Pioneer Investment Management Inc. lowered its position in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 2.4% during the second quarter, Holdings Channel reports. The firm owned 203,479 shares of the real estate investment trust’s stock after selling 5,106 shares during the period. Pioneer Investment Management Inc.’s holdings in Digital Realty Trust were worth $22,983,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Ledyard National Bank raised its position in Digital Realty Trust by 15.9% in the first quarter. Ledyard National Bank now owns 1,095 shares of the real estate investment trust’s stock worth $116,000 after buying an additional 150 shares during the period. Muzinich & Co. Inc. raised 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 during the period. Westside Investment Management Inc. purchased a new position in Digital Realty Trust during the first quarter worth approximately $160,000. AXA purchased a new position in Digital Realty Trust during the first quarter worth approximately $200,000. Finally, Exane Derivatives raised its position in Digital Realty Trust by 157.3% in the first quarter. Exane Derivatives now owns 1,909 shares of the real estate investment trust’s stock worth $203,000 after buying an additional 1,167 shares during the period.
Digital Realty Trust, Inc. (NYSE:DLR) opened at 114.41 on Thursday. The company has a market capitalization of $18.56 billion, a P/E ratio of 46.47 and a beta of -0.03. Digital Realty Trust, Inc. has a 52 week low of $85.63 and a 52 week high of $121.53. The stock’s 50 day moving average is $114.04 and its 200 day moving average is $111.11.
Digital Realty Trust (NYSE:DLR) last released its quarterly earnings results on Thursday, July 27th. The real estate investment trust reported $1.54 EPS for the quarter, topping analysts’ consensus estimates of $1.49 by $0.05. Digital Realty Trust had a net margin of 21.27% and a return on equity of 12.39%. The firm had revenue of $565.99 million during the quarter, compared to analysts’ expectations of $559.93 million. During the same period in the previous year, the company earned $1.42 EPS. The firm’s revenue for the quarter was up 9.9% compared to the same quarter last year. On average, equities research analysts expect that Digital Realty Trust, Inc. will post $1.58 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 15th will be issued 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 yield of 3.25%. Digital Realty Trust’s payout ratio is 148.21%.
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DLR has been the subject of a number of recent analyst reports. BidaskClub upgraded shares of Digital Realty Trust from a “hold” rating to a “buy” rating in a research report on Saturday, June 24th. Royal Bank Of Canada restated a “buy” rating and set a $127.00 price target on shares of Digital Realty Trust in a research report on Thursday, June 8th. Zacks Investment Research upgraded shares of Digital Realty Trust from a “hold” rating to a “buy” rating and set a $126.00 price target for the company in a research report on Monday, July 17th. Stifel Nicolaus upped their target price on shares of Digital Realty Trust from $110.00 to $117.00 and gave the stock a “hold” rating in a research report on Monday, May 1st. Finally, Deutsche Bank AG upped their target price on shares of Digital Realty Trust from $105.00 to $109.00 and gave the stock a “hold” rating in a research report on Friday, April 28th. Eight research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $116.67.
In related news, Director William G. Laperch acquired 1,200 shares of the firm’s stock in a transaction that occurred on Monday, August 7th. The stock was bought at an average price of $25.00 per share, for a total transaction of $30,000.00. Following the acquisition, the director now directly owns 1,200 shares of the company’s stock, valued at approximately $30,000. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Joshua A. Mills sold 9,211 shares of Digital Realty Trust stock in a transaction dated Tuesday, June 6th. The shares were sold at an average price of $120.00, for a total transaction of $1,105,320.00. Following the sale, the senior vice president now owns 13,377 shares of the company’s stock, valued at approximately $1,605,240. The disclosure for this sale can be found here. Company 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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