Wright Investors Service Inc. Invests $813,000 in Digital Realty Trust, Inc. (NYSE:DLR)

Wright Investors Service Inc. purchased a new stake in shares of Digital Realty Trust, Inc. (NYSE:DLR - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 5,345 shares of the real estate investment trust's stock, valued at approximately $813,000.

A number of other large investors have also added to or reduced their stakes in DLR. Norges Bank purchased a new stake in shares of Digital Realty Trust during the 4th quarter worth approximately $2,141,890,000. Vanguard Group Inc. increased its position in Digital Realty Trust by 2.0% in the first quarter. Vanguard Group Inc. now owns 48,503,593 shares of the real estate investment trust's stock worth $6,986,458,000 after buying an additional 951,567 shares during the last quarter. Balyasny Asset Management L.P. bought a new stake in shares of Digital Realty Trust in the fourth quarter valued at $107,372,000. Kodai Capital Management LP purchased a new position in shares of Digital Realty Trust during the 4th quarter valued at $59,087,000. Finally, UBS Group AG lifted its position in shares of Digital Realty Trust by 45.6% during the 4th quarter. UBS Group AG now owns 784,048 shares of the real estate investment trust's stock valued at $105,517,000 after buying an additional 245,554 shares during the last quarter. Hedge funds and other institutional investors own 99.71% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on DLR shares. Argus cut Digital Realty Trust from a "buy" rating to a "hold" rating in a research note on Thursday, August 1st. BMO Capital Markets upgraded Digital Realty Trust from a "market perform" rating to an "outperform" rating and lifted their price target for the company from $144.00 to $170.00 in a research report on Wednesday, June 26th. Stifel Nicolaus increased their price objective on Digital Realty Trust from $165.00 to $175.00 and gave the stock a "buy" rating in a report on Friday, July 12th. HSBC raised their target price on Digital Realty Trust from $115.00 to $118.00 and gave the stock a "reduce" rating in a research note on Friday, May 3rd. Finally, JPMorgan Chase & Co. raised shares of Digital Realty Trust from a "neutral" rating to an "overweight" rating and boosted their price objective for the company from $150.00 to $175.00 in a research note on Friday, June 28th. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, Digital Realty Trust presently 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 Digital Realty Trust stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $150.26, for a total transaction of $90,156.00. Following the completion of the transaction, the director now owns 9,055 shares in the company, valued at $1,360,604.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.17% of the company's stock.

Digital Realty Trust Stock Down 0.3 %

Digital Realty Trust stock traded down $0.50 during trading hours on Wednesday, hitting $150.11. 1,082,424 shares of the stock traded hands, compared to its average volume of 1,850,068. Digital Realty Trust, Inc. has a one year low of $113.94 and a one year high of $162.58. The firm's 50-day moving average price is $151.10 and its two-hundred day moving average price is $145.81. 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 company has a market cap of $46.90 billion, a PE ratio of 41.70, a PEG ratio of 10.97 and a beta of 0.59.

Digital Realty Trust (NYSE:DLR - Get Free Report) last announced its earnings results 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). The business had revenue of $1.36 billion for the quarter, compared to the consensus estimate of $1.38 billion. Digital Realty Trust had a net margin of 20.58% and a return on equity of 5.93%. The business's quarterly revenue was down .7% on a year-over-year basis. During the same quarter last year, the firm posted $1.68 EPS. On average, research analysts forecast that Digital Realty Trust, Inc. will post 6.67 EPS for the current year.

Digital Realty Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 13th will be issued a dividend of $1.22 per share. The ex-dividend date of this dividend is Friday, September 13th. This represents a $4.88 annualized dividend and a dividend yield of 3.25%. Digital Realty Trust's payout ratio is 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.

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