Masterton Capital Management LP Buys Shares of 29,300 Digital Realty Trust, Inc. (NYSE:DLR)

Masterton Capital Management LP acquired a new stake in shares of Digital Realty Trust, Inc. (NYSE:DLR) in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 29,300 shares of the real estate investment trust’s stock, valued at approximately $4,455,000. Digital Realty Trust comprises 3.2% of Masterton Capital Management LP’s investment portfolio, making the stock its 13th largest holding.

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

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on DLR shares. Royal Bank of Canada increased their price target on Digital Realty Trust from $144.00 to $160.00 and gave the stock an “outperform” rating in a research report on Monday, June 3rd. The Goldman Sachs Group initiated coverage on Digital Realty Trust in a report on Monday, July 1st. They issued a “buy” rating and a $175.00 price target for the company. Barclays raised 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. Deutsche Bank Aktiengesellschaft increased their price target on shares of Digital Realty Trust from $143.00 to $145.00 and gave the stock a “hold” rating in a report on Thursday, May 30th. Finally, Mizuho initiated 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. Three 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. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $154.00.

Insider Transactions at Digital Realty Trust

In other Digital Realty Trust news, Director Jean F. H. P. Mandeville sold 600 shares of the business’s stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $150.26, for a total value of $90,156.00. Following the sale, the director now owns 9,055 shares of the company’s stock, valued at $1,360,604.30. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.17% of the company’s stock.

Digital Realty Trust Stock Up 1.4 %

Shares of NYSE DLR opened at $160.87 on Tuesday. The company has a market capitalization of $50.26 billion, a P/E ratio of 44.69, a P/E/G ratio of 5.06 and a beta of 0.60. 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 50 day simple moving average of $152.18 and a 200-day simple moving average of $147.37. Digital Realty Trust, Inc. has a 1 year low of $113.94 and a 1 year high of $162.58.

Digital Realty Trust (NYSE:DLR) last posted 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 business had revenue of $1.36 billion during the quarter, compared to analysts’ expectations of $1.38 billion. Digital Realty Trust had a net margin of 20.58% and a return on equity of 5.93%. Digital Realty Trust’s revenue for the quarter was down .7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.68 EPS. On average, equities research analysts predict that Digital Realty Trust, Inc. will post 6.65 earnings per share for the current year.

Digital Realty Trust Announces Dividend

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

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.