First Hawaiian Bank Takes Position in Digital Realty Trust, Inc. (NYSE:DLR)

First Hawaiian Bank acquired a new position in Digital Realty Trust, Inc. (NYSE:DLR) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 2,497 shares of the real estate investment trust’s stock, valued at approximately $380,000.

Several other institutional investors also recently bought and sold shares of the company. DAVENPORT & Co LLC raised its holdings in shares of Digital Realty Trust by 2.6% in the fourth quarter. DAVENPORT & Co LLC now owns 5,681 shares of the real estate investment trust’s stock valued at $764,000 after acquiring an additional 143 shares in the last quarter. International Assets Investment Management LLC purchased a new stake in shares of Digital Realty Trust in the 4th quarter worth approximately $21,101,000. Prime Capital Investment Advisors LLC boosted its stake in shares of Digital Realty Trust by 77.2% during the fourth quarter. Prime Capital Investment Advisors LLC now owns 6,547 shares of the real estate investment trust’s stock valued at $881,000 after purchasing an additional 2,853 shares in the last quarter. Stratos Wealth Partners LTD. increased its holdings in Digital Realty Trust by 8.2% during the fourth quarter. Stratos Wealth Partners LTD. now owns 7,758 shares of the real estate investment trust’s stock valued at $1,044,000 after buying an additional 588 shares during the period. Finally, Arlington Trust Co LLC purchased a new position in Digital Realty Trust during the fourth quarter valued at approximately $35,000. 99.71% of the stock is currently owned by hedge funds and other institutional investors.

Digital Realty Trust Stock Performance

Shares of DLR stock traded up $6.01 during mid-day trading on Tuesday, reaching $150.48. The stock had a trading volume of 745,439 shares, compared to its average volume of 1,915,151. Digital Realty Trust, Inc. has a 1-year low of $113.94 and a 1-year high of $162.58. The firm has a market cap of $47.01 billion, a price-to-earnings ratio of 41.49, a PEG ratio of 10.97 and a beta of 0.59. The company has a current ratio of 1.78, a quick ratio of 1.29 and a debt-to-equity ratio of 0.81. The business’s fifty day moving average is $150.18 and its 200-day moving average is $145.05.

Digital Realty Trust (NYSE:DLR) last issued its earnings results on Thursday, July 25th. The real estate investment trust reported $0.20 EPS for the quarter, missing analysts’ consensus estimates of $1.63 by ($1.43). Digital Realty Trust had a net margin of 20.58% and a return on equity of 5.93%. The firm had revenue of $1.36 billion during the quarter, compared to analysts’ expectations of $1.38 billion. During the same quarter in the prior year, the company earned $1.68 EPS. Digital Realty Trust’s quarterly revenue was down .7% on a year-over-year basis. On average, research analysts forecast that Digital Realty Trust, Inc. will post 6.67 earnings per share for the current year.

Digital Realty Trust Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, June 14th were given a dividend of $1.22 per share. The ex-dividend date of this dividend was Friday, June 14th. This represents a $4.88 dividend on an annualized basis and a yield of 3.24%. Digital Realty Trust’s dividend payout ratio is presently 135.56%.

Insider Buying and Selling at Digital Realty Trust

In other Digital Realty Trust news, Director Jean F. H. P. Mandeville sold 600 shares of Digital Realty Trust stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $150.26, for a total transaction of $90,156.00. Following the completion of the transaction, the director now owns 9,055 shares in the company, valued at approximately $1,360,604.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.17% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several analysts have issued reports on DLR shares. Wells Fargo & Company increased their target price on Digital Realty Trust from $155.00 to $170.00 and gave the company an “overweight” rating in a research report on Tuesday, July 23rd. Argus downgraded Digital Realty Trust from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. BMO Capital Markets raised shares of Digital Realty Trust from a “market perform” rating to an “outperform” rating and increased their price target for the company from $144.00 to $170.00 in a research report on Wednesday, June 26th. JPMorgan Chase & Co. upgraded shares of Digital Realty Trust from a “neutral” rating to an “overweight” rating and raised their price target for the company from $150.00 to $175.00 in a report on Friday, June 28th. Finally, Royal Bank of Canada boosted their price objective on shares of Digital Realty Trust from $144.00 to $160.00 and gave the stock an “outperform” rating in a research note on Monday, June 3rd. Three research analysts have rated the stock with a sell rating, seven have given a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $153.44.

About Digital Realty Trust

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.