Armor Investment Advisors LLC Sells 892 Shares of Digital Realty Trust, Inc. $DLR

Armor Investment Advisors LLC lessened its stake in Digital Realty Trust, Inc. (NYSE:DLR) by 2.8% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 30,781 shares of the real estate investment trust’s stock after selling 892 shares during the quarter. Digital Realty Trust comprises 2.0% of Armor Investment Advisors LLC’s investment portfolio, making the stock its 15th biggest position. Armor Investment Advisors LLC’s holdings in Digital Realty Trust were worth $5,366,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently bought and sold shares of DLR. Motley Fool Asset Management LLC increased its stake in shares of Digital Realty Trust by 9.9% in the 2nd quarter. Motley Fool Asset Management LLC now owns 17,208 shares of the real estate investment trust’s stock valued at $3,000,000 after purchasing an additional 1,548 shares during the last quarter. Centersquare Investment Management LLC lifted its position in shares of Digital Realty Trust by 2.8% during the 1st quarter. Centersquare Investment Management LLC now owns 3,035,478 shares of the real estate investment trust’s stock worth $434,954,000 after buying an additional 82,420 shares during the last quarter. Arcadia Investment Management Corp MI boosted its stake in Digital Realty Trust by 17.1% in the second quarter. Arcadia Investment Management Corp MI now owns 17,818 shares of the real estate investment trust’s stock valued at $3,106,000 after buying an additional 2,600 shares in the last quarter. Ethic Inc. grew its position in Digital Realty Trust by 9.1% in the first quarter. Ethic Inc. now owns 34,520 shares of the real estate investment trust’s stock valued at $5,042,000 after acquiring an additional 2,887 shares during the last quarter. Finally, Plan Group Financial LLC raised its stake in Digital Realty Trust by 46.4% during the first quarter. Plan Group Financial LLC now owns 8,850 shares of the real estate investment trust’s stock worth $1,268,000 after acquiring an additional 2,803 shares in the last quarter. 99.71% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the stock. Citigroup raised their price target on shares of Digital Realty Trust from $200.00 to $212.00 and gave the company a “buy” rating in a research note on Wednesday, October 29th. Wall Street Zen lowered shares of Digital Realty Trust from a “hold” rating to a “strong sell” rating in a research report on Saturday, November 8th. JPMorgan Chase & Co. upped their price target on shares of Digital Realty Trust from $200.00 to $210.00 and gave the stock an “overweight” rating in a report on Friday, October 24th. Moffett Nathanson raised their price objective on Digital Realty Trust from $163.00 to $166.00 and gave the company a “neutral” rating in a report on Monday, October 6th. Finally, Daiwa Capital Markets started coverage on Digital Realty Trust in a report on Wednesday, October 22nd. They issued 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, fifteen have given a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Digital Realty Trust currently has a consensus rating of “Moderate Buy” and an average target price of $198.14.

Insider Activity

In other news, CEO Andrew Power sold 53,269 shares of the firm’s stock in a transaction that occurred on Monday, September 15th. The shares were sold at an average price of $175.16, for a total transaction of $9,330,598.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.13% of the company’s stock.

Digital Realty Trust Price Performance

DLR stock opened at $158.92 on Tuesday. The company has a quick ratio of 2.22, a current ratio of 2.02 and a debt-to-equity ratio of 0.80. The firm has a market cap of $54.59 billion, a price-to-earnings ratio of 41.06, a PEG ratio of 4.13 and a beta of 0.96. The company’s fifty day simple moving average is $169.99 and its 200 day simple moving average is $170.88. Digital Realty Trust, Inc. has a 12-month low of $129.95 and a 12-month high of $198.00.

Digital Realty Trust (NYSE:DLR) last posted its quarterly earnings data on Friday, October 31st. The real estate investment trust reported $0.15 earnings per share for the quarter. Digital Realty Trust had a return on equity of 6.41% and a net margin of 23.67%.The firm had revenue of $1.58 billion during the quarter. On average, analysts expect that Digital Realty Trust, Inc. will post 7.07 earnings per share for the current year.

Digital Realty Trust Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 16th. Shareholders of record on Monday, December 15th will be paid a $1.22 dividend. The ex-dividend date of this dividend is Monday, December 15th. This represents a $4.88 annualized dividend and a yield of 3.1%. Digital Realty Trust’s payout ratio is 126.10%.

Digital Realty Trust 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.