Mackenzie Financial Corp Purchases 367 Shares of Digital Realty Trust, Inc. (NYSE:DLR)

Mackenzie Financial Corp lifted its position in Digital Realty Trust, Inc. (NYSE:DLR) by 1.3% in the 2nd quarter, Holdings Channel.com reports. The fund owned 28,895 shares of the real estate investment trust’s stock after acquiring an additional 367 shares during the period. Mackenzie Financial Corp’s holdings in Digital Realty Trust were worth $4,393,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Gilman Hill Asset Management LLC boosted its position in shares of Digital Realty Trust by 1.1% during the second quarter. Gilman Hill Asset Management LLC now owns 6,179 shares of the real estate investment trust’s stock valued at $940,000 after buying an additional 65 shares during the period. Gradient Investments LLC grew its position in Digital Realty Trust by 75.2% in the 2nd quarter. Gradient Investments LLC now owns 177 shares of the real estate investment trust’s stock valued at $27,000 after acquiring an additional 76 shares during the last quarter. Garrison Asset Management LLC increased 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 purchasing an additional 80 shares during the period. CHICAGO TRUST Co NA boosted its stake in shares of 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 purchasing an additional 83 shares during the period. Finally, Conning Inc. grew its holdings in shares of Digital Realty Trust by 5.8% in the second quarter. Conning Inc. now owns 1,530 shares of the real estate investment trust’s stock worth $233,000 after purchasing an additional 84 shares during the last quarter. 99.71% of the stock is owned by hedge funds and other institutional investors.

Digital Realty Trust Trading Down 0.9 %

Digital Realty Trust stock opened at $160.31 on Wednesday. Digital Realty Trust, Inc. has a one year low of $113.94 and a one year high of $165.17. The stock has a market cap of $50.09 billion, a PE ratio of 44.53, a price-to-earnings-growth ratio of 5.14 and a beta of 0.60. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.78 and a current ratio of 1.78. The stock has a 50-day moving average of $152.79 and a two-hundred day moving average of $148.08.

Digital Realty Trust (NYSE:DLR) last released its 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). Digital Realty Trust had a return on equity of 5.93% and a net margin of 20.58%. The company had revenue of $1.36 billion during the quarter, compared to analyst estimates of $1.38 billion. During the same quarter last year, the business earned $1.68 earnings per share. The firm’s revenue for the quarter was down .7% on a year-over-year basis. On average, research analysts anticipate that Digital Realty Trust, Inc. will post 6.65 EPS for the current fiscal year.

Digital Realty Trust Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, September 13th were given a $1.22 dividend. This represents a $4.88 annualized dividend and a dividend yield of 3.04%. The ex-dividend date was Friday, September 13th. Digital Realty Trust’s payout ratio is 135.56%.

Insider Buying and Selling

In other news, Director Jean F. H. P. Mandeville sold 600 shares of the stock in a transaction dated Thursday, August 1st. The stock was 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 $1,360,604.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.17% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

DLR has been the subject of a number of research analyst reports. Mizuho assumed coverage on shares of Digital Realty Trust in a report on Thursday, July 11th. They set an “outperform” rating and a $170.00 price objective for the company. Argus downgraded shares of Digital Realty Trust from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Barclays increased their price objective 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 lifted their target price on Digital Realty Trust from $160.00 to $168.00 and gave the company a “buy” rating in a research report on Tuesday, August 13th. Finally, BMO Capital Markets raised Digital Realty Trust from a “market perform” rating to an “outperform” rating and increased their price target for the stock from $144.00 to $170.00 in a research report on Wednesday, June 26th. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Digital Realty Trust has a consensus rating of “Hold” and a consensus price target of $154.28.

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.