Clearbridge Investments LLC continued to hold its stake in shares of Digital Realty Trust, Inc. (NYSE:DLR) during the first quarter, according to its most recent filing with the SEC. The firm owned 3,000 shares of the real estate investment trust’s stock at the end of the first quarter. Clearbridge Investments LLC’s holdings in Digital Realty Trust were worth $319,000 as of its most recent filing with the SEC.
Several other hedge funds have also recently added to or reduced their stakes in the company. National Pension Service raised its stake in Digital Realty Trust by 9.2% in the first quarter. National Pension Service now owns 138,269 shares of the real estate investment trust’s stock worth $14,579,000 after buying an additional 11,614 shares during the last quarter. Gulf International Bank UK Ltd raised its position in shares of Digital Realty Trust by 1.4% in the first quarter. Gulf International Bank UK Ltd now owns 49,976 shares of the real estate investment trust’s stock worth $5,316,000 after buying an additional 700 shares during the period. Sheets Smith Wealth Management raised its position in shares of Digital Realty Trust by 0.8% in the first quarter. Sheets Smith Wealth Management now owns 4,912 shares of the real estate investment trust’s stock worth $523,000 after buying an additional 39 shares during the period. Forte Capital LLC ADV raised its position in shares of Digital Realty Trust by 5.2% in the first quarter. Forte Capital LLC ADV now owns 5,315 shares of the real estate investment trust’s stock worth $565,000 after buying an additional 265 shares during the period. Finally, Weaver C. Barksdale & Associates Inc. acquired a new position in shares of Digital Realty Trust during the first quarter worth about $378,000.
Shares of Digital Realty Trust, Inc. (NYSE:DLR) traded down 0.69% during mid-day trading on Tuesday, hitting $113.77. The stock had a trading volume of 825,056 shares. Digital Realty Trust, Inc. has a one year low of $85.63 and a one year high of $121.53. The company has a 50-day moving average of $114.26 and a 200 day moving average of $110.85. The firm has a market cap of $18.45 billion, a price-to-earnings ratio of 46.21 and a beta of -0.03.
Digital Realty Trust (NYSE:DLR) last issued its quarterly earnings results on Thursday, July 27th. The real estate investment trust reported $1.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.49 by $0.05. The business had revenue of $565.99 million during the quarter, compared to analysts’ expectations of $559.93 million. Digital Realty Trust had a return on equity of 12.39% and a net margin of 21.27%. The firm’s revenue for the quarter was up 9.9% compared to the same quarter last year. During the same period in the previous year, the company posted $1.42 earnings per share. On average, equities research analysts forecast that Digital Realty Trust, Inc. will post $1.58 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 15th will be paid a $0.93 dividend. This represents a $3.72 annualized dividend and a dividend yield of 3.27%. The ex-dividend date is Thursday, September 14th. Digital Realty Trust’s dividend payout ratio (DPR) is currently 148.21%.
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DLR has been the topic of a number of research reports. BidaskClub upgraded shares of Digital Realty Trust from a “hold” rating to a “buy” rating in a research report on Saturday, June 24th. Royal Bank Of Canada reaffirmed a “buy” rating and set a $127.00 price target on shares of Digital Realty Trust in a report on Thursday, June 8th. Zacks Investment Research raised Digital Realty Trust from a “hold” rating to a “buy” rating and set a $126.00 price target for the company in a report on Monday, July 17th. Stifel Nicolaus increased their price target on Digital Realty Trust from $110.00 to $117.00 and gave the stock a “hold” rating in a report on Monday, May 1st. Finally, Deutsche Bank AG raised their target price on Digital Realty Trust from $105.00 to $109.00 and gave the company a “hold” rating in a report on Friday, April 28th. Eight investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Digital Realty Trust has an average rating of “Buy” and a consensus price target of $116.67.
In related news, SVP Joshua A. Mills sold 9,211 shares of the business’s stock in a transaction that occurred on Tuesday, June 6th. The stock was sold at an average price of $120.00, for a total value of $1,105,320.00. Following the completion of the sale, the senior vice president now directly owns 13,377 shares in the company, valued at $1,605,240. The sale was disclosed in a filing with the SEC, which is available at this link. Insiders own 0.40% of the company’s stock.
About Digital Realty Trust
Digital Realty Trust, Inc is a real estate investment trust (REIT). The Company is engaged in the business of owning, acquiring, developing and operating data centers. The Company is focused on providing data center and colocation solutions for domestic and international tenants across a range of industry verticals ranging from financial services, cloud and information technology services, to manufacturing, energy, healthcare and consumer products.
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