Ninepoint Partners LP Acquires 200 Shares of Digital Realty Trust, Inc. (NYSE:DLR)

Ninepoint Partners LP lifted its position in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 2.5% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,156 shares of the real estate investment trust’s stock after purchasing an additional 200 shares during the quarter. Ninepoint Partners LP’s holdings in Digital Realty Trust were worth $1,240,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. raised its position in shares of Digital Realty Trust by 2.0% during the first quarter. Vanguard Group Inc. now owns 48,503,593 shares of the real estate investment trust’s stock worth $6,986,458,000 after purchasing an additional 951,567 shares during the period. Canada Pension Plan Investment Board raised its position in shares of Digital Realty Trust by 3.1% during the second quarter. Canada Pension Plan Investment Board now owns 4,826,432 shares of the real estate investment trust’s stock worth $733,859,000 after purchasing an additional 146,183 shares during the period. Legal & General Group Plc raised its position in shares of Digital Realty Trust by 2.8% during the second quarter. Legal & General Group Plc now owns 4,730,168 shares of the real estate investment trust’s stock worth $719,222,000 after purchasing an additional 129,799 shares during the period. Daiwa Securities Group Inc. raised its position in shares of Digital Realty Trust by 16.8% during the second quarter. Daiwa Securities Group Inc. now owns 4,725,971 shares of the real estate investment trust’s stock worth $718,584,000 after purchasing an additional 678,165 shares during the period. Finally, Dimensional Fund Advisors LP raised its position in shares of Digital Realty Trust by 5.3% during the second quarter. Dimensional Fund Advisors LP now owns 4,541,327 shares of the real estate investment trust’s stock worth $690,498,000 after purchasing an additional 228,585 shares during the period. 99.71% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

DLR has been the topic of a number of research reports. 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 report on Tuesday, July 23rd. Royal Bank of Canada increased their price target on Digital Realty Trust from $144.00 to $160.00 and gave the company an “outperform” rating in a research report on Monday, June 3rd. Mizuho initiated coverage on Digital Realty Trust in a research report on Thursday, July 11th. They issued an “outperform” rating and a $170.00 price target for the company. TD Cowen lowered 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. Finally, 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 research report on Friday, June 28th. Three research analysts have rated the stock with a sell rating, seven have given a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $154.00.

Digital Realty Trust Stock Down 0.6 %

Shares of NYSE DLR opened at $161.14 on Friday. Digital Realty Trust, Inc. has a 52 week low of $113.94 and a 52 week high of $165.17. The business has a 50-day simple moving average of $152.44 and a two-hundred day simple moving average of $147.67. The company has a quick ratio of 1.78, a current ratio of 1.78 and a debt-to-equity ratio of 0.81. The company has a market cap of $50.34 billion, a P/E ratio of 44.76, a P/E/G ratio of 5.14 and a beta of 0.60.

Digital Realty Trust (NYSE:DLR) last issued its 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). 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 quarter in the prior year, the business earned $1.68 EPS. The firm’s revenue for the quarter was down .7% compared to the same quarter last year. Research analysts anticipate that Digital Realty Trust, Inc. will post 6.65 earnings per share for the current fiscal year.

Digital Realty Trust Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 13th will be issued a $1.22 dividend. The ex-dividend date of this dividend is Friday, September 13th. This represents a $4.88 annualized dividend and a dividend yield of 3.03%. Digital Realty Trust’s payout ratio is currently 135.56%.

Insider Buying and Selling at Digital Realty Trust

In other Digital Realty Trust news, Director Jean F. H. P. Mandeville sold 600 shares of the firm’s 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 sale, the director now 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 SEC, which is accessible through this hyperlink. Insiders own 0.17% of the company’s stock.

About Digital Realty Trust

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.