Gables Capital Management Inc. Sells 100 Shares of Digital Realty Trust, Inc. $DLR

Gables Capital Management Inc. reduced its position in Digital Realty Trust, Inc. (NYSE:DLR) by 38.5% during the second quarter, Holdings Channel.com reports. The firm owned 160 shares of the real estate investment trust’s stock after selling 100 shares during the quarter. Gables Capital Management Inc.’s holdings in Digital Realty Trust were worth $28,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Pacific Heights Asset Management LLC lifted its holdings in shares of Digital Realty Trust by 33.3% in the 1st quarter. Pacific Heights Asset Management LLC now owns 100,000 shares of the real estate investment trust’s stock worth $14,329,000 after purchasing an additional 25,000 shares in the last quarter. Brown Advisory Inc. lifted its stake in Digital Realty Trust by 25.2% during the 1st quarter. Brown Advisory Inc. now owns 8,174 shares of the real estate investment trust’s stock valued at $1,171,000 after acquiring an additional 1,644 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd lifted its stake in Digital Realty Trust by 9.6% during the 1st quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 140,347 shares of the real estate investment trust’s stock valued at $20,110,000 after acquiring an additional 12,289 shares in the last quarter. Vontobel Holding Ltd. lifted its stake in Digital Realty Trust by 71.2% during the 1st quarter. Vontobel Holding Ltd. now owns 27,028 shares of the real estate investment trust’s stock valued at $3,873,000 after acquiring an additional 11,239 shares in the last quarter. Finally, Sovran Advisors LLC lifted its stake in Digital Realty Trust by 58.9% during the 1st quarter. Sovran Advisors LLC now owns 6,594 shares of the real estate investment trust’s stock valued at $994,000 after acquiring an additional 2,444 shares in the last quarter. 99.71% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, CEO Andrew Power sold 53,269 shares of Digital Realty Trust stock in a transaction dated Monday, September 15th. The stock was sold at an average price of $175.16, for a total value of $9,330,598.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.13% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Barclays raised their price objective on Digital Realty Trust from $140.00 to $141.00 and gave the company an “underweight” rating in a research note on Wednesday, August 20th. Stifel Nicolaus raised their price objective on Digital Realty Trust from $190.00 to $205.00 and gave the company a “buy” rating in a research note on Friday, July 25th. Guggenheim assumed coverage on Digital Realty Trust in a research note on Wednesday, July 9th. They set a “neutral” rating on the stock. Wolfe Research upgraded Digital Realty Trust from a “peer perform” rating to an “outperform” rating and set a $194.00 price objective on the stock in a research note on Monday. Finally, Daiwa Capital Markets initiated coverage on Digital Realty Trust in a research report on Wednesday. They set a “buy” rating and a $210.00 target price for the company. Two equities research analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Digital Realty Trust presently has a consensus rating of “Moderate Buy” and an average target price of $193.05.

Digital Realty Trust Trading Up 0.5%

Shares of Digital Realty Trust stock opened at $172.57 on Thursday. Digital Realty Trust, Inc. has a 1 year low of $129.95 and a 1 year high of $198.00. The firm has a market cap of $58.85 billion, a PE ratio of 45.29, a P/E/G ratio of 4.83 and a beta of 0.96. The stock has a fifty day moving average price of $170.23 and a 200-day moving average price of $168.29. The company has a debt-to-equity ratio of 0.82, a current ratio of 2.22 and a quick ratio of 2.22.

Digital Realty Trust (NYSE:DLR) last announced its earnings results on Thursday, July 24th. The real estate investment trust reported $1.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.74 by $0.13. Digital Realty Trust had a return on equity of 6.46% and a net margin of 23.98%.The firm had revenue of $1.49 billion during the quarter, compared to analyst estimates of $1.44 billion. During the same period last year, the firm posted $1.65 EPS. The business’s revenue was up 10.0% compared to the same quarter last year. Equities research analysts anticipate that Digital Realty Trust, Inc. will post 7.07 EPS for the current year.

Digital Realty Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Monday, September 15th were issued a $1.22 dividend. The ex-dividend date of this dividend was Monday, September 15th. This represents a $4.88 annualized dividend and a yield of 2.8%. Digital Realty Trust’s dividend payout ratio (DPR) is 128.08%.

Digital Realty Trust Company Profile

Digital Realty Trust, Inc operates as a real estate investment trust, which engages in the provision of data center, colocation and interconnection solutions. It serves the following industries: artificial intelligence (AI), networks, cloud, digital media, mobile, financial services, healthcare, and gaming.