WESPAC Advisors LLC boosted its holdings in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 63.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 25,524 shares of the real estate investment trust’s stock after purchasing an additional 9,944 shares during the quarter. Digital Realty Trust makes up 2.0% of WESPAC Advisors LLC’s holdings, making the stock its 9th largest position. WESPAC Advisors LLC’s holdings in Digital Realty Trust were worth $2,883,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of DLR. BlackRock Inc. boosted its position in Digital Realty Trust by 2,651.9% during the first quarter. BlackRock Inc. now owns 15,147,324 shares of the real estate investment trust’s stock worth $1,611,523,000 after purchasing an additional 14,596,894 shares in the last quarter. Principal Financial Group Inc. boosted its position in Digital Realty Trust by 171.5% during the second quarter. Principal Financial Group Inc. now owns 1,645,291 shares of the real estate investment trust’s stock worth $185,835,000 after purchasing an additional 1,039,244 shares in the last quarter. JPMorgan Chase & Co. boosted its position in Digital Realty Trust by 34.8% during the first quarter. JPMorgan Chase & Co. now owns 3,325,268 shares of the real estate investment trust’s stock worth $353,775,000 after purchasing an additional 857,798 shares in the last quarter. Vanguard Group Inc. boosted its position in Digital Realty Trust by 2.0% during the first quarter. Vanguard Group Inc. now owns 27,643,911 shares of the real estate investment trust’s stock worth $2,941,034,000 after purchasing an additional 529,792 shares in the last quarter. Finally, Resolution Capital Ltd purchased a new position in Digital Realty Trust during the first quarter worth approximately $55,624,000.

Digital Realty Trust, Inc. (DLR) traded down 0.51% during midday trading on Wednesday, hitting $118.57. The company had a trading volume of 304,447 shares. Digital Realty Trust, Inc. has a 52-week low of $85.63 and a 52-week high of $121.53. The stock has a market cap of $19.23 billion, a PE ratio of 48.16 and a beta of -0.01. The stock’s 50-day moving average price is $115.37 and its 200-day moving average price is $112.49.

Digital Realty Trust (NYSE:DLR) last issued its quarterly earnings results on Thursday, July 27th. The real estate investment trust reported $1.54 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.49 by $0.05. The company 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%. Digital Realty Trust’s revenue was up 9.9% on a year-over-year basis. During the same period in the previous year, the firm posted $1.42 EPS. On average, equities research analysts expect that Digital Realty Trust, Inc. will post $1.57 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 15th will be issued a $0.93 dividend. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $3.72 annualized dividend and a yield of 3.12%. Digital Realty Trust’s dividend payout ratio (DPR) is presently 148.21%.

In other Digital Realty Trust news, insider Christopher Sharp sold 25,733 shares of the business’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 approximately $2,996,350.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director William G. Laperch purchased 1,200 shares of the business’s stock in a transaction on Monday, August 7th. The stock was acquired at an average price of $25.00 per share, with a total value of $30,000.00. Following the completion of the acquisition, 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.

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Several equities analysts have recently weighed in on DLR shares. Wells Fargo & Company restated a “market perform” rating on shares of Digital Realty Trust in a research report on Monday, June 12th. Zacks Investment Research downgraded Digital Realty Trust from a “buy” rating to a “hold” rating in a research report on Wednesday, August 2nd. KeyCorp restated a “buy” rating and issued a $130.00 target price on shares of Digital Realty Trust in a research report on Friday, August 25th. Cowen and Company restated a “buy” rating and issued a $126.00 target price on shares of Digital Realty Trust in a research report on Friday, August 25th. Finally, BidaskClub upgraded Digital Realty Trust from a “sell” rating to a “hold” rating in a research report on Monday, July 31st. Seven equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $119.38.

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.

Institutional Ownership by Quarter for Digital Realty Trust (NYSE:DLR)

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