Chase Investment Counsel Corp Invests $2.93 Million in Digital Realty Trust, Inc. (NYSE:DLR)

Chase Investment Counsel Corp bought a new stake in Digital Realty Trust, Inc. (NYSE:DLR - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 19,580 shares of the real estate investment trust's stock, valued at approximately $2,927,000.

Other large investors also recently made changes to their positions in the company. American Capital Advisory LLC bought a new stake in Digital Realty Trust in the 2nd quarter valued at about $27,000. Private Ocean LLC acquired a new stake in Digital Realty Trust during the second quarter worth approximately $27,000. Gradient Investments LLC increased its stake 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 during the period. Rise Advisors LLC raised its holdings 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 shares of Digital Realty Trust during the 1st quarter valued at $29,000. Institutional investors own 99.71% of the company's stock.

Insiders Place Their Bets

In other news, Director Jean F. H. P. Mandeville sold 600 shares of the stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $150.26, for a total transaction of $90,156.00. Following the completion of the sale, the director now directly owns 9,055 shares in the company, valued at $1,360,604.30. The transaction was disclosed in a filing with the SEC, which is available at this link. Company insiders own 0.17% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. JPMorgan Chase & Co. upgraded Digital Realty Trust from a "neutral" rating to an "overweight" rating and raised their price target for the stock from $150.00 to $175.00 in a research report on Friday, June 28th. TD Cowen dropped their target price on shares of 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. BMO Capital Markets upgraded shares of Digital Realty Trust from a "market perform" rating to an "outperform" rating and increased their price target for the stock from $144.00 to $170.00 in a research report on Wednesday, June 26th. Mizuho began coverage on shares of Digital Realty Trust in a research report on Thursday, July 11th. They set an "outperform" rating and a $170.00 price objective for the company. Finally, Barclays raised their target price on Digital Realty Trust from $123.00 to $130.00 and gave the company an "underweight" rating in a report on Wednesday, July 24th. Three research analysts have rated the stock with a sell rating, seven have given a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Digital Realty Trust currently has an average rating of "Hold" and a consensus target price of $154.00.

Digital Realty Trust Trading Up 0.6 %

DLR traded up $0.86 during trading on Thursday, reaching $149.95. 1,299,639 shares of the company's stock were exchanged, compared to its average volume of 1,844,732. The firm has a fifty day moving average price of $151.43 and a two-hundred day moving average price of $146.14. The stock has a market capitalization of $46.85 billion, a PE ratio of 41.65, a price-to-earnings-growth ratio of 4.84 and a beta of 0.60. Digital Realty Trust, Inc. has a one year low of $113.94 and a one year high of $162.58. 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 posted its quarterly earnings data 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 during the quarter, compared to analyst estimates of $1.38 billion. During the same quarter in the previous year, the company earned $1.68 earnings per share. The business's revenue for the quarter was down .7% on a year-over-year basis. As a group, equities research analysts forecast that Digital Realty Trust, Inc. will post 6.65 earnings per share for the current fiscal year.

Digital Realty Trust Dividend Announcement

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 dividend of $1.22 per share. This represents a $4.88 dividend on an annualized basis and a yield of 3.25%. The ex-dividend date of this dividend is Friday, September 13th. Digital Realty Trust's dividend payout ratio is presently 135.56%.

Digital Realty Trust 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.