Franklin Street Advisors Inc. NC Reduces Stock Position in Digital Realty Trust, Inc. (NYSE:DLR)

Franklin Street Advisors Inc. NC decreased its holdings in Digital Realty Trust, Inc. (NYSE:DLR) by 3.4% in the fourth quarter, Holdings Channel reports. The fund owned 61,963 shares of the real estate investment trust’s stock after selling 2,153 shares during the quarter. Franklin Street Advisors Inc. NC’s holdings in Digital Realty Trust were worth $10,988,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. ST Germain D J Co. Inc. lifted its stake in shares of Digital Realty Trust by 159.9% in the 4th quarter. ST Germain D J Co. Inc. now owns 421 shares of the real estate investment trust’s stock valued at $75,000 after purchasing an additional 259 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in Digital Realty Trust by 1.4% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 105,436 shares of the real estate investment trust’s stock worth $17,063,000 after buying an additional 1,408 shares during the last quarter. First Hawaiian Bank boosted its stake in Digital Realty Trust by 30.0% during the fourth quarter. First Hawaiian Bank now owns 3,232 shares of the real estate investment trust’s stock worth $573,000 after buying an additional 745 shares during the period. International Assets Investment Management LLC bought a new position in Digital Realty Trust during the fourth quarter valued at $240,000. Finally, First County Bank CT purchased a new stake in shares of Digital Realty Trust in the fourth quarter valued at $227,000. Hedge funds and other institutional investors own 99.71% of the company’s stock.

Wall Street Analyst Weigh In

DLR has been the topic of several analyst reports. HSBC upgraded shares of Digital Realty Trust from a “reduce” rating to a “hold” rating and upped their price target for the company from $124.00 to $160.00 in a report on Friday, October 4th. Wells Fargo & Company raised their price target on Digital Realty Trust from $185.00 to $210.00 and gave the stock an “overweight” rating in a research note on Tuesday, December 10th. Scotiabank upped their price objective on Digital Realty Trust from $157.00 to $178.00 and gave the company a “sector perform” rating in a research report on Friday, October 25th. Hsbc Global Res upgraded Digital Realty Trust from a “moderate sell” rating to a “hold” rating in a research report on Friday, October 4th. Finally, Barclays boosted their price objective on shares of Digital Realty Trust from $135.00 to $142.00 and gave the company an “underweight” rating in a research report on Monday, November 18th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $174.74.

Digital Realty Trust Stock Performance

Shares of DLR traded down $4.91 during trading hours on Friday, reaching $175.96. 713,136 shares of the company traded hands, compared to its average volume of 1,586,402. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 0.81. The business has a fifty day moving average price of $183.52 and a 200-day moving average price of $165.59. The stock has a market capitalization of $58.37 billion, a P/E ratio of 147.87, a P/E/G ratio of 4.97 and a beta of 0.64. Digital Realty Trust, Inc. has a 12-month low of $131.42 and a 12-month high of $198.00.

Digital Realty Trust (NYSE:DLR) last issued its earnings results on Thursday, October 24th. The real estate investment trust reported $0.09 EPS for the quarter, missing analysts’ consensus estimates of $1.67 by ($1.58). Digital Realty Trust had a net margin of 8.04% and a return on equity of 2.24%. The firm had revenue of $1.43 billion during the quarter, compared to analysts’ expectations of $1.43 billion. During the same quarter in the prior year, the company earned $1.62 EPS. Digital Realty Trust’s quarterly revenue was up 2.1% on a year-over-year basis. Equities analysts anticipate that Digital Realty Trust, Inc. will post 6.71 EPS for the current fiscal 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 issued a $1.22 dividend. This represents a $4.88 annualized dividend and a yield of 2.77%. The ex-dividend date of this dividend is Friday, December 13th. Digital Realty Trust’s payout ratio is 410.08%.

Insiders Place Their Bets

In other Digital Realty Trust news, CFO Matt Mercier sold 2,518 shares of the stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $187.40, for a total transaction of $471,873.20. The sale was disclosed in a filing with the SEC, which is accessible through this link. 0.17% of the stock is owned by insiders.

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.