Sei Investments Co. Buys 147,689 Shares of Digital Realty Trust, Inc. (NYSE:DLR)

Sei Investments Co. lifted its position in Digital Realty Trust, Inc. (NYSE:DLR) by 11.2% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,465,876 shares of the real estate investment trust’s stock after purchasing an additional 147,689 shares during the period. Sei Investments Co.’s holdings in Digital Realty Trust were worth $222,886,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Gilman Hill Asset Management LLC lifted its position in shares of Digital Realty Trust by 1.1% in the second quarter. Gilman Hill Asset Management LLC now owns 6,179 shares of the real estate investment trust’s stock worth $940,000 after buying an additional 65 shares in the last quarter. Gradient Investments LLC raised its position in Digital Realty Trust by 75.2% during 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 in the last quarter. Garrison Asset Management LLC lifted its stake in Digital Realty Trust by 3.6% in the second quarter. Garrison Asset Management LLC now owns 2,277 shares of the real estate investment trust’s stock worth $346,000 after acquiring an additional 80 shares during the period. CHICAGO TRUST Co NA increased its holdings in Digital Realty Trust by 5.1% during the second quarter. CHICAGO TRUST Co NA now owns 1,713 shares of the real estate investment trust’s stock valued at $260,000 after buying an additional 83 shares during the period. Finally, Benedict Financial Advisors Inc. raised its position in shares of 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 worth $2,623,000 after acquiring an additional 84 shares in the last quarter. 99.71% of the stock is owned by institutional investors.

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 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 owns 9,055 shares of the company’s stock, valued at $1,360,604.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.17% of the company’s stock.

Digital Realty Trust Price Performance

Shares of DLR stock opened at $158.70 on Friday. The firm’s 50-day moving average is $152.15 and its two-hundred day moving average is $147.34. Digital Realty Trust, Inc. has a 12 month low of $113.94 and a 12 month high of $162.58. 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 company has a market capitalization of $49.58 billion, a PE 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 released its quarterly 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). The firm had revenue of $1.36 billion for the quarter, compared to analysts’ expectations of $1.38 billion. Digital Realty Trust had a net margin of 20.58% and a return on equity of 5.93%. The firm’s quarterly revenue was down .7% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.68 EPS. Analysts predict that Digital Realty Trust, Inc. will post 6.65 earnings per share for the current year.

Digital Realty Trust Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Stockholders 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 dividend yield of 3.07%. The ex-dividend date is Friday, September 13th. Digital Realty Trust’s dividend payout ratio is presently 135.56%.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on DLR. Mizuho started coverage on shares of Digital Realty Trust in a research report on Thursday, July 11th. They set an “outperform” rating and a $170.00 target price for the company. Royal Bank of Canada raised their price target 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. Wells Fargo & Company upped their target price on Digital Realty Trust from $155.00 to $170.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 23rd. Barclays increased their target price on shares of Digital Realty Trust from $123.00 to $130.00 and gave the stock an “underweight” rating in a research note on Wednesday, July 24th. Finally, Stifel Nicolaus upped their target price on Digital Realty Trust from $165.00 to $175.00 and gave the stock a “buy” rating in a research note on Friday, July 12th. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Digital Realty Trust currently has an average rating of “Hold” and a consensus price target of $154.00.

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.