M&G Plc Takes Position in Digital Realty Trust, Inc. (NYSE:DLR)

M&G Plc bought a new position in shares of Digital Realty Trust, Inc. (NYSE:DLR) during the 2nd quarter, Holdings Channel.com reports. The fund bought 1,361 shares of the real estate investment trust’s stock, valued at approximately $207,000.

Other large investors have also modified their holdings of the company. Rise Advisors LLC raised its position in Digital Realty Trust by 1,125.0% in the first quarter. Rise Advisors LLC now owns 196 shares of the real estate investment trust’s stock worth $28,000 after acquiring an additional 180 shares in the last quarter. GoalVest Advisory LLC purchased a new stake in shares of Digital Realty Trust during the 1st quarter worth $29,000. Bfsg LLC acquired a new position in shares of Digital Realty Trust during the 4th quarter worth $31,000. Future Financial Wealth Managment LLC purchased a new position in shares of Digital Realty Trust in the 1st quarter valued at about $34,000. Finally, Tennessee Valley Asset Management Partners acquired a new stake in shares of Digital Realty Trust in the fourth quarter valued at about $32,000. 99.71% of the stock is owned by hedge funds and other institutional investors.

Digital Realty Trust Trading Up 0.6 %

NYSE DLR opened at $149.57 on Wednesday. The company has a 50-day moving average of $150.81 and a 200-day moving average of $145.42. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.78 and a quick ratio of 1.29. Digital Realty Trust, Inc. has a 12 month low of $113.94 and a 12 month high of $162.58. The company has a market cap of $46.73 billion, a P/E ratio of 41.55, a P/E/G ratio of 10.97 and a beta of 0.59.

Digital Realty Trust (NYSE:DLR) last posted its quarterly earnings results on Thursday, July 25th. The real estate investment trust reported $0.20 earnings per share for the quarter, missing analysts’ consensus estimates of $1.63 by ($1.43). Digital Realty Trust had a return on equity of 5.93% and a net margin of 20.58%. The company had revenue of $1.36 billion for the quarter, compared to analysts’ expectations of $1.38 billion. During the same period in the prior year, the business earned $1.68 EPS. The business’s revenue for the quarter was down .7% on a year-over-year basis. As a group, equities analysts predict that Digital Realty Trust, Inc. will post 6.67 earnings per share for the current year.

Digital Realty Trust Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 13th will be paid a dividend of $1.22 per share. The ex-dividend date of this dividend is Friday, September 13th. This represents a $4.88 annualized dividend and a yield of 3.26%. Digital Realty Trust’s dividend payout ratio is presently 135.56%.

Insider Transactions at Digital Realty Trust

In related news, Director Jean F. H. P. Mandeville sold 600 shares of the stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $150.26, for a total transaction of $90,156.00. Following the completion of the sale, the director now owns 9,055 shares of the company’s stock, valued at approximately $1,360,604.30. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.17% of the company’s stock.

Analyst Ratings Changes

DLR has been the topic of several recent analyst reports. TD Cowen lowered their target price on shares of Digital Realty Trust from $122.00 to $120.00 and set a “hold” rating on the stock in a research report on Friday, July 26th. Barclays upped their price target on Digital Realty Trust from $123.00 to $130.00 and gave the stock an “underweight” rating in a report on Wednesday, July 24th. HSBC boosted their target price on Digital Realty Trust from $115.00 to $118.00 and gave the stock a “reduce” rating in a research report on Friday, May 3rd. Mizuho began coverage on Digital Realty Trust in a research report on Thursday, July 11th. They issued an “outperform” rating and a $170.00 price target for the company. Finally, Royal Bank of Canada boosted their price objective on shares of Digital Realty Trust from $144.00 to $160.00 and gave the stock an “outperform” rating in a research report on Monday, June 3rd. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $154.00.

About Digital Realty Trust

Digital Realty brings companies and data together by delivering the full spectrum of data center, colocation, and interconnection solutions. PlatformDIGITAL, the company's global data center platform, provides customers with a secure data meeting place and a proven Pervasive Datacenter Architecture (PDx) solution methodology for powering innovation and efficiently managing Data Gravity challenges.