WESPAC Advisors LLC reduced its stake in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 8.1% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 15,580 shares of the real estate investment trust’s stock after selling 1,370 shares during the period. Digital Realty Trust accounts for 1.9% of WESPAC Advisors LLC’s portfolio, making the stock its 11th largest position. WESPAC Advisors LLC’s holdings in Digital Realty Trust were worth $1,658,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Norges Bank bought a new position in Digital Realty Trust during the fourth quarter valued at about $108,062,000. Daiwa Securities Group Inc. raised its position in Digital Realty Trust by 11.8% in the third quarter. Daiwa Securities Group Inc. now owns 5,291,746 shares of the real estate investment trust’s stock valued at $513,934,000 after buying an additional 558,286 shares in the last quarter.
Russell Investments Group Ltd. bought a new position in Digital Realty Trust during the fourth quarter valued at about $48,081,000. State Street Corp raised its position in Digital Realty Trust by 3.7% in the fourth quarter. State Street Corp now owns 9,277,303 shares of the real estate investment trust’s stock valued at $911,588,000 after buying an additional 334,469 shares in the last quarter. Finally, The Manufacturers Life Insurance Company acquired a new position in Digital Realty Trust during the third quarter valued at $27,726,000.
Shares of Digital Realty Trust, Inc. (DLR) opened at 113.32 on Friday. The company has a 50 day moving average price of $115.22 and a 200 day moving average price of $105.93. The company has a market capitalization of $18.11 billion, a PE ratio of 48.80 and a beta of 0.12. Digital Realty Trust, Inc. has a 52 week low of $85.63 and a 52 week high of $120.04.
Digital Realty Trust (NYSE:DLR) last announced its earnings results on Thursday, April 27th. The real estate investment trust reported $1.50 EPS for the quarter, beating the Zacks’ consensus estimate of $1.47 by $0.03. Digital Realty Trust had a net margin of 15.25% and a return on equity of 9.81%. The business had revenue of $550.60 million during the quarter, compared to analysts’ expectations of $552.59 million.
Shares of Digital Realty Trust, Inc. (DLR) opened at 113.32 on Friday. The company has a 50 day moving average price of $115.22 and a 200 day moving average price of $105.93. The company has a market capitalization of $18.11 billion, a PE ratio of 48.80 and a beta of 0.12. Digital Realty Trust, Inc. has a 52 week low of $85.63 and a 52 week high of $120.04.
Digital Realty Trust (NYSE:DLR) last announced its earnings results on Thursday, April 27th. The real estate investment trust reported $1.50 EPS for the quarter, beating the Zacks’ consensus estimate of $1.47 by $0.03. Digital Realty Trust had a net margin of 15.25% and a return on equity of 9.81%. The business had revenue of $550.60 million during the quarter, compared to analysts’ expectations of $552.59 million.
During the same period in the prior year, the company earned $1.42 earnings per share. The firm’s revenue was up 9.2% on a year-over-year basis. On average, equities research analysts expect that Digital Realty Trust, Inc. will post $1.59 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, June 30th. Shareholders of record on Thursday, June 15th will be issued a dividend of $0.93 per share. The ex-dividend date of this dividend is Tuesday, June 13th. This represents a $3.72 dividend on an annualized basis and a yield of 3.28%. Digital Realty Trust’s dividend payout ratio is currently 246.15%.
Several research analysts have weighed in on the company. Royal Bank of Canada reiterated a “buy” rating and set a $127.00 target price on shares of Digital Realty Trust in a report on Thursday. Wells Fargo & Co 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 report on Wednesday, May 17th. Stifel Nicolaus boosted their price target on Digital Realty Trust from $110.00 to $117.00 and gave the company a “hold” rating in a report on Monday, May 1st.
The firm also recently announced a quarterly dividend, which will be paid on Friday, June 30th. Shareholders of record on Thursday, June 15th will be issued a dividend of $0.93 per share. The ex-dividend date of this dividend is Tuesday, June 13th. This represents a $3.72 dividend on an annualized basis and a yield of 3.28%. Digital Realty Trust’s dividend payout ratio is currently 246.15%.
Several research analysts have weighed in on the company. Royal Bank of Canada reiterated a “buy” rating and set a $127.00 target price on shares of Digital Realty Trust in a report on Thursday. Wells Fargo & Co 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 report on Wednesday, May 17th. Stifel Nicolaus boosted their price target on Digital Realty Trust from $110.00 to $117.00 and gave the company a “hold” rating in a report on Monday, May 1st.
Deutsche Bank AG boosted their price target on Digital Realty Trust from $105.00 to $109.00 and gave the company a “hold” rating in a report on Friday, April 28th. Finally, Barclays PLC reaffirmed an “overweight” rating and issued a $123.00 target price (up previously from $120.00) on shares of Digital Realty Trust in a research report on Wednesday, April 19th. Seven research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Digital Realty Trust currently has an average rating of “Buy” and a consensus target price of $112.71.
In other Digital Realty Trust news, SVP Joshua A. Mills sold 4,217 shares of the company’s stock in a transaction that occurred on Wednesday, April 5th. The shares were sold at an average price of $107.00, for a total transaction of $451,219.00. Following the completion of the sale, the senior vice president now directly owns 8,383 shares of the company’s stock, valued at $896,981. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
In other Digital Realty Trust news, SVP Joshua A. Mills sold 4,217 shares of the company’s stock in a transaction that occurred on Wednesday, April 5th. The shares were sold at an average price of $107.00, for a total transaction of $451,219.00. Following the completion of the sale, the senior vice president now directly owns 8,383 shares of the company’s stock, valued at $896,981. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
Also, SVP Joshua A. Mills sold 9,211 shares of the company’s stock in a transaction that occurred on 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 sale, the senior vice president now directly owns 13,377 shares of the company’s stock, valued at $1,605,240. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 17,617 shares of company stock valued at $2,017,329. 0.29% of the stock is 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.
By: Kim Johansen (The Markets Daily).
Photo: Data Center Dynamics.
Review: Emerging Market Formulations & Research Unit, Flagship Records.
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.
By: Kim Johansen (The Markets Daily).
Photo: Data Center Dynamics.
Review: Emerging Market Formulations & Research Unit, Flagship Records.