Duff & Phelps Investment Management Co. Has $167.87 Million Position in Digital Realty Trust, Inc. (NYSE:DLR)

Duff & Phelps Investment Management Co. reduced its position in Digital Realty Trust, Inc. (NYSE:DLR) by 1.1% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,104,015 shares of the real estate investment trust’s stock after selling 12,510 shares during the quarter. Digital Realty Trust makes up about 2.1% of Duff & Phelps Investment Management Co.’s portfolio, making the stock its 7th largest position. Duff & Phelps Investment Management Co. owned 0.35% of Digital Realty Trust worth $167,865,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of DLR. Massachusetts Financial Services Co. MA boosted its position in Digital Realty Trust by 543.6% during the second quarter. Massachusetts Financial Services Co. MA now owns 1,447,340 shares of the real estate investment trust’s stock valued at $220,068,000 after acquiring an additional 1,773,591 shares during the last quarter. Vanguard Group Inc. lifted 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 purchasing an additional 951,567 shares during the period. Balyasny Asset Management L.P. bought a new stake in shares of Digital Realty Trust during the 4th quarter valued at about $107,372,000. Wulff Hansen & CO. grew its stake in Digital Realty Trust by 15,105.0% during the second quarter. Wulff Hansen & CO. now owns 795,830 shares of the real estate investment trust’s stock worth $121,006,000 after purchasing an additional 790,596 shares during the period. Finally, Electron Capital Partners LLC increased its holdings in Digital Realty Trust by 220.7% in the second quarter. Electron Capital Partners LLC now owns 1,041,594 shares of the real estate investment trust’s stock worth $158,374,000 after purchasing an additional 716,816 shares in the last quarter. 99.71% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Jean F. H. P. Mandeville sold 600 shares of the business’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 transaction, the director now directly owns 9,055 shares of the company’s stock, valued at approximately $1,360,604.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.17% of the company’s stock.

Digital Realty Trust Stock Performance

Shares of DLR stock opened at $161.16 on Friday. 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 has a 50-day moving average of $152.56 and a 200-day moving average of $147.79. Digital Realty Trust, Inc. has a one year low of $113.94 and a one year high of $165.17. The company has a market cap of $50.35 billion, a P/E ratio of 44.77, a P/E/G ratio of 5.14 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 EPS 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 firm had revenue of $1.36 billion during the quarter, compared to analysts’ expectations of $1.38 billion. During the same quarter last year, the business posted $1.68 EPS. The company’s quarterly revenue 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 firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 13th will be paid a $1.22 dividend. The ex-dividend date is Friday, September 13th. This represents a $4.88 dividend on an annualized basis and a yield of 3.03%. Digital Realty Trust’s dividend payout ratio (DPR) is presently 135.56%.

Analyst Ratings Changes

A number of research firms have issued reports on DLR. Barclays increased their price target on Digital Realty Trust from $123.00 to $130.00 and gave the stock an “underweight” rating in a report on Wednesday, July 24th. Wells Fargo & Company raised their price target on shares of Digital Realty Trust from $155.00 to $170.00 and gave the stock an “overweight” rating in a report on Tuesday, July 23rd. Argus downgraded shares of Digital Realty Trust from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Royal Bank of Canada increased their price objective on shares of Digital Realty Trust from $144.00 to $160.00 and gave the stock an “outperform” rating in a research report on Monday, June 3rd. Finally, Mizuho started coverage on Digital Realty Trust in a research report on Thursday, July 11th. They issued an “outperform” rating and a $170.00 target price for the company. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $154.00.

About Digital Realty Trust

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.