Pacer Advisors Inc. Has $68.62 Million Stock Position in Digital Realty Trust, Inc. (NYSE:DLR)

Pacer Advisors Inc. lifted its position in Digital Realty Trust, Inc. (NYSE:DLR) by 168.5% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 451,269 shares of the real estate investment trust’s stock after buying an additional 283,228 shares during the quarter. Pacer Advisors Inc. owned about 0.14% of Digital Realty Trust worth $68,615,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Gilman Hill Asset Management LLC boosted its holdings in Digital Realty Trust by 1.1% in the 2nd quarter. Gilman Hill Asset Management LLC now owns 6,179 shares of the real estate investment trust’s stock valued at $940,000 after purchasing an additional 65 shares during the period. Gradient Investments LLC boosted its holdings in 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 purchasing an additional 76 shares during the period. Garrison Asset Management LLC boosted its holdings in Digital Realty Trust by 3.6% in the 2nd quarter. Garrison Asset Management LLC now owns 2,277 shares of the real estate investment trust’s stock valued at $346,000 after purchasing an additional 80 shares during the period. CHICAGO TRUST Co NA boosted its holdings in Digital Realty Trust by 5.1% in the 2nd quarter. CHICAGO TRUST Co NA now owns 1,713 shares of the real estate investment trust’s stock valued at $260,000 after purchasing an additional 83 shares during the period. Finally, Benedict Financial Advisors Inc. boosted its holdings in Digital Realty Trust by 0.5% in the 1st quarter. Benedict Financial Advisors Inc. now owns 18,207 shares of the real estate investment trust’s stock valued at $2,623,000 after purchasing an additional 84 shares during the period. 99.71% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

DLR has been the subject of a number of research reports. Barclays increased their price target on shares of Digital Realty Trust from $123.00 to $130.00 and gave the company an “underweight” rating in a report on Wednesday, July 24th. TD Cowen dropped 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. JPMorgan Chase & Co. upgraded shares of Digital Realty Trust from a “neutral” rating to an “overweight” rating and increased their price objective for the company from $150.00 to $175.00 in a research note on Friday, June 28th. Stifel Nicolaus increased their price objective on shares of Digital Realty Trust from $165.00 to $175.00 and gave the company a “buy” rating in a research note on Friday, July 12th. Finally, Argus cut shares of Digital Realty Trust from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Three 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. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $154.00.

Digital Realty Trust Trading Down 0.1 %

Shares of Digital Realty Trust stock opened at $158.70 on Friday. The stock has a market capitalization of $49.58 billion, a P/E ratio of 44.08, a price-to-earnings-growth ratio of 5.06 and a beta of 0.60. 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 company has a 50-day simple moving average of $152.15 and a 200 day simple moving average of $147.32. Digital Realty Trust, Inc. has a 12-month low of $113.94 and a 12-month high of $162.58.

Digital Realty Trust (NYSE:DLR) last posted its quarterly earnings data 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). The company had revenue of $1.36 billion during the quarter, compared to analyst estimates of $1.38 billion. Digital Realty Trust had a net margin of 20.58% and a return on equity of 5.93%. The company’s revenue was down .7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.68 EPS. Research 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 business also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 13th will be given a $1.22 dividend. This represents a $4.88 annualized dividend and a yield of 3.07%. The ex-dividend date is Friday, September 13th. Digital Realty Trust’s payout ratio is presently 135.56%.

Insider Buying and Selling at Digital Realty Trust

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

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.