com reports. The institutional investor owned 68,191 shares of the real estate investment trust’s stock after selling 534 shares during the period. Bogart Wealth LLC’s holdings in Digital Realty Trust were worth $11,035,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake in shares of Digital Realty Trust by 2.0% during the first quarter. Vanguard Group Inc. now owns 48,503,593 shares of the real estate investment trust’s stock valued at $6,986,458,000 after acquiring an additional 951,567 shares during the last quarter. Canada Pension Plan Investment Board lifted its holdings in Digital Realty Trust by 3.1% in the 2nd quarter. Canada Pension Plan Investment Board now owns 4,826,432 shares of the real estate investment trust’s stock valued at $733,859,000 after purchasing an additional 146,183 shares in the last quarter. Legal & General Group Plc boosted its stake in shares of Digital Realty Trust by 2.8% during the 2nd quarter. Legal & General Group Plc now owns 4,730,168 shares of the real estate investment trust’s stock worth $719,222,000 after purchasing an additional 129,799 shares during the last quarter. Daiwa Securities Group Inc. grew its holdings in shares of Digital Realty Trust by 16.8% during the second quarter. Daiwa Securities Group Inc. now owns 4,725,971 shares of the real estate investment trust’s stock worth $718,584,000 after buying an additional 678,165 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its position in shares of Digital Realty Trust by 5.3% in the second quarter. Dimensional Fund Advisors LP now owns 4,541,327 shares of the real estate investment trust’s stock valued at $690,498,000 after buying an additional 228,585 shares during the last quarter. Hedge funds and other institutional investors own 99.71% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the stock. Truist Financial raised their target price on shares of Digital Realty Trust from $160.00 to $168.00 and gave the stock a “buy” rating in a research report on Tuesday, August 13th. Mizuho assumed coverage on Digital Realty Trust in a report on Thursday, July 11th. They set an “outperform” rating and a $170.00 price objective on the stock. Evercore ISI increased their target price on Digital Realty Trust from $160.00 to $175.00 and gave the stock an “outperform” rating in a research report on Wednesday. The Goldman Sachs Group assumed coverage on Digital Realty Trust in a report on Monday, July 1st. They issued a “buy” rating and a $175.00 price target for the company. Finally, Barclays boosted their target price on shares of Digital Realty Trust from $130.00 to $135.00 and gave the company an “underweight” rating in a report on Thursday, October 10th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $158.33.

Insider Transactions at Digital Realty Trust

In related news, Director Jean F. H. P. Mandeville sold 600 shares of Digital Realty Trust stock in a transaction dated Thursday, August 1st. The stock was 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 directly owns 9,055 shares in the company, valued at approximately $1,360,604.30. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.17% of the company’s stock.

Digital Realty Trust Stock Down 0.7 %

NYSE DLR traded down $1.10 during mid-day trading on Thursday, reaching $164.70. 391,713 shares of the company’s stock traded hands, compared to its average volume of 1,805,298. 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, Inc. has a 1-year low of $116.18 and a 1-year high of $166.60. The company has a fifty day simple moving average of $156.77 and a 200-day simple moving average of $150.27. The company has a market cap of $51.46 billion, a price-to-earnings ratio of 46.06, a P/E/G ratio of 5.08 and a beta of 0.60.

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

Digital Realty Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 13th were issued a dividend of $1.22 per share. This represents a $4.88 annualized dividend and a yield of 2.96%. The ex-dividend date of this dividend was Friday, September 13th. Digital Realty Trust’s dividend payout ratio is currently 135.56%.

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.