Private Wealth Partners LLC Buys Shares of 2,000 Digital Realty Trust, Inc. (NYSE:DLR)

Private Wealth Partners LLC purchased a new position in shares of Digital Realty Trust, Inc. (NYSE:DLR) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,000 shares of the real estate investment trust’s stock, valued at approximately $304,000.

A number of other large investors also recently modified their holdings of DLR. Norges Bank acquired a new position in Digital Realty Trust in the 4th quarter worth about $2,141,890,000. Vanguard Group Inc. raised its holdings in Digital Realty Trust by 2.0% in the 1st quarter. Vanguard Group Inc. now owns 48,503,593 shares of the real estate investment trust’s stock valued at $6,986,458,000 after buying an additional 951,567 shares during the last quarter. Balyasny Asset Management L.P. acquired a new stake in Digital Realty Trust during the 4th quarter worth approximately $107,372,000. Daiwa Securities Group Inc. grew its holdings in Digital Realty Trust by 16.8% during the 2nd quarter. Daiwa Securities Group Inc. now owns 4,725,971 shares of the real estate investment trust’s stock worth $718,584,000 after acquiring an additional 678,165 shares during the last quarter. Finally, Kodai Capital Management LP acquired a new position in Digital Realty Trust in the 4th quarter valued at approximately $59,087,000. 99.71% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Digital Realty Trust

In related news, Director Jean F. H. P. Mandeville sold 600 shares of the business’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $150.26, for a total value of $90,156.00. Following the transaction, 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 legal filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.17% of the company’s stock.

Digital Realty Trust Price Performance

Shares of NYSE DLR opened at $158.42 on Thursday. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.78 and a current ratio of 1.78. The firm’s 50-day simple moving average is $151.51 and its 200 day simple moving average is $146.67. The stock has a market cap of $49.49 billion, a price-to-earnings ratio of 44.01, a PEG ratio of 4.73 and a beta of 0.60. Digital Realty Trust, Inc. has a fifty-two week low of $113.94 and a fifty-two week high of $162.58.

Digital Realty Trust (NYSE:DLR) last issued 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 company had revenue of $1.36 billion for the quarter, compared to the consensus estimate of $1.38 billion. Digital Realty Trust had a net margin of 20.58% and a return on equity of 5.93%. Digital Realty Trust’s revenue was down .7% on a year-over-year basis. During the same quarter last year, the business posted $1.68 earnings per share. As a group, research analysts anticipate that Digital Realty Trust, Inc. will post 6.65 earnings per share for the current fiscal year.

Digital Realty Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 13th will be issued a $1.22 dividend. This represents a $4.88 annualized dividend and a dividend yield of 3.08%. The ex-dividend date of this dividend is Friday, September 13th. Digital Realty Trust’s dividend payout ratio is presently 135.56%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on DLR shares. TD Cowen cut their price target on shares of Digital Realty Trust from $122.00 to $120.00 and set a “hold” rating on the stock in a report on Friday, July 26th. Stifel Nicolaus increased their price target 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. Argus lowered Digital Realty Trust from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Royal Bank of Canada increased their target price on shares of Digital Realty Trust from $144.00 to $160.00 and gave the company an “outperform” rating in a research report on Monday, June 3rd. Finally, Barclays boosted their price target on shares of Digital Realty Trust from $123.00 to $130.00 and gave the stock an “underweight” rating in a research report on Wednesday, July 24th. Three investment 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 stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $154.00.

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.