Raymond James Trust N.A. Grows Holdings in Digital Realty Trust, Inc. (NYSE:DLR)

Raymond James Trust N.A. grew its stake in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 2.1% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 40,765 shares of the real estate investment trust’s stock after buying an additional 836 shares during the period. Raymond James Trust N.A.’s holdings in Digital Realty Trust were worth $6,198,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in DLR. Gradient Investments LLC raised 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 purchasing an additional 76 shares in the last quarter. Rise Advisors LLC increased its position in shares of Digital Realty Trust by 1,125.0% during the 1st quarter. Rise Advisors LLC now owns 196 shares of the real estate investment trust’s stock valued at $28,000 after purchasing an additional 180 shares during the last quarter. GoalVest Advisory LLC purchased a new position in shares of Digital Realty Trust during the 1st quarter valued at about $29,000. Bfsg LLC bought a new stake in Digital Realty Trust in the 4th quarter worth approximately $31,000. Finally, Future Financial Wealth Managment LLC purchased a new stake in Digital Realty Trust in the first quarter worth approximately $34,000. 99.71% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

DLR has been the subject of a number of recent research reports. Wells Fargo & Company boosted their price objective on shares of Digital Realty Trust from $155.00 to $170.00 and gave the stock an “overweight” rating in a report on Tuesday, July 23rd. UBS Group upped their price target on shares of Digital Realty Trust from $143.00 to $147.00 and gave the company a “neutral” rating in a research report on Friday, May 3rd. Argus cut Digital Realty Trust from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Royal Bank of Canada boosted their target price on Digital Realty Trust from $144.00 to $160.00 and gave the company an “outperform” rating in a research note on Monday, June 3rd. Finally, Barclays raised their price target on Digital Realty Trust from $123.00 to $130.00 and gave the stock an “underweight” rating in a research report on Wednesday, July 24th. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $154.00.

Insiders Place Their Bets

In other news, Director Jean F. H. P. Mandeville sold 600 shares of Digital Realty Trust stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $150.26, for a total transaction of $90,156.00. Following the completion of the transaction, the director now directly owns 9,055 shares in the company, valued at $1,360,604.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.17% of the company’s stock.

Digital Realty Trust Trading Up 0.3 %

NYSE DLR traded up $0.48 during trading on Monday, hitting $152.66. The company had a trading volume of 55,617 shares, compared to its average volume of 1,854,078. The company’s fifty day moving average is $151.05 and its 200-day moving average is $145.76. The company has a market cap of $47.70 billion, a price-to-earnings ratio of 42.27, a price-to-earnings-growth ratio of 10.97 and a beta of 0.59. The company has a current ratio of 1.78, a quick ratio of 1.29 and a debt-to-equity ratio of 0.81. Digital Realty Trust, Inc. has a one year low of $113.94 and a one year high of $162.58.

Digital Realty Trust (NYSE:DLR) last posted its 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 firm had revenue of $1.36 billion for the quarter, compared to analysts’ expectations 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 revenue was down .7% on a year-over-year basis. During the same quarter last year, the company posted $1.68 EPS. On average, sell-side analysts predict that Digital Realty Trust, Inc. will post 6.67 earnings per share for the current year.

Digital Realty Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 13th will be given a dividend of $1.22 per share. The ex-dividend date is Friday, September 13th. This represents a $4.88 dividend on an annualized basis and a yield of 3.20%. Digital Realty Trust’s dividend payout ratio (DPR) is currently 135.56%.

Digital Realty Trust 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.