Azimuth Capital Management LLC Purchases 170 Shares of Digital Realty Trust, Inc. (DLR)

Azimuth Capital Management LLC boosted its stake in Digital Realty Trust, Inc. (NYSE:DLR) by 0.6% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 29,475 shares of the real estate investment trust’s stock after buying an additional 170 shares during the period. Azimuth Capital Management LLC’s holdings in Digital Realty Trust were worth $3,136,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Northwestern Mutual Investment Management Company LLC raised its position in Digital Realty Trust by 76.4% in the first quarter. Northwestern Mutual Investment Management Company LLC now owns 32,195 shares of the real estate investment trust’s stock valued at $3,425,000 after buying an additional 13,944 shares in the last quarter. Perigon Wealth Management LLC raised its position in Digital Realty Trust by 1.5% in the fourth quarter. Perigon Wealth Management LLC now owns 7,080 shares of the real estate investment trust’s stock valued at $767,000 after buying an additional 104 shares in the last quarter. Dean Investment Associates LLC raised its position in Digital Realty Trust by 6.4% in the first quarter. Dean Investment Associates LLC now owns 10,620 shares of the real estate investment trust’s stock valued at $1,130,000 after buying an additional 642 shares in the last quarter. Kentucky Retirement Systems bought a new position in Digital Realty Trust during the fourth quarter valued at about $1,133,000. Finally, Candriam Luxembourg S.C.A. bought a new position in Digital Realty Trust during the first quarter valued at about $1,288,000.

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

Shares of Digital Realty Trust, Inc. (NYSE DLR) traded up 0.3730% during mid-day trading on Tuesday, hitting $116.9847. The stock had a trading volume of 660,625 shares. The stock’s 50-day moving average price is $115.85 and its 200 day moving average price is $107.14. Digital Realty Trust, Inc. has a 1-year low of $85.63 and a 1-year high of $120.04. The company has a market capitalization of $18.69 billion and a P/E ratio of 50.3810.

Digital Realty Trust (NYSE:DLR) last issued its earnings results on Thursday, April 27th. The real estate investment trust reported $1.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.47 by $0.03. Digital Realty Trust had a return on equity of 12.14% and a net margin of 20.48%. The business had revenue of $550.60 million during the quarter, compared to analysts’ expectations of $552.59 million. During the same quarter in the prior year, the firm earned $1.42 EPS. The business’s revenue for the quarter was up 9.2% compared to the same quarter last year. On average, analysts predict that Digital Realty Trust, Inc. will post $1.61 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, June 30th. Shareholders of record on Thursday, June 15th will be issued a $0.93 dividend. The ex-dividend date is Tuesday, June 13th. This represents a $3.72 dividend on an annualized basis and a yield of 3.19%. Digital Realty Trust’s payout ratio is presently 158.97%.

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Several research analysts have issued reports on the company. Royal Bank Of Canada reiterated a “buy” rating and set a $127.00 price objective on shares of Digital Realty Trust in a research note on Thursday, June 8th. Wells Fargo & Co reiterated a “market perform” rating on shares of Digital Realty Trust in a research note on Monday, June 12th. Macquarie reiterated a “neutral” rating and set a $105.00 price objective on shares of Digital Realty Trust in a research note on Thursday, April 6th. BidaskClub lowered Digital Realty Trust from a “buy” rating to a “hold” rating in a research note on Saturday, June 10th. Finally, Cowen and Company upgraded Digital Realty Trust from a “market perform” rating to an “outperform” rating and increased their price objective for the stock from $106.00 to $126.00 in a research note on Monday, June 12th. Seven analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $113.60.

In other Digital Realty Trust news, SVP Joshua A. Mills sold 4,217 shares of the company’s stock in a transaction dated Wednesday, April 5th. The stock was sold at an average price of $107.00, for a total value of $451,219.00. Following the completion of the transaction, the senior vice president now owns 8,383 shares of the company’s stock, valued at approximately $896,981. The sale 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 company’s stock in a transaction dated Tuesday, June 6th. The stock was 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 of the company’s stock, valued at approximately $1,605,240. The disclosure for this sale can be found here. In the last ninety days, insiders sold 17,617 shares of company stock valued at $2,017,329. 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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “DLR”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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