Livforsakringsbolaget Skandia Omsesidigt Sells 300 Shares of Digital Realty Trust, Inc. (NYSE:DLR)

Livforsakringsbolaget Skandia Omsesidigt lessened its stake in Digital Realty Trust, Inc. (NYSE:DLR) by 33.8% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 587 shares of the real estate investment trust’s stock after selling 300 shares during the period. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Digital Realty Trust were worth $89,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in DLR. Bleakley Financial Group LLC increased its position in Digital Realty Trust by 23.6% during the fourth quarter. Bleakley Financial Group LLC now owns 3,866 shares of the real estate investment trust’s stock valued at $520,000 after acquiring an additional 737 shares during the last quarter. International Assets Investment Management LLC bought a new position in shares of Digital Realty Trust in the 4th quarter worth approximately $21,101,000. Turtle Creek Wealth Advisors LLC purchased a new position in shares of Digital Realty Trust in the fourth quarter worth approximately $32,000. Baillie Gifford & Co. increased its holdings in Digital Realty Trust by 10.9% during the fourth quarter. Baillie Gifford & Co. now owns 4,796 shares of the real estate investment trust’s stock valued at $645,000 after buying an additional 473 shares during the last quarter. Finally, Cerity Partners LLC increased its holdings in Digital Realty Trust by 9.7% during the fourth quarter. Cerity Partners LLC now owns 22,748 shares of the real estate investment trust’s stock valued at $3,061,000 after buying an additional 2,009 shares during the last quarter. 99.71% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

DLR has been the subject of a number of recent research reports. Argus downgraded shares of Digital Realty Trust from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Deutsche Bank Aktiengesellschaft upped their price target on Digital Realty Trust from $143.00 to $145.00 and gave the stock a “hold” rating in a research report on Thursday, May 30th. Stifel Nicolaus boosted their price objective on Digital Realty Trust from $165.00 to $175.00 and gave the company a “buy” rating in a research note on Friday, July 12th. Barclays increased their target price on shares of Digital Realty Trust from $123.00 to $130.00 and gave the stock an “underweight” rating in a report on Wednesday, July 24th. Finally, HSBC lifted their price target on shares of Digital Realty Trust from $115.00 to $118.00 and gave the company a “reduce” rating in a report on Friday, May 3rd. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Digital Realty Trust presently has a consensus rating of “Hold” and a consensus target price of $153.44.

Digital Realty Trust Price Performance

NYSE:DLR traded down $1.86 during trading hours on Monday, reaching $148.26. The stock had a trading volume of 261,991 shares, compared to its average volume of 1,891,836. The stock has a market capitalization of $46.32 billion, a PE ratio of 41.14, a PEG ratio of 10.97 and a beta of 0.59. Digital Realty Trust, Inc. has a 52 week low of $113.94 and a 52 week high of $162.58. The company has a 50 day moving average price of $150.60 and a two-hundred day moving average price of $145.33. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.29 and a current ratio of 1.78.

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

Digital Realty Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 13th will be paid a dividend of $1.22 per share. The ex-dividend date of this dividend is Friday, September 13th. This represents a $4.88 annualized dividend and a yield of 3.29%. Digital Realty Trust’s payout ratio is currently 135.56%.

Insider Buying and Selling at Digital Realty Trust

In other news, Director Jean F. H. P. Mandeville sold 600 shares of Digital Realty Trust stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $150.26, for a total value 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 sale was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 0.17% of the company’s stock.

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.