Robeco Institutional Asset Management B.V. Has $9.20 Million Position in Digital Realty Trust, Inc. (DLR)
Robeco Institutional Asset Management B.V. lowered its stake in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 8.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 81,442 shares of the real estate investment trust’s stock after selling 7,921 shares during the period. Robeco Institutional Asset Management B.V. owned 0.05% of Digital Realty Trust worth $9,198,000 at the end of the most recent reporting period.
Other institutional investors also recently made changes to their positions in the company. Parallel Advisors LLC increased its stake in shares of Digital Realty Trust by 18.0% in the second 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 during the last quarter. Muzinich & Co. Inc. boosted 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 valued at $150,000 after buying an additional 383 shares during the period. Westside Investment Management Inc. purchased a new position in shares of Digital Realty Trust during the first quarter valued at approximately $160,000. Security National Trust Co. purchased a new position in shares of Digital Realty Trust during the second quarter valued at approximately $164,000. Finally, AXA purchased a new position in shares of Digital Realty Trust during the first quarter valued at approximately $200,000.
Shares of Digital Realty Trust, Inc. (DLR) opened at 118.06 on Thursday. The company has a market cap of $19.15 billion, a PE ratio of 47.95 and a beta of -0.03. The stock’s 50 day moving average price is $114.15 and its 200-day moving average price is $111.83. 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 data on Thursday, July 27th. The real estate investment trust reported $1.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.49 by $0.05. The business had revenue of $565.99 million for the quarter, compared to analysts’ expectations of $559.93 million. Digital Realty Trust had a return on equity of 12.39% and a net margin of 21.27%. The firm’s quarterly revenue was up 9.9% on a year-over-year basis. During the same period in the prior year, the firm posted $1.42 EPS. Analysts expect that Digital Realty Trust, Inc. will post $1.57 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 15th will be issued a dividend of $0.93 per share. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $3.72 annualized dividend and a dividend yield of 3.15%. Digital Realty Trust’s payout ratio is 148.21%.
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Several research analysts recently commented on DLR shares. BidaskClub raised Digital Realty Trust from a “hold” rating to a “buy” rating in a research report on Saturday, June 24th. Wells Fargo & Company cut Digital Realty Trust from an “outperform” rating to a “market perform” rating and set a $118.00 target price for the company. in a research report on Wednesday, May 17th. Cowen and Company raised Digital Realty Trust from a “market perform” rating to an “outperform” rating and raised their target price for the stock from $106.00 to $126.00 in a research report on Monday, June 12th. Macquarie reissued a “neutral” rating and set a $105.00 price objective on shares of Digital Realty Trust in a report on Tuesday, July 4th. Finally, Jefferies Group LLC reissued a “hold” rating and set a $120.00 price objective on shares of Digital Realty Trust in a report on Friday, July 14th. Seven investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $119.38.
In related news, Director William G. Laperch bought 1,200 shares of the firm’s stock in a transaction that occurred on Monday, August 7th. The shares were bought at an average cost of $25.00 per share, with a total value of $30,000.00. Following the acquisition, the director now owns 1,200 shares in the company, valued at $30,000. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Christopher Sharp sold 25,733 shares of the firm’s stock in a transaction on 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 completion of the transaction, the insider now directly owns 25,733 shares in the company, valued at $2,996,350.52. The disclosure for this sale can be found here. 0.40% of the stock is 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.
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