Braun Stacey Associates Inc. bought a new position in Digital Realty Trust, Inc. (NYSE:DLR) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 148,300 shares of the real estate investment trust’s stock, valued at approximately $17,549,000. Digital Realty Trust makes up approximately 1.2% of Braun Stacey Associates Inc.’s investment portfolio, making the stock its 24th biggest position. Braun Stacey Associates Inc. owned approximately 0.09% of Digital Realty Trust at the end of the most recent reporting period.
A number of other institutional investors have also recently made changes to their positions in DLR. Northwestern Mutual Wealth Management Co. raised its holdings in 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 worth $110,000 after purchasing an additional 328 shares in the last quarter. Parallel Advisors LLC raised its holdings in 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 worth $112,000 after purchasing an additional 148 shares in the last quarter. Sun Life Financial INC raised its holdings in 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 worth $132,000 after purchasing an additional 1,156 shares in the last quarter. Almanack Investment Partners LLC. bought a new position in Digital Realty Trust in the second quarter worth about $134,000. Finally, Security National Trust Co. bought a new position in Digital Realty Trust in the second quarter worth about $164,000.
In other Digital Realty Trust news, insider Christopher Sharp sold 25,733 shares of the company’s 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 sale, the insider now owns 25,733 shares in the company, valued at approximately $2,996,350.52. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Corporate insiders own 0.40% of the company’s stock.
DLR has been the subject of a number of recent research reports. Deutsche Bank AG boosted their target price on shares of Digital Realty Trust from $111.00 to $130.00 and gave the stock a “hold” rating in a report on Thursday, October 26th. Zacks Investment Research downgraded shares of Digital Realty Trust from a “buy” rating to a “hold” rating in a report on Wednesday, October 25th. Barclays PLC reiterated a “buy” rating and issued a $132.00 target price on shares of Digital Realty Trust in a report on Friday, September 8th. William Blair started coverage on shares of Digital Realty Trust in a report on Friday, September 22nd. They set a “market perform” rating on the stock. Finally, Citigroup Inc. restated a “neutral” rating and set a $127.00 price objective on shares of Digital Realty Trust in a report on Tuesday, September 26th. Eleven investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Digital Realty Trust has an average rating of “Hold” and a consensus price target of $125.43.
Digital Realty Trust, Inc. (NYSE:DLR) opened at $120.85 on Friday. Digital Realty Trust, Inc. has a fifty-two week low of $85.63 and a fifty-two week high of $127.23. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.46 and a quick ratio of 0.32. The firm has a market cap of $19,826.74, a P/E ratio of 20.44, a P/E/G ratio of 3.60 and a beta of -0.09.
Digital Realty Trust (NYSE:DLR) last issued its quarterly earnings results on Wednesday, October 25th. The real estate investment trust reported $1.51 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.40 by $1.11. Digital Realty Trust had a net margin of 11.71% and a return on equity of 5.15%. The company had revenue of $609.90 million for the quarter, compared to the consensus estimate of $595.49 million. During the same quarter in the prior year, the company earned $1.44 EPS. Digital Realty Trust’s quarterly revenue was up 11.6% on a year-over-year basis. analysts expect that Digital Realty Trust, Inc. will post 6.09 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 12th. Shareholders of record on Friday, December 15th will be given a $0.93 dividend. The ex-dividend date is Thursday, December 14th. This represents a $3.72 annualized dividend and a yield of 3.08%. Digital Realty Trust’s dividend payout ratio is presently 300.00%.
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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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