Digital Realty Trust, Inc. (NYSE:DLR) Shares Bought by Legacy Advisors LLC

Legacy Advisors LLC grew its position in Digital Realty Trust, Inc. (NYSE:DLR) by 2.7% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 5,063 shares of the real estate investment trust’s stock after acquiring an additional 133 shares during the period. Legacy Advisors LLC’s holdings in Digital Realty Trust were worth $770,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. International Assets Investment Management LLC purchased a new stake in Digital Realty Trust in the 4th quarter worth $21,101,000. Kestra Private Wealth Services LLC purchased a new position in Digital Realty Trust in the 4th quarter valued at about $318,000. Victory Capital Management Inc. lifted its stake in Digital Realty Trust by 4.0% in the 4th quarter. Victory Capital Management Inc. now owns 98,757 shares of the real estate investment trust’s stock valued at $13,291,000 after buying an additional 3,785 shares in the last quarter. First Trust Direct Indexing L.P. increased its stake in Digital Realty Trust by 20.9% during the 4th quarter. First Trust Direct Indexing L.P. now owns 8,474 shares of the real estate investment trust’s stock worth $1,140,000 after buying an additional 1,463 shares in the last quarter. Finally, Swiss National Bank raised its holdings in shares of Digital Realty Trust by 1.0% during the fourth quarter. Swiss National Bank now owns 946,549 shares of the real estate investment trust’s stock valued at $127,387,000 after acquiring an additional 9,400 shares during the last quarter. 99.71% of the stock is owned by hedge funds and other institutional investors.

Digital Realty Trust Price Performance

DLR stock traded up $2.11 during trading on Friday, reaching $151.61. 3,050,948 shares of the company were exchanged, compared to its average volume of 1,853,039. The stock’s 50 day moving average price is $151.21 and its 200 day moving average price is $145.92. Digital Realty Trust, Inc. has a 52-week low of $113.94 and a 52-week high of $162.58. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.29 and a current ratio of 1.78. The company has a market cap of $47.37 billion, a P/E ratio of 42.11, a PEG ratio of 10.97 and a beta of 0.59.

Digital Realty Trust (NYSE:DLR) last released its quarterly earnings data 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). The firm had revenue of $1.36 billion during the quarter, compared to analysts’ expectations of $1.38 billion. Digital Realty Trust had a net margin of 20.58% and a return on equity of 5.93%. The business’s revenue for the quarter was down .7% on a year-over-year basis. During the same period in the previous year, the business earned $1.68 earnings per share. As a group, analysts predict that Digital Realty Trust, Inc. will post 6.67 earnings per share 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. Stockholders of record on Friday, September 13th will be given a $1.22 dividend. The ex-dividend date is Friday, September 13th. This represents a $4.88 annualized dividend and a dividend yield of 3.22%. Digital Realty Trust’s dividend payout ratio is presently 135.56%.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on DLR shares. JPMorgan Chase & Co. raised shares of Digital Realty Trust from a “neutral” rating to an “overweight” rating and raised their target price for the stock from $150.00 to $175.00 in a research note on Friday, June 28th. Barclays raised their price objective 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. Argus downgraded shares of Digital Realty Trust from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Mizuho started coverage on shares of Digital Realty Trust in a research report on Thursday, July 11th. They issued an “outperform” rating and a $170.00 price target for the company. Finally, Royal Bank of Canada upped their price objective on shares of Digital Realty Trust from $144.00 to $160.00 and gave the company an “outperform” rating in a research note on Monday, June 3rd. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $154.00.

Insider Transactions at Digital Realty Trust

In other news, Director Jean F. H. P. Mandeville sold 600 shares of the company’s stock in a transaction 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 sale, the director now directly owns 9,055 shares in the company, valued at $1,360,604.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate 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.