Loudon Investment Management LLC cut its stake in Digital Realty Trust, Inc. (NYSE:DLR) by 2.9% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 11,212 shares of the real estate investment trust’s stock after selling 338 shares during the period. Loudon Investment Management LLC’s holdings in Digital Realty Trust were worth $1,266,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors also recently bought and sold shares of DLR. Security National Trust Co. bought a new position in Digital Realty Trust during the second quarter valued at $164,000. Blair William & Co. IL bought a new position in Digital Realty Trust during the second quarter valued at $384,000. GW Henssler & Associates Ltd. bought a new position in Digital Realty Trust during the second quarter valued at $253,000. Legal & General Group Plc boosted its position in Digital Realty Trust by 2.9% in the second quarter. Legal & General Group Plc now owns 1,120,255 shares of the real estate investment trust’s stock valued at $126,533,000 after buying an additional 31,422 shares during the period. Finally, SG Americas Securities LLC boosted its position in Digital Realty Trust by 30.5% in the second quarter. SG Americas Securities LLC now owns 36,609 shares of the real estate investment trust’s stock valued at $4,135,000 after buying an additional 8,563 shares during the period.
Shares of Digital Realty Trust, Inc. (DLR) opened at 114.86 on Friday. The company has a market cap of $18.63 billion, a PE ratio of 46.65 and a beta of -0.03. Digital Realty Trust, Inc. has a 12 month low of $85.63 and a 12 month high of $121.53. The firm’s 50 day moving average is $113.36 and its 200 day moving average is $111.46.
Digital Realty Trust (NYSE:DLR) last announced its earnings results 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 business had revenue of $565.99 million during the quarter, compared to the consensus estimate of $559.93 million. During the same quarter last year, the firm earned $1.42 earnings per share. Digital Realty Trust’s quarterly revenue was up 9.9% on a year-over-year basis. On average, equities analysts predict that Digital Realty Trust, Inc. will post $1.57 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 15th will be paid a dividend of $0.93 per share. This represents a $3.72 dividend on an annualized basis and a yield of 3.24%. The ex-dividend date is Thursday, September 14th. Digital Realty Trust’s dividend payout ratio is presently 148.21%.
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Several research firms recently weighed in on DLR. Canaccord Genuity restated a “buy” rating and issued a $127.00 price objective on shares of Digital Realty Trust in a research report on Friday. Zacks Investment Research cut shares of Digital Realty Trust from a “buy” rating to a “hold” rating in a research report on Wednesday, August 2nd. BidaskClub upgraded shares of Digital Realty Trust from a “sell” rating to a “hold” rating in a research report on Monday, July 31st. Stifel Nicolaus restated a “hold” rating and issued a $117.00 price objective on shares of Digital Realty Trust in a research report on Friday, July 21st. Finally, Jefferies Group LLC restated a “hold” rating and issued a $120.00 price objective on shares of Digital Realty Trust in a research report on Friday, July 14th. Eight equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $118.50.
In other news, SVP Joshua A. Mills sold 9,211 shares of Digital Realty Trust stock in a transaction dated 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 completion of the transaction, the senior vice president now directly owns 13,377 shares in the company, valued at $1,605,240. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director William G. Laperch acquired 1,200 shares of Digital Realty Trust stock in a transaction dated Monday, August 7th. The shares were acquired at an average price of $25.00 per share, with a total value 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 $30,000. The disclosure for this purchase can be found here. 0.40% of the stock is owned by company insiders.
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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