Axxcess Wealth Management LLC Sells 80 Shares of Digital Realty Trust, Inc. (NYSE:DLR)

Axxcess Wealth Management LLC reduced its stake in Digital Realty Trust, Inc. (NYSE:DLR) by 6.0% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,254 shares of the real estate investment trust’s stock after selling 80 shares during the period. Axxcess Wealth Management LLC’s holdings in Digital Realty Trust were worth $203,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in DLR. Pathway Financial Advisers LLC grew its holdings in Digital Realty Trust by 15,301.1% during the 3rd quarter. Pathway Financial Advisers LLC now owns 1,850,292 shares of the real estate investment trust’s stock valued at $299,433,000 after buying an additional 1,838,278 shares in the last quarter. Massachusetts Financial Services Co. MA grew its stake in Digital Realty Trust by 543.6% during the second quarter. Massachusetts Financial Services Co. MA now owns 1,447,340 shares of the real estate investment trust’s stock valued at $220,068,000 after acquiring an additional 1,773,591 shares in the last quarter. Vanguard Group Inc. increased its holdings in Digital Realty Trust by 2.0% during the 1st quarter. Vanguard Group Inc. now owns 48,503,593 shares of the real estate investment trust’s stock worth $6,986,458,000 after acquiring an additional 951,567 shares during the period. Wulff Hansen & CO. lifted its stake in Digital Realty Trust by 15,105.0% in the 2nd quarter. Wulff Hansen & CO. now owns 795,830 shares of the real estate investment trust’s stock worth $121,006,000 after purchasing an additional 790,596 shares in the last quarter. Finally, Electron Capital Partners LLC boosted its holdings in Digital Realty Trust by 220.7% in the 2nd quarter. Electron Capital Partners LLC now owns 1,041,594 shares of the real estate investment trust’s stock valued at $158,374,000 after purchasing an additional 716,816 shares during the period. 99.71% of the stock is currently owned by hedge funds and other institutional investors.

Digital Realty Trust Stock Up 0.0 %

Shares of NYSE DLR opened at $178.17 on Friday. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.61 and a quick ratio of 1.61. Digital Realty Trust, Inc. has a one year low of $130.00 and a one year high of $193.88. The stock has a market capitalization of $59.10 billion, a P/E ratio of 149.72, a PEG ratio of 4.80 and a beta of 0.59. The firm’s 50 day simple moving average is $165.37 and its two-hundred day simple moving average is $154.35.

Digital Realty Trust (NYSE:DLR) last issued its earnings results on Thursday, October 24th. The real estate investment trust reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate 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 during the quarter, compared to the consensus estimate of $1.43 billion. During the same quarter in the prior year, the business posted $1.62 EPS. The firm’s revenue for the quarter was up 2.1% on a year-over-year basis. As a group, analysts expect that Digital Realty Trust, Inc. will post 6.71 EPS for the current fiscal year.

Digital Realty Trust Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Stockholders of record on Friday, December 13th will be issued a $1.22 dividend. This represents a $4.88 annualized dividend and a dividend yield of 2.74%. The ex-dividend date of this dividend is Friday, December 13th. Digital Realty Trust’s dividend payout ratio is 410.08%.

Analyst Ratings Changes

DLR has been the topic of several research analyst reports. Evercore ISI upped their price target on shares of Digital Realty Trust from $160.00 to $175.00 and gave the stock an “outperform” rating in a report on Wednesday, October 23rd. Argus cut Digital Realty Trust from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. JPMorgan Chase & Co. boosted their price objective on Digital Realty Trust from $180.00 to $185.00 and gave the stock an “overweight” rating in a report on Friday, October 25th. Raymond James upped their price objective on shares of Digital Realty Trust from $170.00 to $190.00 and gave the stock a “strong-buy” rating in a research report on Friday, October 25th. Finally, Barclays upped their price objective on shares of Digital Realty Trust from $130.00 to $135.00 and gave the stock an “underweight” rating in a research report on Thursday, October 10th. Two analysts have rated the stock with a sell rating, nine have given a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $169.47.

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.