Mackenzie Financial Corp Acquires 367 Shares of Digital Realty Trust, Inc. (NYSE:DLR)

Mackenzie Financial Corp raised its holdings in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 1.3% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 28,895 shares of the real estate investment trust’s stock after purchasing an additional 367 shares during the period. Mackenzie Financial Corp’s holdings in Digital Realty Trust were worth $4,393,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Vanguard Group Inc. raised its holdings in shares of Digital Realty Trust by 2.0% during the first quarter. Vanguard Group Inc. now owns 48,503,593 shares of the real estate investment trust’s stock valued at $6,986,458,000 after acquiring an additional 951,567 shares in the last quarter. Canada Pension Plan Investment Board lifted its position in shares of Digital Realty Trust by 3.1% in the 2nd quarter. Canada Pension Plan Investment Board now owns 4,826,432 shares of the real estate investment trust’s stock worth $733,859,000 after purchasing an additional 146,183 shares during the period. Daiwa Securities Group Inc. boosted its stake in shares of Digital Realty Trust by 16.8% during the 2nd quarter. Daiwa Securities Group Inc. now owns 4,725,971 shares of the real estate investment trust’s stock valued at $718,584,000 after purchasing an additional 678,165 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Digital Realty Trust by 5.3% during the second quarter. Dimensional Fund Advisors LP now owns 4,541,327 shares of the real estate investment trust’s stock valued at $690,498,000 after buying an additional 228,585 shares during the period. Finally, Centersquare Investment Management LLC raised its stake in Digital Realty Trust by 1.3% in the first quarter. Centersquare Investment Management LLC now owns 2,600,217 shares of the real estate investment trust’s stock worth $360,858,000 after buying an additional 34,516 shares in the last quarter. Hedge funds and other institutional investors own 99.71% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have weighed in on DLR. BMO Capital Markets upgraded Digital Realty Trust from a “market perform” rating to an “outperform” rating and upped their target price for the stock from $144.00 to $170.00 in a report on Wednesday, June 26th. Stifel Nicolaus increased their price objective on Digital Realty Trust from $165.00 to $175.00 and gave the stock a “buy” rating in a report on Friday, July 12th. Argus cut shares of Digital Realty Trust from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. JPMorgan Chase & Co. increased their price target on shares of Digital Realty Trust from $175.00 to $180.00 and gave the stock an “overweight” rating in a research note on Tuesday. Finally, Barclays boosted 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. 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. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $154.28.

Insider Transactions at Digital Realty Trust

In related news, Director Jean F. H. P. Mandeville sold 600 shares of the company’s stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $150.26, for a total value 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.17% of the company’s stock.

Digital Realty Trust Price Performance

Shares of Digital Realty Trust stock opened at $160.31 on Wednesday. The stock has a market cap of $50.09 billion, a P/E ratio of 44.53, a P/E/G ratio of 5.14 and a beta of 0.60. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.78 and a current ratio of 1.78. The stock’s fifty day moving average is $152.79 and its 200 day moving average is $148.08. Digital Realty Trust, Inc. has a one year low of $113.94 and a one year high of $165.17.

Digital Realty Trust (NYSE:DLR) last posted its quarterly earnings data 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). The company had revenue of $1.36 billion during the quarter, compared to the consensus estimate of $1.38 billion. Digital Realty Trust had a return on equity of 5.93% and a net margin of 20.58%. The firm’s quarterly revenue was down .7% compared to the same quarter last year. During the same period last year, the business earned $1.68 EPS. Sell-side 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 declared a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 13th were given a $1.22 dividend. The ex-dividend date was Friday, September 13th. This represents a $4.88 dividend on an annualized basis and a dividend yield of 3.04%. Digital Realty Trust’s payout ratio is currently 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.