Digital Realty Trust, Inc. (NYSE:DLR) Shares Bought by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC grew its stake in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 40.6% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 43,440 shares of the real estate investment trust’s stock after purchasing an additional 12,544 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Digital Realty Trust were worth $7,030,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Meeder Asset Management Inc. purchased a new position in shares of Digital Realty Trust during the 2nd quarter valued at about $25,000. American Capital Advisory LLC acquired a new position in shares of Digital Realty Trust during the 2nd quarter valued at about $27,000. Private Ocean LLC purchased a new stake in shares of Digital Realty Trust in the second quarter valued at about $27,000. Gradient Investments LLC increased 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 worth $27,000 after purchasing an additional 76 shares during the last quarter. Finally, Adirondack Trust Co. raised its stake in Digital Realty Trust by 68.6% during the third quarter. Adirondack Trust Co. now owns 199 shares of the real estate investment trust’s stock worth $32,000 after purchasing an additional 81 shares during the period. 99.71% of the stock is owned by hedge funds and other institutional investors.

Digital Realty Trust Price Performance

Shares of NYSE DLR opened at $181.93 on Friday. The company has a market cap of $60.35 billion, a PE ratio of 152.88, a P/E/G ratio of 5.70 and a beta of 0.59. Digital Realty Trust, Inc. has a 1-year low of $126.22 and a 1-year high of $193.88. The stock has a fifty day moving average price of $163.54 and a 200 day moving average price of $153.43. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.61 and a quick ratio of 1.78.

Digital Realty Trust (NYSE:DLR) last announced its quarterly earnings results 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 return on equity of 2.24% and a net margin of 8.04%. Digital Realty Trust’s revenue was up 2.1% compared to the same quarter last year. During the same period last year, the firm earned $1.62 EPS. Sell-side analysts forecast that Digital Realty Trust, Inc. will post 6.7 EPS for the current year.

Digital Realty Trust Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 17th. Stockholders 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 2.68%. Digital Realty Trust’s dividend payout ratio (DPR) is presently 410.08%.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. Evercore ISI upped their price objective on Digital Realty Trust from $160.00 to $175.00 and gave the company an “outperform” rating in a report on Wednesday, October 23rd. Hsbc Global Res raised Digital Realty Trust from a “moderate sell” rating to a “hold” rating in a research note on Friday, October 4th. Jefferies Financial Group raised their price objective on Digital Realty Trust from $190.00 to $205.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. JPMorgan Chase & Co. increased their target price on shares of Digital Realty Trust from $180.00 to $185.00 and gave the stock an “overweight” rating in a research note on Friday, October 25th. Finally, TD Cowen boosted their price target 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. Two research analysts have rated the stock with a sell rating, nine have given a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $167.68.

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.