Highstreet Asset Management Inc. boosted its position in Digital Realty Trust, Inc. (NYSE:DLR) by 414.5% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 14,127 shares of the real estate investment trust’s stock after buying an additional 11,381 shares during the quarter. Highstreet Asset Management Inc.’s holdings in Digital Realty Trust were worth $1,672,000 as of its most recent filing with the SEC.
A number of other institutional investors have also recently made changes to their positions in DLR. Principal Financial Group Inc. raised its position in Digital Realty Trust by 171.5% in the 2nd quarter. Principal Financial Group Inc. now owns 1,645,291 shares of the real estate investment trust’s stock valued at $185,835,000 after buying an additional 1,039,244 shares during the last quarter. Capital International Investors grew its stake in Digital Realty Trust by 253.1% in the second quarter. Capital International Investors now owns 1,352,500 shares of the real estate investment trust’s stock valued at $152,765,000 after purchasing an additional 969,500 shares in the last quarter. Uniplan Investment Counsel Inc. bought a new position in Digital Realty Trust in the second quarter valued at approximately $32,118,000. Janus Henderson Group PLC grew its stake in Digital Realty Trust by 4,790.7% in the second quarter. Janus Henderson Group PLC now owns 911,379 shares of the real estate investment trust’s stock valued at $102,941,000 after purchasing an additional 892,744 shares in the last quarter. Finally, BlackRock Inc. grew its stake in Digital Realty Trust by 2.8% in the second quarter. BlackRock Inc. now owns 15,575,651 shares of the real estate investment trust’s stock valued at $1,759,269,000 after purchasing an additional 428,327 shares in the last quarter.
A number of research analysts have weighed in on DLR shares. ValuEngine upgraded Digital Realty Trust from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Stifel Nicolaus restated a “hold” rating and issued a $117.00 price target on shares of Digital Realty Trust in a research note on Thursday, September 14th. Barclays PLC restated a “buy” rating and issued a $132.00 price target on shares of Digital Realty Trust in a research note on Friday, September 8th. Zacks Investment Research upgraded Digital Realty Trust from a “hold” rating to a “buy” rating and set a $133.00 price target for the company in a research note on Wednesday, October 11th. Finally, BidaskClub downgraded Digital Realty Trust from a “hold” rating to a “sell” rating in a research note on Saturday, July 8th. Eleven investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Digital Realty Trust has an average rating of “Hold” and an average price target of $124.20.
Digital Realty Trust, Inc. (DLR) opened at 116.55 on Friday. Digital Realty Trust, Inc. has a one year low of $85.63 and a one year high of $127.23. The firm has a market capitalization of $18.90 billion, a PE ratio of 47.34 and a beta of 0.01. The firm has a 50-day moving average price of $119.27 and a 200 day moving average price of $116.08.
Digital Realty Trust (NYSE:DLR) last announced its quarterly earnings data on Wednesday, October 25th. The real estate investment trust reported $1.51 earnings per share for the quarter, beating the consensus estimate of $0.40 by $1.11. Digital Realty Trust had a return on equity of 5.15% and a net margin of 11.71%. The business had revenue of $609.90 million during the quarter, compared to analyst estimates of $595.49 million. During the same period in the prior year, the company earned $1.44 earnings per share. Digital Realty Trust’s revenue was up 11.6% compared to the same quarter last year. Analysts anticipate that Digital Realty Trust, Inc. will post $1.48 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, September 29th. Stockholders of record on Friday, September 15th were issued a $0.93 dividend. This represents a $3.72 dividend on an annualized basis and a dividend yield of 3.19%. The ex-dividend date was Thursday, September 14th. Digital Realty Trust’s payout ratio is currently 300.00%.
In other news, insider Christopher Sharp sold 25,733 shares of the firm’s stock in a transaction on Wednesday, August 16th. The stock was sold at an average price of $116.44, for a total value of $2,996,350.52. Following the completion of the transaction, the insider now directly owns 25,733 shares of the company’s stock, valued at $2,996,350.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director William G. Laperch purchased 1,200 shares of the business’s stock in a transaction dated Monday, August 7th. The stock was bought at an average cost of $25.00 per share, with a total value of $30,000.00. Following the completion of the acquisition, the director now directly 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.
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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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