Morgan Dempsey Capital Management LLC Raises Position in Digital Realty Trust, Inc. (DLR)

Morgan Dempsey Capital Management LLC increased its position in Digital Realty Trust, Inc. (NYSE:DLR) by 5.6% during the second quarter, according to its most recent disclosure with the SEC. The firm owned 42,233 shares of the real estate investment trust’s stock after buying an additional 2,238 shares during the period. Digital Realty Trust makes up approximately 1.7% of Morgan Dempsey Capital Management LLC’s holdings, making the stock its 22nd largest position. Morgan Dempsey Capital Management LLC’s holdings in Digital Realty Trust were worth $4,775,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in the company. Global X Management Co. LLC boosted its position in Digital Realty Trust by 22.9% in the second quarter. Global X Management Co. LLC now owns 4,662 shares of the real estate investment trust’s stock worth $527,000 after buying an additional 869 shares in the last quarter. BP PLC boosted its position in Digital Realty Trust by 110.5% in the second quarter. BP PLC now owns 40,000 shares of the real estate investment trust’s stock worth $4,520,000 after buying an additional 21,000 shares in the last quarter. Pictet Asset Management Ltd. boosted its position in Digital Realty Trust by 72.5% in the second quarter. Pictet Asset Management Ltd. now owns 482,200 shares of the real estate investment trust’s stock worth $56,991,000 after buying an additional 202,700 shares in the last quarter. Retirement Systems of Alabama boosted its position in Digital Realty Trust by 0.6% in the second quarter. Retirement Systems of Alabama now owns 77,468 shares of the real estate investment trust’s stock worth $8,750,000 after buying an additional 482 shares in the last quarter. Finally, Stratos Wealth Partners LTD. boosted its position in Digital Realty Trust by 2.1% in the second quarter. Stratos Wealth Partners LTD. now owns 28,304 shares of the real estate investment trust’s stock worth $3,197,000 after buying an additional 587 shares in the last quarter.

Digital Realty Trust, Inc. (DLR) traded down 0.55% during midday trading on Friday, hitting $114.86. 802,498 shares of the stock were exchanged. The company’s 50 day moving average is $113.36 and its 200-day moving average is $111.46. 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 1-year low of $85.63 and a 1-year high of $121.53.

Digital Realty Trust (NYSE:DLR) last issued its earnings results on Thursday, July 27th. The real estate investment trust reported $1.54 EPS for the quarter, topping the 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 company had revenue of $565.99 million for the quarter, compared to the consensus estimate of $559.93 million. During the same period in the previous year, the firm 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, analysts expect that Digital Realty Trust, Inc. will post $1.57 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 15th will be paid a $0.93 dividend. This represents a $3.72 annualized dividend and a dividend yield of 3.24%. The ex-dividend date is Thursday, September 14th. Digital Realty Trust’s payout ratio is 148.21%.

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A number of equities analysts recently issued reports on the stock. Canaccord Genuity reiterated a “buy” rating and set a $127.00 price objective on shares of Digital Realty Trust in a research report on Friday. Zacks Investment Research cut shares of Digital Realty Trust from a “buy” rating to a “hold” rating in a research report on Wednesday, August 2nd. BidaskClub upgraded shares of Digital Realty Trust from a “sell” rating to a “hold” rating in a research report on Monday, July 31st. Stifel Nicolaus reiterated a “hold” rating and set a $117.00 price objective on shares of Digital Realty Trust in a research report on Friday, July 21st. Finally, Jefferies Group LLC reissued a “hold” rating and set a $120.00 target price on shares of Digital Realty Trust in a report on Friday, July 14th. Eight investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $118.50.

In other news, Director William G. Laperch bought 1,200 shares of the firm’s stock in a transaction that occurred on Monday, August 7th. The shares were bought at an average cost of $25.00 per share, with a total value of $30,000.00. Following the completion of the purchase, the director now directly owns 1,200 shares in the company, valued at $30,000. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Joshua A. Mills sold 9,211 shares of Digital Realty Trust stock in a transaction 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 completion of the transaction, the senior vice president now directly owns 13,377 shares in the company, valued at $1,605,240. The disclosure for this sale can be found here. 0.40% of the stock is owned by 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.

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

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