Almanack Investment Partners LLC. acquired a new stake in Digital Realty Trust, Inc. (NYSE:DLR) in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 1,186 shares of the real estate investment trust’s stock, valued at approximately $134,000.
Several other hedge funds have also made changes to their positions in DLR. Parallel Advisors LLC raised its stake in shares of Digital Realty Trust by 18.0% in the 2nd quarter. Parallel Advisors LLC now owns 972 shares of the real estate investment trust’s stock valued at $112,000 after buying an additional 148 shares in the last quarter. Muzinich & Co. Inc. increased its position in shares of Digital Realty Trust by 37.1% during the 1st 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 in the last quarter. Westside Investment Management Inc. acquired a new stake in shares of Digital Realty Trust during the 1st quarter worth about $160,000. Security National Trust Co. acquired a new stake in shares of Digital Realty Trust during the 2nd quarter worth about $164,000. Finally, AXA acquired a new stake in shares of Digital Realty Trust during the 1st quarter worth about $200,000.
In other Digital Realty Trust news, insider Christopher Sharp sold 25,733 shares of the business’s stock in a transaction dated Wednesday, August 16th. The stock was sold at an average price of $116.44, for a total transaction of $2,996,350.52. Following the completion of the transaction, the insider now owns 25,733 shares of the company’s stock, valued at $2,996,350.52. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director William G. Laperch bought 1,200 shares of the stock in a transaction on Monday, August 7th. The shares were acquired at an average cost of $25.00 per share, with a total value of $30,000.00. Following the purchase, the director now owns 1,200 shares of the company’s stock, valued at approximately $30,000. The disclosure for this purchase can be found here. 0.40% of the stock is currently owned by insiders.
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A number of equities research analysts recently issued reports on DLR shares. BidaskClub upgraded shares of Digital Realty Trust from a “hold” rating to a “buy” rating in a research report on Saturday, June 24th. Royal Bank Of Canada reiterated a “buy” rating and set a $127.00 target price on shares of Digital Realty Trust in a research report on Thursday, June 8th. Zacks Investment Research upgraded shares of Digital Realty Trust from a “hold” rating to a “buy” rating and set a $126.00 target price for the company in a research report on Monday, July 17th. Canaccord Genuity reiterated a “buy” rating and set a $127.00 target price on shares of Digital Realty Trust in a research report on Friday, August 18th. Finally, KeyCorp reiterated a “buy” rating and set a $130.00 target price on shares of Digital Realty Trust in a research report on Friday, August 25th. Seven research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Digital Realty Trust presently has a consensus rating of “Buy” and an average target price of $120.08.
Shares of Digital Realty Trust, Inc. (NYSE DLR) traded up 4.26% during midday trading on Monday, reaching $125.77. 627,053 shares of the company’s stock were exchanged. The stock has a market cap of $20.40 billion, a PE ratio of 51.08 and a beta of -0.01. The company’s 50 day moving average is $116.17 and its 200-day moving average is $112.78. Digital Realty Trust, Inc. has a 12 month low of $85.63 and a 12 month high of $125.82.
Digital Realty Trust (NYSE:DLR) last issued its earnings results on Thursday, July 27th. The real estate investment trust reported $1.54 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.49 by $0.05. The firm had revenue of $565.99 million during the quarter, compared to the consensus estimate of $559.93 million. Digital Realty Trust had a return on equity of 12.39% and a net margin of 21.27%. The business’s quarterly revenue was up 9.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.42 earnings per share. Equities analysts forecast that Digital Realty Trust, Inc. will post $1.57 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 15th will be paid a dividend of $0.93 per share. This represents a $3.72 annualized dividend and a yield of 3.08%. The ex-dividend date of this dividend is Thursday, September 14th. Digital Realty Trust’s payout ratio is 148.21%.
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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