Prudent Man Advisors LLC Trims Stock Position in Digital Realty Trust, Inc. (NYSE:DLR)

Prudent Man Advisors LLC decreased its position in Digital Realty Trust, Inc. (NYSE:DLR) by 1.6% in the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 8,238 shares of the real estate investment trust’s stock after selling 135 shares during the period. Prudent Man Advisors LLC’s holdings in Digital Realty Trust were worth $1,333,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Meeder Asset Management Inc. bought a new position in shares of Digital Realty Trust during the 2nd quarter worth $25,000. American Capital Advisory LLC purchased a new stake in Digital Realty Trust in the second quarter worth about $27,000. Private Ocean LLC bought a new position in Digital Realty Trust during the 2nd quarter worth about $27,000. Gradient Investments LLC increased its position in Digital Realty Trust by 75.2% during the 2nd 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 during the period. Finally, Adirondack Trust Co. raised its holdings in shares of Digital Realty Trust by 68.6% in the 3rd quarter. Adirondack Trust Co. now owns 199 shares of the real estate investment trust’s stock valued at $32,000 after purchasing an additional 81 shares in the last quarter. Institutional investors own 99.71% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on DLR shares. Stifel Nicolaus reiterated a “buy” rating and set a $195.00 price objective (up from $185.00) on shares of Digital Realty Trust in a research note on Friday, October 25th. Raymond James increased their target price on Digital Realty Trust from $170.00 to $190.00 and gave the company a “strong-buy” rating in a research report on Friday, October 25th. HSBC raised Digital Realty Trust from a “reduce” rating to a “hold” rating and boosted their price target for the stock from $124.00 to $160.00 in a research report on Friday, October 4th. Argus downgraded Digital Realty Trust from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Finally, Royal Bank of Canada lifted their target price on Digital Realty Trust from $177.00 to $207.00 and gave the company an “outperform” rating in a research note on Monday, October 28th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Digital Realty Trust has a consensus rating of “Hold” and an average target price of $169.47.

Digital Realty Trust Price Performance

Shares of NYSE:DLR opened at $179.67 on Monday. The company’s 50 day moving average is $166.56 and its 200 day moving average is $155.01. The company has a market cap of $59.60 billion, a PE ratio of 150.98, a price-to-earnings-growth ratio of 4.77 and a beta of 0.59. The company has a current ratio of 1.61, a quick ratio of 1.61 and a debt-to-equity ratio of 0.81. Digital Realty Trust, Inc. has a twelve month low of $130.00 and a twelve month high of $193.88.

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

Digital Realty Trust Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Investors of record on Friday, December 13th will be paid a $1.22 dividend. This represents a $4.88 annualized dividend and a dividend yield of 2.72%. The ex-dividend date of this dividend is Friday, December 13th. Digital Realty Trust’s dividend payout ratio is currently 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.