Calamos Advisors LLC Sells 2,809 Shares of Digital Realty Trust, Inc. (NYSE:DLR)

Calamos Advisors LLC cut its stake in Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 3.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 76,946 shares of the real estate investment trust's stock after selling 2,809 shares during the quarter. Calamos Advisors LLC's holdings in Digital Realty Trust were worth $11,700,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of DLR. Gradient Investments LLC lifted its position in Digital Realty Trust by 75.2% during the 2nd quarter. Gradient Investments LLC now owns 177 shares of the real estate investment trust's stock worth $27,000 after acquiring an additional 76 shares in the last quarter. Rise Advisors LLC grew its stake in shares of Digital Realty Trust by 1,125.0% during the first quarter. Rise Advisors LLC now owns 196 shares of the real estate investment trust's stock valued at $28,000 after acquiring an additional 180 shares in the last quarter. GoalVest Advisory LLC purchased a new stake in shares of Digital Realty Trust during the first quarter worth about $29,000. Bfsg LLC acquired a new position in shares of Digital Realty Trust in the fourth quarter worth about $31,000. Finally, Future Financial Wealth Managment LLC acquired a new stake in Digital Realty Trust during the 1st quarter valued at approximately $34,000. Institutional investors and hedge funds own 99.71% of the company's stock.

Digital Realty Trust Stock Performance

Shares of DLR traded down $1.59 during trading hours on Monday, reaching $150.59. 925,382 shares of the company's stock traded hands, compared to its average volume of 1,859,382. Digital Realty Trust, Inc. has a twelve month low of $113.94 and a twelve month high of $162.58. The business's fifty day simple moving average is $151.05 and its two-hundred day simple moving average is $145.76. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.78 and a quick ratio of 1.29. The firm has a market capitalization of $47.05 billion, a price-to-earnings ratio of 41.83, a P/E/G ratio of 10.97 and a beta of 0.59.

Digital Realty Trust (NYSE:DLR - Get Free Report) last released 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). The company had revenue of $1.36 billion for the quarter, compared to analyst estimates of $1.38 billion. Digital Realty Trust had a net margin of 20.58% and a return on equity of 5.93%. The firm's quarterly revenue was down .7% on a year-over-year basis. During the same period in the previous year, the business posted $1.68 EPS. Analysts predict that Digital Realty Trust, Inc. will post 6.67 earnings per share 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. Investors of record on Friday, September 13th will be issued a dividend of $1.22 per share. This represents a $4.88 dividend on an annualized basis and a yield of 3.24%. The ex-dividend date of this dividend is Friday, September 13th. Digital Realty Trust's payout ratio is currently 135.56%.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on DLR. HSBC raised their price objective on shares of Digital Realty Trust from $115.00 to $118.00 and gave the stock a "reduce" rating in a report on Friday, May 3rd. Argus downgraded Digital Realty Trust from a "buy" rating to a "hold" rating in a research note on Thursday, August 1st. Mizuho assumed coverage on Digital Realty Trust in a research note on Thursday, July 11th. They set an "outperform" rating and a $170.00 price objective on the stock. Royal Bank of Canada lifted their target price on Digital Realty Trust from $144.00 to $160.00 and gave the stock an "outperform" rating in a research report on Monday, June 3rd. Finally, BMO Capital Markets upgraded Digital Realty Trust from a "market perform" rating to an "outperform" rating and raised their price objective for the stock from $144.00 to $170.00 in a research note on Wednesday, June 26th. 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 assigned a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $154.00.

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 company's stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $150.26, for a total value of $90,156.00. Following the transaction, the director now owns 9,055 shares of the company's stock, valued at $1,360,604.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.17% of the stock is owned by corporate insiders.

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.