AGF Management Ltd. Trims Holdings in Digital Realty Trust, Inc. (NYSE:DLR)

AGF Management Ltd. lowered its holdings in shares of Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 50.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 59,540 shares of the real estate investment trust's stock after selling 59,719 shares during the period. AGF Management Ltd.'s holdings in Digital Realty Trust were worth $9,053,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of DLR. Gradient Investments LLC increased its holdings in shares of Digital Realty Trust by 75.2% during the second 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. American Capital Advisory LLC bought a new stake in Digital Realty Trust during the 2nd quarter valued at about $27,000. Private Ocean LLC purchased a new position in Digital Realty Trust in the second quarter worth about $27,000. Rise Advisors LLC lifted its stake in shares of Digital Realty Trust by 1,125.0% in the first quarter. Rise Advisors LLC now owns 196 shares of the real estate investment trust's stock worth $28,000 after buying an additional 180 shares in the last quarter. Finally, GoalVest Advisory LLC purchased a new stake in shares of Digital Realty Trust during the first quarter valued at approximately $29,000. Hedge funds and other institutional investors own 99.71% of the company's stock.

Insider Buying and Selling at Digital Realty Trust

In other Digital Realty Trust news, Director Jean F. H. P. Mandeville sold 600 shares of Digital Realty Trust stock in a transaction on Thursday, August 1st. The shares were 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 in the company, valued at approximately $1,360,604.30. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.17% of the company's stock.

Digital Realty Trust Price Performance

Shares of DLR traded up $2.05 during mid-day trading on Thursday, reaching $160.47. The stock had a trading volume of 1,372,339 shares, compared to its average volume of 1,839,663. The firm has a market cap of $50.14 billion, a price-to-earnings ratio of 44.01, a PEG ratio of 4.73 and a beta of 0.60. Digital Realty Trust, Inc. has a 12 month low of $113.94 and a 12 month high of $162.58. The business has a fifty day moving average of $151.51 and a 200 day moving average of $146.67. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.78 and a current ratio of 1.78.

Digital Realty Trust (NYSE:DLR - Get Free Report) last issued its earnings results on Thursday, July 25th. The real estate investment trust reported $0.20 earnings per share for the quarter, missing the consensus estimate 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 during the quarter, compared to the consensus estimate of $1.38 billion. During the same period in the prior year, the company posted $1.68 EPS. The company's quarterly revenue was down .7% on a year-over-year basis. Equities analysts predict that Digital Realty Trust, Inc. will post 6.65 EPS for the current year.

Digital Realty Trust Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 13th will be issued a $1.22 dividend. 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 3.04%. Digital Realty Trust's dividend payout ratio is presently 135.56%.

Analyst Ratings Changes

Several analysts have commented on the company. Wells Fargo & Company increased 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. Deutsche Bank Aktiengesellschaft lifted their price objective on Digital Realty Trust from $143.00 to $145.00 and gave the stock a "hold" rating in a report on Thursday, May 30th. JPMorgan Chase & Co. upgraded shares of 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 note on Friday, June 28th. Royal Bank of Canada lifted their price target on shares of Digital Realty Trust from $144.00 to $160.00 and gave the stock an "outperform" rating in a research note on Monday, June 3rd. Finally, TD Cowen decreased their price objective on shares of Digital Realty Trust from $122.00 to $120.00 and set a "hold" rating for the company in a report on Friday, July 26th. Three 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. Based on data from MarketBeat.com, Digital Realty Trust presently has a consensus rating of "Hold" and an average 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.