Digital Realty Trust, Inc. (DLR) Stake Cut by Alps Advisors Inc.

Alps Advisors Inc. decreased its stake in Digital Realty Trust, Inc. (NYSE:DLR) by 0.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,476 shares of the real estate investment trust’s stock after selling 100 shares during the period. Alps Advisors Inc.’s holdings in Digital Realty Trust were worth $1,522,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Moloney Securities Asset Management LLC boosted 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 valued at $1,036,000 after buying an additional 1,484 shares during the last quarter. IFP Advisors Inc boosted 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 valued at $619,000 after buying an additional 880 shares during the last quarter. Janney Montgomery Scott LLC boosted 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 valued at $3,842,000 after buying an additional 5,193 shares during the last quarter. Korea Investment CORP boosted 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 valued at $47,803,000 after buying an additional 33,123 shares during the last quarter. Finally, Sigma Planning Corp boosted 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 valued at $783,000 after buying an additional 513 shares during the last quarter.

Digital Realty Trust, Inc. (DLR) opened at 115.49 on Friday. Digital Realty Trust, Inc. has a 12-month low of $85.63 and a 12-month high of $121.53. The company has a market cap of $18.73 billion, a PE ratio of 46.91 and a beta of -0.03. The company has a 50-day moving average price of $113.30 and a 200 day moving average price of $111.40.

Digital Realty Trust (NYSE:DLR) last issued its earnings results on Thursday, July 27th. The real estate investment trust reported $1.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 business had revenue of $565.99 million during the quarter, compared to analysts’ expectations of $559.93 million. During the same quarter in the prior year, the firm earned $1.42 EPS. The business’s revenue for the quarter was up 9.9% compared to the same quarter last year. On average, analysts forecast that Digital Realty Trust, Inc. will post $1.57 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 15th will be issued a $0.93 dividend. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $3.72 dividend on an annualized basis and a yield of 3.22%. Digital Realty Trust’s payout ratio is presently 148.21%.

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Several analysts have recently commented on the company. BidaskClub upgraded 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 set a $127.00 target price on shares of Digital Realty Trust in a report on Thursday, June 8th. Zacks Investment Research cut Digital Realty Trust from a “buy” rating to a “hold” rating in a report on Wednesday, August 2nd. Wells Fargo & Company cut Digital Realty Trust from an “outperform” rating to a “market perform” rating and set a $118.00 target price on the stock. in a report on Wednesday, May 17th. Finally, Stifel Nicolaus increased their target price on Digital Realty Trust from $110.00 to $117.00 and gave the stock a “hold” rating in a report on Monday, May 1st. Eight analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $116.67.

In related news, Director William G. Laperch purchased 1,200 shares of Digital Realty Trust stock in a transaction on Monday, August 7th. The shares were purchased at an average price of $25.00 per share, for a total transaction of $30,000.00. Following the transaction, the director now owns 1,200 shares of the company’s stock, valued at approximately $30,000. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP Joshua A. Mills sold 9,211 shares of the company’s stock in a transaction dated 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 sale, the senior vice president now owns 13,377 shares in the company, valued at approximately $1,605,240. The disclosure for this sale can be found here. 0.40% of the stock is owned by corporate 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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Institutional Ownership by Quarter for Digital Realty Trust (NYSE:DLR)

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