Conning Inc. Has $339,000 Stake in Digital Realty Trust, Inc. (DLR)
Conning Inc. continued to hold its position in Digital Realty Trust, Inc. (NYSE:DLR) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,001 shares of the real estate investment trust’s stock at the end of the second quarter. Conning Inc.’s holdings in Digital Realty Trust were worth $339,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently bought and sold shares of DLR. Ledyard National Bank boosted its position in 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 in the last quarter. Muzinich & Co. Inc. boosted its position in 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 in the last quarter. Westside Investment Management Inc. bought a new position in Digital Realty Trust during the first quarter worth about $160,000. AXA bought a new position in Digital Realty Trust during the first quarter worth about $200,000. Finally, Exane Derivatives boosted its position in 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 in the last quarter.
Shares of Digital Realty Trust, Inc. (NYSE DLR) opened at 114.86 on Friday. The firm has a market cap of $18.63 billion, a price-to-earnings ratio of 46.65 and a beta of -0.03. The company’s 50-day moving average is $113.36 and its 200 day moving average is $111.46. Digital Realty Trust, Inc. has a 52-week low of $85.63 and a 52-week high of $121.53.
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 the 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 net margin of 21.27% and a return on equity of 12.39%. Digital Realty Trust’s revenue for the quarter was up 9.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.42 EPS. On average, analysts expect that Digital Realty Trust, Inc. will post $1.57 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 15th will be given a dividend of $0.93 per share. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $3.72 dividend on an annualized basis and a yield of 3.24%. Digital Realty Trust’s payout ratio is currently 148.21%.
DLR has been the subject of a number of research analyst reports. BidaskClub raised shares of Digital Realty Trust from a “hold” rating to a “buy” rating in a report on Saturday, June 24th. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $127.00 price target on shares of Digital Realty Trust in a report on Thursday, June 8th. Zacks Investment Research raised shares of Digital Realty Trust from a “hold” rating to a “buy” rating and set a $126.00 price target for the company in a report on Monday, July 17th. Canaccord Genuity reiterated a “buy” rating and issued a $127.00 price objective on shares of Digital Realty Trust in a research note on Friday. Finally, Jefferies Group LLC reiterated a “hold” rating and issued a $120.00 price objective on shares of Digital Realty Trust in a research note on Friday, July 14th. Eight research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $118.50.
In other Digital Realty Trust news, SVP Joshua A. Mills sold 9,211 shares of the company’s 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 completion of the transaction, the senior vice president now owns 13,377 shares in the company, valued at approximately $1,605,240. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director William G. Laperch acquired 1,200 shares of the business’s stock in a transaction on Monday, August 7th. The shares were purchased at an average price of $25.00 per share, with a total value of $30,000.00. Following the transaction, the director now owns 1,200 shares in the company, valued at approximately $30,000. The disclosure for this purchase can be found here. 0.40% of the stock is currently owned by corporate 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.
Want to see what other hedge funds are holding DLR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Digital Realty Trust, Inc. (NYSE:DLR).
Receive News & Stock Ratings for Digital Realty Trust Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Digital Realty Trust Inc. and related stocks with our FREE daily email newsletter.