Arbor Capital Management Inc. ADV Has $1.29 Million Stock Position in Digital Realty Trust, Inc. (NYSE:DLR)

Arbor Capital Management Inc. ADV lessened its position in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 14.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,978 shares of the real estate investment trust’s stock after selling 1,354 shares during the quarter. Arbor Capital Management Inc. ADV’s holdings in Digital Realty Trust were worth $1,291,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Impax Asset Management Group plc bought a new stake in Digital Realty Trust in the 3rd quarter valued at $1,082,000. OneDigital Investment Advisors LLC increased its holdings in Digital Realty Trust by 3.2% in the 3rd quarter. OneDigital Investment Advisors LLC now owns 1,886 shares of the real estate investment trust’s stock valued at $305,000 after buying an additional 59 shares during the period. CIBC Asset Management Inc increased its holdings in Digital Realty Trust by 4.1% in the 3rd quarter. CIBC Asset Management Inc now owns 45,097 shares of the real estate investment trust’s stock valued at $7,298,000 after buying an additional 1,778 shares during the period. Empowered Funds LLC increased its holdings in Digital Realty Trust by 9.2% in the 3rd quarter. Empowered Funds LLC now owns 4,937 shares of the real estate investment trust’s stock valued at $799,000 after buying an additional 417 shares during the period. Finally, Coastline Trust Co bought a new stake in Digital Realty Trust in the 3rd quarter valued at $178,000. 99.71% of the stock is currently owned by institutional investors.

Digital Realty Trust Stock Up 1.7 %

Shares of NYSE DLR opened at $148.41 on Monday. The firm’s 50-day simple moving average is $165.62 and its 200 day simple moving average is $170.04. The company has a market cap of $49.96 billion, a price-to-earnings ratio of 91.61, a price-to-earnings-growth ratio of 4.38 and a beta of 0.65. The company has a quick ratio of 1.61, a current ratio of 2.07 and a debt-to-equity ratio of 0.80. Digital Realty Trust, Inc. has a 12-month low of $135.54 and a 12-month high of $198.00.

Digital Realty Trust (NYSE:DLR) last released its earnings results on Thursday, February 13th. The real estate investment trust reported $1.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.27 by $1.46. Digital Realty Trust had a net margin of 10.85% and a return on equity of 2.97%. On average, research analysts expect that Digital Realty Trust, Inc. will post 7.07 earnings per share for the current fiscal year.

Digital Realty Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be given a dividend of $1.22 per share. The ex-dividend date is Friday, March 14th. This represents a $4.88 dividend on an annualized basis and a yield of 3.29%. Digital Realty Trust’s payout ratio is presently 301.23%.

Wall Street Analysts Forecast Growth

DLR has been the topic of several analyst reports. Stifel Nicolaus boosted their price target on shares of Digital Realty Trust from $195.00 to $205.00 and gave the company a “buy” rating in a report on Thursday, November 21st. Wells Fargo & Company lowered their price target on shares of Digital Realty Trust from $210.00 to $185.00 and set an “overweight” rating on the stock in a report on Tuesday, February 4th. JMP Securities restated a “market outperform” rating and issued a $220.00 target price on shares of Digital Realty Trust in a research note on Tuesday, February 18th. Barclays boosted their target price on shares of Digital Realty Trust from $135.00 to $142.00 and gave the company an “underweight” rating in a research note on Monday, November 18th. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of Digital Realty Trust from a “hold” rating to a “buy” rating and boosted their target price for the company from $185.00 to $194.00 in a research note on Wednesday, January 15th. Two analysts have rated the stock with a sell rating, five have given a hold rating, fourteen have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, Digital Realty Trust presently has an average rating of “Moderate Buy” and an average price target of $180.11.

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.