LMR Partners LLP Takes Position in Digital Realty Trust, Inc. (DLR)

LMR Partners LLP bought a new stake in shares of Digital Realty Trust, Inc. (NYSE:DLR) during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 18,397 shares of the real estate investment trust’s stock, valued at approximately $2,078,000.

Other hedge funds have also made changes to their positions in the company. Renaissance Technologies LLC increased its stake in shares of Digital Realty Trust by 45.6% in the first quarter. Renaissance Technologies LLC now owns 397,100 shares of the real estate investment trust’s stock valued at $42,247,000 after buying an additional 124,300 shares during the last quarter. Tudor Investment Corp ET AL acquired a new stake in shares of Digital Realty Trust during the first quarter valued at $1,610,000. Northwestern Mutual Investment Management Company LLC increased its stake in shares of Digital Realty Trust by 76.4% in the first quarter. Northwestern Mutual Investment Management Company LLC now owns 32,195 shares of the real estate investment trust’s stock valued at $3,425,000 after buying an additional 13,944 shares during the last quarter. Dean Investment Associates LLC increased its stake in shares of Digital Realty Trust by 6.4% in the first quarter. Dean Investment Associates LLC now owns 10,620 shares of the real estate investment trust’s stock valued at $1,130,000 after buying an additional 642 shares during the last quarter. Finally, Azimuth Capital Management LLC increased its stake in shares of Digital Realty Trust by 0.6% in the first quarter. Azimuth Capital Management LLC now owns 29,475 shares of the real estate investment trust’s stock valued at $3,136,000 after buying an additional 170 shares during the last quarter.

Digital Realty Trust, Inc. (NYSE:DLR) opened at 115.13 on Wednesday. Digital Realty Trust, Inc. has a one year low of $85.63 and a one year high of $121.53. The company has a 50 day moving average price of $113.31 and a 200-day moving average price of $111.33. The firm has a market capitalization of $18.67 billion, a PE ratio of 46.76 and a beta of -0.03.

Digital Realty Trust (NYSE:DLR) last posted its quarterly earnings results on Thursday, July 27th. The real estate investment trust reported $1.54 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.49 by $0.05. The company had revenue of $565.99 million for 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%. The firm’s quarterly revenue was up 9.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.42 EPS. On average, equities analysts predict that Digital Realty Trust, Inc. will post $1.57 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 15th will be paid a $0.93 dividend. This represents a $3.72 dividend on an annualized basis and a dividend yield of 3.23%. The ex-dividend date is Thursday, September 14th. Digital Realty Trust’s dividend payout ratio (DPR) is currently 148.21%.

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Several analysts have weighed in on DLR shares. Deutsche Bank AG lifted their target price on Digital Realty Trust from $105.00 to $109.00 and gave the company a “hold” rating in a research note on Friday, April 28th. BidaskClub raised Digital Realty Trust from a “hold” rating to a “buy” rating in a research note on Saturday, June 24th. Barclays PLC reaffirmed an “overweight” rating and set a $123.00 target price (up previously from $120.00) on shares of Digital Realty Trust in a research note on Wednesday, April 19th. Macquarie reaffirmed a “neutral” rating and set a $105.00 target price on shares of Digital Realty Trust in a research note on Tuesday, July 4th. Finally, Cowen and Company raised Digital Realty Trust from a “market perform” rating to an “outperform” rating and lifted their target price for the company from $106.00 to $126.00 in a research note on Monday, June 12th. Eight equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $116.67.

In related news, Director William G. Laperch purchased 1,200 shares of the business’s stock in a transaction dated Monday, August 7th. The shares were bought at an average price of $25.00 per share, with a total value of $30,000.00. Following the purchase, the director now directly owns 1,200 shares in the company, valued at approximately $30,000. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Joshua A. Mills sold 9,211 shares of the stock in a transaction on Tuesday, June 6th. The shares were sold at an average price of $120.00, for a total value of $1,105,320.00. Following the completion of the transaction, the senior vice president now directly owns 13,377 shares in the company, valued at approximately $1,605,240. The disclosure for this sale can be found here. Corporate insiders own 0.40% of the company’s stock.

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.

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

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