Sei Investments Co. Increases Stake in Digital Realty Trust, Inc. (NYSE:DLR)

Sei Investments Co. raised its holdings in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 11.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,465,876 shares of the real estate investment trust’s stock after purchasing an additional 147,689 shares during the quarter. Sei Investments Co. owned approximately 0.47% of Digital Realty Trust worth $222,886,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Pacer Advisors Inc. boosted its stake in Digital Realty Trust by 168.5% in the 2nd quarter. Pacer Advisors Inc. now owns 451,269 shares of the real estate investment trust’s stock worth $68,615,000 after purchasing an additional 283,228 shares during the period. Skandinaviska Enskilda Banken AB publ boosted its position in shares of Digital Realty Trust by 6.9% in the second quarter. Skandinaviska Enskilda Banken AB publ now owns 63,340 shares of the real estate investment trust’s stock valued at $9,631,000 after acquiring an additional 4,100 shares during the period. AE Wealth Management LLC grew its stake in Digital Realty Trust by 4.4% during the second quarter. AE Wealth Management LLC now owns 13,321 shares of the real estate investment trust’s stock valued at $2,025,000 after acquiring an additional 562 shares in the last quarter. Canada Pension Plan Investment Board increased its holdings in Digital Realty Trust by 3.1% during 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 acquiring an additional 146,183 shares during the period. Finally, Benjamin Edwards Inc. lifted its stake in Digital Realty Trust by 45.9% in the 2nd quarter. Benjamin Edwards Inc. now owns 340 shares of the real estate investment trust’s stock worth $52,000 after purchasing an additional 107 shares in the last quarter. Institutional investors own 99.71% of the company’s stock.

Insiders Place Their Bets

In other news, Director Jean F. H. P. Mandeville sold 600 shares of the firm’s stock in a transaction 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 transaction, the director now directly owns 9,055 shares in the company, valued at approximately $1,360,604.30. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 0.17% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on DLR shares. TD Cowen reduced their target price on Digital Realty Trust from $122.00 to $120.00 and set a “hold” rating for the company in a research report on Friday, July 26th. Wells Fargo & Company upped their price objective on shares of Digital Realty Trust from $155.00 to $170.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 23rd. BMO Capital Markets upgraded shares of Digital Realty Trust from a “market perform” rating to an “outperform” rating and raised their price objective for the company from $144.00 to $170.00 in a research report on Wednesday, June 26th. 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 report on Thursday, May 30th. Finally, Royal Bank of Canada raised their price target on Digital Realty Trust from $144.00 to $160.00 and gave the company an “outperform” rating in a research report on Monday, June 3rd. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $154.00.

Digital Realty Trust Price Performance

DLR stock opened at $158.70 on Friday. The firm has a 50 day moving average price of $152.15 and a 200-day moving average price of $147.34. Digital Realty Trust, Inc. has a 52-week low of $113.94 and a 52-week high of $162.58. The firm has a market capitalization of $49.58 billion, a price-to-earnings ratio of 44.08, a PEG ratio of 5.06 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.

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). Digital Realty Trust had a return on equity of 5.93% and a net margin of 20.58%. The business had revenue of $1.36 billion during the quarter, compared to the consensus estimate of $1.38 billion. During the same period in the previous year, the business posted $1.68 EPS. The firm’s revenue for the quarter was down .7% on a year-over-year basis. Equities research analysts forecast that Digital Realty Trust, Inc. will post 6.65 EPS for the current fiscal year.

Digital Realty Trust Dividend Announcement

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 issued a $1.22 dividend. This represents a $4.88 annualized dividend and a yield of 3.07%. The ex-dividend date of this dividend is Friday, September 13th. Digital Realty Trust’s dividend payout ratio is currently 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.