Continuum Advisory LLC Has $58,000 Position in Digital Realty Trust, Inc. (NYSE:DLR)

Continuum Advisory LLC decreased its holdings in Digital Realty Trust, Inc. (NYSE:DLR) by 23.5% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor 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 filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Y Intercept Hong Kong Ltd raised its position in Digital Realty Trust by 106.2% in the third quarter. Y Intercept Hong Kong Ltd now owns 22,905 shares of the real estate investment trust’s stock worth $3,707,000 after purchasing an additional 11,799 shares in the last quarter. MML Investors Services LLC raised its holdings in shares of Digital Realty Trust by 33.0% in the 3rd quarter. MML Investors Services LLC now owns 26,046 shares of the real estate investment trust’s stock worth $4,215,000 after buying an additional 6,465 shares in the last quarter. Pacific Center for Financial Services lifted its position in shares of Digital Realty Trust by 52.9% during the 3rd quarter. Pacific Center for Financial Services now owns 454 shares of the real estate investment trust’s stock worth $74,000 after buying an additional 157 shares during the period. Anson Funds Management LP acquired a new stake in Digital Realty Trust in the 3rd quarter valued at $2,347,000. Finally, Dunhill Financial LLC grew its position in Digital Realty Trust by 84.4% in the third quarter. Dunhill Financial LLC now owns 271 shares of the real estate investment trust’s stock valued at $44,000 after acquiring an additional 124 shares during the period. 99.71% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. Stifel Nicolaus boosted their target price on shares of Digital Realty Trust from $195.00 to $205.00 and gave the company a “buy” rating in a research note on Thursday, November 21st. Truist Financial upped their price objective on shares of Digital Realty Trust from $168.00 to $202.00 and gave the stock a “buy” rating in a research note on Tuesday, November 12th. Jefferies Financial Group lifted their target price on shares of Digital Realty Trust from $190.00 to $205.00 and gave the company a “buy” rating in a research note on Friday, October 25th. Wells Fargo & Company increased their price target on Digital Realty Trust from $185.00 to $210.00 and gave the stock an “overweight” rating in a research report on Tuesday. Finally, Evercore ISI lifted their price objective on Digital Realty Trust from $160.00 to $175.00 and gave the company an “outperform” rating in a research report on Wednesday, October 23rd. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Digital Realty Trust presently has a consensus rating of “Moderate Buy” and an average price target of $171.68.

Digital Realty Trust Price Performance

Shares of DLR opened at $187.14 on Friday. The stock has a market cap of $62.08 billion, a P/E ratio of 157.25, a price-to-earnings-growth ratio of 5.11 and a beta of 0.62. Digital Realty Trust, Inc. has a 1 year low of $130.00 and a 1 year high of $198.00. The stock’s 50-day moving average price is $177.70 and its two-hundred day moving average price is $160.85. 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 issued its quarterly earnings data on Thursday, October 24th. The real estate investment trust reported $0.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.67 by ($1.58). The firm had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.43 billion. Digital Realty Trust had a net margin of 8.04% and a return on equity of 2.24%. The firm’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 firm posted $1.62 EPS. On average, equities analysts predict that Digital Realty Trust, Inc. will post 6.71 earnings per share for the current year.

Digital Realty Trust Dividend Announcement

The company 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 dividend of $1.22 per share. The ex-dividend date is Friday, December 13th. This represents a $4.88 annualized dividend and a yield of 2.61%. Digital Realty Trust’s payout ratio is 410.08%.

Insider Transactions at Digital Realty Trust

In related news, CFO Matt Mercier sold 2,518 shares of Digital Realty Trust stock in a transaction on Thursday, December 12th. The shares were 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 Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.17% of the company’s stock.

Digital Realty Trust Company 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.