Today, Digital Realty Trust Inc. (DLR) Stake Raised by State Treasurer State of Michigan

Today, Digital Realty Trust Inc. (DLR) Stake Raised by State Treasurer State of Michigan

State Treasurer State of Michigan boosted its position in Digital Realty Trust Inc. (NYSE:DLR) by 0.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 51,300 shares of the real estate investment trust’s stock after buying an additional 300 shares during the period. State Treasurer State of Michigan’s holdings in Digital Realty Trust were worth $4,982,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the company. Ladenburg Thalmann Financial Services Inc. increased its stake in shares of Digital Realty Trust by 57.7% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 16,677 shares of the real estate investment trust’s stock worth $1,476,000 after buying an additional 6,105 shares during the last quarter. First Financial Bank N.A. Trust Division bought a new position in Digital Realty Trust during the second quarter worth $234,000. NEXT Financial Group Inc increased its position in Digital Realty Trust by 21.9% in the second quarter. NEXT Financial Group Inc now owns 2,875 shares of the real estate investment trust’s stock worth $313,000 after buying an additional 517 shares in the last quarter. British Columbia Investment Management Corp increased its position in Digital Realty Trust by 20.7% in the second quarter. British Columbia Investment Management Corp now owns 110,710 shares of the real estate investment trust’s stock worth $12,066,000 after buying an additional 18,953 shares in the last quarter. Finally, DNB Asset Management AS increased its position in Digital Realty Trust by 2.6% in the second quarter. DNB Asset Management AS now owns 11,621 shares of the real estate investment trust’s stock worth $1,267,000 after buying an additional 300 shares in the last quarter.

Shares of Digital Realty Trust Inc. (NYSE:DLR) opened at 90.95 on Friday. The stock has a market cap of $14.46 billion, a PE ratio of 62.68 and a beta of 0.14. Digital Realty Trust Inc. has a 52-week low of $69.00 and a 52-week high of $113.21. The stock’s 50 day moving average is $92.19 and its 200 day moving average is $98.40.

Digital Realty Trust (NYSE:DLR) last announced its earnings results on Thursday, October 27th. The real estate investment trust reported $1.44 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.44. The company earned $546.30 million during the quarter, compared to analyst estimates of $538.82 million. Digital Realty Trust had a net margin of 15.25% and a return on equity of 9.81%. The firm’s quarterly revenue was up 25.3% compared to the same quarter last year. During the same period in the previous year, the business posted $1.28 earnings per share. Equities research analysts forecast that Digital Realty Trust Inc. will post $5.71 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 13th. Investors of record on Thursday, December 15th will be given a dividend of $0.88 per share. The ex-dividend date is Tuesday, December 13th. This represents a $3.52 annualized dividend and a yield of 3.87%. Digital Realty Trust’s dividend payout ratio (DPR) is 246.15%.

A number of research firms have recently weighed in on DLR. TheStreet raised shares of Digital Realty Trust from a “hold” rating to a “buy” rating in a research report on Thursday, October 27th. Jefferies Group reissued a “hold” rating on shares of Digital Realty Trust in a research report on Tuesday, August 23rd. Deutsche Bank AG reissued a “buy” rating on shares of Digital Realty Trust in a research report on Friday, October 28th. Royal Bank Of Canada increased their target price on shares of Digital Realty Trust from $105.00 to $120.00 and gave the company an “outperform” rating in a research report on Thursday, August 4th. Finally, Zacks Investment Research raised shares of Digital Realty Trust from a “hold” rating to a “buy” rating and set a $108.00 target price for the company in a research report on Thursday, October 20th. Six analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $106.00.

In related news, insider Edward F. Sham sold 14,701 shares of the business’s stock in a transaction that occurred on Thursday, September 15th. The shares were sold at an average price of $92.50, for a total transaction of $1,359,842.50. Following the completion of the sale, the insider now directly owns 19,039 shares in the company, valued at $1,761,107.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Joshua A. Mills sold 4,519 shares of the business’s stock in a transaction that occurred on Friday, September 16th. The shares were sold at an average price of $92.22, for a total transaction of $416,742.18. Following the sale, the senior vice president now owns 8,685 shares of the company’s stock, valued at $800,930.70. The disclosure for this sale can be found here. Corporate insiders own 0.29% of the company’s stock.

About Digital Realty Trust

Digital Realty Trust, Inc is a real estate investment trust (REIT). The Company owns, acquires, develops and manages technology-related real estate. The Company is focused on providing data center and colocation solutions for domestic and international tenants across a range of industry verticals ranging from financial services, cloud and information technology services, to manufacturing, energy, healthcare and consumer products.

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