Fielder Capital Group LLC Takes $3.80 Million Position in Digital Realty Trust, Inc. (NYSE:DLR)

Fielder Capital Group LLC purchased a new stake in shares of Digital Realty Trust, Inc. (NYSE:DLR - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 24,966 shares of the real estate investment trust's stock, valued at approximately $3,796,000. Digital Realty Trust comprises approximately 1.5% of Fielder Capital Group LLC's holdings, making the stock its 18th largest holding.

Other hedge funds and other institutional investors have also made changes to their positions in the company. JPL Wealth Management LLC grew its position in Digital Realty Trust by 3.2% in the 2nd quarter. JPL Wealth Management LLC now owns 14,772 shares of the real estate investment trust's stock valued at $2,246,000 after buying an additional 454 shares in the last quarter. Aptus Capital Advisors LLC boosted its holdings in shares of Digital Realty Trust by 31.2% in the second quarter. Aptus Capital Advisors LLC now owns 52,836 shares of the real estate investment trust's stock valued at $8,034,000 after acquiring an additional 12,575 shares in the last quarter. Farther Finance Advisors LLC increased its stake in shares of Digital Realty Trust by 9.5% during the second quarter. Farther Finance Advisors LLC now owns 1,746 shares of the real estate investment trust's stock valued at $266,000 after acquiring an additional 152 shares during the period. Nicola Wealth Management LTD. raised its holdings in Digital Realty Trust by 4.9% during the second quarter. Nicola Wealth Management LTD. now owns 18,202 shares of the real estate investment trust's stock worth $2,768,000 after purchasing an additional 850 shares in the last quarter. Finally, Graypoint LLC lifted its position in Digital Realty Trust by 22.3% in the second quarter. Graypoint LLC now owns 2,243 shares of the real estate investment trust's stock worth $341,000 after purchasing an additional 409 shares during the period. 99.71% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

DLR has been the topic of several recent research reports. The Goldman Sachs Group initiated coverage on shares of Digital Realty Trust in a research report on Monday, July 1st. They issued a "buy" rating and a $175.00 price target on the stock. TD Cowen decreased their price target on Digital Realty Trust from $122.00 to $120.00 and set a "hold" rating for the company in a research report on Friday, July 26th. Barclays boosted their price objective on Digital Realty Trust from $123.00 to $130.00 and gave the stock an "underweight" rating in a report on Wednesday, July 24th. JPMorgan Chase & Co. raised shares of Digital Realty Trust from a "neutral" rating to an "overweight" rating and lifted their target price for the stock from $150.00 to $175.00 in a research report on Friday, June 28th. Finally, Wells Fargo & Company boosted their target price on shares of Digital Realty Trust from $155.00 to $170.00 and gave the company an "overweight" rating in a research note on Tuesday, July 23rd. Three equities research analysts have rated the stock with a sell rating, seven have issued 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.com, the stock has an average rating of "Hold" and a consensus price target of $154.00.

Digital Realty Trust Stock Up 1.4 %

NYSE DLR traded up $2.11 during trading on Friday, reaching $151.61. The company's stock had a trading volume of 3,050,948 shares, compared to its average volume of 1,284,833. The business has a 50-day moving average price of $151.21 and a 200-day moving average price of $145.95. Digital Realty Trust, Inc. has a 1-year low of $113.94 and a 1-year high of $162.58. The stock has a market capitalization of $49.64 billion, a PE ratio of 42.11, a PEG ratio of 4.84 and a beta of 0.59. The company has a current ratio of 1.78, a quick ratio of 1.78 and a debt-to-equity ratio of 0.81.

Digital Realty Trust (NYSE:DLR - Get Free Report) last released its quarterly earnings data on Thursday, July 25th. The real estate investment trust reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.63 by ($1.43). The business had revenue of $1.36 billion during 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 revenue for the quarter was down .7% on a year-over-year basis. During the same period in the previous year, the firm posted $1.68 EPS. On average, research analysts forecast that Digital Realty Trust, Inc. will post 6.65 earnings per share for the current fiscal year.

Digital Realty Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 13th will be paid a $1.22 dividend. This represents a $4.88 dividend on an annualized basis and a dividend yield of 3.22%. The ex-dividend date is Friday, September 13th. Digital Realty Trust's payout ratio is 135.56%.

Insider Buying and Selling

In other news, Director Jean F. H. P. Mandeville sold 600 shares of the firm'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 directly owns 9,055 shares of the company's stock, valued at $1,360,604.30. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 0.17% of the company's stock.

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.