New Mexico Educational Retirement Board reduced its position in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 3.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 36,925 shares of the real estate investment trust’s stock after selling 1,200 shares during the period. New Mexico Educational Retirement Board’s holdings in Digital Realty Trust were worth $4,259,000 at the end of the most recent quarter.
Other large investors have also made changes to their positions in the company. BlackRock Inc. raised its stake in shares of Digital Realty Trust by 2,651.9% in the first quarter. BlackRock Inc. now owns 15,147,324 shares of the real estate investment trust’s stock worth $1,611,523,000 after buying an additional 14,596,894 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of Digital Realty Trust by 34.8% in the first quarter. JPMorgan Chase & Co. now owns 3,325,268 shares of the real estate investment trust’s stock worth $353,775,000 after buying an additional 857,798 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Digital Realty Trust by 2.0% in the first quarter. Vanguard Group Inc. now owns 27,643,911 shares of the real estate investment trust’s stock worth $2,941,034,000 after buying an additional 529,792 shares in the last quarter. Resolution Capital Ltd acquired a new stake in shares of Digital Realty Trust during the first quarter worth $55,624,000. Finally, Wellington Management Group LLP raised its stake in shares of Digital Realty Trust by 6,396.6% in the first quarter. Wellington Management Group LLP now owns 363,872 shares of the real estate investment trust’s stock worth $38,713,000 after buying an additional 358,271 shares in the last quarter.
Shares of Digital Realty Trust, Inc. (NYSE:DLR) traded down 0.55% on Friday, hitting $114.86. The company had a trading volume of 802,498 shares. The stock has a market cap of $18.63 billion, a PE ratio of 46.65 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. The company has a 50-day moving average of $113.36 and a 200 day moving average of $111.46.
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 for the quarter, topping the Zacks’ consensus estimate of $1.49 by $0.05. The firm had revenue of $565.99 million during the quarter, compared to analysts’ expectations of $559.93 million. Digital Realty Trust had a net margin of 21.27% and a return on equity of 12.39%. The firm’s revenue for the quarter was up 9.9% compared to the same quarter last year. During the same period last year, the firm posted $1.42 earnings per share. Analysts anticipate that Digital Realty Trust, Inc. will post $1.57 EPS for the current fiscal year.
The firm also recently announced 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. This represents a $3.72 dividend on an annualized basis and a yield of 3.24%. The ex-dividend date of this dividend is Thursday, September 14th. Digital Realty Trust’s payout ratio is 148.21%.
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DLR has been the topic of a number of analyst reports. Royal Bank Of Canada reaffirmed a “buy” rating on shares of Digital Realty Trust in a report on Monday, May 1st. BidaskClub raised Digital Realty Trust from a “hold” rating to a “buy” rating in a report on Saturday, June 24th. Deutsche Bank AG boosted their price target on Digital Realty Trust from $105.00 to $109.00 and gave the stock a “hold” rating in a research note on Friday, April 28th. Wells Fargo & Company lowered Digital Realty Trust from an “outperform” rating to a “market perform” rating and set a $118.00 price target on the stock. in a research note on Wednesday, May 17th. Finally, Stifel Nicolaus boosted their price target on Digital Realty Trust from $110.00 to $117.00 and gave the stock a “hold” rating in a research note on Monday, May 1st. Eight investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $118.50.
In related news, insider Christopher Sharp sold 25,733 shares of the firm’s stock in a transaction that occurred on Wednesday, August 16th. The shares were sold at an average price of $116.44, for a total transaction of $2,996,350.52. Following the completion of the sale, the insider now directly owns 25,733 shares in the company, valued at $2,996,350.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Joshua A. Mills sold 9,211 shares of the firm’s stock in a transaction that occurred on Tuesday, June 6th. The stock was 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 $1,605,240. The disclosure for this sale can be found here. Company insiders own 0.40% of the company’s stock.
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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