CIBC World Markets Inc. lifted its holdings in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 57.2% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 15,978 shares of the real estate investment trust’s stock after purchasing an additional 5,816 shares during the period. CIBC World Markets Inc.’s holdings in Digital Realty Trust were worth $1,805,000 at the end of the most recent reporting period.
Several other hedge funds have also made changes to their positions in DLR. Parallel Advisors LLC grew its holdings in shares of Digital Realty Trust by 18.0% during 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 during the last quarter. Muzinich & Co. Inc. grew its holdings in shares of Digital Realty Trust by 37.1% during the first quarter. Muzinich & Co. Inc. now owns 1,414 shares of the real estate investment trust’s stock worth $150,000 after purchasing an additional 383 shares during the last quarter. Westside Investment Management Inc. bought a new stake in shares of Digital Realty Trust during the first quarter worth $160,000. Security National Trust Co. bought a new stake in shares of Digital Realty Trust during the second quarter worth $164,000. Finally, AXA bought a new stake in shares of Digital Realty Trust during the first quarter worth $200,000.
Digital Realty Trust, Inc. (DLR) opened at 124.78 on Wednesday. Digital Realty Trust, Inc. has a 1-year low of $85.63 and a 1-year high of $127.23. The firm has a market cap of $20.24 billion, a price-to-earnings ratio of 50.68 and a beta of -0.01. The firm has a 50-day moving average price of $116.45 and a 200 day moving average price of $112.93.
Digital Realty Trust (NYSE:DLR) last released its quarterly earnings results on Thursday, July 27th. The real estate investment trust reported $1.54 EPS for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $565.99 million for the quarter, compared to analyst estimates of $559.93 million. During the same quarter in the previous year, the company posted $1.42 EPS. The business’s revenue was up 9.9% on a year-over-year basis. Equities analysts predict that Digital Realty Trust, Inc. will post $1.56 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 15th will be given a $0.93 dividend. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $3.72 dividend on an annualized basis and a dividend yield of 2.98%. Digital Realty Trust’s dividend payout ratio (DPR) is presently 148.21%.
Several analysts have recently commented on DLR shares. BidaskClub upgraded Digital Realty Trust from a “hold” rating to a “buy” rating in a report on Saturday, June 24th. Royal Bank Of Canada restated a “buy” rating and set a $127.00 target price on shares of Digital Realty Trust in a report on Thursday, June 8th. Zacks Investment Research upgraded 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. Canaccord Genuity restated a “buy” rating and set a $127.00 target price on shares of Digital Realty Trust in a report on Friday, August 18th. Finally, KeyCorp reaffirmed a “buy” rating and set a $130.00 price target on shares of Digital Realty Trust in a research note on Friday, August 25th. Seven equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $120.08.
In other Digital Realty Trust news, insider Christopher Sharp sold 25,733 shares of the company’s stock in a transaction dated 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 filing with the Securities & Exchange Commission, which is available at this link. Also, Director William G. Laperch purchased 1,200 shares of Digital Realty Trust stock in a transaction on Monday, August 7th. The stock was bought at an average price of $25.00 per share, for a total transaction of $30,000.00. Following the transaction, the director now directly owns 1,200 shares in the company, valued at approximately $30,000. The disclosure for this purchase can be found here. 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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