Independent Advisor Alliance Has $914,000 Stock Position in Digital Realty Trust, Inc. (NYSE:DLR)

Independent Advisor Alliance decreased its stake in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 2.4% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 5,647 shares of the real estate investment trust’s stock after selling 138 shares during the quarter. Independent Advisor Alliance’s holdings in Digital Realty Trust were worth $914,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in DLR. Harvest Fund Management Co. Ltd boosted its stake in shares of Digital Realty Trust by 22.1% during the 3rd quarter. Harvest Fund Management Co. Ltd now owns 4,868 shares of the real estate investment trust’s stock worth $788,000 after acquiring an additional 881 shares during the period. Daiwa Securities Group Inc. boosted its stake in shares of Digital Realty Trust by 2.5% during the 3rd quarter. Daiwa Securities Group Inc. now owns 4,843,432 shares of the real estate investment trust’s stock worth $783,812,000 after acquiring an additional 117,461 shares during the period. Capital Investment Counsel LLC boosted its stake in shares of Digital Realty Trust by 1.8% during the 3rd quarter. Capital Investment Counsel LLC now owns 46,374 shares of the real estate investment trust’s stock worth $7,505,000 after acquiring an additional 826 shares during the period. Sompo Asset Management Co. Ltd. boosted its stake in shares of Digital Realty Trust by 8.6% during the 3rd quarter. Sompo Asset Management Co. Ltd. now owns 3,920 shares of the real estate investment trust’s stock worth $634,000 after acquiring an additional 310 shares during the period. Finally, Swedbank AB boosted its stake in Digital Realty Trust by 99.6% in the 3rd quarter. Swedbank AB now owns 267,241 shares of the real estate investment trust’s stock valued at $43,248,000 after purchasing an additional 133,326 shares during the period. Institutional investors and hedge funds own 99.71% of the company’s stock.

Digital Realty Trust Price Performance

Digital Realty Trust stock opened at $195.31 on Thursday. 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 52 week low of $130.00 and a 52 week high of $195.93. The stock has a market capitalization of $64.79 billion, a P/E ratio of 164.13, a price-to-earnings-growth ratio of 5.12 and a beta of 0.59. The stock has a fifty day moving average of $171.67 and a 200-day moving average of $157.53.

Digital Realty Trust (NYSE:DLR) last issued its earnings results on Thursday, October 24th. The real estate investment trust reported $0.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.43 billion. During the same period in the previous year, the company earned $1.62 EPS. Digital Realty Trust’s revenue for the quarter was up 2.1% on a year-over-year basis. On average, sell-side analysts expect that Digital Realty Trust, Inc. will post 6.71 earnings per share for the current fiscal year.

Digital Realty Trust Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Shareholders of record on Friday, December 13th will be issued a $1.22 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a $4.88 dividend on an annualized basis and a yield of 2.50%. Digital Realty Trust’s payout ratio is presently 410.08%.

Analyst Ratings Changes

Several analysts recently issued reports on DLR shares. Argus downgraded Digital Realty Trust from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Raymond James boosted their price target on Digital Realty Trust from $170.00 to $190.00 and gave the company a “strong-buy” rating in a research note on Friday, October 25th. TD Cowen boosted their price target on Digital Realty Trust from $120.00 to $128.00 and gave the company a “hold” rating in a research note on Friday, October 25th. JPMorgan Chase & Co. boosted their price target on Digital Realty Trust from $180.00 to $185.00 and gave the company an “overweight” rating in a research note on Friday, October 25th. Finally, Barclays boosted their price target on Digital Realty Trust from $135.00 to $142.00 and gave the company an “underweight” rating in a research note on Monday, November 18th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $170.37.

Digital Realty Trust Company 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.