Digital Realty Trust, Inc. (NYSE:DLR) Shares Sold by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC lowered its stake in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 37.9% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,576 shares of the real estate investment trust’s stock after selling 962 shares during the period. Los Angeles Capital Management LLC’s holdings in Digital Realty Trust were worth $240,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the stock. Vanguard Group Inc. boosted its stake 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 during the last quarter. Canada Pension Plan Investment Board boosted its stake in shares of Digital Realty Trust by 4.0% during the first quarter. Canada Pension Plan Investment Board now owns 4,680,249 shares of the real estate investment trust’s stock valued at $674,143,000 after acquiring an additional 182,100 shares during the last quarter. Centersquare Investment Management LLC boosted its stake in shares of Digital Realty Trust by 1.3% during the first quarter. Centersquare Investment Management LLC now owns 2,600,217 shares of the real estate investment trust’s stock valued at $360,858,000 after acquiring an additional 34,516 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Digital Realty Trust by 2.7% during the second quarter. Bank of New York Mellon Corp now owns 2,351,319 shares of the real estate investment trust’s stock valued at $357,518,000 after acquiring an additional 60,821 shares during the last quarter. Finally, Russell Investments Group Ltd. boosted its stake in shares of Digital Realty Trust by 4.5% during the first quarter. Russell Investments Group Ltd. now owns 2,213,433 shares of the real estate investment trust’s stock valued at $318,777,000 after acquiring an additional 94,599 shares during the last quarter. Institutional investors and hedge funds own 99.71% of the company’s stock.

Insider Transactions at Digital Realty Trust

In other news, Director Jean F. H. P. Mandeville sold 600 shares of Digital Realty Trust 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 completion of the transaction, the director now owns 9,055 shares in the company, valued at approximately $1,360,604.30. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 0.17% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on DLR. Royal Bank of Canada increased their target price 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. BMO Capital Markets upgraded Digital Realty Trust from a “market perform” rating to an “outperform” rating and increased their target price for the stock from $144.00 to $170.00 in a research report on Wednesday, June 26th. Wells Fargo & Company increased their target price on Digital Realty Trust from $155.00 to $170.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 23rd. The Goldman Sachs Group began coverage on Digital Realty Trust in a research report on Monday, July 1st. They set a “buy” rating and a $175.00 target price on the stock. Finally, Truist Financial increased their target price on Digital Realty Trust from $160.00 to $168.00 and gave the stock a “buy” rating in a research report on Tuesday, August 13th. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $154.00.

Digital Realty Trust Price Performance

Shares of NYSE DLR opened at $158.93 on Monday. Digital Realty Trust, Inc. has a fifty-two week low of $113.94 and a fifty-two week high of $162.58. The business has a 50 day moving average price of $151.84 and a two-hundred day moving average price of $147.00. 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 has a market cap of $49.65 billion, a PE ratio of 44.15, a price-to-earnings-growth ratio of 5.06 and a beta of 0.60.

Digital Realty Trust (NYSE:DLR) last issued 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 net margin of 20.58% and a return on equity of 5.93%. The business had revenue of $1.36 billion for the quarter, compared to analyst estimates of $1.38 billion. During the same quarter last year, the business earned $1.68 EPS. Digital Realty Trust’s revenue for the quarter was down .7% compared to the same quarter last year. Sell-side analysts expect that Digital Realty Trust, Inc. will post 6.65 earnings per share for the current fiscal year.

Digital Realty Trust Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 13th will be given a $1.22 dividend. The ex-dividend date is Friday, September 13th. This represents a $4.88 annualized dividend and a dividend yield of 3.07%. Digital Realty Trust’s payout ratio is 135.56%.

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.