Rhumbline Advisers Acquires 39,534 Shares of Digital Realty Trust, Inc. (NYSE:DLR)

Rhumbline Advisers raised its stake in shares of Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 6.4% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 656,573 shares of the real estate investment trust's stock after buying an additional 39,534 shares during the quarter. Rhumbline Advisers owned about 0.21% of Digital Realty Trust worth $99,832,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of DLR. American Capital Advisory LLC bought a new position in shares of Digital Realty Trust during the 2nd quarter valued at about $27,000. Private Ocean LLC bought a new stake in Digital Realty Trust in the 2nd quarter valued at approximately $27,000. Gradient Investments LLC lifted its stake in Digital Realty Trust by 75.2% in the 2nd quarter. Gradient Investments LLC now owns 177 shares of the real estate investment trust's stock valued at $27,000 after acquiring an additional 76 shares in the last quarter. Rise Advisors LLC lifted its stake in Digital Realty Trust by 1,125.0% in the 1st 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. Finally, GoalVest Advisory LLC bought a new stake in Digital Realty Trust in the 1st quarter valued at approximately $29,000. 99.71% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Digital Realty Trust

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

Digital Realty Trust Stock Performance

NYSE DLR traded down $0.75 on Wednesday, reaching $149.04. The stock had a trading volume of 1,233,829 shares, compared to its average volume of 1,847,940. The firm has a fifty day moving average of $151.37 and a two-hundred day moving average of $146.09. The company has a market cap of $48.80 billion, a P/E ratio of 41.61, a price-to-earnings-growth ratio of 4.84 and a beta of 0.59. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.78 and a quick ratio of 1.78. Digital Realty Trust, Inc. has a 1-year low of $113.94 and a 1-year 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 earnings per share 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 for the quarter, compared to the consensus estimate of $1.38 billion. During the same quarter in the previous year, the company posted $1.68 earnings per share. The business's revenue was down .7% compared to the same quarter last year. On average, equities research analysts anticipate that Digital Realty Trust, Inc. will post 6.65 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 given 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 3.27%. Digital Realty Trust's dividend payout ratio is presently 135.56%.

Wall Street Analysts Forecast Growth

Several research firms have commented on DLR. Argus cut Digital Realty Trust from a "buy" rating to a "hold" rating in a research note on Thursday, August 1st. Truist Financial boosted their target price on Digital Realty Trust from $160.00 to $168.00 and gave the company a "buy" rating in a research note on Tuesday, August 13th. Wells Fargo & Company boosted their price target on Digital Realty Trust from $155.00 to $170.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 23rd. BMO Capital Markets raised Digital Realty Trust from a "market perform" rating to an "outperform" rating and boosted their price target for the stock from $144.00 to $170.00 in a research report on Wednesday, June 26th. Finally, Stifel Nicolaus boosted their price target on Digital Realty Trust from $165.00 to $175.00 and gave the stock a "buy" rating in a research report on Friday, July 12th. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Digital Realty Trust has an average rating of "Hold" and an average price target of $154.00.

About Digital Realty Trust

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.