Todays Report: Today, Wealth Enhancement Advisory Services LLC Acquires New Stake in Digital Realty Trust Inc. (DLR)

Today, Wealth Enhancement Advisory Services LLC Acquires New Stake in Digital Realty Trust Inc. (DLR)

Wealth Enhancement Advisory Services LLC acquired a new position in shares of Digital Realty Trust Inc. (NYSE:DLR) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 12,336 shares of the real estate investment trust’s stock, valued at approximately $1,345,000.

Other large investors have also recently bought and sold shares of the company. Trust Co. of Vermont raised its position in shares of Digital Realty Trust by 0.8% in the second quarter. Trust Co. of Vermont now owns 6,557 shares of the real estate investment trust’s stock valued at $715,000 after buying an additional 51 shares in the last quarter. Trust Co. of Toledo NA OH raised its position in shares of Digital Realty Trust by 0.5% in the second quarter. Trust Co. of Toledo NA OH now owns 18,723 shares of the real estate investment trust’s stock valued at $2,040,000 after buying an additional 84 shares in the last quarter. IBM Retirement Fund increased its position in Digital Realty Trust by 1.4% in the second quarter. IBM Retirement Fund now owns 17,418 shares of the real estate investment trust’s stock valued at $1,982,000 after buying an additional 246 shares during the last quarter. Boston Advisors LLC increased its position in Digital Realty Trust by 7.0% in the second quarter. Boston Advisors LLC now owns 4,060 shares of the real estate investment trust’s stock valued at $442,000 after buying an additional 265 shares during 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 valued at $1,267,000 after buying an additional 300 shares during the last quarter.

Shares of Digital Realty Trust Inc. (NYSE:DLR) traded up 2.17% during trading on Tuesday, reaching $97.00. 225,822 shares of the company’s stock were exchanged. Digital Realty Trust Inc. has a 12 month low of $69.00 and a 12 month high of $113.21. The stock has a 50-day moving average price of $95.86 and a 200 day moving average price of $97.90. The firm has a market cap of $14.25 billion, a price-to-earnings ratio of 215.56 and a beta of 0.28.

Digital Realty Trust (NYSE:DLR) last posted its quarterly earnings results on Thursday, July 28th. The real estate investment trust reported $1.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.38 by $0.04. The firm earned $514.90 million during the quarter, compared to analyst estimates of $507.72 million. Digital Realty Trust had a return on equity of 5.02% and a net margin of 7.82%. Digital Realty Trust’s quarterly revenue was up 22.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.30 EPS. On average, analysts forecast that Digital Realty Trust Inc. will post $5.71 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, September 30th. Stockholders of record on Thursday, September 15th were given a $0.88 dividend. This represents a $3.52 annualized dividend and a dividend yield of 3.71%. The ex-dividend date was Tuesday, September 13th. Digital Realty Trust’s dividend payout ratio is presently 765.22%.

Several research firms have weighed in on DLR. KeyCorp restated a “buy” rating and set a $121.00 price objective on shares of Digital Realty Trust in a report on Friday, July 29th. Jefferies Group downgraded shares of Digital Realty Trust from a “buy” rating to a “hold” rating and upped their price objective for the stock from $108.00 to $115.00 in a report on Tuesday, July 19th. Citigroup Inc. lowered their price objective on shares of Digital Realty Trust from $108.00 to $91.00 and set a “neutral” rating on the stock in a report on Thursday, July 7th. Royal Bank Of Canada upped their price objective on shares of Digital Realty Trust from $105.00 to $120.00 and gave the stock an “outperform” rating in a report on Thursday, August 4th. Finally, Cowen and Company downgraded shares of Digital Realty Trust from an “outperform” rating to a “market perform” rating in a report on Friday, July 29th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and ten have assigned a buy rating to the company’s stock. Digital Realty Trust currently has an average rating of “Hold” and an average price target of $100.18.

In other news, SVP Joshua A. Mills sold 4,519 shares of Digital Realty Trust stock in a transaction dated Friday, September 16th. The stock was sold at an average price of $92.22, for a total value of $416,742.18. Following the completion of the transaction, the senior vice president now owns 8,685 shares of the company’s stock, valued at approximately $800,930.70. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Edward F. Sham sold 14,701 shares of Digital Realty Trust stock in a transaction dated Thursday, September 15th. The stock was sold at an average price of $92.50, for a total value of $1,359,842.50. Following the completion of the transaction, the insider now directly owns 19,039 shares of the company’s stock, valued at approximately $1,761,107.50. The disclosure for this sale can be found here. 0.29% of the stock is owned by insiders.

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.

Related posts

Leave a Comment