L & S Advisors Inc Cuts Stock Holdings in Digital Realty Trust, Inc. (NYSE:DLR)

L & S Advisors Inc trimmed its position in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 7.7% in the 3rd quarter, Holdings Channel.com reports. The firm owned 61,111 shares of the real estate investment trust’s stock after selling 5,129 shares during the period. Digital Realty Trust comprises approximately 1.0% of L & S Advisors Inc’s portfolio, making the stock its 23rd biggest holding. L & S Advisors Inc’s holdings in Digital Realty Trust were worth $9,890,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the company. Clear Creek Financial Management LLC increased its holdings in Digital Realty Trust by 1.6% in the 3rd quarter. Clear Creek Financial Management LLC now owns 3,836 shares of the real estate investment trust’s stock worth $621,000 after acquiring an additional 59 shares in the last quarter. OneDigital Investment Advisors LLC increased its holdings in Digital Realty Trust by 3.2% in the 3rd quarter. OneDigital Investment Advisors LLC now owns 1,886 shares of the real estate investment trust’s stock worth $305,000 after acquiring an additional 59 shares in the last quarter. Trueblood Wealth Management LLC increased its holdings in Digital Realty Trust by 3.1% in the 3rd quarter. Trueblood Wealth Management LLC now owns 2,061 shares of the real estate investment trust’s stock worth $334,000 after acquiring an additional 61 shares in the last quarter. Gilman Hill Asset Management LLC increased its holdings in Digital Realty Trust by 1.1% in the 2nd quarter. Gilman Hill Asset Management LLC now owns 6,179 shares of the real estate investment trust’s stock worth $940,000 after acquiring an additional 65 shares in the last quarter. Finally, GHP Investment Advisors Inc. increased 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 worth $85,000 after acquiring an additional 66 shares in the last quarter. 99.71% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. Truist Financial boosted their price target on shares of Digital Realty Trust from $168.00 to $202.00 and gave the stock a “buy” rating in a report on Tuesday, November 12th. Argus cut shares of Digital Realty Trust from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Raymond James lifted their target price on shares of Digital Realty Trust from $170.00 to $190.00 and gave the stock a “strong-buy” rating in a research note on Friday, October 25th. Stifel Nicolaus reaffirmed a “buy” rating and set a $195.00 target price (up previously from $185.00) on shares of Digital Realty Trust in a research note on Friday, October 25th. Finally, Jefferies Financial Group lifted their target price 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, October 25th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $169.84.

Digital Realty Trust Trading Down 0.7 %

Digital Realty Trust stock opened at $185.91 on Thursday. The stock has a market cap of $61.67 billion, a PE ratio of 156.23, a P/E/G ratio of 4.97 and a beta of 0.59. The stock has a 50-day moving average price of $168.40 and a 200 day moving average price of $155.81. Digital Realty Trust, Inc. has a 52 week low of $130.00 and a 52 week high of $193.88. 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 (NYSE:DLR) last posted its quarterly earnings data 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). The company had revenue of $1.43 billion for the quarter, compared to analysts’ expectations of $1.43 billion. Digital Realty Trust had a return on equity of 2.24% and a net margin of 8.04%. The company’s revenue for the quarter was up 2.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.62 EPS. Equities research analysts predict that Digital Realty Trust, Inc. will post 6.71 earnings per share 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 paid a $1.22 dividend. This represents a $4.88 dividend on an annualized basis and a yield of 2.62%. The ex-dividend date is Friday, December 13th. Digital Realty Trust’s payout ratio is 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.