Romano Brothers AND Company Sells 1,034 Shares of Digital Realty Trust, Inc. (NYSE:DLR)

Romano Brothers AND Company cut its stake in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 2.3% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 44,228 shares of the real estate investment trust’s stock after selling 1,034 shares during the period. Romano Brothers AND Company’s holdings in Digital Realty Trust were worth $5,036,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in DLR. Phocas Financial Corp. purchased a new stake in shares of Digital Realty Trust in the 2nd quarter worth $536,000. Symphony Financial Ltd. Co. boosted its holdings in shares of Digital Realty Trust by 73.1% during the 2nd quarter. Symphony Financial Ltd. Co. now owns 16,335 shares of the real estate investment trust’s stock valued at $1,828,000 after purchasing an additional 6,897 shares during the last quarter. FSM Wealth Advisors LLC bought a new position in shares of Digital Realty Trust during the 2nd quarter valued at about $256,000. Pacific Sun Financial Corp bought a new position in shares of Digital Realty Trust during the 2nd quarter valued at about $390,000. Finally, New Hampshire Trust lifted its holdings in shares of Digital Realty Trust by 2.2% in the 2nd quarter. New Hampshire Trust now owns 5,393 shares of the real estate investment trust’s stock valued at $614,000 after acquiring an additional 115 shares during the last quarter. 99.71% of the stock is currently owned by hedge funds and other institutional investors.

Digital Realty Trust Stock Performance

Shares of NYSE DLR traded down $1.33 during midday trading on Tuesday, reaching $126.72. 447,729 shares of the stock were exchanged, compared to its average volume of 2,560,870. The firm has a market cap of $38.36 billion, a price-to-earnings ratio of 99.29, a PEG ratio of 2.96 and a beta of 0.54. Digital Realty Trust, Inc. has a twelve month low of $85.76 and a twelve month high of $133.39. The firm has a 50-day simple moving average of $123.60 and a two-hundred day simple moving average of $108.33. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 1.02.

Digital Realty Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 15th will be given a dividend of $1.22 per share. The ex-dividend date is Thursday, September 14th. This represents a $4.88 dividend on an annualized basis and a dividend yield of 3.85%. Digital Realty Trust’s dividend payout ratio (DPR) is 378.30%.

Analyst Ratings Changes

A number of brokerages recently commented on DLR. Citigroup increased their price target on shares of Digital Realty Trust from $128.00 to $136.00 and gave the company a “buy” rating in a report on Tuesday, August 22nd. Jefferies Financial Group raised their target price on shares of Digital Realty Trust from $132.00 to $144.00 in a research report on Friday, July 28th. Raymond James reduced their target price on shares of Digital Realty Trust from $155.00 to $140.00 in a research report on Friday, July 28th. 22nd Century Group reissued a “reiterates” rating on shares of Digital Realty Trust in a report on Tuesday, May 30th. Finally, Royal Bank of Canada lifted their price objective on shares of Digital Realty Trust from $125.00 to $140.00 and gave the company an “outperformer” rating in a report on Monday, August 7th. Three research analysts have rated the stock with a sell rating, five have given a hold rating, three have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Digital Realty Trust has a consensus rating of “Hold” and an average target price of $120.93.

Insider Activity

In other news, insider Cindy Fiedelman sold 2,770 shares of the stock in a transaction that occurred on Friday, July 28th. The stock was sold at an average price of $125.00, for a total transaction of $346,250.00. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 0.39% of the company’s stock.

Digital Realty Trust Company 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.