Kelly Lawrence W & Associates Inc. CA Maintains Position in Digital Realty Trust, Inc. (NYSE:DLR)

Kelly Lawrence W & Associates Inc. CA maintained its stake in Digital Realty Trust, Inc. (NYSE:DLR) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,350 shares of the real estate investment trust’s stock at the end of the second quarter. Kelly Lawrence W & Associates Inc. CA’s holdings in Digital Realty Trust were worth $152,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in DLR. Renaissance Technologies LLC raised its stake in shares of Digital Realty Trust by 45.6% in the first quarter. Renaissance Technologies LLC now owns 397,100 shares of the real estate investment trust’s stock valued at $42,247,000 after buying an additional 124,300 shares during the last quarter. Tudor Investment Corp ET AL purchased a new position in Digital Realty Trust during the first quarter worth $1,610,000. Northwestern Mutual Investment Management Company LLC increased its position in Digital Realty Trust by 76.4% in the first quarter. Northwestern Mutual Investment Management Company LLC now owns 32,195 shares of the real estate investment trust’s stock worth $3,425,000 after buying an additional 13,944 shares during the period. Dean Investment Associates LLC increased its position in Digital Realty Trust by 6.4% in the first quarter. Dean Investment Associates LLC now owns 10,620 shares of the real estate investment trust’s stock worth $1,130,000 after buying an additional 642 shares during the period. Finally, Azimuth Capital Management LLC increased its position in Digital Realty Trust by 0.6% in the first quarter. Azimuth Capital Management LLC now owns 29,475 shares of the real estate investment trust’s stock worth $3,136,000 after buying an additional 170 shares during the period.

Shares of Digital Realty Trust, Inc. (NYSE DLR) traded down 0.55% during midday trading on Friday, hitting $114.86. The company had a trading volume of 802,498 shares. Digital Realty Trust, Inc. has a 1-year low of $85.63 and a 1-year high of $121.53. The stock has a 50 day moving average price of $113.36 and a 200 day moving average price of $111.46. The firm has a market capitalization of $18.63 billion, a P/E ratio of 46.65 and a beta of -0.03.

Digital Realty Trust (NYSE:DLR) last released its quarterly earnings data 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 company had revenue of $565.99 million during the quarter, compared to analysts’ expectations of $559.93 million. During the same quarter in the previous year, the company earned $1.42 earnings per share. The firm’s revenue for the quarter was up 9.9% on a year-over-year basis. On average, equities analysts anticipate that Digital Realty Trust, Inc. will post $1.57 EPS for the current fiscal year.

The company also recently disclosed 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 is Thursday, September 14th. This represents a $3.72 dividend on an annualized basis and a yield of 3.24%. Digital Realty Trust’s payout ratio is 148.21%.

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A number of research firms recently weighed in on DLR. Canaccord Genuity reaffirmed a “buy” rating and set a $127.00 price target on shares of Digital Realty Trust in a research note on Friday. Zacks Investment Research downgraded Digital Realty Trust from a “buy” rating to a “hold” rating in a research note on Wednesday, August 2nd. BidaskClub raised Digital Realty Trust from a “sell” rating to a “hold” rating in a research note on Monday, July 31st. Stifel Nicolaus reissued a “hold” rating and issued a $117.00 price objective on shares of Digital Realty Trust in a research note on Friday, July 21st. Finally, Jefferies Group LLC reissued a “hold” rating and issued a $120.00 price objective on shares of Digital Realty Trust in a research note on Friday, July 14th. Eight 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 $118.50.

In other news, insider Christopher Sharp sold 25,733 shares of Digital Realty Trust stock in a transaction dated Wednesday, August 16th. The shares were sold at an average price of $116.44, for a total value of $2,996,350.52. Following the sale, the insider now owns 25,733 shares in the company, valued at $2,996,350.52. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, 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 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 currently owned by insiders.

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.

Institutional Ownership by Quarter for Digital Realty Trust (NYSE:DLR)

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