NewEdge Advisors LLC Buys 2,047 Shares of Digital Realty Trust, Inc. (NYSE:DLR)

NewEdge Advisors LLC grew its stake in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 16.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 14,763 shares of the real estate investment trust’s stock after buying an additional 2,047 shares during the period. NewEdge Advisors LLC’s holdings in Digital Realty Trust were worth $2,245,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of DLR. Vanguard Group Inc. increased its holdings in Digital Realty Trust by 2.0% during the 1st quarter. Vanguard Group Inc. now owns 48,503,593 shares of the real estate investment trust’s stock worth $6,986,458,000 after acquiring an additional 951,567 shares during the period. Canada Pension Plan Investment Board increased its holdings in shares of Digital Realty Trust by 3.1% in the second 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 purchasing an additional 146,183 shares during the period. Legal & General Group Plc increased its holdings in shares of Digital Realty Trust by 2.8% in the second quarter. Legal & General Group Plc now owns 4,730,168 shares of the real estate investment trust’s stock worth $719,222,000 after purchasing an additional 129,799 shares during the period. Daiwa Securities Group Inc. raised its position in shares of 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 buying an additional 678,165 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in Digital Realty Trust by 5.3% during the second 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 buying an additional 228,585 shares during the period. 99.71% of the stock is owned by hedge funds and other institutional investors.

Digital Realty Trust Price Performance

DLR opened at $157.00 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. Digital Realty Trust, Inc. has a 1 year low of $113.94 and a 1 year high of $165.17. The stock’s 50 day simple moving average is $153.38 and its 200 day simple moving average is $148.33. The firm has a market cap of $49.05 billion, a price-to-earnings ratio of 43.61, a PEG ratio of 5.14 and a beta of 0.60.

Digital Realty Trust (NYSE:DLR) last issued its earnings results 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 return on equity of 5.93% and a net margin of 20.58%. The firm had revenue of $1.36 billion during the quarter, compared to analysts’ expectations of $1.38 billion. During the same period in the previous year, the firm earned $1.68 earnings per share. The firm’s quarterly revenue was down .7% compared to the same quarter last year. As a group, analysts predict that Digital Realty Trust, Inc. will post 6.65 earnings per share for the current year.

Digital Realty Trust Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, September 13th were issued a dividend of $1.22 per share. The ex-dividend date of this dividend was Friday, September 13th. This represents a $4.88 dividend on an annualized basis and a dividend yield of 3.11%. Digital Realty Trust’s dividend payout ratio is currently 135.56%.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. Hsbc Global Res upgraded Digital Realty Trust from a “moderate sell” rating to a “hold” rating in a research note on Friday. Stifel Nicolaus upped their price objective on shares of Digital Realty Trust from $165.00 to $175.00 and gave the stock a “buy” rating in a research report on Friday, July 12th. The Goldman Sachs Group started coverage on shares of Digital Realty Trust in a research report on Monday, July 1st. They set a “buy” rating and a $175.00 target price for the company. Mizuho assumed coverage on shares of Digital Realty Trust in a report on Thursday, July 11th. They issued an “outperform” rating and a $170.00 price target on the stock. Finally, 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 report on Friday, July 26th. Two research analysts have rated the stock with a sell rating, nine have issued 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, Digital Realty Trust has an average rating of “Hold” and a consensus target price of $156.61.

Insider Buying and Selling

In other Digital Realty Trust news, Director Jean F. H. P. Mandeville sold 600 shares of the company’s stock in a transaction that occurred 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 of the company’s stock, valued at $1,360,604.30. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 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.