Fernwood Investment Management LLC cut its stake in Digital Realty Trust, Inc. (NYSE:DLR) by 8.8% during the second quarter, Holdings Channel reports. The fund owned 3,215 shares of the real estate investment trust’s stock after selling 310 shares during the period. Fernwood Investment Management LLC’s holdings in Digital Realty Trust were worth $363,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of DLR. Moloney Securities Asset Management LLC raised its stake in shares of Digital Realty Trust by 18.0% in the first quarter. Moloney Securities Asset Management LLC now owns 9,737 shares of the real estate investment trust’s stock worth $1,036,000 after buying an additional 1,484 shares in the last quarter. IFP Advisors Inc raised its stake in shares of Digital Realty Trust by 17.8% in the first quarter. IFP Advisors Inc now owns 5,816 shares of the real estate investment trust’s stock worth $619,000 after buying an additional 880 shares in the last quarter. Janney Montgomery Scott LLC raised its stake in shares of Digital Realty Trust by 16.8% in the first quarter. Janney Montgomery Scott LLC now owns 36,109 shares of the real estate investment trust’s stock worth $3,842,000 after buying an additional 5,193 shares in the last quarter. Korea Investment CORP raised its stake in shares of Digital Realty Trust by 8.0% in the first quarter. Korea Investment CORP now owns 449,323 shares of the real estate investment trust’s stock worth $47,803,000 after buying an additional 33,123 shares in the last quarter. Finally, Sigma Planning Corp raised its stake in shares of Digital Realty Trust by 7.5% in the first quarter. Sigma Planning Corp now owns 7,357 shares of the real estate investment trust’s stock worth $783,000 after buying an additional 513 shares in the last quarter.

Shares of Digital Realty Trust, Inc. (DLR) opened at 116.49 on Thursday. The company has a 50 day moving average of $113.30 and a 200-day moving average of $111.37. The firm has a market capitalization of $18.89 billion, a P/E ratio of 47.32 and a beta of -0.03. Digital Realty Trust, Inc. has a 12 month low of $85.63 and a 12 month high of $121.53.

Digital Realty Trust (NYSE:DLR) last issued its quarterly earnings results on Thursday, July 27th. The real estate investment trust reported $1.54 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.49 by $0.05. Digital Realty Trust had a return on equity of 12.39% and a net margin of 21.27%. The firm had revenue of $565.99 million for the quarter, compared to analyst estimates of $559.93 million. During the same period in the previous year, the firm earned $1.42 earnings per share. The company’s revenue was up 9.9% compared to the same quarter last year. Analysts predict that Digital Realty Trust, Inc. will post $1.57 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 15th will be paid a $0.93 dividend. This represents a $3.72 annualized dividend and a yield of 3.19%. The ex-dividend date of this dividend is Thursday, September 14th. Digital Realty Trust’s dividend payout ratio (DPR) is presently 148.21%.

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A number of equities research analysts have commented on the stock. Royal Bank Of Canada reissued a “buy” rating on shares of Digital Realty Trust in a report on Monday, May 1st. Macquarie reissued a “neutral” rating and set a $105.00 price objective on shares of Digital Realty Trust in a report on Tuesday, July 4th. BidaskClub raised shares of Digital Realty Trust from a “hold” rating to a “buy” rating in a report on Saturday, June 24th. Zacks Investment Research raised shares of Digital Realty Trust from a “hold” rating to a “buy” rating and set a $126.00 price objective on the stock in a report on Monday, July 17th. Finally, Deutsche Bank AG increased their price objective on shares of Digital Realty Trust from $105.00 to $109.00 and gave the stock a “hold” rating in a report on Friday, April 28th. Eight research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $116.67.

In other Digital Realty Trust news, Director William G. Laperch purchased 1,200 shares of the company’s stock in a transaction on Monday, August 7th. The shares were purchased at an average cost of $25.00 per share, with a total value of $30,000.00. Following the completion of the purchase, the director now owns 1,200 shares in the company, valued at $30,000. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP Joshua A. Mills sold 9,211 shares of the business’s stock in a transaction that occurred 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 $1,605,240. The disclosure for this sale can be found here. 0.40% of the stock is currently owned by insiders.

Digital Realty Trust Company 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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