Choreo LLC Buys 4,081 Shares of Digital Realty Trust, Inc. (NYSE:DLR)

Choreo LLC increased its stake in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 86.8% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 8,782 shares of the real estate investment trust’s stock after acquiring an additional 4,081 shares during the quarter. Choreo LLC’s holdings in Digital Realty Trust were worth $1,336,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. Wedbush Securities Inc. boosted its holdings in shares of Digital Realty Trust by 34.7% during the 2nd quarter. Wedbush Securities Inc. now owns 2,685 shares of the real estate investment trust’s stock valued at $408,000 after purchasing an additional 692 shares during the last quarter. Prudential PLC lifted its position in shares of Digital Realty Trust by 9.2% in the second quarter. Prudential PLC now owns 46,156 shares of the real estate investment trust’s stock worth $7,018,000 after buying an additional 3,907 shares in the last quarter. Ashton Thomas Private Wealth LLC bought a new position in Digital Realty Trust during the second quarter valued at approximately $212,000. Harrington Investments INC grew its holdings in Digital Realty Trust by 0.9% during the 2nd quarter. Harrington Investments INC now owns 13,422 shares of the real estate investment trust’s stock valued at $2,041,000 after buying an additional 121 shares in the last quarter. Finally, Ballentine Partners LLC increased its stake in Digital Realty Trust by 6.2% in the 2nd quarter. Ballentine Partners LLC now owns 7,730 shares of the real estate investment trust’s stock worth $1,175,000 after acquiring an additional 451 shares during the last quarter. 99.71% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms recently weighed in on DLR. Argus lowered shares of Digital Realty Trust from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Barclays lifted their price objective on shares of Digital Realty Trust from $123.00 to $130.00 and gave the stock an “underweight” rating in a research note on Wednesday, July 24th. The Goldman Sachs Group initiated coverage on shares of Digital Realty Trust in a research report on Monday, July 1st. They set a “buy” rating and a $175.00 target price on the stock. Stifel Nicolaus increased their price target on shares of Digital Realty Trust from $165.00 to $175.00 and gave the company a “buy” rating in a report on Friday, July 12th. Finally, BMO Capital Markets raised Digital Realty Trust from a “market perform” rating to an “outperform” rating and boosted their price objective for the stock from $144.00 to $170.00 in a research note on Wednesday, June 26th. Three analysts have rated the stock with a sell rating, seven have issued a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $154.00.

Digital Realty Trust Trading Up 1.1 %

NYSE DLR opened at $158.42 on Thursday. Digital Realty Trust, Inc. has a 12 month low of $113.94 and a 12 month high of $162.58. The company’s 50-day moving average price is $151.51 and its 200-day moving average price is $146.67. The stock has a market cap of $49.49 billion, a PE ratio of 44.01, a PEG ratio of 4.73 and a beta of 0.60. The company has a current ratio of 1.78, a quick ratio of 1.78 and a debt-to-equity ratio of 0.81.

Digital Realty Trust (NYSE:DLR) last issued its earnings results on Thursday, July 25th. The real estate investment trust reported $0.20 EPS for the quarter, missing analysts’ consensus estimates of $1.63 by ($1.43). The company had revenue of $1.36 billion for the quarter, compared to analysts’ expectations of $1.38 billion. Digital Realty Trust had a return on equity of 5.93% and a net margin of 20.58%. The business’s revenue was down .7% compared to the same quarter last year. During the same period last year, the business posted $1.68 earnings per share. Equities research analysts forecast that Digital Realty Trust, Inc. will post 6.65 earnings per share for the current year.

Digital Realty Trust Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 13th will be issued a $1.22 dividend. This represents a $4.88 annualized dividend and a dividend yield of 3.08%. The ex-dividend date of this dividend is Friday, September 13th. Digital Realty Trust’s dividend payout ratio is 135.56%.

Insider Transactions at Digital Realty Trust

In related news, Director Jean F. H. P. Mandeville sold 600 shares of Digital Realty Trust stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $150.26, for a total value of $90,156.00. Following the completion of the sale, the director now directly owns 9,055 shares in the company, valued at $1,360,604.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.17% of the company’s stock.

About Digital Realty Trust

Digital Realty brings companies and data together by delivering the full spectrum of data center, colocation, and interconnection solutions. PlatformDIGITAL, the company's global data center platform, provides customers with a secure data meeting place and a proven Pervasive Datacenter Architecture (PDx) solution methodology for powering innovation and efficiently managing Data Gravity challenges.