Franklin Street Advisors Inc. NC Decreases Stock Position in Digital Realty Trust, Inc. $DLR

Franklin Street Advisors Inc. NC decreased its position in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 11.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 56,154 shares of the real estate investment trust’s stock after selling 7,543 shares during the period. Franklin Street Advisors Inc. NC’s holdings in Digital Realty Trust were worth $9,708,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. South Plains Financial Inc. boosted its stake in Digital Realty Trust by 280.5% during the second quarter. South Plains Financial Inc. now owns 156 shares of the real estate investment trust’s stock valued at $27,000 after buying an additional 115 shares during the last quarter. Tobam purchased a new stake in shares of Digital Realty Trust during the 2nd quarter worth approximately $28,000. AdvisorShares Investments LLC bought a new position in shares of Digital Realty Trust during the 2nd quarter valued at approximately $32,000. NewSquare Capital LLC grew its holdings in shares of Digital Realty Trust by 149.3% in the second quarter. NewSquare Capital LLC now owns 187 shares of the real estate investment trust’s stock valued at $33,000 after purchasing an additional 112 shares in the last quarter. Finally, AlphaQuest LLC increased its position in Digital Realty Trust by 163.5% in the second quarter. AlphaQuest LLC now owns 195 shares of the real estate investment trust’s stock worth $34,000 after purchasing an additional 121 shares during the last quarter. 99.71% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have commented on DLR. Barclays increased their price objective on shares of Digital Realty Trust from $141.00 to $161.00 and gave the company an “underweight” rating in a research report on Monday, October 27th. Truist Financial increased their price target on shares of Digital Realty Trust from $199.00 to $200.00 and gave the company a “buy” rating in a report on Wednesday, November 5th. Citigroup boosted their price objective on Digital Realty Trust from $200.00 to $212.00 and gave the stock a “buy” rating in a research note on Wednesday, October 29th. Weiss Ratings restated a “hold (c+)” rating on shares of Digital Realty Trust in a research report on Monday. Finally, Loop Capital set a $205.00 target price on Digital Realty Trust in a report on Monday, October 27th. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Digital Realty Trust presently has a consensus rating of “Moderate Buy” and an average target price of $197.55.

Digital Realty Trust Stock Performance

Digital Realty Trust stock opened at $150.11 on Friday. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.02 and a quick ratio of 2.02. The firm has a market capitalization of $51.56 billion, a P/E ratio of 38.79, a price-to-earnings-growth ratio of 3.82 and a beta of 1.11. Digital Realty Trust, Inc. has a 1-year low of $129.95 and a 1-year high of $187.74. The company’s 50-day moving average is $163.90 and its 200 day moving average is $169.28.

Digital Realty Trust (NYSE:DLR) last released its earnings results on Friday, October 31st. The real estate investment trust reported $0.15 EPS for the quarter. Digital Realty Trust had a return on equity of 6.41% and a net margin of 23.67%.The firm had revenue of $1.58 billion for the quarter. Research analysts forecast that Digital Realty Trust, Inc. will post 7.07 EPS for the current year.

Digital Realty Trust Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 16th. Shareholders of record on Monday, December 15th will be paid a $1.22 dividend. The ex-dividend date is Monday, December 15th. This represents a $4.88 dividend on an annualized basis and a yield of 3.3%. Digital Realty Trust’s dividend payout ratio (DPR) is presently 126.10%.

Insider Buying and Selling at Digital Realty Trust

In other news, Director Mary Hogan Preusse sold 4,166 shares of the business’s stock in a transaction on Monday, December 1st. The shares were sold at an average price of $157.42, for a total transaction of $655,811.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.13% of the company’s stock.

Digital Realty Trust Company Profile

Digital Realty Trust, Inc (NYSE: DLR) is a real estate investment trust that owns, acquires and operates carrier-neutral data centers and provides related colocation and interconnection solutions. The company focuses on large-scale, mission-critical facilities that support the physical infrastructure needs of cloud providers, enterprises, network operators and content companies. Digital Realty’s offerings are designed to enable secure, reliable and highly available IT infrastructure with an emphasis on power density, cooling, and physical security.

Digital Realty’s product set spans wholesale data center space, turnkey build-to-suit facilities, and retail colocation suites, complemented by interconnection services that allow customers to establish private and public connections to networks, cloud on-ramps and other ecosystem partners.