InTrack Investment Management Inc decreased its position in Digital Realty Trust, Inc. (NYSE: DLR – Get Rating) by 3.7% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 12,637 shares of the real estate investment trust’s stock after selling 491 shares during the quarter. Digital Realty Trust accounts for approximately 1.5% of InTrack Investment Management Inc’s holdings, making the stock its 14th largest position. InTrack Investment Management Inc’s holdings in Digital Realty Trust were worth $ 1,792,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently modified their holdings of DLR. Norges Bank acquired a new position in Digital Realty Trust during the 4th quarter valued at approximately $ 376,609,000. Deutsche Bank AG boosted its position in Digital Realty Trust by 251.0% during the 4th quarter. Deutsche Bank AG now owns 2,260,528 shares of the real estate investment trust’s stock valued at $ 399,820,000 after purchasing an additional 1,616,524 shares during the period. BlackRock Inc. boosted its position in Digital Realty Trust by 5.3% during the 4th quarter. BlackRock Inc. now owns 27,078,699 shares of the real estate investment trust’s stock valued at $ 4,789,409,000 after purchasing an additional 1,360,474 shares during the period. State Street Corp boosted its position in Digital Realty Trust by 7.6% during the 4th quarter. State Street Corp now owns 17,720,869 shares of the real estate investment trust’s stock valued at $ 3,154,473,000 after purchasing an additional 1,248,863 shares during the period. Finally, Russell Investments Group Ltd. boosted its position in Digital Realty Trust by 95.9% during the 4th quarter. Russell Investments Group Ltd. now owns 1,124,523 shares of the real estate investment trust’s stock valued at $ 198,762,000 after purchasing an additional 550,528 shares during the period. Institutional investors own 98.53% of the company stock.
DLR has been the subject of a number of analyst reports. Wells Fargo & Company boosted their price objective on Digital Realty Trust from $ 155.00 to $ 165.00 and gave the company an “overweight” rating in a research report on Monday, April 25th. StockNews.com downgraded Digital Realty Trust from a “hold” rating to a “sell” rating in a research note on Monday, May 2nd. TheStreet raised Digital Realty Trust from a “c +” rating to a “b-” rating in a research note on Tuesday, April 5th. TD Securities lifted their target price on Digital Realty Trust from $ 170.00 to $ 175.00 and gave the company a “buy” rating in a research note on Friday, April 29th. Finally, Deutsche Bank Aktiengesellschaft raised Digital Realty Trust from a “hold” rating to a “buy” rating and cut their target price for the company from $ 150.00 to $ 144.00 in a research note on Wednesday, June 15th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $ 166.38.
DLR opened at $ 136.64 on Friday. Digital Realty Trust, Inc. has a one year low of $ 124.11 and a one year high of $ 178.22. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.59 and a current ratio of 0.59. The stock’s fifty day moving average is $ 136.80 and its 200-day moving average is $ 145.47. The company has a market capitalization of $ 38.90 billion, a PE ratio of 28.35, a P / E / G ratio of 2.84 and a beta of 0.29.
Digital Realty Trust (NYSE: DLR – Get Rating) last posted its quarterly earnings data on Thursday, April 28th. The real estate investment trust reported $ 0.22 EPS for the quarter, missing analysts’ consensus estimates of $ 1.62 by ($ 1.40). The firm had revenue of $ 1.13 billion during the quarter, compared to the consensus estimate of $ 1.13 billion. Digital Realty Trust had a return on equity of 8.13% and a net margin of 31.28%. The firm’s quarterly revenue was up 3.4% on a year-over-year basis. During the same period in the prior year, the firm posted $ 1.67 EPS. On average, equities research analysts forecast that Digital Realty Trust, Inc. will post 6.85 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, June 30th. Stockholders of record on Wednesday, June 15th will be given a dividend of $ 1.22 per share. This represents a $ 4.88 dividend on an annualized basis and a dividend yield of 3.57%. The ex-dividend date of this dividend is Tuesday, June 14th. Digital Realty Trust’s dividend payout ratio (DPR) is presently 101.25%.
In other news, EVP David C. Ruberg sold 50,000 shares of the business’s stock in a transaction on Thursday, May 26th. The stock was sold at an average price of $ 137.55, for a total transaction of $ 6,877,500.00. Following the sale, the executive vice president now directly owns 200,000 shares of the company stock, valued at $ 27,510,000. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.41% of the stock is owned by insiders.
Digital Realty Trust Company Profile: (Get Rating)
Digital Realty supports the world’s leading enterprises and service providers by delivering the full spectrum of data center, colocation and interconnection solutions. PlatformDIGITALR, the company global data center platform, provides customers a trusted foundation and proven Pervasive Datacenter Architecture PDxTM solution methodology for scaling digital business and efficiently managing data gravity challenges.
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