Smith Salley Wealth Management Increases Stake in Digital Realty Trust, Inc. (NYSE:DLR)

Smith Salley Wealth Management grew its position in Digital Realty Trust, Inc. (NYSE:DLR) by 4.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 10,654 shares of the real estate investment trust’s stock after acquiring an additional 456 shares during the period. Smith Salley Wealth Management’s holdings in Digital Realty Trust were worth $1,724,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in DLR. GHP Investment Advisors Inc. boosted its holdings in Digital Realty Trust by 14.3% in the 3rd quarter. GHP Investment Advisors Inc. now owns 527 shares of the real estate investment trust’s stock valued at $85,000 after purchasing an additional 66 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in shares of Digital Realty Trust by 594.6% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 104,028 shares of the real estate investment trust’s stock valued at $16,835,000 after buying an additional 89,052 shares in the last quarter. PFG Investments LLC grew its holdings in Digital Realty Trust by 1.0% during the third quarter. PFG Investments LLC now owns 8,482 shares of the real estate investment trust’s stock worth $1,373,000 after acquiring an additional 80 shares during the period. Pathway Financial Advisers LLC raised its position in Digital Realty Trust by 15,301.1% in the third quarter. Pathway Financial Advisers LLC now owns 1,850,292 shares of the real estate investment trust’s stock worth $299,433,000 after acquiring an additional 1,838,278 shares in the last quarter. Finally, Forsta AP Fonden lifted its holdings in Digital Realty Trust by 18.2% in the third quarter. Forsta AP Fonden now owns 70,100 shares of the real estate investment trust’s stock valued at $11,344,000 after acquiring an additional 10,800 shares during the period. 99.71% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

DLR has been the topic of a number of recent analyst reports. Jefferies Financial Group upped their price target on shares of Digital Realty Trust from $190.00 to $205.00 and gave the stock a “buy” rating in a research note on Friday. TD Cowen increased their target price on shares of Digital Realty Trust from $120.00 to $128.00 and gave the company a “hold” rating in a report on Friday. The Goldman Sachs Group started coverage on shares of Digital Realty Trust in a research report on Monday, July 1st. They set a “buy” rating and a $175.00 price target for the company. Argus downgraded Digital Realty Trust from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Finally, Mizuho initiated coverage on Digital Realty Trust in a research report on Thursday, July 11th. They set an “outperform” rating and a $170.00 target price on the stock. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $165.21.

Insider Activity

In other Digital Realty Trust news, Director Jean F. H. P. Mandeville sold 600 shares of the firm’s stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $150.26, for a total value of $90,156.00. Following the sale, the director now directly owns 9,055 shares of the company’s stock, valued at approximately $1,360,604.30. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.17% of the company’s stock.

Digital Realty Trust Price Performance

Digital Realty Trust stock opened at $181.01 on Friday. The firm’s 50-day moving average is $157.70 and its two-hundred day moving average is $150.67. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.78 and a quick ratio of 1.78. The stock has a market capitalization of $56.55 billion, a P/E ratio of 50.28, a P/E/G ratio of 5.08 and a beta of 0.60. Digital Realty Trust, Inc. has a 12-month low of $116.73 and a 12-month high of $193.88.

Digital Realty Trust (NYSE:DLR) last announced its earnings results on Thursday, July 25th. The real estate investment trust reported $0.20 earnings per share (EPS) 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 analyst estimates 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% compared to the same quarter last year. During the same quarter last year, the business posted $1.68 EPS. Equities analysts predict that Digital Realty Trust, Inc. will post 6.65 earnings per share for the current year.

Digital Realty Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, September 13th were issued a dividend of $1.22 per share. This represents a $4.88 annualized dividend and a dividend yield of 2.70%. The ex-dividend date was Friday, September 13th. Digital Realty Trust’s dividend payout ratio (DPR) is 135.56%.

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.