60,049 Shares in Digital Realty Trust, Inc. (NYSE:DLR) Acquired by Manning & Napier Advisors LLC

Manning & Napier Advisors LLC acquired a new stake in Digital Realty Trust, Inc. (NYSE:DLR) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 60,049 shares of the real estate investment trust’s stock, valued at approximately $9,130,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in DLR. Gladstone Institutional Advisory LLC increased its holdings in shares of Digital Realty Trust by 1.2% in the fourth quarter. Gladstone Institutional Advisory LLC now owns 6,301 shares of the real estate investment trust’s stock valued at $848,000 after purchasing an additional 72 shares during the period. CENTRAL TRUST Co increased its holdings in shares of Digital Realty Trust by 13.6% in the first quarter. CENTRAL TRUST Co now owns 700 shares of the real estate investment trust’s stock valued at $101,000 after purchasing an additional 84 shares during the period. Benedict Financial Advisors Inc. increased its holdings in shares of Digital Realty Trust by 0.5% in the first quarter. Benedict Financial Advisors Inc. now owns 18,207 shares of the real estate investment trust’s stock valued at $2,623,000 after purchasing an additional 84 shares during the period. Taylor Frigon Capital Management LLC increased its holdings in shares of Digital Realty Trust by 0.6% in the first quarter. Taylor Frigon Capital Management LLC now owns 15,211 shares of the real estate investment trust’s stock valued at $2,191,000 after purchasing an additional 87 shares during the period. Finally, Albion Financial Group UT increased its holdings in shares of Digital Realty Trust by 1.0% in the second quarter. Albion Financial Group UT now owns 9,026 shares of the real estate investment trust’s stock valued at $1,372,000 after purchasing an additional 90 shares during the period. Hedge funds and other institutional investors own 99.71% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the company. TD Cowen dropped their target price on Digital Realty Trust from $122.00 to $120.00 and set a “hold” rating on the stock in a report on Friday, July 26th. Deutsche Bank Aktiengesellschaft upped their price objective on Digital Realty Trust from $143.00 to $145.00 and gave the stock a “hold” rating in a report on Thursday, May 30th. Royal Bank of Canada upped their price objective on Digital Realty Trust from $144.00 to $160.00 and gave the stock an “outperform” rating in a report on Monday, June 3rd. Barclays upped their price objective on Digital Realty Trust from $123.00 to $130.00 and gave the stock an “underweight” rating in a report on Wednesday, July 24th. Finally, Wells Fargo & Company upped their price objective on Digital Realty Trust from $155.00 to $170.00 and gave the stock an “overweight” rating in a report on Tuesday, July 23rd. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $153.44.

Digital Realty Trust Price Performance

Shares of DLR traded up $0.46 during trading hours on Friday, reaching $150.12. 803,426 shares of the company traded hands, compared to its average volume of 1,902,489. The company has a quick ratio of 1.29, a current ratio of 1.78 and a debt-to-equity ratio of 0.81. The stock has a market capitalization of $46.90 billion, a PE ratio of 41.70, a price-to-earnings-growth ratio of 10.97 and a beta of 0.59. Digital Realty Trust, Inc. has a fifty-two week low of $113.94 and a fifty-two week high of $162.58. The stock has a fifty day simple moving average of $150.60 and a 200 day simple moving average of $145.24.

Digital Realty Trust (NYSE:DLR) last posted its quarterly earnings data 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 company had revenue of $1.36 billion for the quarter, compared to analyst estimates of $1.38 billion. During the same period in the previous year, the business earned $1.68 EPS. The firm’s revenue was down .7% on a year-over-year basis. As a group, research analysts predict that Digital Realty Trust, Inc. will post 6.67 EPS for the current fiscal year.

Digital Realty Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 13th will be paid a $1.22 dividend. This represents a $4.88 dividend on an annualized basis and a yield of 3.25%. The ex-dividend date is Friday, September 13th. Digital Realty Trust’s payout ratio is 135.56%.

Insiders Place Their Bets

In other Digital Realty Trust news, Director Jean F. H. P. Mandeville sold 600 shares of the firm’s stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $150.26, for a total value of $90,156.00. Following the sale, the director now directly owns 9,055 shares of the company’s stock, valued at approximately $1,360,604.30. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.17% of the stock is owned by corporate insiders.

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.