TD Asset Management Inc. reduced its stake in Digital Realty Trust, Inc. (NYSE:DLR) by 7.3% during the second quarter, Holdings Channel reports. The institutional investor owned 53,776 shares of the real estate investment trust’s stock after selling 4,241 shares during the period. TD Asset Management Inc.’s holdings in Digital Realty Trust were worth $6,074,000 as of its most recent SEC filing.
A number of other large investors also recently modified their holdings of the company. Ledyard National Bank boosted its stake in shares of Digital Realty Trust by 15.9% in the first quarter. Ledyard National Bank now owns 1,095 shares of the real estate investment trust’s stock valued at $116,000 after buying an additional 150 shares in the last quarter. Muzinich & Co. Inc. boosted its stake in shares of Digital Realty Trust by 37.1% in the first quarter. Muzinich & Co. Inc. now owns 1,414 shares of the real estate investment trust’s stock valued at $150,000 after buying an additional 383 shares in the last quarter. Westside Investment Management Inc. bought a new stake in shares of Digital Realty Trust during the first quarter valued at about $160,000. AXA bought a new stake in shares of Digital Realty Trust during the first quarter valued at about $200,000. Finally, Exane Derivatives boosted its stake in shares of Digital Realty Trust by 157.3% in the first quarter. Exane Derivatives now owns 1,909 shares of the real estate investment trust’s stock valued at $203,000 after buying an additional 1,167 shares in the last quarter.
Digital Realty Trust, Inc. (NYSE:DLR) opened at 115.49 on Friday. The stock’s 50 day moving average is $113.30 and its 200 day moving average is $111.40. Digital Realty Trust, Inc. has a 52 week low of $85.63 and a 52 week high of $121.53. The stock has a market cap of $18.73 billion, a PE ratio of 46.91 and a beta of -0.03.
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, topping the Zacks’ consensus estimate 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 firm had revenue of $565.99 million for the quarter, compared to the consensus estimate of $559.93 million. During the same period in the prior year, the firm posted $1.42 earnings per share. The firm’s quarterly revenue was up 9.9% compared to the same quarter last year. Analysts predict that Digital Realty Trust, Inc. will post $1.57 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 15th will be issued a dividend of $0.93 per share. This represents a $3.72 dividend on an annualized basis and a yield of 3.22%. The ex-dividend date is Thursday, September 14th. Digital Realty Trust’s dividend payout ratio (DPR) is presently 148.21%.
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Several brokerages recently issued reports on DLR. Royal Bank Of Canada restated a “buy” rating on shares of Digital Realty Trust in a report on Monday, May 1st. Macquarie restated a “neutral” rating and issued a $105.00 target price on shares of Digital Realty Trust in a report on Tuesday, July 4th. BidaskClub upgraded shares of Digital Realty Trust from a “hold” rating to a “buy” rating in a report on Saturday, June 24th. Zacks Investment Research upgraded shares of Digital Realty Trust from a “hold” rating to a “buy” rating and set a $126.00 target price on the stock in a report on Monday, July 17th. Finally, Deutsche Bank AG raised their target price on shares of Digital Realty Trust from $105.00 to $109.00 and gave the stock a “hold” rating in a report on Friday, April 28th. Eight equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Digital Realty Trust has a consensus rating of “Buy” and a consensus target price of $116.67.
In related news, SVP Joshua A. Mills sold 9,211 shares of the stock in a transaction on Tuesday, June 6th. The shares were sold at an average price of $120.00, for a total transaction of $1,105,320.00. Following the sale, the senior vice president now directly owns 13,377 shares of the company’s stock, valued at $1,605,240. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director William G. Laperch purchased 1,200 shares of the stock in a transaction that occurred on Monday, August 7th. The shares were purchased at an average cost of $25.00 per share, for a total transaction of $30,000.00. Following the completion of the acquisition, the director now directly owns 1,200 shares of the company’s stock, valued at approximately $30,000. The disclosure for this purchase can be found here. Corporate insiders own 0.40% of the company’s stock.
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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