D.A. Davidson & CO. Purchases 1,720 Shares of Digital Realty Trust, Inc. (DLR)
D.A. Davidson & CO. raised its position in Digital Realty Trust, Inc. (NYSE:DLR) by 8.4% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 22,216 shares of the real estate investment trust’s stock after buying an additional 1,720 shares during the period. D.A. Davidson & CO.’s holdings in Digital Realty Trust were worth $2,509,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. boosted its position in Digital Realty Trust by 50.9% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 973 shares of the real estate investment trust’s stock valued at $110,000 after buying an additional 328 shares during the last quarter. Parallel Advisors LLC boosted its position in Digital Realty Trust by 18.0% in the 2nd quarter. Parallel Advisors LLC now owns 972 shares of the real estate investment trust’s stock valued at $112,000 after buying an additional 148 shares during the last quarter. Almanack Investment Partners LLC. bought a new position in Digital Realty Trust in the 2nd quarter valued at $134,000. Muzinich & Co. Inc. boosted its position in Digital Realty Trust by 37.1% in the 1st quarter. Muzinich & Co. Inc. now owns 1,414 shares of the real estate investment trust’s stock valued at $150,000 after buying an additional 383 shares during the last quarter. Finally, Westside Investment Management Inc. bought a new position in Digital Realty Trust in the 1st quarter valued at $160,000.
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In other news, Director William G. Laperch bought 1,200 shares of the company’s stock in a transaction that occurred on Monday, August 7th. The shares were acquired at an average price 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Christopher Sharp sold 25,733 shares of the business’s stock in a transaction on Wednesday, August 16th. The shares were sold at an average price of $116.44, for a total transaction of $2,996,350.52. Following the completion of the transaction, the insider now owns 25,733 shares in the company, valued at approximately $2,996,350.52. The disclosure for this sale can be found here. 0.40% of the stock is owned by insiders.
A number of research analysts have commented on DLR shares. Royal Bank Of Canada reiterated a “buy” rating and issued a $127.00 price objective on shares of Digital Realty Trust in a research report on Thursday, June 8th. BidaskClub lowered Digital Realty Trust from a “buy” rating to a “hold” rating in a research report on Saturday, June 10th. Cowen and Company upgraded Digital Realty Trust from a “market perform” rating to an “outperform” rating and increased their price objective for the company from $106.00 to $126.00 in a research report on Monday, June 12th. Wells Fargo & Company reiterated a “market perform” rating on shares of Digital Realty Trust in a research report on Monday, June 12th. Finally, Macquarie reiterated a “neutral” rating and issued a $105.00 price objective on shares of Digital Realty Trust in a research report on Tuesday, July 4th. Seven equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $120.00.
Shares of Digital Realty Trust, Inc. (DLR) opened at 116.295 on Friday. Digital Realty Trust, Inc. has a 52 week low of $85.63 and a 52 week high of $127.23. The firm has a market cap of $18.86 billion, a P/E ratio of 47.236 and a beta of -0.01. The company’s 50-day moving average price is $117.53 and its 200 day moving average price is $113.45.
Digital Realty Trust (NYSE:DLR) last released its earnings results on Thursday, July 27th. The real estate investment trust reported $1.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.49 by $0.05. The business had revenue of $565.99 million for the quarter, compared to analyst estimates of $559.93 million. Digital Realty Trust had a net margin of 21.27% and a return on equity of 12.39%. Digital Realty Trust’s revenue for the quarter was up 9.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.42 earnings per share. On average, equities analysts anticipate that Digital Realty Trust, Inc. will post $1.55 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 15th will be issued a $0.93 dividend. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $3.72 annualized dividend and a yield of 3.20%. Digital Realty Trust’s payout ratio is 148.21%.
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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