Pensionfund DSM Netherlands boosted its stake in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 6.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 33,750 shares of the real estate investment trust’s stock after buying an additional 2,150 shares during the quarter. Pensionfund DSM Netherlands’ holdings in Digital Realty Trust were worth $3,994,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds also recently modified their holdings of the business. Parallel Advisors LLC lifted its holdings in shares of Digital Realty Trust by 18.0% in the second quarter. Parallel Advisors LLC now owns 972 shares of the real estate investment trust’s stock valued at $112,000 after purchasing an additional 148 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Digital Realty Trust by 50.9% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 973 shares of the real estate investment trust’s stock valued at $110,000 after purchasing an additional 328 shares in the last quarter. Sun Life Financial INC lifted its holdings in shares of Digital Realty Trust by 12,844.4% in the second quarter. Sun Life Financial INC now owns 1,165 shares of the real estate investment trust’s stock valued at $132,000 after purchasing an additional 1,156 shares in the last quarter. Almanack Investment Partners LLC. purchased a new stake in shares of Digital Realty Trust in the second quarter valued at about $134,000. Finally, Security National Trust Co. purchased a new stake in shares of Digital Realty Trust in the second quarter valued at about $164,000.
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Digital Realty Trust, Inc. (NYSE DLR) traded up 0.255% on Friday, reaching $116.105. 779,426 shares of the company’s stock were exchanged. The firm has a 50 day moving average of $119.51 and a 200 day moving average of $116.03. The stock has a market capitalization of $18.83 billion, a PE ratio of 47.159 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.
Digital Realty Trust (NYSE:DLR) last announced its quarterly earnings results on Wednesday, October 25th. The real estate investment trust reported $1.51 EPS for the quarter, beating the Zacks’ consensus estimate of $0.40 by $1.11. Digital Realty Trust had a return on equity of 6.96% and a net margin of 11.71%. The firm had revenue of $609.90 million for the quarter, compared to analyst estimates of $595.49 million. During the same period last year, the firm posted $1.44 earnings per share. The business’s revenue for the quarter was up 11.6% on a year-over-year basis. Equities analysts predict that Digital Realty Trust, Inc. will post $1.48 earnings per share for the current fiscal year.
The business 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 dividend yield of 3.21%. The ex-dividend date was Thursday, September 14th. Digital Realty Trust’s dividend payout ratio is currently 300.00%.
In related news, insider Christopher Sharp sold 25,733 shares of Digital Realty Trust stock in a transaction that occurred 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 of the company’s stock, valued at $2,996,350.52. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director William G. Laperch acquired 1,200 shares of the business’s stock in a transaction that occurred on Monday, August 7th. The stock was bought at an average cost of $25.00 per share, for a total transaction of $30,000.00. Following the completion of the purchase, the director now owns 1,200 shares of the company’s stock, valued at $30,000. The disclosure for this purchase can be found here. 0.40% of the stock is owned by insiders.
Several equities analysts recently issued reports on the stock. Deutsche Bank AG upped their price objective on shares of Digital Realty Trust from $111.00 to $130.00 and gave the company a “hold” rating in a research note on Thursday. ValuEngine downgraded shares of Digital Realty Trust from a “buy” rating to a “hold” rating in a research note on Wednesday, October 18th. Cowen and Company reissued a “buy” rating and set a $126.00 price objective on shares of Digital Realty Trust in a research note on Friday, August 25th. KeyCorp reaffirmed a “buy” rating and set a $130.00 price target on shares of Digital Realty Trust in a research report on Friday, August 25th. Finally, Zacks Investment Research lowered shares of Digital Realty Trust from a “buy” rating to a “hold” rating in a research report on Wednesday, August 2nd. Eleven equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $124.20.
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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