Digital Realty Trust, Inc. (NYSE:DLR) Shares Bought by Kingsview Wealth Management LLC

Kingsview Wealth Management LLC raised its position in Digital Realty Trust, Inc. (NYSE:DLR) by 11.9% in the 3rd quarter, Holdings Channel reports. The fund owned 2,549 shares of the real estate investment trust’s stock after acquiring an additional 272 shares during the period. Kingsview Wealth Management LLC’s holdings in Digital Realty Trust were worth $413,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Cerity Partners LLC increased its holdings in shares of Digital Realty Trust by 63.6% in the 3rd quarter. Cerity Partners LLC now owns 46,355 shares of the real estate investment trust’s stock valued at $7,502,000 after purchasing an additional 18,024 shares in the last quarter. Waddell & Associates LLC purchased a new position in shares of Digital Realty Trust in the 3rd quarter valued at about $317,000. Meridian Wealth Management LLC purchased a new position in shares of Digital Realty Trust in the 3rd quarter valued at about $3,582,000. Citigroup Inc. increased its holdings in shares of Digital Realty Trust by 4.4% in the 3rd quarter. Citigroup Inc. now owns 355,411 shares of the real estate investment trust’s stock valued at $57,516,000 after purchasing an additional 14,985 shares in the last quarter. Finally, Raymond James Trust N.A. increased its holdings in shares of Digital Realty Trust by 5.5% in the 3rd quarter. Raymond James Trust N.A. now owns 42,991 shares of the real estate investment trust’s stock valued at $6,957,000 after purchasing an additional 2,226 shares in the last quarter. Institutional investors and hedge funds own 99.71% of the company’s stock.

Analyst Upgrades and Downgrades

DLR has been the subject of a number of research analyst reports. TD Cowen increased their price target on shares of Digital Realty Trust from $120.00 to $128.00 and gave the company a “hold” rating in a report on Friday, October 25th. Raymond James raised their target price on shares of Digital Realty Trust from $170.00 to $190.00 and gave the company a “strong-buy” rating in a report on Friday, October 25th. Royal Bank of Canada raised their target price on shares of Digital Realty Trust from $177.00 to $207.00 and gave the company an “outperform” rating in a report on Monday, October 28th. Stifel Nicolaus raised their target price on shares of Digital Realty Trust from $195.00 to $205.00 and gave the company a “buy” rating in a report on Thursday, November 21st. Finally, Hsbc Global Res upgraded shares of Digital Realty Trust from a “moderate sell” rating to a “hold” rating in a report on Friday, October 4th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $170.37.

Digital Realty Trust Price Performance

DLR opened at $195.28 on Friday. The company’s 50 day simple moving average is $172.40 and its 200 day simple moving average is $157.79. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.61 and a current ratio of 1.61. Digital Realty Trust, Inc. has a 1 year low of $130.00 and a 1 year high of $195.93. The stock has a market capitalization of $64.78 billion, a PE ratio of 164.10, a P/E/G ratio of 5.12 and a beta of 0.59.

Digital Realty Trust (NYSE:DLR) last released its earnings results on Thursday, October 24th. The real estate investment trust reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.67 by ($1.58). Digital Realty Trust had a return on equity of 2.24% and a net margin of 8.04%. The company had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.43 billion. During the same period in the prior year, the business posted $1.62 earnings per share. Digital Realty Trust’s revenue was up 2.1% on a year-over-year basis. As a group, sell-side analysts expect that Digital Realty Trust, Inc. will post 6.71 EPS for the current year.

Digital Realty Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 17th. Shareholders of record on Friday, December 13th will be given a dividend of $1.22 per share. The ex-dividend date is Friday, December 13th. This represents a $4.88 dividend on an annualized basis and a yield of 2.50%. Digital Realty Trust’s dividend payout ratio (DPR) is 410.08%.

About Digital Realty Trust

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.