Northwestern Mutual Wealth Management Co. Increases Stock Holdings in Digital Realty Trust, Inc. (NYSE:DLR)

Northwestern Mutual Wealth Management Co. boosted its stake in Digital Realty Trust, Inc. (NYSE:DLR) by 23.8% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 15,416 shares of the real estate investment trust’s stock after buying an additional 2,963 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Digital Realty Trust were worth $2,344,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Massachusetts Financial Services Co. MA raised its holdings in shares of Digital Realty Trust by 543.6% in 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 purchasing an additional 1,773,591 shares during the last quarter. Vanguard Group Inc. increased its stake in 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 buying an additional 951,567 shares during the last quarter. Balyasny Asset Management L.P. bought a new position in shares of Digital Realty Trust during the 4th quarter worth approximately $107,372,000. Wulff Hansen & CO. boosted its stake in shares of Digital Realty Trust by 15,105.0% in the 2nd quarter. Wulff Hansen & CO. now owns 795,830 shares of the real estate investment trust’s stock worth $121,006,000 after buying an additional 790,596 shares during the last quarter. Finally, Electron Capital Partners LLC grew its holdings in shares of 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 valued at $158,374,000 after acquiring an additional 716,816 shares in the last quarter. 99.71% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts recently commented on DLR shares. TD Cowen dropped their price target on Digital Realty Trust from $122.00 to $120.00 and set a “hold” rating on the stock in a report on Friday, July 26th. Argus downgraded Digital Realty Trust from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Stifel Nicolaus raised their target price on Digital Realty Trust from $165.00 to $175.00 and gave the stock a “buy” rating in a research report on Friday, July 12th. HSBC upgraded Digital Realty Trust from a “reduce” rating to a “hold” rating and boosted their target price for the company from $124.00 to $160.00 in a research note on Friday. Finally, BMO Capital Markets raised Digital Realty Trust from a “market perform” rating to an “outperform” rating and lifted their price objective for the stock from $144.00 to $170.00 in a report on Wednesday, June 26th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $156.61.

Insider Buying and Selling

In other news, Director Jean F. H. P. Mandeville sold 600 shares of the firm’s stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $150.26, for a total transaction 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. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.17% of the stock is owned by corporate insiders.

Digital Realty Trust Stock Down 0.2 %

Shares of NYSE DLR opened at $157.00 on Friday. The company has a current ratio of 1.78, a quick ratio of 1.78 and a debt-to-equity ratio of 0.81. The business has a 50-day moving average of $153.38 and a 200-day moving average of $148.33. The firm has a market capitalization 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, Inc. has a 12 month low of $113.94 and a 12 month high of $165.17.

Digital Realty Trust (NYSE:DLR) last released its quarterly 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). The company had revenue of $1.36 billion during the quarter, compared to analysts’ expectations of $1.38 billion. Digital Realty Trust had a return on equity of 5.93% and a net margin of 20.58%. Digital Realty Trust’s quarterly revenue was down .7% on a year-over-year basis. During the same period in the prior year, the firm earned $1.68 EPS. Sell-side 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 firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, September 13th were issued a dividend of $1.22 per share. This represents a $4.88 annualized dividend and a dividend yield of 3.11%. The ex-dividend date of this dividend was Friday, September 13th. Digital Realty Trust’s dividend payout ratio is currently 135.56%.

Digital Realty Trust Company 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.