Global X Japan Co. Ltd. Takes Position in Digital Realty Trust, Inc. (NYSE:DLR)

Global X Japan Co. Ltd. bought a new stake in Digital Realty Trust, Inc. (NYSE:DLR) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 773 shares of the real estate investment trust’s stock, valued at approximately $118,000.

A number of other large investors have also modified their holdings of the stock. Vanguard Group Inc. grew its stake in shares of Digital Realty Trust by 2.0% in the first 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 in the last quarter. Norges Bank acquired a new stake in shares of Digital Realty Trust in the fourth quarter valued at about $2,141,890,000. Canada Pension Plan Investment Board grew its stake in shares of Digital Realty Trust by 4.0% in the first quarter. Canada Pension Plan Investment Board now owns 4,680,249 shares of the real estate investment trust’s stock valued at $674,143,000 after buying an additional 182,100 shares in the last quarter. Centersquare Investment Management LLC grew its stake in shares of Digital Realty Trust by 1.3% in the first quarter. Centersquare Investment Management LLC now owns 2,600,217 shares of the real estate investment trust’s stock valued at $360,858,000 after buying an additional 34,516 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its stake in shares of Digital Realty Trust by 2.7% in the second quarter. Bank of New York Mellon Corp now owns 2,351,319 shares of the real estate investment trust’s stock valued at $357,518,000 after buying an additional 60,821 shares in the last quarter. Institutional investors and hedge funds own 99.71% of the company’s stock.

Insider Activity at Digital Realty Trust

In related news, Director Jean F. H. P. Mandeville sold 600 shares of the firm’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 value of $90,156.00. Following the sale, the director now directly owns 9,055 shares in the company, valued at approximately $1,360,604.30. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.17% of the stock is owned by insiders.

Digital Realty Trust Stock Up 5.0 %

Shares of Digital Realty Trust stock opened at $156.76 on Wednesday. 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’s 50 day simple moving average is $151.38 and its 200-day simple moving average is $146.59. The stock has a market capitalization of $48.98 billion, a price-to-earnings ratio of 43.54, a PEG ratio of 4.73 and a beta of 0.60. Digital Realty Trust, Inc. has a twelve month low of $113.94 and a twelve month high of $162.58.

Digital Realty Trust (NYSE:DLR) last announced its quarterly earnings results 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). The company had revenue of $1.36 billion for the quarter, compared to analyst estimates of $1.38 billion. Digital Realty Trust had a return on equity of 5.93% and a net margin of 20.58%. The firm’s revenue for the quarter was down .7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.68 earnings per share. Equities research analysts forecast that Digital Realty Trust, Inc. will post 6.65 earnings per share for the current year.

Digital Realty Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 13th will be given a $1.22 dividend. This represents a $4.88 annualized dividend and a yield of 3.11%. The ex-dividend date is Friday, September 13th. Digital Realty Trust’s dividend payout ratio is currently 135.56%.

Analysts Set New Price Targets

A number of research analysts recently commented on DLR shares. JPMorgan Chase & Co. raised Digital Realty Trust from a “neutral” rating to an “overweight” rating and increased their price target for the company from $150.00 to $175.00 in a report on Friday, June 28th. Deutsche Bank Aktiengesellschaft increased their price target on Digital Realty Trust from $143.00 to $145.00 and gave the company a “hold” rating in a report on Thursday, May 30th. Barclays increased their price target on Digital Realty Trust from $123.00 to $130.00 and gave the company an “underweight” rating in a report on Wednesday, July 24th. BMO Capital Markets raised Digital Realty Trust from a “market perform” rating to an “outperform” rating and increased their price target for the company from $144.00 to $170.00 in a report on Wednesday, June 26th. Finally, Stifel Nicolaus increased their price target on Digital Realty Trust from $165.00 to $175.00 and gave the company a “buy” rating in a report on Friday, July 12th. Three analysts have rated the stock with a sell rating, seven have given a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company 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.