Wedmont Private Capital Purchases 257 Shares of Digital Realty Trust, Inc. (NYSE:DLR)

Wedmont Private Capital lifted its position in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 7.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,704 shares of the real estate investment trust’s stock after purchasing an additional 257 shares during the period. Wedmont Private Capital’s holdings in Digital Realty Trust were worth $580,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Meeder Asset Management Inc. bought a new position in shares of Digital Realty Trust during the second quarter valued at about $25,000. Gradient Investments LLC raised its position in Digital Realty Trust by 75.2% in the second quarter. Gradient Investments LLC now owns 177 shares of the real estate investment trust’s stock worth $27,000 after acquiring an additional 76 shares during the period. American Capital Advisory LLC bought a new stake in Digital Realty Trust in the second quarter worth about $27,000. Private Ocean LLC bought a new stake in Digital Realty Trust in the second quarter worth about $27,000. Finally, Rise Advisors LLC raised its position in Digital Realty Trust by 1,125.0% in the first quarter. Rise Advisors LLC now owns 196 shares of the real estate investment trust’s stock worth $28,000 after acquiring an additional 180 shares during the period. 99.71% of the stock is owned by institutional investors.

Insider Buying and Selling at Digital Realty Trust

In other Digital Realty Trust 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 sale, the director now directly owns 9,055 shares in the company, valued at $1,360,604.30. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.17% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several analysts have commented on the stock. Mizuho assumed coverage on shares of Digital Realty Trust in a research report on Thursday, July 11th. They issued an “outperform” rating and a $170.00 price objective on the stock. JPMorgan Chase & Co. lifted their price objective on shares of Digital Realty Trust from $175.00 to $180.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 1st. Argus lowered shares of Digital Realty Trust from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Hsbc Global Res raised shares of Digital Realty Trust from a “moderate sell” rating to a “hold” rating in a research report on Friday, October 4th. Finally, Wells Fargo & Company lifted their target price on shares of Digital Realty Trust from $155.00 to $170.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 23rd. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Digital Realty Trust presently has an average rating of “Hold” and a consensus price target of $156.89.

Digital Realty Trust Price Performance

Shares of NYSE:DLR opened at $160.73 on Friday. The company has a 50 day moving average of $154.15 and a 200 day moving average of $148.83. The stock has a market cap of $52.62 billion, a P/E ratio of 46.86, a P/E/G ratio of 5.08 and a beta of 0.60. Digital Realty Trust, Inc. has a 12 month low of $113.94 and a 12 month high of $165.17. 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 (NYSE:DLR) last issued its quarterly earnings data on Thursday, July 25th. The real estate investment trust reported $0.20 EPS for the quarter, missing the consensus estimate of $1.63 by ($1.43). Digital Realty Trust had a net margin of 20.58% and a return on equity of 5.93%. The firm had revenue of $1.36 billion for the quarter, compared to analysts’ expectations of $1.38 billion. During the same period in the prior year, the firm posted $1.68 EPS. Digital Realty Trust’s revenue was down .7% on a year-over-year basis. As a group, sell-side analysts forecast that Digital Realty Trust, Inc. will post 6.65 EPS for the current fiscal year.

Digital Realty Trust Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 13th were given a dividend of $1.22 per share. The ex-dividend date was Friday, September 13th. This represents a $4.88 annualized dividend and a yield of 3.04%. Digital Realty Trust’s payout ratio is presently 142.27%.

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.