Global X Management Co. LLC boosted its position in Digital Realty Trust, Inc. (NYSE:DLR) by 22.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,662 shares of the real estate investment trust’s stock after buying an additional 869 shares during the period. Global X Management Co. LLC’s holdings in Digital Realty Trust were worth $527,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. BlackRock Inc. increased its stake in shares of Digital Realty Trust by 2,651.9% in the first quarter. BlackRock Inc. now owns 15,147,324 shares of the real estate investment trust’s stock valued at $1,611,523,000 after buying an additional 14,596,894 shares during the period. JPMorgan Chase & Co. increased its stake in shares of Digital Realty Trust by 34.8% in the first quarter. JPMorgan Chase & Co. now owns 3,325,268 shares of the real estate investment trust’s stock valued at $353,775,000 after buying an additional 857,798 shares during the period. Vanguard Group Inc. increased its stake in shares of Digital Realty Trust by 2.0% in the first quarter. Vanguard Group Inc. now owns 27,643,911 shares of the real estate investment trust’s stock valued at $2,941,034,000 after buying an additional 529,792 shares during the period. Resolution Capital Ltd bought a new stake in shares of Digital Realty Trust during the first quarter valued at approximately $55,624,000. Finally, Wellington Management Group LLP increased its stake in shares of Digital Realty Trust by 6,396.6% in the first quarter. Wellington Management Group LLP now owns 363,872 shares of the real estate investment trust’s stock valued at $38,713,000 after buying an additional 358,271 shares during the period.
Shares of Digital Realty Trust, Inc. (NYSE DLR) opened at 115.49 on Friday. The company’s 50 day moving average price is $113.30 and its 200-day moving average price is $111.40. Digital Realty Trust, Inc. has a 12 month low of $85.63 and a 12 month high of $121.53. The stock has a market capitalization of $18.73 billion, a P/E ratio of 46.91 and a beta of -0.03.
Digital Realty Trust (NYSE:DLR) last announced its quarterly earnings data on Thursday, July 27th. The real estate investment trust reported $1.54 earnings per share for the quarter, topping analysts’ consensus estimates of $1.49 by $0.05. Digital Realty Trust had a net margin of 21.27% and a return on equity of 12.39%. The company had revenue of $565.99 million during the quarter, compared to analyst estimates of $559.93 million. During the same period in the previous year, the business earned $1.42 EPS. The firm’s revenue for the quarter was up 9.9% on a year-over-year basis. Equities analysts predict that Digital Realty Trust, Inc. will post $1.57 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 15th will be issued a $0.93 dividend. The ex-dividend date is Thursday, September 14th. This represents a $3.72 dividend on an annualized basis and a yield of 3.22%. Digital Realty Trust’s payout ratio is currently 148.21%.
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Several analysts have recently commented on the company. BidaskClub raised Digital Realty Trust from a “hold” rating to a “buy” rating in a research note on Saturday, June 24th. Royal Bank Of Canada reissued a “buy” rating and issued a $127.00 price objective on shares of Digital Realty Trust in a research note on Thursday, June 8th. Zacks Investment Research downgraded Digital Realty Trust from a “buy” rating to a “hold” rating in a research note on Wednesday, August 2nd. Wells Fargo & Company downgraded Digital Realty Trust from an “outperform” rating to a “market perform” rating and set a $118.00 price objective for the company. in a research note on Wednesday, May 17th. Finally, Stifel Nicolaus increased their price objective on Digital Realty Trust from $110.00 to $117.00 and gave the stock a “hold” rating in a research note on Monday, May 1st. Eight analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $116.67.
In other news, Director William G. Laperch acquired 1,200 shares of the firm’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 acquisition, the director now directly owns 1,200 shares in the company, valued at $30,000. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, 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 transaction of $1,105,320.00. Following the completion of the transaction, the senior vice president now owns 13,377 shares of the company’s stock, valued at $1,605,240. The disclosure for this sale can be found here. 0.40% of the stock is owned by insiders.
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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