Peterson Wealth Management Sells 120 Shares of Digital Realty Trust, Inc. (NYSE:DLR)

Peterson Wealth Management trimmed its stake in Digital Realty Trust, Inc. (NYSE:DLR) by 0.8% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 14,348 shares of the real estate investment trust’s stock after selling 120 shares during the period. Digital Realty Trust accounts for about 1.5% of Peterson Wealth Management’s investment portfolio, making the stock its 25th largest position. Peterson Wealth Management’s holdings in Digital Realty Trust were worth $2,322,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the stock. Meeder Asset Management Inc. bought a new position in Digital Realty Trust in the 2nd quarter worth approximately $25,000. Gradient Investments LLC increased its position in Digital Realty Trust by 75.2% in the 2nd quarter. Gradient Investments LLC now owns 177 shares of the real estate investment trust’s stock worth $27,000 after buying an additional 76 shares during the period. American Capital Advisory LLC bought a new position in Digital Realty Trust in the 2nd quarter worth approximately $27,000. Private Ocean LLC bought a new position in Digital Realty Trust in the 2nd quarter worth approximately $27,000. Finally, Asset Dedication LLC bought a new position in Digital Realty Trust in the 2nd quarter worth approximately $31,000. 99.71% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on DLR. Wells Fargo & Company lifted their price objective on Digital Realty Trust from $175.00 to $185.00 and gave the stock an “overweight” rating in a report on Friday, October 25th. HSBC raised Digital Realty Trust from a “reduce” rating to a “hold” rating and lifted their price objective for the stock from $124.00 to $160.00 in a report on Friday, October 4th. Stifel Nicolaus lifted their price objective on Digital Realty Trust from $195.00 to $205.00 and gave the stock a “buy” rating in a report on Thursday, November 21st. Royal Bank of Canada lifted their price objective on Digital Realty Trust from $177.00 to $207.00 and gave the stock an “outperform” rating in a report on Monday, October 28th. Finally, Barclays lifted their price objective on Digital Realty Trust from $135.00 to $142.00 and gave the stock an “underweight” rating in a report on Monday, November 18th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $170.37.

Digital Realty Trust Price Performance

Digital Realty Trust stock opened at $195.28 on Friday. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.61 and a current ratio of 1.61. The firm has a market cap of $64.78 billion, a P/E ratio of 164.10, a P/E/G ratio of 5.12 and a beta of 0.59. The business’s fifty day moving average is $172.40 and its two-hundred day moving average is $157.79. Digital Realty Trust, Inc. has a 52 week low of $130.00 and a 52 week high of $195.93.

Digital Realty Trust (NYSE:DLR) last posted its quarterly earnings data on Thursday, October 24th. The real estate investment trust reported $0.09 EPS for the quarter, missing analysts’ consensus estimates of $1.67 by ($1.58). The business had revenue of $1.43 billion during the quarter, compared to analyst estimates 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 for the quarter was up 2.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.62 EPS. Equities research analysts forecast that Digital Realty Trust, Inc. will post 6.71 earnings per share for the current fiscal year.

Digital Realty Trust Dividend Announcement

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 given a dividend of $1.22 per share. The ex-dividend date is Friday, December 13th. This represents a $4.88 dividend on an annualized basis and a dividend yield of 2.50%. Digital Realty Trust’s payout ratio is currently 410.08%.

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.