Pinnacle Financial Partners Inc. increased its position in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 10.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,740 shares of the real estate investment trust’s stock after buying an additional 440 shares during the period. Pinnacle Financial Partners Inc.’s holdings in Digital Realty Trust were worth $535,000 as of its most recent filing with the SEC.
A number of other hedge funds also recently made changes to their positions in DLR. Ledyard National Bank increased its stake in shares of 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 in the last quarter. Muzinich & Co. Inc. increased its stake in shares of 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. bought a new stake in shares of Digital Realty Trust during the first quarter worth about $160,000. AXA bought a new stake in shares of Digital Realty Trust during the first quarter worth about $200,000. Finally, Exane Derivatives increased its stake in shares of 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 in the last quarter.
Digital Realty Trust, Inc. (NYSE DLR) opened at 111.82 on Monday. Digital Realty Trust, Inc. has a 1-year low of $85.63 and a 1-year high of $121.53. The company’s 50 day moving average is $113.61 and its 200-day moving average is $111.16. The stock has a market capitalization of $18.14 billion, a PE ratio of 45.42 and a beta of -0.03.
Digital Realty Trust (NYSE:DLR) last announced its quarterly earnings results on Thursday, July 27th. The real estate investment trust reported $1.54 earnings per share for the quarter, beating 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 business had revenue of $565.99 million during the quarter, compared to analysts’ expectations of $559.93 million. During the same period last year, the business earned $1.42 earnings per share. The business’s revenue for the quarter was up 9.9% on a year-over-year basis. Analysts forecast that Digital Realty Trust, Inc. will post $1.58 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 15th will be given a dividend of $0.93 per share. This represents a $3.72 dividend on an annualized basis and a dividend yield of 3.33%. The ex-dividend date is Thursday, September 14th. Digital Realty Trust’s dividend payout ratio is presently 148.21%.
A number of analysts have recently weighed in on DLR shares. BidaskClub upgraded shares of Digital Realty Trust from a “hold” rating to a “buy” rating in a report on Saturday, June 24th. Royal Bank Of Canada restated a “buy” rating and issued a $127.00 target price on shares of Digital Realty Trust in a 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 target price on the stock in a report on Monday, July 17th. Stifel Nicolaus boosted their target price on shares of Digital Realty Trust from $110.00 to $117.00 and gave the stock a “hold” rating in a report on Monday, May 1st. Finally, Deutsche Bank AG boosted their target price 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 equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $116.67.
In other Digital Realty Trust news, 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 completion of the sale, the senior vice president now directly owns 13,377 shares in the company, valued at $1,605,240. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director William G. Laperch purchased 1,200 shares of the company’s stock in a transaction on Monday, August 7th. The shares were bought at an average price of $25.00 per share, with a total value of $30,000.00. Following the completion of the transaction, the director now owns 1,200 shares of the company’s stock, valued at $30,000. The disclosure for this purchase can be found here. 0.40% of the stock is owned by company insiders.
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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