Cypress Asset Management Inc. TX boosted its position in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 307.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 36,260 shares of the real estate investment trust’s stock after buying an additional 27,350 shares during the period. Cypress Asset Management Inc. TX’s holdings in Digital Realty Trust were worth $4,096,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. BlackRock Inc. raised its position in 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 valued at $1,611,523,000 after buying an additional 14,596,894 shares in the last quarter. JPMorgan Chase & Co. increased 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 during the last quarter. Vanguard Group Inc. increased 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 during the last quarter. Resolution Capital Ltd acquired a new stake in shares of Digital Realty Trust during the first quarter worth about $55,624,000. Finally, Wellington Management Group LLP increased 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 during the last quarter.
Shares of Digital Realty Trust, Inc. (NYSE DLR) traded down 0.91% on Friday, reaching $111.82. The company had a trading volume of 1,282,903 shares. 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 capitalization of $18.14 billion, a price-to-earnings ratio of 45.42 and a beta of -0.03. The stock has a 50 day moving average price of $113.61 and a 200-day moving average price of $111.16.
Digital Realty Trust (NYSE:DLR) last released its quarterly earnings data on Thursday, July 27th. The real estate investment trust reported $1.54 EPS for the quarter, beating the Zacks’ consensus estimate 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 quarter in the prior year, the company earned $1.42 EPS. The firm’s quarterly revenue was up 9.9% on a year-over-year basis. Analysts forecast that Digital Realty Trust, Inc. will post $1.58 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 15th will be given a $0.93 dividend. This represents a $3.72 dividend on an annualized basis and a dividend yield of 3.33%. The ex-dividend date of this dividend is Thursday, September 14th. Digital Realty Trust’s dividend payout ratio is currently 148.21%.
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Several equities analysts have weighed in on the company. Royal Bank Of Canada reaffirmed a “buy” rating on shares of Digital Realty Trust in a research report on Monday, May 1st. Macquarie reaffirmed a “neutral” rating and issued a $105.00 target price on shares of Digital Realty Trust in a research report on Tuesday, July 4th. BidaskClub upgraded Digital Realty Trust from a “hold” rating to a “buy” rating in a research note on Saturday, June 24th. Zacks Investment Research upgraded Digital Realty Trust from a “hold” rating to a “buy” rating and set a $126.00 price objective for the company in a research note on Monday, July 17th. Finally, Deutsche Bank AG lifted their price objective on Digital Realty Trust from $105.00 to $109.00 and gave the company a “hold” rating in a research note on Friday, April 28th. Eight analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Digital Realty Trust presently has an average rating of “Buy” and a consensus price target of $116.67.
In other Digital Realty Trust news, SVP Joshua A. Mills sold 9,211 shares of the stock in a transaction dated 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 completion of the transaction, the senior vice president now owns 13,377 shares in the company, valued at approximately $1,605,240. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director William G. Laperch acquired 1,200 shares of Digital Realty Trust stock in a transaction dated Monday, August 7th. The shares were acquired at an average price of $25.00 per share, with a total value of $30,000.00. Following the completion of the purchase, the director now owns 1,200 shares in the company, valued at $30,000. The disclosure for this purchase can be found here. 0.40% of the stock is currently 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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