DNB Asset Management AS Has $9.43 Million Holdings in Digital Realty Trust, Inc. (NYSE:DLR)

DNB Asset Management AS lifted its holdings in Digital Realty Trust, Inc. (NYSE:DLR) by 8.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 62,043 shares of the real estate investment trust’s stock after acquiring an additional 4,713 shares during the quarter. DNB Asset Management AS’s holdings in Digital Realty Trust were worth $9,434,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of DLR. Gladstone Institutional Advisory LLC raised its position in shares of Digital Realty Trust by 1.2% during the 4th quarter. Gladstone Institutional Advisory LLC now owns 6,301 shares of the real estate investment trust’s stock valued at $848,000 after acquiring an additional 72 shares during the last quarter. CENTRAL TRUST Co grew its holdings in shares of Digital Realty Trust by 13.6% in the 1st quarter. CENTRAL TRUST Co now owns 700 shares of the real estate investment trust’s stock valued at $101,000 after buying an additional 84 shares during the period. Benedict Financial Advisors Inc. grew its holdings in shares of Digital Realty Trust by 0.5% in the 1st quarter. Benedict Financial Advisors Inc. now owns 18,207 shares of the real estate investment trust’s stock valued at $2,623,000 after buying an additional 84 shares during the period. Taylor Frigon Capital Management LLC grew its holdings in shares of Digital Realty Trust by 0.6% in the 1st quarter. Taylor Frigon Capital Management LLC now owns 15,211 shares of the real estate investment trust’s stock valued at $2,191,000 after buying an additional 87 shares during the period. Finally, Global Retirement Partners LLC grew its holdings in shares of Digital Realty Trust by 13.9% in the 1st quarter. Global Retirement Partners LLC now owns 813 shares of the real estate investment trust’s stock valued at $117,000 after buying an additional 99 shares during the period. 99.71% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

DLR has been the subject of a number of research analyst reports. Deutsche Bank Aktiengesellschaft upped their target price on shares of Digital Realty Trust from $143.00 to $145.00 and gave the stock a “hold” rating in a research note on Thursday, May 30th. TD Cowen reduced their target price on shares of Digital Realty Trust from $122.00 to $120.00 and set a “hold” rating for the company in a research note on Friday, July 26th. HSBC increased their price objective on shares of Digital Realty Trust from $115.00 to $118.00 and gave the stock a “reduce” rating in a research note on Friday, May 3rd. Stifel Nicolaus increased their price objective on shares of Digital Realty Trust from $165.00 to $175.00 and gave the stock a “buy” rating in a research note on Friday, July 12th. Finally, JPMorgan Chase & Co. upgraded shares of Digital Realty Trust from a “neutral” rating to an “overweight” rating and increased their price objective for the stock from $150.00 to $175.00 in a research note on Friday, June 28th. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $153.44.

Insider Activity

In other news, Director Jean F. H. P. Mandeville sold 600 shares of the firm’s stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $150.26, for a total transaction of $90,156.00. Following the sale, the director now owns 9,055 shares in the company, valued at approximately $1,360,604.30. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 0.17% of the company’s stock.

Digital Realty Trust Stock Performance

Shares of NYSE DLR traded up $4.16 during midday trading on Tuesday, hitting $148.63. The company’s stock had a trading volume of 1,377,388 shares, compared to its average volume of 1,919,364. The stock has a fifty day moving average price of $150.18 and a 200 day moving average price of $145.05. Digital Realty Trust, Inc. has a one year low of $113.94 and a one year high of $162.58. The company has a current ratio of 1.78, a quick ratio of 1.29 and a debt-to-equity ratio of 0.81. The firm has a market capitalization of $46.44 billion, a price-to-earnings ratio of 41.49, a P/E/G ratio of 10.97 and a beta of 0.59.

Digital Realty Trust (NYSE:DLR) last posted its earnings results on Thursday, July 25th. The real estate investment trust reported $0.20 earnings per share (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 firm had revenue of $1.36 billion during the quarter, compared to analysts’ expectations of $1.38 billion. During the same quarter in the prior year, the company earned $1.68 earnings per share. The business’s revenue for the quarter was down .7% compared to the same quarter last year. On average, research analysts forecast that Digital Realty Trust, Inc. will post 6.67 EPS for the current fiscal year.

Digital Realty Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, June 14th were given a dividend of $1.22 per share. This represents a $4.88 annualized dividend and a dividend yield of 3.28%. The ex-dividend date of this dividend was Friday, June 14th. Digital Realty Trust’s dividend payout ratio (DPR) is currently 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.