State Street Corp cut its position in Digital Realty Trust, Inc. (NYSE:DLR) by 2.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,122,753 shares of the real estate investment trust’s stock after selling 223,822 shares during the quarter. State Street Corp owned about 5.62% of Digital Realty Trust worth $1,030,412,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently modified their holdings of the company. JPMorgan Chase & Co. raised its stake in shares of Digital Realty Trust by 7.3% during the 2nd quarter. JPMorgan Chase & Co. now owns 3,569,263 shares of the real estate investment trust’s stock valued at $403,148,000 after purchasing an additional 243,995 shares during the period. Renaissance Technologies LLC raised its stake in shares of Digital Realty Trust by 45.6% during the 1st quarter. Renaissance Technologies LLC now owns 397,100 shares of the real estate investment trust’s stock valued at $42,247,000 after purchasing an additional 124,300 shares during the period. Uniplan Investment Counsel Inc. bought a new stake in shares of Digital Realty Trust during the 2nd quarter valued at $32,118,000. Tudor Investment Corp ET AL bought a new stake in shares of Digital Realty Trust during the 1st quarter valued at $1,610,000. Finally, Cim Investment Mangement Inc. bought a new stake in shares of Digital Realty Trust during the 2nd quarter valued at $653,000.
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In other Digital Realty Trust news, Director William G. Laperch purchased 1,200 shares of Digital Realty Trust stock in a transaction dated Monday, August 7th. The shares were acquired at an average cost of $25.00 per share, with a total value of $30,000.00. Following the completion of the transaction, the director now owns 1,200 shares in the company, valued at approximately $30,000. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Christopher Sharp sold 25,733 shares of the company’s stock in a transaction on Wednesday, August 16th. The stock was sold at an average price of $116.44, for a total value of $2,996,350.52. Following the transaction, the insider now directly owns 25,733 shares in the company, valued at $2,996,350.52. The disclosure for this sale can be found here. Insiders own 0.40% of the company’s stock.
DLR has been the topic of a number of analyst reports. BidaskClub upgraded Digital Realty Trust from a “hold” rating to a “buy” rating in a research note on Saturday, June 24th. Macquarie restated a “neutral” rating and set a $105.00 target price on shares of Digital Realty Trust in a research report on Tuesday, July 4th. Jefferies Group LLC restated a “hold” rating and set a $120.00 target price on shares of Digital Realty Trust in a research report on Friday, July 14th. Zacks Investment Research upgraded Digital Realty Trust from a “hold” rating to a “buy” rating and set a $126.00 target price for the company in a research report on Monday, July 17th. Finally, Stifel Nicolaus restated a “hold” rating and set a $117.00 target price on shares of Digital Realty Trust in a research report on Friday, July 21st. Nine equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Digital Realty Trust presently has an average rating of “Buy” and an average price target of $122.73.
Digital Realty Trust, Inc. (DLR) traded down 0.03% on Tuesday, reaching $121.70. The company had a trading volume of 47,311 shares. Digital Realty Trust, Inc. has a 52 week low of $85.63 and a 52 week high of $127.23. The company has a market capitalization of $19.74 billion, a P/E ratio of 49.43 and a beta of 0.01. The stock’s 50-day moving average is $118.55 and its 200-day moving average is $115.19.
Digital Realty Trust (NYSE:DLR) last announced its quarterly earnings results on Thursday, July 27th. The real estate investment trust reported $1.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.49 by $0.05. The firm had revenue of $565.99 million during the quarter, compared to analyst estimates of $559.93 million. Digital Realty Trust had a return on equity of 12.39% and a net margin of 21.27%. Digital Realty Trust’s quarterly revenue was up 9.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.42 earnings per share. Equities research analysts forecast that Digital Realty Trust, Inc. will post $1.47 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Friday, September 15th were paid a $0.93 dividend. This represents a $3.72 dividend on an annualized basis and a yield of 3.06%. The ex-dividend date of this dividend was Thursday, September 14th. Digital Realty Trust’s dividend payout ratio (DPR) is 148.21%.
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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