Lyell Wealth Management LP Purchases 3,314 Shares of Digital Realty Trust, Inc. (NYSE:DLR)

Lyell Wealth Management LP boosted its position in Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 6.5% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 53,986 shares of the real estate investment trust's stock after purchasing an additional 3,314 shares during the quarter. Lyell Wealth Management LP's holdings in Digital Realty Trust were worth $8,209,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in DLR. QRG Capital Management Inc. boosted its position in shares of Digital Realty Trust by 19.7% in the 4th quarter. QRG Capital Management Inc. now owns 4,050 shares of the real estate investment trust's stock worth $545,000 after purchasing an additional 666 shares in the last quarter. Envestnet Portfolio Solutions Inc. increased its holdings in shares of Digital Realty Trust by 3.5% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 8,693 shares of the real estate investment trust's stock valued at $1,170,000 after acquiring an additional 297 shares in the last quarter. Janney Montgomery Scott LLC purchased a new position in shares of Digital Realty Trust in the 4th quarter worth about $3,870,000. Level Four Advisory Services LLC grew its position in Digital Realty Trust by 64.3% during the 4th quarter. Level Four Advisory Services LLC now owns 3,679 shares of the real estate investment trust's stock valued at $495,000 after purchasing an additional 1,440 shares during the last quarter. Finally, Missouri Trust & Investment Co raised its holdings in Digital Realty Trust by 141.0% in the fourth quarter. Missouri Trust & Investment Co now owns 482 shares of the real estate investment trust's stock worth $65,000 after buying an additional 282 shares during the last quarter. Hedge funds and other institutional investors own 99.71% of the company's stock.

Analysts Set New Price Targets

DLR has been the subject of a number of recent analyst reports. 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. Deutsche Bank Aktiengesellschaft increased their price objective on Digital Realty Trust from $143.00 to $145.00 and gave the company a "hold" rating in a research report on Thursday, May 30th. Wells Fargo & Company boosted their target price 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. Barclays boosted their price objective on shares of Digital Realty Trust from $123.00 to $130.00 and gave the company an "underweight" rating in a report on Wednesday, July 24th. Finally, Stifel Nicolaus lifted their target price on shares of 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 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 given a strong buy rating to the company. According to MarketBeat.com, Digital Realty Trust presently has an average rating of "Hold" and a consensus price target of $154.00.

Digital Realty Trust Price Performance

Shares of NYSE DLR traded down $0.34 during midday trading on Friday, reaching $158.93. The stock had a trading volume of 1,466,992 shares, compared to its average volume of 1,837,558. The company has a market capitalization of $49.65 billion, a price-to-earnings ratio of 44.15, a price-to-earnings-growth ratio of 5.06 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 stock has a 50-day moving average of $151.84 and a 200-day moving average of $147.00. 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 quarterly 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). Digital Realty Trust had a return on equity of 5.93% and a net margin of 20.58%. The business had revenue of $1.36 billion during the quarter, compared to analysts' expectations of $1.38 billion. During the same quarter in the previous year, the company posted $1.68 EPS. The company's quarterly revenue was down .7% on a year-over-year basis. As a group, research analysts anticipate that Digital Realty Trust, Inc. will post 6.65 EPS 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. Shareholders of record on Friday, September 13th will be issued a dividend of $1.22 per share. This represents a $4.88 dividend on an annualized basis and a yield of 3.07%. The ex-dividend date is Friday, September 13th. Digital Realty Trust's dividend payout ratio (DPR) is currently 135.56%.

Insider Activity

In related news, Director Jean F. H. P. Mandeville sold 600 shares of the firm's 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 transaction, the director now directly owns 9,055 shares of the company's stock, valued at $1,360,604.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.17% of the company's stock.

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.