American Investment Services Inc. Trims Position in Digital Realty Trust, Inc. (NYSE:DLR)

American Investment Services Inc. reduced its position in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 8.0% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 3,078 shares of the real estate investment trust’s stock after selling 269 shares during the quarter. American Investment Services Inc.’s holdings in Digital Realty Trust were worth $468,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in DLR. Brown Advisory Inc. increased its holdings in Digital Realty Trust by 2.8% during the fourth quarter. Brown Advisory Inc. now owns 5,123 shares of the real estate investment trust’s stock valued at $689,000 after buying an additional 140 shares during the last quarter. Corient Private Wealth LLC raised its holdings in Digital Realty Trust by 4.7% in the 4th quarter. Corient Private Wealth LLC now owns 69,373 shares of the real estate investment trust’s stock worth $9,336,000 after purchasing an additional 3,097 shares during the period. Assetmark Inc. lifted its position in Digital Realty Trust by 1,029.9% during the fourth quarter. Assetmark Inc. now owns 3,062 shares of the real estate investment trust’s stock valued at $412,000 after purchasing an additional 2,791 shares in the last quarter. Commerce Bank grew its holdings in Digital Realty Trust by 66.2% during the fourth quarter. Commerce Bank now owns 7,868 shares of the real estate investment trust’s stock valued at $1,059,000 after purchasing an additional 3,135 shares during the period. Finally, Skopos Labs Inc. purchased a new stake in Digital Realty Trust in the fourth quarter worth about $236,000. Hedge funds and other institutional investors own 99.71% of the company’s stock.

Insider Buying and Selling 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 shares were sold at an average price of $150.26, for a total transaction of $90,156.00. Following the completion of the transaction, the director now directly owns 9,055 shares of the company’s stock, valued at approximately $1,360,604.30. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 0.17% of the company’s stock.

Digital Realty Trust Price Performance

Digital Realty Trust stock opened at $158.70 on Monday. Digital Realty Trust, Inc. has a 52-week low of $113.94 and a 52-week high of $162.58. The company has a quick ratio of 1.78, a current ratio of 1.78 and a debt-to-equity ratio of 0.81. The firm’s fifty day moving average is $152.15 and its 200 day moving average is $147.30. The company has a market cap of $49.58 billion, a price-to-earnings ratio of 44.08, a PEG ratio of 5.06 and a beta of 0.60.

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. Sell-side analysts forecast that Digital Realty Trust, Inc. will post 6.65 EPS 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. Shareholders of record on Friday, September 13th will be paid a dividend of $1.22 per share. This represents a $4.88 annualized dividend and a yield of 3.07%. The ex-dividend date is Friday, September 13th. Digital Realty Trust’s payout ratio is 135.56%.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. Royal Bank of Canada boosted their price objective on Digital Realty Trust from $144.00 to $160.00 and gave the company an “outperform” rating in a research note on Monday, June 3rd. Mizuho started coverage on shares of Digital Realty Trust in a research report on Thursday, July 11th. They set an “outperform” rating and a $170.00 price objective on the stock. TD Cowen lowered their target price on shares of Digital Realty Trust from $122.00 to $120.00 and set a “hold” rating on the stock in a research note on Friday, July 26th. Stifel Nicolaus increased their price target on Digital Realty Trust from $165.00 to $175.00 and gave the stock a “buy” rating in a research note on Friday, July 12th. Finally, JPMorgan Chase & Co. upgraded Digital Realty Trust from a “neutral” rating to an “overweight” rating and boosted their price objective for the company from $150.00 to $175.00 in a research report on Friday, June 28th. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Digital Realty Trust has a consensus rating of “Hold” and a consensus price target of $154.00.

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.