Digital Realty Trust, Inc. (NYSE:DLR) Stock Position Reduced by Foresight Group Ltd Liability Partnership

Foresight Group Ltd Liability Partnership lessened its stake in Digital Realty Trust, Inc. (NYSE:DLR) by 6.7% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 172,196 shares of the real estate investment trust’s stock after selling 12,360 shares during the quarter. Digital Realty Trust accounts for about 11.1% of Foresight Group Ltd Liability Partnership’s holdings, making the stock its 4th biggest position. Foresight Group Ltd Liability Partnership owned approximately 0.06% of Digital Realty Trust worth $26,182,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in shares of Digital Realty Trust by 2.0% in the 1st 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 buying an additional 951,567 shares in the last quarter. Daiwa Securities Group Inc. grew its position in Digital Realty Trust by 16.8% in the second quarter. Daiwa Securities Group Inc. now owns 4,725,971 shares of the real estate investment trust’s stock worth $718,584,000 after acquiring an additional 678,165 shares in the last quarter. Canada Pension Plan Investment Board increased its stake in shares of Digital Realty Trust by 4.0% during the 1st quarter. Canada Pension Plan Investment Board now owns 4,680,249 shares of the real estate investment trust’s stock worth $674,143,000 after purchasing an additional 182,100 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Digital Realty Trust by 5.3% during the 2nd 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 purchasing an additional 228,585 shares in the last quarter. Finally, Centersquare Investment Management LLC lifted its stake in shares of Digital Realty Trust by 1.3% in the 1st 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 purchasing an additional 34,516 shares during the last quarter. Hedge funds and other institutional investors own 99.71% of the company’s stock.

Analysts Set New Price Targets

Several research firms have commented on DLR. JPMorgan Chase & Co. raised shares of Digital Realty Trust from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $150.00 to $175.00 in a research report on Friday, June 28th. Barclays raised their price objective on Digital Realty Trust from $123.00 to $130.00 and gave the company an “underweight” rating in a research note on Wednesday, July 24th. BMO Capital Markets upgraded Digital Realty Trust from a “market perform” rating to an “outperform” rating and boosted their target price for the stock from $144.00 to $170.00 in a report on Wednesday, June 26th. Stifel Nicolaus increased their price target on Digital Realty Trust from $165.00 to $175.00 and gave the company a “buy” rating in a report on Friday, July 12th. Finally, TD Cowen reduced their price objective on shares of Digital Realty Trust from $122.00 to $120.00 and set a “hold” rating for the company in a research note on Friday, July 26th. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Digital Realty Trust has a consensus rating of “Hold” and a consensus target price of $154.00.

Digital Realty Trust Stock Up 0.4 %

DLR opened at $158.25 on Thursday. The company has a market capitalization of $49.44 billion, a P/E ratio of 43.96, 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 firm’s fifty day moving average price is $152.12 and its two-hundred day moving average price is $147.23. Digital Realty Trust, Inc. has a fifty-two week low of $113.94 and a fifty-two week high of $162.58.

Digital Realty Trust (NYSE:DLR) last issued its earnings results on Thursday, July 25th. The real estate investment trust reported $0.20 earnings per share for the quarter, missing the consensus estimate 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 firm posted $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 year.

Digital Realty Trust Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 13th will be given 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 dividend yield of 3.08%. Digital Realty Trust’s dividend payout ratio (DPR) is presently 135.56%.

Insider Activity at Digital Realty Trust

In other Digital Realty Trust news, Director Jean F. H. P. Mandeville sold 600 shares of the 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 directly owns 9,055 shares in the company, valued at $1,360,604.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.17% of the stock is owned by insiders.

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.