BLB&B Advisors LLC continued to hold its position in shares of Digital Realty Trust, Inc. (NYSE:DLR) during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,770 shares of the real estate investment trust’s stock at the end of the second quarter. BLB&B Advisors LLC’s holdings in Digital Realty Trust were worth $295,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Ledyard National Bank raised its position 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 worth $116,000 after buying an additional 150 shares during the period. Muzinich & Co. Inc. raised its position 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 worth $150,000 after buying an additional 383 shares during the period. Westside Investment Management Inc. acquired a new position in shares of Digital Realty Trust during the first quarter worth about $160,000. AXA acquired a new position in shares of Digital Realty Trust during the first quarter worth about $200,000. Finally, Exane Derivatives raised its position 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 worth $203,000 after buying an additional 1,167 shares during the period.
Digital Realty Trust, Inc. (NYSE:DLR) opened at 114.41 on Thursday. The stock’s 50 day moving average price is $114.04 and its 200 day moving average price is $111.11. 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 cap of $18.56 billion, a price-to-earnings ratio of 46.47 and a beta of -0.03.
Digital Realty Trust (NYSE:DLR) last issued its quarterly earnings data on Thursday, July 27th. The real estate investment trust reported $1.54 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.49 by $0.05. Digital Realty Trust had a return on equity of 12.39% and a net margin of 21.27%. The business 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 business earned $1.42 earnings per share. The business’s revenue was up 9.9% on a year-over-year basis. Analysts forecast that Digital Realty Trust, Inc. will post $1.58 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 15th will be given a $0.93 dividend. The ex-dividend date is Thursday, September 14th. This represents a $3.72 annualized dividend and a dividend yield of 3.25%. Digital Realty Trust’s dividend payout ratio is currently 148.21%.
A number of research analysts have recently issued reports on the company. BidaskClub upgraded Digital Realty Trust from a “sell” rating to a “hold” rating in a research report on Monday, July 31st. Zacks Investment Research lowered Digital Realty Trust from a “buy” rating to a “hold” rating in a report on Wednesday, August 2nd. Royal Bank Of Canada restated a “buy” rating and issued a $127.00 price objective on shares of Digital Realty Trust in a report on Thursday, June 8th. Stifel Nicolaus restated a “hold” rating and issued a $117.00 price objective on shares of Digital Realty Trust in a 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 report on Friday, July 14th. Eight analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $116.67.
In other Digital Realty Trust news, Director William G. Laperch bought 1,200 shares of Digital Realty Trust 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 transaction, the director now owns 1,200 shares of the company’s stock, valued at approximately $30,000. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Joshua A. Mills sold 9,211 shares of the stock in a transaction dated Tuesday, June 6th. The stock was sold at an average price of $120.00, for a total value of $1,105,320.00. Following the transaction, the senior vice president now owns 13,377 shares in the company, valued at $1,605,240. The disclosure for this sale can be found here. 0.40% of the stock is owned by corporate 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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