Digital Realty Trust, Inc. (NYSE:DLR) Shares Sold by Sumitomo Mitsui Trust Holdings Inc.

Sumitomo Mitsui Trust Holdings Inc. lessened its stake in Digital Realty Trust, Inc. (NYSE:DLR) by 3.4% during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,574,632 shares of the real estate investment trust’s stock after selling 55,077 shares during the quarter. Sumitomo Mitsui Trust Holdings Inc. owned approximately 0.50% of Digital Realty Trust worth $239,423,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Gilman Hill Asset Management LLC boosted its holdings in shares of Digital Realty Trust by 1.1% during the 2nd quarter. Gilman Hill Asset Management LLC now owns 6,179 shares of the real estate investment trust’s stock worth $940,000 after buying an additional 65 shares during the period. Gladstone Institutional Advisory LLC grew its position in shares of Digital Realty Trust by 1.2% in the fourth quarter. Gladstone Institutional Advisory LLC now owns 6,301 shares of the real estate investment trust’s stock valued at $848,000 after purchasing an additional 72 shares during the last quarter. Gradient Investments LLC increased its stake in shares of Digital Realty Trust by 75.2% in the second quarter. Gradient Investments LLC now owns 177 shares of the real estate investment trust’s stock worth $27,000 after purchasing an additional 76 shares during the period. CHICAGO TRUST Co NA boosted its stake in Digital Realty Trust by 5.1% during the 2nd quarter. CHICAGO TRUST Co NA now owns 1,713 shares of the real estate investment trust’s stock valued at $260,000 after purchasing an additional 83 shares during the period. Finally, CENTRAL TRUST Co grew its holdings in 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 last quarter. Institutional investors own 99.71% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. UBS Group increased their price objective on Digital Realty Trust from $143.00 to $147.00 and gave the company a “neutral” rating in a research report on Friday, May 3rd. Royal Bank of Canada lifted their price target on shares of Digital Realty Trust from $144.00 to $160.00 and gave the stock an “outperform” rating in a research note on Monday, June 3rd. BMO Capital Markets raised shares of Digital Realty Trust from a “market perform” rating to an “outperform” rating and upped their target price for the company from $144.00 to $170.00 in a research note on Wednesday, June 26th. Mizuho started coverage on shares of Digital Realty Trust in a research note on Thursday, July 11th. They set an “outperform” rating and a $170.00 price target for the company. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on Digital Realty Trust from $143.00 to $145.00 and gave the company a “hold” rating in a research note on Thursday, May 30th. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $154.00.

Insider Transactions at Digital Realty Trust

In other Digital Realty Trust news, Director Jean F. H. P. Mandeville sold 600 shares of the business’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 completion of the transaction, the director now directly owns 9,055 shares of the company’s stock, valued at $1,360,604.30. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.17% of the company’s stock.

Digital Realty Trust Trading Down 0.2 %

DLR traded down $0.26 during trading on Friday, reaching $149.60. 1,257,764 shares of the company’s stock were exchanged, compared to its average volume of 1,883,623. The company’s fifty day moving average price is $151.00 and its 200-day moving average price is $145.53. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.29 and a current ratio of 1.78. The firm has a market capitalization of $46.74 billion, a PE ratio of 41.56, a P/E/G ratio of 10.97 and a beta of 0.59. Digital Realty Trust, Inc. has a fifty-two week low of $113.94 and a fifty-two week high of $162.58.

Digital Realty Trust (NYSE:DLR) last released its quarterly earnings data 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 net margin of 20.58% and a return on equity of 5.93%. 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 company posted $1.68 EPS. The company’s revenue for the quarter was down .7% compared to the same quarter last year. As a group, equities analysts forecast that Digital Realty Trust, Inc. will post 6.67 EPS for the current year.

Digital Realty Trust Announces Dividend

The company also recently announced 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 yield of 3.26%. Digital Realty Trust’s dividend payout ratio (DPR) is presently 135.56%.

Digital Realty Trust Company 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.