Parallel Advisors LLC Buys 150 Shares of Digital Realty Trust, Inc. (NYSE:DLR)

Parallel Advisors LLC increased its stake in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 3.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,394 shares of the real estate investment trust’s stock after acquiring an additional 150 shares during the quarter. Parallel Advisors LLC’s holdings in Digital Realty Trust were worth $668,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the stock. Condor Capital Management bought a new stake in Digital Realty Trust during the 2nd quarter valued at $1,627,000. Fiduciary Group LLC acquired a new position in shares of Digital Realty Trust during the second quarter valued at about $209,000. Federated Hermes Inc. increased its position in shares of Digital Realty Trust by 49.9% during the second quarter. Federated Hermes Inc. now owns 6,931 shares of the real estate investment trust’s stock worth $1,054,000 after acquiring an additional 2,307 shares in the last quarter. Meeder Advisory Services Inc. raised its holdings in shares of Digital Realty Trust by 40.5% in the 2nd quarter. Meeder Advisory Services Inc. now owns 6,438 shares of the real estate investment trust’s stock worth $979,000 after acquiring an additional 1,855 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale lifted its position in Digital Realty Trust by 10.0% in the 2nd quarter. DekaBank Deutsche Girozentrale now owns 317,375 shares of the real estate investment trust’s stock valued at $48,133,000 after acquiring an additional 28,980 shares in the last quarter. 99.71% of the stock is currently owned by institutional investors and hedge funds.

Digital Realty Trust Stock Performance

NYSE:DLR opened at $160.85 on Tuesday. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.78 and a quick ratio of 1.78. The company has a market cap of $50.25 billion, a price-to-earnings ratio of 44.68, a PEG ratio of 5.06 and a beta of 0.60. Digital Realty Trust, Inc. has a 1 year low of $113.94 and a 1 year high of $162.58. The stock’s 50 day simple moving average is $151.98 and its two-hundred day simple moving average is $147.10.

Digital Realty Trust (NYSE:DLR) last announced its quarterly 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). Digital Realty Trust had a net margin of 20.58% and a return on equity of 5.93%. The business had revenue of $1.36 billion during the quarter, compared to the consensus estimate of $1.38 billion. During the same period in the previous year, the business posted $1.68 EPS. The firm’s revenue was down .7% on a year-over-year basis. As a group, equities analysts anticipate that Digital Realty Trust, Inc. will post 6.65 earnings per share for the current fiscal year.

Digital Realty Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 13th will be paid a $1.22 dividend. The ex-dividend date of this dividend is Friday, September 13th. This represents a $4.88 annualized dividend and a yield of 3.03%. Digital Realty Trust’s dividend payout ratio (DPR) is currently 135.56%.

Analysts Set New Price Targets

Several brokerages have weighed in on DLR. The Goldman Sachs Group started coverage on Digital Realty Trust in a research note on Monday, July 1st. They set a “buy” rating and a $175.00 price objective on the stock. Mizuho started coverage on shares of Digital Realty Trust in a research report on Thursday, July 11th. They issued an “outperform” rating and a $170.00 price objective for the company. Wells Fargo & Company boosted their target price on Digital Realty Trust from $155.00 to $170.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 23rd. Deutsche Bank Aktiengesellschaft increased their price target on Digital Realty Trust from $143.00 to $145.00 and gave the company a “hold” rating in a research report on Thursday, May 30th. Finally, Barclays boosted their price objective on Digital Realty Trust from $123.00 to $130.00 and gave the stock an “underweight” rating in a research report on Wednesday, July 24th. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $154.00.

Insiders Place Their Bets

In other Digital Realty Trust news, Director Jean F. H. P. Mandeville sold 600 shares of the firm’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $150.26, for a total transaction of $90,156.00. Following the transaction, the director now owns 9,055 shares of the company’s stock, valued at approximately $1,360,604.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.17% of the stock is currently owned by company insiders.

Digital Realty Trust Profile

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.