State Street Corp trimmed its position in Digital Realty Trust, Inc. (NYSE:DLR) by 2.4% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 9,122,753 shares of the real estate investment trust’s stock after selling 223,822 shares during the period. State Street Corp owned about 5.62% of Digital Realty Trust worth $1,030,412,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the business. National Planning Corp grew its position in Digital Realty Trust by 0.5% in the 2nd quarter. National Planning Corp now owns 2,429 shares of the real estate investment trust’s stock worth $275,000 after purchasing an additional 12 shares in the last quarter. Blue Chip Partners Inc. grew its position in Digital Realty Trust by 0.8% in the 2nd quarter. Blue Chip Partners Inc. now owns 1,842 shares of the real estate investment trust’s stock worth $208,000 after purchasing an additional 15 shares in the last quarter. Shoker Investment Counsel Inc. grew its position in Digital Realty Trust by 0.8% in the 2nd quarter. Shoker Investment Counsel Inc. now owns 2,034 shares of the real estate investment trust’s stock worth $229,000 after purchasing an additional 17 shares in the last quarter. Motco grew its position in Digital Realty Trust by 0.9% in the 2nd quarter. Motco now owns 3,431 shares of the real estate investment trust’s stock worth $388,000 after purchasing an additional 32 shares in the last quarter. Finally, Sheets Smith Wealth Management grew its position in Digital Realty Trust by 0.9% in the 2nd quarter. Sheets Smith Wealth Management now owns 4,956 shares of the real estate investment trust’s stock worth $560,000 after purchasing an additional 44 shares in the last quarter.

In related news, insider Christopher Sharp sold 25,733 shares of the firm’s stock in a transaction that occurred on Wednesday, August 16th. The shares were sold at an average price of $116.44, for a total value of $2,996,350.52. Following the transaction, the insider now owns 25,733 shares of the company’s stock, valued at $2,996,350.52. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director William G. Laperch acquired 1,200 shares of the company’s stock in a transaction that occurred on Monday, August 7th. The stock was acquired at an average cost of $25.00 per share, for a total transaction of $30,000.00. Following the acquisition, the director now owns 1,200 shares of the company’s stock, valued at approximately $30,000. The disclosure for this purchase can be found here. Company insiders own 0.40% of the company’s stock.

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Shares of Digital Realty Trust, Inc. (DLR) traded down 0.16% during mid-day trading on Friday, hitting $118.22. 1,224,751 shares of the company were exchanged. Digital Realty Trust, Inc. has a 52 week low of $85.63 and a 52 week high of $127.23. The company has a 50 day moving average of $118.00 and a 200 day moving average of $114.43. The company has a market capitalization of $19.17 billion, a P/E ratio of 48.02 and a beta of 0.01.

Digital Realty Trust (NYSE:DLR) last posted its quarterly earnings data on Thursday, July 27th. The real estate investment trust reported $1.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 net margin of 21.27% and a return on equity of 12.39%. The firm’s revenue was up 9.9% compared to the same quarter last year. During the same quarter last year, the firm posted $1.42 earnings per share. Equities analysts anticipate that Digital Realty Trust, Inc. will post $1.47 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Friday, September 15th were issued a $0.93 dividend. This represents a $3.72 dividend on an annualized basis and a dividend yield of 3.15%. The ex-dividend date was Thursday, September 14th. Digital Realty Trust’s payout ratio is 148.21%.

A number of brokerages have issued reports on DLR. Stifel Nicolaus reaffirmed a “hold” rating and issued a $117.00 price objective on shares of Digital Realty Trust in a research report on Thursday, September 14th. Barclays PLC reaffirmed a “buy” rating and issued a $132.00 price objective on shares of Digital Realty Trust in a research report on Friday, September 8th. BidaskClub raised shares of Digital Realty Trust from a “hold” rating to a “buy” rating in a research report on Saturday, June 24th. Cowen and Company reaffirmed a “buy” rating and issued a $126.00 price objective on shares of Digital Realty Trust in a research report on Friday, August 25th. Finally, KeyCorp reaffirmed a “buy” rating and issued a $130.00 price objective on shares of Digital Realty Trust in a research report on Friday, August 25th. Nine investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $121.00.

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

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