Digital Realty Trust, Inc. (NYSE:DLR) is Duff & Phelps Investment Management Co.’s 7th Largest Position

Duff & Phelps Investment Management Co. reduced its holdings in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 1.1% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 1,104,015 shares of the real estate investment trust’s stock after selling 12,510 shares during the quarter. Digital Realty Trust accounts for about 2.1% of Duff & Phelps Investment Management Co.’s investment portfolio, making the stock its 7th largest holding. Duff & Phelps Investment Management Co.’s holdings in Digital Realty Trust were worth $167,865,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of DLR. Meeder Asset Management Inc. purchased a new position in Digital Realty Trust during the 2nd quarter valued at about $25,000. American Capital Advisory LLC bought a new position in shares of Digital Realty Trust in the second quarter valued at approximately $27,000. Private Ocean LLC purchased a new position in Digital Realty Trust during the second quarter valued at approximately $27,000. Gradient Investments LLC increased its holdings 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 worth $27,000 after acquiring an additional 76 shares during the period. Finally, Rise Advisors LLC lifted its stake in Digital Realty Trust by 1,125.0% in the 1st quarter. Rise Advisors LLC now owns 196 shares of the real estate investment trust’s stock worth $28,000 after purchasing an additional 180 shares in the last quarter. 99.71% of the stock is owned by institutional investors.

Analysts Set New Price Targets

DLR has been the subject of a number of recent analyst reports. Wells Fargo & Company boosted their price target on shares of Digital Realty Trust from $155.00 to $170.00 and gave the company an “overweight” rating in a research report on Tuesday, July 23rd. Barclays upped their target price on Digital Realty Trust from $123.00 to $130.00 and gave the stock an “underweight” rating in a research note on Wednesday, July 24th. Truist Financial raised their price target on Digital Realty Trust from $160.00 to $168.00 and gave the company a “buy” rating in a report on Tuesday, August 13th. BMO Capital Markets raised Digital Realty Trust from a “market perform” rating to an “outperform” rating and boosted their price objective for the stock from $144.00 to $170.00 in a report on Wednesday, June 26th. Finally, Stifel Nicolaus raised their target price on shares of Digital Realty Trust from $165.00 to $175.00 and gave the company a “buy” rating in a research note on Friday, July 12th. Three 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 given a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $154.00.

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 stock was sold at an average price of $150.26, for a total transaction of $90,156.00. Following the transaction, the director now owns 9,055 shares in the company, valued at approximately $1,360,604.30. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.17% of the company’s stock.

Digital Realty Trust Trading Down 0.6 %

Shares of DLR stock opened at $161.16 on Friday. The business has a 50-day moving average of $152.56 and a 200 day moving average of $147.79. 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 has a market capitalization of $50.35 billion, a PE ratio of 44.77, a P/E/G ratio of 5.14 and a beta of 0.60.

Digital Realty Trust (NYSE:DLR) last released its quarterly earnings data on Thursday, July 25th. The real estate investment trust reported $0.20 earnings per share 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 company had revenue of $1.36 billion for the quarter, compared to analysts’ expectations of $1.38 billion. During the same period last year, the company posted $1.68 EPS. The business’s revenue for the quarter was down .7% compared to the same quarter last year. As a group, sell-side analysts anticipate 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 disclosed a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 13th will be given a $1.22 dividend. This represents a $4.88 dividend on an annualized basis and a dividend yield of 3.03%. The ex-dividend date of this dividend is Friday, September 13th. Digital Realty Trust’s payout ratio is 135.56%.

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.