Digital Realty Trust, Inc. (DLR) Stake Raised by Carret Asset Management LLC
Carret Asset Management LLC lifted its position in Digital Realty Trust, Inc. (NYSE:DLR) by 1.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,236 shares of the real estate investment trust’s stock after buying an additional 31 shares during the quarter. Carret Asset Management LLC’s holdings in Digital Realty Trust were worth $366,000 at the end of the most recent quarter.
Other institutional investors have also recently made changes to their positions in the company. Parallel Advisors LLC lifted its holdings 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 worth $112,000 after buying an additional 148 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Digital Realty Trust by 50.9% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 973 shares of the real estate investment trust’s stock worth $110,000 after buying an additional 328 shares in the last quarter. Sun Life Financial INC lifted its holdings in shares of Digital Realty Trust by 12,844.4% in the second quarter. Sun Life Financial INC now owns 1,165 shares of the real estate investment trust’s stock worth $132,000 after buying an additional 1,156 shares in the last quarter. Almanack Investment Partners LLC. purchased a new stake in shares of Digital Realty Trust in the second quarter worth about $134,000. Finally, Security National Trust Co. purchased a new stake in shares of Digital Realty Trust in the second quarter worth about $164,000.
Shares of Digital Realty Trust, Inc. (NYSE DLR) traded down 0.16% on Friday, reaching $118.22. 1,224,751 shares of the company’s stock were exchanged. The company has a 50 day moving average price of $118.00 and a 200 day moving average price of $114.43. The firm has a market cap of $19.17 billion, a PE ratio of 48.02 and a beta of 0.01. Digital Realty Trust, Inc. has a one year low of $85.63 and a one year high of $127.23.
Digital Realty Trust (NYSE:DLR) last issued its quarterly earnings data on Thursday, July 27th. The real estate investment trust reported $1.54 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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 company’s revenue for the quarter was up 9.9% on a year-over-year basis. During the same period in the prior year, the firm earned $1.42 EPS. Analysts expect that Digital Realty Trust, Inc. will post $1.47 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 29th. Stockholders of record on Friday, September 15th were issued a dividend of $0.93 per share. The ex-dividend date of this dividend was Thursday, September 14th. This represents a $3.72 annualized dividend and a dividend yield of 3.15%. Digital Realty Trust’s dividend payout ratio (DPR) is 148.21%.
A number of equities research analysts have recently issued reports on DLR shares. Barclays PLC reissued a “buy” rating and issued a $132.00 price target on shares of Digital Realty Trust in a report on Friday, September 8th. BidaskClub raised shares of Digital Realty Trust from a “hold” rating to a “buy” rating in a research note on Saturday, June 24th. William Blair assumed coverage on shares of Digital Realty Trust in a research note on Friday, September 22nd. They issued a “market perform” rating on the stock. Stifel Nicolaus reaffirmed a “hold” rating and issued a $117.00 target price on shares of Digital Realty Trust in a research note on Thursday, September 14th. Finally, Jefferies Group LLC reaffirmed a “hold” rating and issued a $119.00 target price on shares of Digital Realty Trust in a research note on Friday, September 15th. Nine analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Digital Realty Trust presently has a consensus rating of “Buy” and an average price target of $121.00.
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In other news, insider Christopher Sharp sold 25,733 shares of the company’s stock in a transaction that occurred on 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 sale, the insider now directly owns 25,733 shares of the company’s stock, valued at approximately $2,996,350.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director William G. Laperch acquired 1,200 shares of the firm’s stock in a transaction dated Monday, August 7th. The shares were purchased at an average cost of $25.00 per share, for a total transaction of $30,000.00. Following the completion of the acquisition, the director now directly owns 1,200 shares in the company, valued at $30,000. The disclosure for this purchase can be found here. 0.40% of the stock is owned by corporate insiders.
Digital Realty Trust 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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