Atalanta Sosnoff Capital LLC Acquires Shares of 87,147 Digital Realty Trust Inc. (DLR)
Atalanta Sosnoff Capital LLC acquired a new position in shares of Digital Realty Trust Inc. (NYSE:DLR) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 87,147 shares of the real estate investment trust’s stock, valued at approximately $9,498,000. Atalanta Sosnoff Capital LLC owned about 0.06% of Digital Realty Trust as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. W.G. Shaheen & Associates DBA Whitney & Co bought a new position in Digital Realty Trust during the second quarter worth $200,000. Financial Architects Inc bought a new position in Digital Realty Trust during the second quarter worth $200,000. BLB&B Advisors LLC bought a new position in Digital Realty Trust during the second quarter worth $211,000. First Financial Bank N.A. Trust Division bought a new position in Digital Realty Trust during the second quarter worth $234,000. Finally, Mn Services Vermogensbeheer B.V. bought a new position in Digital Realty Trust during the first quarter worth $284,000.
Shares of Digital Realty Trust Inc. (NYSE:DLR) traded up 0.36% during trading on Tuesday, hitting $94.06. The stock had a trading volume of 1,932,893 shares. The firm has a market cap of $13.81 billion, a P/E ratio of 209.02 and a beta of 0.34. Digital Realty Trust Inc. has a 12-month low of $62.42 and a 12-month high of $113.21. The firm has a 50 day moving average price of $99.35 and a 200 day moving average price of $96.84.
Digital Realty Trust (NYSE:DLR) last issued its quarterly earnings data on Thursday, July 28th. The real estate investment trust reported $1.42 EPS for the quarter, beating the consensus estimate of $1.38 by $0.04. Digital Realty Trust had a return on equity of 5.02% and a net margin of 7.82%. The firm earned $514.90 million during the quarter, compared to analyst estimates of $507.72 million. During the same quarter in the prior year, the business posted $1.30 EPS. The business’s revenue for the quarter was up 22.5% compared to the same quarter last year. On average, equities analysts expect that Digital Realty Trust Inc. will post $5.71 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 30th. Stockholders of record on Thursday, September 15th will be issued a dividend of $0.88 per share. The ex-dividend date is Tuesday, September 13th. This represents a $3.52 annualized dividend and a dividend yield of 3.74%. Digital Realty Trust’s dividend payout ratio is presently 765.22%.
A number of research analysts recently weighed in on the company. Jefferies Group reaffirmed a “hold” rating on shares of Digital Realty Trust in a research report on Tuesday, August 23rd. Royal Bank Of Canada lifted their target price on Digital Realty Trust from $105.00 to $120.00 and gave the stock an “outperform” rating in a report on Thursday, August 4th. Citigroup Inc. reduced their target price on Digital Realty Trust from $108.00 to $91.00 and set a “neutral” rating for the company in a report on Thursday, July 7th. Wells Fargo & Co. began coverage on Digital Realty Trust in a report on Tuesday, May 31st. They issued an “outperform” rating for the company. Finally, SunTrust Banks Inc. began coverage on Digital Realty Trust in a report on Thursday, July 21st. They issued a “buy” rating and a $125.00 target price for the company. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and eight have issued a buy rating to the stock. Digital Realty Trust presently has an average rating of “Hold” and an average price target of $97.35.
In other news, insider Edward F. Sham sold 14,701 shares of the stock in a transaction on Thursday, September 15th. The stock was sold at an average price of $92.50, for a total transaction of $1,359,842.50. Following the completion of the sale, the insider now owns 19,039 shares in the company, valued at approximately $1,761,107.50. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.29% of the company’s stock.
About Digital Realty Trust
Digital Realty Trust, Inc is a real estate investment trust (REIT). The Company owns, acquires, develops and manages technology-related real estate. 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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