Janney Montgomery Scott LLC Grows Stock Holdings in Digital Realty Trust, Inc. (NYSE:DLR)

Janney Montgomery Scott LLC grew its holdings in shares of Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 40.6% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 43,440 shares of the real estate investment trust's stock after acquiring an additional 12,544 shares during the quarter. Janney Montgomery Scott LLC's holdings in Digital Realty Trust were worth $7,030,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in DLR. Meeder Asset Management Inc. purchased a new stake in Digital Realty Trust during the 2nd quarter valued at about $25,000. Gradient Investments LLC increased its stake in shares of Digital Realty Trust by 75.2% in the second 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 stake in Digital Realty Trust during the 2nd quarter valued at $27,000. Private Ocean LLC purchased a new stake in Digital Realty Trust during the 2nd quarter valued at $27,000. Finally, Asset Dedication LLC purchased a new position in shares of Digital Realty Trust in the second quarter valued at about $31,000. 99.71% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms have recently weighed in on DLR. Wells Fargo & Company increased their target price on shares of Digital Realty Trust from $175.00 to $185.00 and gave the stock an "overweight" rating in a report on Friday, October 25th. Barclays boosted their target price on Digital Realty Trust from $130.00 to $135.00 and gave the company an "underweight" rating in a research note on Thursday, October 10th. Royal Bank of Canada raised their price target on Digital Realty Trust from $177.00 to $207.00 and gave the stock an "outperform" rating in a research note on Monday, October 28th. Argus downgraded shares of Digital Realty Trust from a "buy" rating to a "hold" rating in a research report on Thursday, August 1st. Finally, Hsbc Global Res raised shares of Digital Realty Trust from a "moderate sell" rating to a "hold" rating in a research report on Friday, October 4th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $167.68.

Digital Realty Trust Stock Up 2.0 %

Shares of NYSE DLR traded up $3.51 during trading on Friday, reaching $181.98. The company had a trading volume of 2,229,733 shares, compared to its average volume of 1,985,581. Digital Realty Trust, Inc. has a 12-month low of $126.22 and a 12-month high of $193.88. The company has a quick ratio of 1.78, a current ratio of 1.61 and a debt-to-equity ratio of 0.81. The business's 50-day moving average is $163.54 and its 200 day moving average is $153.43. The stock has a market cap of $60.36 billion, a PE ratio of 152.92, a P/E/G ratio of 5.58 and a beta of 0.59.

Digital Realty Trust (NYSE:DLR - Get Free Report) 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 analysts' expectations of $1.43 billion. During the same period last year, the firm posted $1.62 earnings per share. The firm's quarterly revenue was up 2.1% on a year-over-year basis. As a group, equities analysts forecast that Digital Realty Trust, Inc. will post 6.7 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 Friday, January 17th. Shareholders of record on Friday, December 13th will be issued a $1.22 dividend. This represents a $4.88 dividend on an annualized basis and a dividend yield of 2.68%. The ex-dividend date of this dividend is Friday, December 13th. Digital Realty Trust's payout ratio is 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.