Zurcher Kantonalbank Zurich Cantonalbank Buys 11,842 Shares of Digital Realty Trust, Inc. (NYSE:DLR)

Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 5.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 212,848 shares of the real estate investment trust's stock after acquiring an additional 11,842 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank owned 0.07% of Digital Realty Trust worth $32,364,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. International Assets Investment Management LLC purchased a new position in Digital Realty Trust during the 4th quarter worth $21,101,000. Atria Wealth Solutions Inc. lifted its stake in Digital Realty Trust by 33.3% in the fourth quarter. Atria Wealth Solutions Inc. now owns 14,392 shares of the real estate investment trust's stock worth $1,938,000 after acquiring an additional 3,599 shares during the period. Syon Capital LLC bought a new position in Digital Realty Trust during the 4th quarter worth about $225,000. Bank Julius Baer & Co. Ltd Zurich increased its position in Digital Realty Trust by 196.1% during the 4th quarter. Bank Julius Baer & Co. Ltd Zurich now owns 900 shares of the real estate investment trust's stock valued at $121,000 after purchasing an additional 596 shares during the period. Finally, Kovack Advisors Inc. raised its holdings in shares of Digital Realty Trust by 4.1% in the 4th quarter. Kovack Advisors Inc. now owns 2,784 shares of the real estate investment trust's stock valued at $375,000 after purchasing an additional 109 shares in the last quarter. 99.71% of the stock is owned by hedge funds and other institutional investors.

Digital Realty Trust Stock Performance

DLR traded down $0.62 on Thursday, reaching $149.49. 1,148,079 shares of the stock were exchanged, compared to its average volume of 1,845,867. 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 company's 50-day moving average price is $151.11 and its 200 day moving average price is $145.84. The firm has a market capitalization of $46.70 billion, a PE ratio of 41.53, a PEG 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 - 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 analysts' consensus estimates of $1.63 by ($1.43). Digital Realty Trust had a return on equity of 5.93% and a net margin of 20.58%. The firm had revenue of $1.36 billion for the quarter, compared to analyst estimates of $1.38 billion. During the same period last year, the firm earned $1.68 EPS. The company's revenue for the quarter was down .7% compared to the same quarter last year. As a group, sell-side analysts forecast that Digital Realty Trust, Inc. will post 6.67 EPS for the current fiscal year.

Digital Realty Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 13th will be given a dividend of $1.22 per share. The ex-dividend date of this dividend is Friday, September 13th. This represents a $4.88 dividend on an annualized basis and a yield of 3.26%. Digital Realty Trust's dividend payout ratio is presently 135.56%.

Insider Activity at Digital Realty Trust

In other news, Director Jean F. H. P. Mandeville sold 600 shares of the company'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 sale, 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. 0.17% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on DLR shares. Royal Bank of Canada increased their price objective on shares of Digital Realty Trust from $144.00 to $160.00 and gave the company an "outperform" rating in a research note on Monday, June 3rd. JPMorgan Chase & Co. upgraded Digital Realty Trust from a "neutral" rating to an "overweight" rating and lifted their price target for the company from $150.00 to $175.00 in a report on Friday, June 28th. The Goldman Sachs Group started coverage on Digital Realty Trust in a research note on Monday, July 1st. They set a "buy" rating and a $175.00 price objective for the company. Wells Fargo & Company lifted their target price on Digital Realty Trust from $155.00 to $170.00 and gave the company an "overweight" rating in a research note on Tuesday, July 23rd. Finally, UBS Group increased their price target on shares of Digital Realty Trust from $143.00 to $147.00 and gave the company a "neutral" rating in a research report on Friday, May 3rd. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $154.00.

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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