Delta Lloyd Asset Management N.V. bought a new stake in Digital Realty Trust, Inc. (NYSE:DLR) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 204,014 shares of the real estate investment trust’s stock, valued at approximately $23,043,000. Delta Lloyd Asset Management N.V. owned approximately 0.13% of Digital Realty Trust at the end of the most recent quarter.
Several other institutional investors also recently modified their holdings of the company. Parallel Advisors LLC boosted its stake in Digital Realty Trust by 18.0% during the 2nd quarter. Parallel Advisors LLC now owns 972 shares of the real estate investment trust’s stock worth $112,000 after purchasing an additional 148 shares during the period. Muzinich & Co. Inc. lifted its stake in shares of Digital Realty Trust by 37.1% in the 1st quarter. Muzinich & Co. Inc. now owns 1,414 shares of the real estate investment trust’s stock worth $150,000 after acquiring an additional 383 shares during the period. Westside Investment Management Inc. acquired a new stake in shares of Digital Realty Trust in the 1st quarter worth $160,000. Security National Trust Co. acquired a new stake in shares of Digital Realty Trust in the 2nd quarter worth $164,000. Finally, AXA acquired a new stake in shares of Digital Realty Trust in the 1st quarter worth $200,000.
Digital Realty Trust, Inc. (DLR) traded down 2.76% during mid-day trading on Friday, reaching $117.59. 9,754,053 shares of the company’s stock traded hands. The stock has a market capitalization of $19.07 billion, a PE ratio of 47.76 and a beta of -0.01. Digital Realty Trust, Inc. has a 12 month low of $85.63 and a 12 month high of $127.23. The firm’s 50-day moving average price is $117.36 and its 200 day moving average price is $113.24.
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 for the quarter, beating the consensus estimate of $1.49 by $0.05. The company 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 business’s quarterly revenue was up 9.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.42 earnings per share. Equities research analysts predict that Digital Realty Trust, Inc. will post $1.55 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 15th will be given a dividend of $0.93 per share. The ex-dividend date is Thursday, September 14th. This represents a $3.72 annualized dividend and a dividend yield of 3.16%. Digital Realty Trust’s payout ratio is 148.21%.
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In related news, insider Christopher Sharp sold 25,733 shares of the company’s stock in a transaction dated Wednesday, August 16th. The stock was sold at an average price of $116.44, for a total transaction of $2,996,350.52. Following the sale, the insider now owns 25,733 shares in the company, valued at approximately $2,996,350.52. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director William G. Laperch purchased 1,200 shares of the business’s stock in a transaction on Monday, August 7th. The stock was purchased at an average price of $25.00 per share, for a total transaction of $30,000.00. Following the acquisition, the director now owns 1,200 shares of the company’s stock, valued at approximately $30,000. The disclosure for this purchase can be found here. 0.40% of the stock is owned by corporate insiders.
A number of brokerages have recently issued reports on DLR. Wells Fargo & Company reiterated a “market perform” rating on shares of Digital Realty Trust in a report on Monday, June 12th. Zacks Investment Research downgraded shares of Digital Realty Trust from a “buy” rating to a “hold” rating in a report on Wednesday, August 2nd. KeyCorp restated a “buy” rating and set a $130.00 target price on shares of Digital Realty Trust in a report on Friday, August 25th. Cowen and Company restated a “buy” rating and set a $126.00 target price on shares of Digital Realty Trust in a report on Friday, August 25th. Finally, Stifel Nicolaus reiterated a “hold” rating and set a $117.00 price target on shares of Digital Realty Trust in a report on Thursday. Seven analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $120.08.
Digital Realty Trust Company Profile
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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