OLD Mutual Customised Solutions Proprietary Ltd. boosted its stake in Digital Realty Trust, Inc. (NYSE:DLR) by 16.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,770 shares of the real estate investment trust’s stock after buying an additional 670 shares during the period. OLD Mutual Customised Solutions Proprietary Ltd.’s holdings in Digital Realty Trust were worth $507,000 at the end of the most recent quarter.
A number of other hedge funds also recently modified their holdings of DLR. Driehaus Capital Management LLC raised its stake in shares of Digital Realty Trust by 12.4% in the first quarter. Driehaus Capital Management LLC now owns 60,341 shares of the real estate investment trust’s stock worth $6,420,000 after buying an additional 6,658 shares in the last quarter. HighTower Advisors LLC raised its stake in shares of Digital Realty Trust by 30.1% in the first quarter. HighTower Advisors LLC now owns 125,234 shares of the real estate investment trust’s stock worth $13,322,000 after buying an additional 28,950 shares in the last quarter. Credit Suisse AG raised its stake in shares of Digital Realty Trust by 4.0% in the first quarter. Credit Suisse AG now owns 1,205,805 shares of the real estate investment trust’s stock worth $128,286,000 after buying an additional 46,008 shares in the last quarter. Tudor Investment Corp ET AL bought a new stake in shares of Digital Realty Trust during the first quarter worth $1,610,000. Finally, Edgestream Partners L.P. raised its stake in shares of Digital Realty Trust by 685.2% in the first quarter. Edgestream Partners L.P. now owns 16,261 shares of the real estate investment trust’s stock worth $1,730,000 after buying an additional 14,190 shares in the last quarter.
Digital Realty Trust, Inc. (NYSE:DLR) opened at 112.71 on Tuesday. The stock has a market capitalization of $18.01 billion, a PE ratio of 48.54 and a beta of -0.02. Digital Realty Trust, Inc. has a 12-month low of $85.63 and a 12-month high of $121.53. The company’s 50-day moving average is $116.89 and its 200 day moving average is $108.44.
Digital Realty Trust (NYSE:DLR) last released its quarterly earnings data on Thursday, April 27th. The real estate investment trust reported $1.50 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.47 by $0.03. Digital Realty Trust had a return on equity of 12.14% and a net margin of 20.48%. The business had revenue of $550.60 million for the quarter, compared to analyst estimates of $552.59 million. During the same quarter in the prior year, the firm posted $1.42 EPS. The business’s quarterly revenue was up 9.2% compared to the same quarter last year. On average, equities research analysts expect that Digital Realty Trust, Inc. will post $1.61 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, June 30th. Stockholders of record on Thursday, June 15th were given a dividend of $0.93 per share. The ex-dividend date was Tuesday, June 13th. This represents a $3.72 dividend on an annualized basis and a dividend yield of 3.30%. Digital Realty Trust’s dividend payout ratio (DPR) is 158.97%.
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DLR has been the topic of a number of recent research reports. Royal Bank Of Canada reiterated a “buy” rating and set a $120.00 price target on shares of Digital Realty Trust in a report on Friday, March 24th. Deutsche Bank AG lifted their price target on shares of Digital Realty Trust from $105.00 to $109.00 and gave the stock a “hold” rating in a report on Friday, April 28th. Wells Fargo & Company lowered shares of Digital Realty Trust from an “outperform” rating to a “market perform” rating and set a $118.00 price target on the stock. in a report on Wednesday, May 17th. Stifel Nicolaus lifted their target price on shares of Digital Realty Trust from $110.00 to $117.00 and gave the stock a “hold” rating in a research note on Monday, May 1st. Finally, BidaskClub raised shares of Digital Realty Trust from a “hold” rating to a “buy” rating in a research note on Saturday, June 24th. One analyst has rated the stock with a sell rating, six have given a hold rating and eleven have assigned a buy rating to the company. Digital Realty Trust has an average rating of “Buy” and an average target price of $117.57.
In other news, SVP Joshua A. Mills sold 9,211 shares of the stock in a transaction that occurred on Tuesday, June 6th. The stock was sold at an average price of $120.00, for a total transaction of $1,105,320.00. Following 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 Securities & Exchange Commission, which is available at this link. Company insiders own 0.40% of the company’s stock.
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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