Pacific Heights Asset Management LLC maintained its position in shares of Digital Realty Trust Inc. (NYSE:DLR) during the second quarter, Holdings Channel reports. The fund owned 450,000 shares of the real estate investment trust’s stock at the end of the second quarter. Digital Realty Trust comprises about 4.5% of Pacific Heights Asset Management LLC’s investment portfolio, making the stock its 3rd largest position. Pacific Heights Asset Management LLC’s holdings in Digital Realty Trust were worth $49,046,000 as of its most recent filing with the SEC.
Other institutional investors also recently made changes to their positions in the company. M&T Bank Corp boosted its position in shares of Digital Realty Trust by 3.8% in the first quarter. M&T Bank Corp now owns 282,296 shares of the real estate investment trust’s stock worth $24,980,000 after buying an additional 10,378 shares during the period. Landscape Capital Management L.L.C. boosted its position in Digital Realty Trust by 2,290.0% in the first quarter. Landscape Capital Management L.L.C. now owns 95,598 shares of the real estate investment trust’s stock worth $8,459,000 after buying an additional 91,598 shares during the last quarter. NN Investment Partners Holdings N.V. acquired a new position in Digital Realty Trust during the first quarter worth about $35,053,000. JPMorgan Chase & Co. boosted its position in Digital Realty Trust by 0.5% in the first quarter. JPMorgan Chase & Co. now owns 984,727 shares of the real estate investment trust’s stock worth $87,140,000 after buying an additional 4,646 shares during the last quarter. Finally, BlackRock Japan Co. Ltd boosted its position in Digital Realty Trust by 7.5% in the first quarter. BlackRock Japan Co. Ltd now owns 193,313 shares of the real estate investment trust’s stock worth $17,106,000 after buying an additional 13,555 shares during the last quarter.
Digital Realty Trust Inc. (NYSE:DLR) traded down 2.59% during mid-day trading on Monday, reaching $94.60. The company’s stock had a trading volume of 1,590,642 shares. The firm has a market cap of $13.89 billion, a PE ratio of 210.22 and a beta of 0.28. Digital Realty Trust Inc. has a one year low of $64.98 and a one year high of $113.21. The stock’s 50 day moving average is $98.33 and its 200 day moving average is $97.40.
Digital Realty Trust (NYSE:DLR) last released its quarterly earnings results on Thursday, July 28th. The real estate investment trust reported $1.42 EPS for the quarter, topping the consensus estimate of $1.38 by $0.04. Digital Realty Trust had a return on equity of 5.02% and a net margin of 7.82%. The business earned $514.90 million during the quarter, compared to analyst estimates of $507.72 million. During the same period last year, the business posted $1.30 earnings per share. The company’s quarterly revenue was up 22.5% on a year-over-year basis. On average, analysts anticipate that Digital Realty Trust Inc. will post $5.71 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, September 30th. Stockholders of record on Thursday, September 15th were given a dividend of $0.88 per share. The ex-dividend date was Tuesday, September 13th. This represents a $3.52 annualized dividend and a dividend yield of 3.72%. Digital Realty Trust’s dividend payout ratio is currently 765.22%.
A number of research firms recently issued reports on DLR. Jefferies Group restated a “hold” rating on shares of Digital Realty Trust in a report on Tuesday, August 23rd. Royal Bank Of Canada boosted their price objective on Digital Realty Trust from $105.00 to $120.00 and gave the company an “outperform” rating in a report on Thursday, August 4th. Citigroup Inc. dropped their price objective on Digital Realty Trust from $108.00 to $91.00 and set a “neutral” rating for the company in a report on Thursday, July 7th. SunTrust Banks Inc. began coverage on Digital Realty Trust in a report on Thursday, July 21st. They set a “buy” rating and a $125.00 price objective for the company. Finally, KeyCorp restated a “buy” rating and set a $121.00 price objective on shares of Digital Realty Trust in a report on Friday, July 29th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and nine have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $98.61.
In other news, SVP Joshua A. Mills sold 4,519 shares of the stock in a transaction on Friday, September 16th. The stock was sold at an average price of $92.22, for a total value of $416,742.18. Following the sale, the senior vice president now directly owns 8,685 shares in the company, valued at $800,930.70. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Edward F. Sham sold 14,701 shares of the stock in a transaction on Thursday, September 15th. The shares were sold at an average price of $92.50, for a total value of $1,359,842.50. Following the completion of the sale, the insider now owns 19,039 shares in the company, valued at $1,761,107.50. The disclosure for this sale can be found here. Insiders own 0.29% of the company’s stock.
About Digital Realty Trust
Digital Realty Trust, Inc is a real estate investment trust (REIT). The Company owns, acquires, develops and manages technology-related real estate. 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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