Frank Rimerman Advisors LLC Boosts Stake in Digital Realty Trust, Inc. (NYSE:DLR)

Frank Rimerman Advisors LLC lifted its holdings in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 31,253.3% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 4,703 shares of the real estate investment trust’s stock after purchasing an additional 4,688 shares during the quarter. Frank Rimerman Advisors LLC’s holdings in Digital Realty Trust were worth $715,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of DLR. Meeder Asset Management Inc. acquired a new position in Digital Realty Trust during the second quarter worth $25,000. American Capital Advisory LLC purchased a new position in Digital Realty Trust during the 2nd quarter valued at about $27,000. Private Ocean LLC acquired a new position in Digital Realty Trust in the 2nd quarter valued at about $27,000. Gradient Investments LLC increased its stake in Digital Realty Trust by 75.2% during the second quarter. Gradient Investments LLC now owns 177 shares of the real estate investment trust’s stock worth $27,000 after purchasing an additional 76 shares during the period. Finally, Rise Advisors LLC lifted its position in shares of Digital Realty Trust by 1,125.0% during the first quarter. Rise Advisors LLC now owns 196 shares of the real estate investment trust’s stock worth $28,000 after purchasing an additional 180 shares in the last quarter. 99.71% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director Jean F. H. P. Mandeville sold 600 shares of Digital Realty Trust stock in a transaction on Thursday, August 1st. The stock was 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 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 Securities & Exchange Commission, which is available at this link. 0.17% of the stock is owned by company insiders.

Digital Realty Trust Trading Up 1.4 %

Shares of Digital Realty Trust stock opened at $160.87 on Tuesday. Digital Realty Trust, Inc. has a 52-week low of $113.94 and a 52-week high of $162.58. The company’s 50-day simple moving average is $152.18 and its 200-day simple moving average is $147.37. The firm has a market cap of $50.26 billion, a price-to-earnings ratio of 44.69, a price-to-earnings-growth ratio of 5.06 and a beta of 0.60. The company has a quick ratio of 1.78, a current 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 the consensus estimate 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 company had revenue of $1.36 billion for the quarter, compared to analysts’ expectations of $1.38 billion. During the same quarter in the previous year, the firm posted $1.68 earnings per share. Digital Realty Trust’s revenue for the quarter was down .7% on a year-over-year basis. As a group, equities research analysts anticipate that Digital Realty Trust, Inc. will post 6.65 earnings per share for the current year.

Digital Realty Trust Dividend Announcement

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 issued a dividend of $1.22 per share. 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 is presently 135.56%.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. JPMorgan Chase & Co. raised shares of Digital Realty Trust from a “neutral” rating to an “overweight” rating and raised their price target for the company from $150.00 to $175.00 in a research report on Friday, June 28th. Wells Fargo & Company upped their price target on Digital Realty Trust from $155.00 to $170.00 and gave the stock an “overweight” rating in a report on Tuesday, July 23rd. Argus cut Digital Realty Trust from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Deutsche Bank Aktiengesellschaft upped their target price on shares of Digital Realty Trust from $143.00 to $145.00 and gave the stock a “hold” rating in a research note on Thursday, May 30th. Finally, BMO Capital Markets raised shares of Digital Realty Trust from a “market perform” rating to an “outperform” rating and lifted their price objective for the stock from $144.00 to $170.00 in a research report on Wednesday, June 26th. Three analysts have rated the stock with a sell rating, seven have issued a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $154.00.

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.