Pensionfund Sabic held its stake in shares of Digital Realty Trust, Inc. (NYSE:DLR) during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 11,950 shares of the real estate investment trust’s stock at the end of the first quarter. Pensionfund Sabic’s holdings in Digital Realty Trust were worth $1,271,000 at the end of the most recent quarter.
Other hedge funds also recently modified their holdings of the company. Muzinich & Co. Inc. increased its stake in Digital Realty Trust by 16.4% in the third quarter. Muzinich & Co. Inc. now owns 1,031 shares of the real estate investment trust’s stock valued at $100,000 after buying an additional 145 shares during the period. Patriot Financial Group Insurance Agency LLC acquired a new stake in Digital Realty Trust during the fourth quarter valued at approximately $202,000. Westover Capital Advisors LLC acquired a new stake in Digital Realty Trust during the third quarter valued at approximately $223,000. QUANTRES ASSET MANAGEMENT Ltd acquired a new stake in Digital Realty Trust during the third quarter valued at approximately $243,000. Finally, Wetherby Asset Management Inc. increased its stake in Digital Realty Trust by 9.6% in the fourth quarter. Wetherby Asset Management Inc. now owns 2,579 shares of the real estate investment trust’s stock valued at $253,000 after buying an additional 225 shares during the period.
Digital Realty Trust, Inc. (NYSE:DLR) traded up 0.43% during trading on Thursday, hitting $113.51. 481,485 shares of the stock were exchanged. The company has a market cap of $18.08 billion, a price-to-earnings ratio of 51.60 and a beta of 0.12. Digital Realty Trust, Inc. has a one year low of $85.50 and a one year high of $113.58. The stock’s 50 day moving average is $106.34 and its 200-day moving average is $99.92.
Digital Realty Trust (NYSE:DLR) last issued its quarterly earnings results on Thursday, February 16th. The real estate investment trust reported $0.49 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.43 by $0.94. The company earned $577 million during the quarter, compared to analysts’ expectations of $551.48 million. Digital Realty Trust had a return on equity of 9.81% and a net margin of 15.25%. The company’s revenue for the quarter was up 15.3% compared to the same quarter last year. During the same period in the prior year, the business posted $0.79 EPS. On average, equities research analysts expect that Digital Realty Trust, Inc. will post $1.60 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, March 31st. Shareholders of record on Wednesday, March 15th were paid a dividend of $0.93 per share. This represents a $3.72 annualized dividend and a yield of 3.29%. The ex-dividend date was Monday, March 13th. This is a boost from Digital Realty Trust’s previous quarterly dividend of $0.88. Digital Realty Trust’s payout ratio is 246.15%.
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Several research firms recently commented on DLR. Barclays PLC reiterated an “overweight” rating and issued a $123.00 price target (up previously from $120.00) on shares of Digital Realty Trust in a research report on Wednesday. Macquarie reiterated a “neutral” rating and issued a $105.00 price target on shares of Digital Realty Trust in a research report on Thursday, April 6th. Jefferies Group LLC reduced their price target on shares of Digital Realty Trust from $106.00 to $105.00 and set a “hold” rating for the company in a research report on Friday, February 17th. Canaccord Genuity reiterated a “buy” rating and issued a $105.00 price target (up previously from $102.00) on shares of Digital Realty Trust in a research report on Friday, December 23rd. Finally, Stifel Nicolaus upped their price target on shares of Digital Realty Trust from $100.00 to $110.00 and gave the company a “hold” rating in a research report on Friday, February 17th. Six equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $111.00.
In other news, SVP Joshua A. Mills sold 4,217 shares of Digital Realty Trust stock in a transaction dated Wednesday, April 5th. The stock was 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 in the company, valued at approximately $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 4,189 shares of Digital Realty Trust stock in a transaction dated Thursday, April 13th. The shares were sold at an average price of $110.00, for a total value of $460,790.00. Following the sale, the senior vice president now owns 4,286 shares of the company’s stock, valued at $471,460. The disclosure for this sale can be found here. Insiders own 0.29% of the company’s stock.
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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