Ghisallo Capital Management LLC Takes Position in Digital Realty Trust, Inc. (NYSE:DLR)

Ghisallo Capital Management LLC bought a new stake in Digital Realty Trust, Inc. (NYSE:DLR) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 500,000 shares of the real estate investment trust’s stock, valued at approximately $76,025,000. Digital Realty Trust makes up approximately 4.8% of Ghisallo Capital Management LLC’s investment portfolio, making the stock its 6th biggest position.

A number of other large investors also recently modified their holdings of the stock. Meeder Asset Management Inc. purchased a new stake in shares of Digital Realty Trust during the second quarter valued at approximately $25,000. American Capital Advisory LLC purchased a new stake in shares of Digital Realty Trust during the second quarter valued at approximately $27,000. Private Ocean LLC purchased a new stake in shares of Digital Realty Trust during the second quarter valued at approximately $27,000. Gradient Investments LLC increased its position in shares of Digital Realty Trust by 75.2% during the second 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. Finally, Rise Advisors LLC increased its position in shares of Digital Realty Trust by 1,125.0% during the first quarter. Rise Advisors LLC now owns 196 shares of the real estate investment trust’s stock valued at $28,000 after acquiring an additional 180 shares during the last quarter. Institutional investors own 99.71% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently commented on DLR shares. TD Cowen decreased their price target on Digital Realty Trust from $122.00 to $120.00 and set a “hold” rating for the company in a research report on Friday, July 26th. JPMorgan Chase & Co. lifted their price objective on Digital Realty Trust from $175.00 to $180.00 and gave the company an “overweight” rating in a research note on Tuesday. Stifel Nicolaus lifted their price objective on Digital Realty Trust from $165.00 to $175.00 and gave the company a “buy” rating in a research note on Friday, July 12th. Wells Fargo & Company lifted their price target 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. Finally, BMO Capital Markets raised Digital Realty Trust from a “market perform” rating to an “outperform” rating and lifted their price target for the stock from $144.00 to $170.00 in a research note on Wednesday, June 26th. Three equities research analysts have rated the stock with a sell rating, seven 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, Digital Realty Trust currently has a consensus rating of “Hold” and a consensus target price of $154.28.

Digital Realty Trust Stock Down 0.9 %

DLR stock opened at $160.31 on Wednesday. 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 business’s 50 day moving average price is $152.79 and its two-hundred day moving average price is $148.08. Digital Realty Trust, Inc. has a fifty-two week low of $113.94 and a fifty-two week high of $165.17. The company has a market capitalization of $50.09 billion, a price-to-earnings ratio of 44.53, a price-to-earnings-growth ratio of 5.14 and a beta of 0.60.

Digital Realty Trust (NYSE:DLR) last issued 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). 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 the consensus estimate of $1.38 billion. During the same period in the prior year, the firm earned $1.68 earnings per share. The business’s revenue for the quarter was down .7% compared to the same quarter last year. As a group, analysts forecast 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 disclosed a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, September 13th were given a $1.22 dividend. The ex-dividend date was Friday, September 13th. This represents a $4.88 annualized dividend and a yield of 3.04%. Digital Realty Trust’s dividend payout ratio (DPR) is presently 135.56%.

Insider Activity at Digital Realty Trust

In related news, Director Jean F. H. P. Mandeville sold 600 shares of the company’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 transaction, the director now directly owns 9,055 shares of the company’s stock, valued at approximately $1,360,604.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.17% of the stock is currently owned by insiders.

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.