Ieq Capital LLC Raises Stock Holdings in Digital Realty Trust, Inc. (NYSE:DLR)

Ieq Capital LLC grew its stake in Digital Realty Trust, Inc. (NYSE:DLR) by 14.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,248 shares of the real estate investment trust’s stock after buying an additional 1,526 shares during the quarter. Ieq Capital LLC’s holdings in Digital Realty Trust were worth $1,862,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Public Employees Retirement System of Ohio increased its position in Digital Realty Trust by 1.6% in the fourth quarter. Public Employees Retirement System of Ohio now owns 587,561 shares of the real estate investment trust’s stock worth $79,074,000 after buying an additional 9,158 shares in the last quarter. Bessemer Group Inc. increased its position in Digital Realty Trust by 102.1% in the first quarter. Bessemer Group Inc. now owns 19,528 shares of the real estate investment trust’s stock worth $2,813,000 after buying an additional 9,865 shares in the last quarter. Treasurer of the State of North Carolina grew its position in shares of Digital Realty Trust by 2.1% during the fourth quarter. Treasurer of the State of North Carolina now owns 137,892 shares of the real estate investment trust’s stock worth $18,558,000 after purchasing an additional 2,840 shares in the last quarter. Cetera Investment Advisers raised its stake in Digital Realty Trust by 295.5% during the 1st quarter. Cetera Investment Advisers now owns 31,665 shares of the real estate investment trust’s stock valued at $4,561,000 after purchasing an additional 23,659 shares during the period. Finally, Pinebridge Investments L.P. bought a new stake in Digital Realty Trust during the 4th quarter valued at approximately $3,167,000. Hedge funds and other institutional investors own 99.71% of the company’s stock.

Digital Realty Trust Price Performance

Shares of Digital Realty Trust stock opened at $158.70 on Monday. The stock has a 50 day moving average price of $152.15 and a 200-day moving average price of $147.30. Digital Realty Trust, Inc. has a one year low of $113.94 and a one year high of $162.58. 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 has a market cap of $49.58 billion, a price-to-earnings ratio of 44.08, a price-to-earnings-growth ratio of 5.06 and a beta of 0.60.

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 (EPS) 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 analysts’ expectations of $1.38 billion. During the same quarter in the previous year, the firm earned $1.68 EPS. Digital Realty Trust’s revenue was down .7% compared to the same quarter last year. Equities analysts expect that Digital Realty Trust, Inc. will post 6.65 EPS for the current year.

Digital Realty Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 13th will be issued a dividend of $1.22 per share. This represents a $4.88 dividend on an annualized basis and a yield of 3.07%. The ex-dividend date of this dividend is Friday, September 13th. Digital Realty Trust’s payout ratio is currently 135.56%.

Analyst Ratings Changes

Several analysts recently issued reports on DLR shares. JPMorgan Chase & Co. raised Digital Realty Trust from a “neutral” rating to an “overweight” rating and lifted their target price for the company from $150.00 to $175.00 in a research note on Friday, June 28th. The Goldman Sachs Group started coverage on Digital Realty Trust in a research note on Monday, July 1st. They set a “buy” rating and a $175.00 target price on the stock. Wells Fargo & Company lifted their target price on Digital Realty Trust from $155.00 to $170.00 and gave the company an “overweight” rating in a research note on Tuesday, July 23rd. Mizuho started coverage on Digital Realty Trust in a research note on Thursday, July 11th. They set an “outperform” rating and a $170.00 target price on the stock. Finally, BMO Capital Markets raised Digital Realty Trust from a “market perform” rating to an “outperform” rating and lifted their target price for the company from $144.00 to $170.00 in a research note on Wednesday, June 26th. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $154.00.

Insider Activity at Digital Realty Trust

In related news, Director Jean F. H. P. Mandeville sold 600 shares of the business’s 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 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 available through this hyperlink. 0.17% of the stock is owned by company 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.