Centaurus Financial Inc. Reduces Stake in Digital Realty Trust, Inc. (NYSE:DLR)

Centaurus Financial Inc. lessened its stake in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 3.9% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,391 shares of the real estate investment trust’s stock after selling 57 shares during the quarter. Centaurus Financial Inc.’s holdings in Digital Realty Trust were worth $225,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of DLR. Meeder Asset Management Inc. purchased a new stake in shares of Digital Realty Trust in the 2nd quarter valued at about $25,000. Gradient Investments LLC lifted its position in Digital Realty Trust by 75.2% during the second 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 last quarter. American Capital Advisory LLC purchased a new position in Digital Realty Trust in the 2nd quarter worth approximately $27,000. Private Ocean LLC bought a new position in shares of Digital Realty Trust in the 2nd quarter worth $27,000. Finally, Asset Dedication LLC purchased a new stake in shares of Digital Realty Trust during the 2nd quarter valued at $31,000. 99.71% of the stock is currently owned by institutional investors.

Digital Realty Trust Trading Up 0.7 %

DLR opened at $195.31 on Thursday. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 0.81. Digital Realty Trust, Inc. has a 52 week low of $130.00 and a 52 week high of $195.93. The stock has a market cap of $64.79 billion, a PE ratio of 164.13, a PEG ratio of 5.12 and a beta of 0.59. The business has a 50 day moving average of $171.67 and a 200-day moving average of $157.53.

Digital Realty Trust (NYSE:DLR) last announced its quarterly earnings data on Thursday, October 24th. The real estate investment trust reported $0.09 EPS for the quarter, missing the consensus estimate of $1.67 by ($1.58). The firm had revenue of $1.43 billion for the quarter, compared to analysts’ expectations of $1.43 billion. Digital Realty Trust had a net margin of 8.04% and a return on equity of 2.24%. The business’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same period 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 disclosed a quarterly dividend, which will be paid on Friday, January 17th. Shareholders of record on Friday, December 13th will be issued a $1.22 dividend. This represents a $4.88 dividend on an annualized basis and a yield of 2.50%. The ex-dividend date is Friday, December 13th. Digital Realty Trust’s dividend payout ratio (DPR) is presently 410.08%.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on DLR. Jefferies Financial Group increased 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. Argus cut Digital Realty Trust from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Barclays boosted their target price on Digital Realty Trust from $135.00 to $142.00 and gave the stock an “underweight” rating in a research report on Monday, November 18th. Evercore ISI increased their price target on shares of Digital Realty Trust from $160.00 to $175.00 and gave the company an “outperform” rating in a research report on Wednesday, October 23rd. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Digital Realty Trust from $180.00 to $185.00 and gave the stock an “overweight” rating in a report on Friday, October 25th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $170.37.

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.