Continuum Advisory LLC Sells 101 Shares of Digital Realty Trust, Inc. (NYSE:DLR)

Continuum Advisory LLC reduced its stake in Digital Realty Trust, Inc. (NYSE:DLR) by 23.5% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 328 shares of the real estate investment trust’s stock after selling 101 shares during the quarter. Continuum Advisory LLC’s holdings in Digital Realty Trust were worth $58,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the stock. Cumberland Partners Ltd increased its position in shares of Digital Realty Trust by 207.3% during the third quarter. Cumberland Partners Ltd now owns 46,595 shares of the real estate investment trust’s stock valued at $7,540,000 after acquiring an additional 31,430 shares during the last quarter. Rockefeller Capital Management L.P. increased its position in shares of Digital Realty Trust by 6.4% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 381,001 shares of the real estate investment trust’s stock valued at $61,643,000 after purchasing an additional 23,028 shares during the last quarter. Choreo LLC raised its stake in shares of Digital Realty Trust by 86.8% during the 2nd quarter. Choreo LLC now owns 8,782 shares of the real estate investment trust’s stock worth $1,336,000 after purchasing an additional 4,081 shares during the period. Sei Investments Co. boosted its holdings in shares of Digital Realty Trust by 11.2% in the 2nd quarter. Sei Investments Co. now owns 1,465,876 shares of the real estate investment trust’s stock worth $222,886,000 after buying an additional 147,689 shares during the last quarter. Finally, Daiwa Securities Group Inc. grew its position in Digital Realty Trust by 2.5% during the third quarter. Daiwa Securities Group Inc. now owns 4,843,432 shares of the real estate investment trust’s stock valued at $783,812,000 after buying an additional 117,461 shares during the period. 99.71% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. TD Cowen boosted their target price on shares of Digital Realty Trust from $120.00 to $128.00 and gave the company a “hold” rating in a research note on Friday, October 25th. Jefferies Financial Group boosted their target price on Digital Realty Trust from $190.00 to $205.00 and gave the company a “buy” rating in a research note on Friday, October 25th. Royal Bank of Canada lifted their price objective on Digital Realty Trust from $177.00 to $207.00 and gave the stock an “outperform” rating in a report on Monday, October 28th. Evercore ISI upped their price objective on shares of Digital Realty Trust from $160.00 to $175.00 and gave the company an “outperform” rating in a report on Wednesday, October 23rd. Finally, Scotiabank boosted their price target on shares of 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. Two analysts have rated the stock with a sell rating, eight have given a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Digital Realty Trust has a consensus rating of “Moderate Buy” and a consensus price target of $171.68.

Digital Realty Trust Trading Down 0.0 %

NYSE:DLR opened at $187.14 on Friday. The firm has a market capitalization of $62.08 billion, a P/E ratio of 157.25, a P/E/G ratio of 5.11 and a beta of 0.62. 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 company has a fifty day moving average of $177.70 and a 200 day moving average of $160.85. Digital Realty Trust, Inc. has a 52 week low of $130.00 and a 52 week high of $198.00.

Digital Realty Trust (NYSE:DLR) last posted its earnings results on Thursday, October 24th. The real estate investment trust reported $0.09 earnings per share 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 for the quarter, compared to analysts’ expectations of $1.43 billion. During the same quarter in the prior year, the company posted $1.62 earnings per share. The business’s revenue for the quarter was up 2.1% on a year-over-year basis. On average, research analysts predict that Digital Realty Trust, Inc. will post 6.71 earnings per share for the current year.

Digital Realty Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Investors of record on Friday, December 13th will be issued a dividend of $1.22 per share. The ex-dividend date of this dividend is Friday, December 13th. This represents a $4.88 dividend on an annualized basis and a dividend yield of 2.61%. Digital Realty Trust’s dividend payout ratio is presently 410.08%.

Insider Buying and Selling

In other Digital Realty Trust news, CFO Matt Mercier sold 2,518 shares of the firm’s stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $187.40, for a total value of $471,873.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.17% of the stock is currently 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.