Digital Realty Trust, Inc. (DLR) Position Cut by Utah Retirement Systems
Utah Retirement Systems reduced its position in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 0.7% during the second quarter, according to its most recent filing with the SEC. The fund owned 35,554 shares of the real estate investment trust’s stock after selling 240 shares during the period. Utah Retirement Systems’ holdings in Digital Realty Trust were worth $4,016,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in DLR. Parallel Advisors LLC boosted its position in Digital Realty Trust by 18.0% in the second quarter. Parallel Advisors LLC now owns 972 shares of the real estate investment trust’s stock worth $112,000 after buying an additional 148 shares in the last quarter. Muzinich & Co. Inc. boosted its position in Digital Realty Trust by 37.1% in the first quarter. Muzinich & Co. Inc. now owns 1,414 shares of the real estate investment trust’s stock worth $150,000 after buying an additional 383 shares in the last quarter. Westside Investment Management Inc. acquired a new position in Digital Realty Trust during the first quarter worth about $160,000. Security National Trust Co. acquired a new position in Digital Realty Trust during the second quarter worth about $164,000. Finally, AXA acquired a new position in Digital Realty Trust during the first quarter worth about $200,000.
Digital Realty Trust, Inc. (NYSE:DLR) opened at 117.57 on Tuesday. Digital Realty Trust, Inc. has a 1-year low of $85.63 and a 1-year high of $121.53. The firm has a market capitalization of $19.07 billion, a price-to-earnings ratio of 47.75 and a beta of -0.03. The company has a 50 day moving average price of $114.15 and a 200-day moving average price of $111.83.
Digital Realty Trust (NYSE:DLR) last issued its quarterly earnings data on Thursday, July 27th. The real estate investment trust reported $1.54 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.49 by $0.05. The company had revenue of $565.99 million for the quarter, compared to analysts’ expectations 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 revenue for the quarter was up 9.9% on a year-over-year basis. During the same period in the previous year, the firm posted $1.42 earnings per share. On average, analysts forecast that Digital Realty Trust, Inc. will post $1.57 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 15th will be paid a dividend of $0.93 per share. The ex-dividend date is Thursday, September 14th. This represents a $3.72 dividend on an annualized basis and a dividend yield of 3.16%. Digital Realty Trust’s dividend payout ratio is 148.21%.
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DLR has been the topic of a number of recent analyst reports. Royal Bank Of Canada reiterated a “buy” rating and issued a $127.00 target price on shares of Digital Realty Trust in a research report on Thursday, June 8th. BidaskClub upgraded Digital Realty Trust from a “hold” rating to a “buy” rating in a research report on Saturday, June 24th. Zacks Investment Research upgraded Digital Realty Trust from a “hold” rating to a “buy” rating and set a $126.00 target price on the stock in a research report on Monday, July 17th. Canaccord Genuity reiterated a “buy” rating and issued a $127.00 target price on shares of Digital Realty Trust in a research report on Friday, August 18th. Finally, KeyCorp reiterated a “buy” rating and issued a $130.00 target price on shares of Digital Realty Trust in a research report on Friday. Seven equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $119.38.
In other news, SVP Joshua A. Mills sold 9,211 shares of the company’s 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 of the company’s stock, valued at $1,605,240. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Christopher Sharp sold 25,733 shares of the company’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 directly owns 25,733 shares in the company, valued at approximately $2,996,350.52. 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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