Digital Realty Trust, Inc. (NYSE:DLR) Shares Sold by Varma Mutual Pension Insurance Co

Varma Mutual Pension Insurance Co trimmed its position in Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 11.5% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 72,283 shares of the real estate investment trust's stock after selling 9,417 shares during the quarter. Varma Mutual Pension Insurance Co's holdings in Digital Realty Trust were worth $10,991,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Ballentine Partners LLC lifted its holdings in Digital Realty Trust by 6.2% during the second quarter. Ballentine Partners LLC now owns 7,730 shares of the real estate investment trust's stock worth $1,175,000 after buying an additional 451 shares during the period. Caprock Group LLC boosted its position in Digital Realty Trust by 1.1% during the second quarter. Caprock Group LLC now owns 11,503 shares of the real estate investment trust's stock valued at $1,749,000 after purchasing an additional 120 shares in the last quarter. Acadian Asset Management LLC grew its stake in Digital Realty Trust by 856.4% in the second quarter. Acadian Asset Management LLC now owns 25,661 shares of the real estate investment trust's stock valued at $3,898,000 after purchasing an additional 22,978 shares during the last quarter. Asset Dedication LLC bought a new position in Digital Realty Trust in the second quarter worth about $31,000. Finally, Umpqua Bank purchased a new stake in shares of Digital Realty Trust during the second quarter valued at about $322,000. Institutional investors own 99.71% of the company's stock.

Insider Buying and Selling

In other Digital Realty Trust news, Director Jean F. H. P. Mandeville sold 600 shares of Digital Realty Trust stock in a transaction that occurred 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 transaction, the director now owns 9,055 shares of the company's stock, valued at $1,360,604.30. The transaction was disclosed in a filing with the SEC, which is available at this link. 0.17% of the stock is owned by company insiders.

Digital Realty Trust Trading Up 0.8 %

NYSE:DLR traded up $1.12 on Monday, reaching $149.34. The company's stock had a trading volume of 1,497,168 shares, compared to its average volume of 1,842,144. The firm has a market cap of $46.66 billion, a price-to-earnings ratio of 41.43, a price-to-earnings-growth ratio of 4.73 and a beta of 0.60. The company has a quick ratio of 1.78, a current ratio of 1.78 and a debt-to-equity ratio of 0.81. Digital Realty Trust, Inc. has a 12-month low of $113.94 and a 12-month high of $162.58. The stock has a 50 day moving average price of $151.36 and a 200 day moving average price of $146.37.

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 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.63 by ($1.43). The firm had revenue of $1.36 billion during the quarter, compared to analysts' expectations 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% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.68 EPS. On average, equities analysts anticipate that Digital Realty Trust, Inc. will post 6.65 EPS for the current fiscal year.

Digital Realty Trust Dividend Announcement

The business 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 $1.22 dividend. This represents a $4.88 dividend on an annualized basis and a dividend yield of 3.27%. The ex-dividend date of this dividend is Friday, September 13th. Digital Realty Trust's dividend payout ratio (DPR) is 135.56%.

Wall Street Analyst Weigh In

DLR has been the subject of several recent analyst reports. Mizuho began coverage on Digital Realty Trust in a report on Thursday, July 11th. They issued an "outperform" rating and a $170.00 price target for the company. Deutsche Bank Aktiengesellschaft upped their price target on shares of Digital Realty Trust from $143.00 to $145.00 and gave the company a "hold" rating in a research note on Thursday, May 30th. Argus downgraded shares of Digital Realty Trust from a "buy" rating to a "hold" rating in a research note on Thursday, August 1st. JPMorgan Chase & Co. raised Digital Realty Trust from a "neutral" rating to an "overweight" rating and upped their target price for the company from $150.00 to $175.00 in a research report on Friday, June 28th. Finally, Barclays boosted their price target on Digital Realty Trust from $123.00 to $130.00 and gave the company an "underweight" rating in a research note on Wednesday, July 24th. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating, ten have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $154.00.

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.