Beck Capital Management LLC Buys 177 Shares of Digital Realty Trust, Inc. (NYSE:DLR)

Beck Capital Management LLC grew its stake in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 1.6% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 11,579 shares of the real estate investment trust’s stock after purchasing an additional 177 shares during the quarter. Beck Capital Management LLC’s holdings in Digital Realty Trust were worth $1,761,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Meeder Asset Management Inc. bought a new stake in Digital Realty Trust in the 2nd quarter worth $25,000. American Capital Advisory LLC bought a new stake in shares of Digital Realty Trust in the second quarter worth about $27,000. Private Ocean LLC purchased a new position in Digital Realty Trust during the 2nd quarter valued at about $27,000. Gradient Investments LLC raised its position in Digital Realty Trust by 75.2% during the 2nd quarter. Gradient Investments LLC now owns 177 shares of the real estate investment trust’s stock valued at $27,000 after purchasing an additional 76 shares during the last quarter. Finally, Rise Advisors LLC grew its position in shares of Digital Realty Trust by 1,125.0% in the 1st quarter. Rise Advisors LLC now owns 196 shares of the real estate investment trust’s stock worth $28,000 after buying an additional 180 shares during the last quarter. Institutional investors own 99.71% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently commented on DLR shares. Royal Bank of Canada raised their price target on Digital Realty Trust from $144.00 to $160.00 and gave the stock an “outperform” rating in a research note on Monday, June 3rd. Barclays lifted their target price on shares of Digital Realty Trust from $123.00 to $130.00 and gave the company an “underweight” rating in a research note on Wednesday, July 24th. JPMorgan Chase & Co. raised shares of Digital Realty Trust from a “neutral” rating to an “overweight” rating and increased their price target for the stock from $150.00 to $175.00 in a research note on Friday, June 28th. BMO Capital Markets raised Digital Realty Trust from a “market perform” rating to an “outperform” rating and lifted their price objective for the company from $144.00 to $170.00 in a research report on Wednesday, June 26th. Finally, Mizuho started coverage on Digital Realty Trust in a research report on Thursday, July 11th. They issued an “outperform” rating and a $170.00 target price for the company. Three investment 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.com, Digital Realty Trust currently has an average rating of “Hold” and an average price target of $154.00.

Digital Realty Trust Stock Down 0.1 %

Shares of Digital Realty Trust stock opened at $158.70 on Monday. The company has a 50-day simple moving average of $152.15 and a two-hundred day simple moving average of $147.30. The stock has a market capitalization of $49.58 billion, a PE ratio of 44.08, a price-to-earnings-growth ratio of 5.06 and a beta of 0.60. Digital Realty Trust, Inc. has a 52-week low of $113.94 and a 52-week high of $162.58. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.78 and a current ratio of 1.78.

Digital Realty Trust (NYSE:DLR) last announced its quarterly earnings data on Thursday, July 25th. The real estate investment trust reported $0.20 earnings per share for the quarter, missing analysts’ consensus estimates of $1.63 by ($1.43). Digital Realty Trust had a return on equity of 5.93% and a net margin of 20.58%. The firm had revenue of $1.36 billion during the quarter, compared to analysts’ expectations of $1.38 billion. During the same quarter in the previous year, the firm earned $1.68 earnings per share. Digital Realty Trust’s revenue was down .7% on a year-over-year basis. On average, analysts anticipate that Digital Realty Trust, Inc. will post 6.65 EPS for the current fiscal year.

Digital Realty Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 13th will be issued 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 3.07%. Digital Realty Trust’s payout ratio is 135.56%.

Insiders Place Their Bets

In other 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 sale, the director now owns 9,055 shares of the company’s stock, valued at approximately $1,360,604.30. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.17% of the stock is owned by insiders.

Digital Realty Trust Company 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.