International Assets Investment Management LLC Cuts Stock Position in Digital Realty Trust, Inc. $DLR

International Assets Investment Management LLC lessened its stake in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 4.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,888 shares of the real estate investment trust’s stock after selling 86 shares during the quarter. International Assets Investment Management LLC’s holdings in Digital Realty Trust were worth $329,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the business. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in Digital Realty Trust in the second quarter worth $24,209,000. Chevy Chase Trust Holdings LLC raised its position in Digital Realty Trust by 0.7% in the second quarter. Chevy Chase Trust Holdings LLC now owns 167,219 shares of the real estate investment trust’s stock worth $29,151,000 after acquiring an additional 1,221 shares in the last quarter. Arista Wealth Management LLC purchased a new position in Digital Realty Trust in the second quarter worth $690,000. Stratos Wealth Partners LTD. raised its position in Digital Realty Trust by 45.0% in the second quarter. Stratos Wealth Partners LTD. now owns 10,032 shares of the real estate investment trust’s stock worth $1,749,000 after acquiring an additional 3,114 shares in the last quarter. Finally, Riverbend Wealth Management LLC raised its position in Digital Realty Trust by 3.0% in the second quarter. Riverbend Wealth Management LLC now owns 2,043 shares of the real estate investment trust’s stock worth $356,000 after acquiring an additional 60 shares in the last quarter. Hedge funds and other institutional investors own 99.71% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on DLR. Raymond James Financial increased their price objective on Digital Realty Trust from $190.00 to $205.00 and gave the stock a “strong-buy” rating in a research report on Friday, July 25th. Stifel Nicolaus upped their target price on Digital Realty Trust from $190.00 to $205.00 and gave the company a “buy” rating in a report on Friday, July 25th. Barclays upped their target price on Digital Realty Trust from $140.00 to $141.00 and gave the company an “underweight” rating in a report on Wednesday, August 20th. Weiss Ratings reissued a “buy (b-)” rating on shares of Digital Realty Trust in a report on Wednesday, October 8th. Finally, Wolfe Research raised Digital Realty Trust from a “peer perform” rating to an “outperform” rating and set a $194.00 target price on the stock in a report on Monday. Two investment analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $193.05.

Digital Realty Trust Stock Up 0.5%

DLR opened at $172.57 on Thursday. The business’s fifty day simple moving average is $170.23 and its 200 day simple moving average is $168.29. The company has a quick ratio of 2.22, a current ratio of 2.22 and a debt-to-equity ratio of 0.82. Digital Realty Trust, Inc. has a 52 week low of $129.95 and a 52 week high of $198.00. The firm has a market cap of $58.85 billion, a P/E ratio of 45.29, a PEG ratio of 4.83 and a beta of 0.96.

Digital Realty Trust (NYSE:DLR) last issued its quarterly earnings results on Thursday, July 24th. The real estate investment trust reported $1.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.74 by $0.13. Digital Realty Trust had a return on equity of 6.46% and a net margin of 23.98%.The firm had revenue of $1.49 billion for the quarter, compared to analyst estimates of $1.44 billion. During the same period last year, the company earned $1.65 EPS. The firm’s quarterly revenue was up 10.0% on a year-over-year basis. As a group, equities research analysts anticipate that Digital Realty Trust, Inc. will post 7.07 EPS for the current fiscal year.

Digital Realty Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th were paid a $1.22 dividend. This represents a $4.88 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date of this dividend was Monday, September 15th. Digital Realty Trust’s dividend payout ratio (DPR) is presently 128.08%.

Insider Transactions at Digital Realty Trust

In other Digital Realty Trust news, CEO Andrew Power sold 53,269 shares of the firm’s stock in a transaction dated Monday, September 15th. The stock was sold at an average price of $175.16, for a total value of $9,330,598.04. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.13% of the company’s stock.

Digital Realty Trust Profile

Digital Realty Trust, Inc operates as a real estate investment trust, which engages in the provision of data center, colocation and interconnection solutions. It serves the following industries: artificial intelligence (AI), networks, cloud, digital media, mobile, financial services, healthcare, and gaming.