Digital Realty Trust, Inc. (NYSE:DLR) Stake Increased by L & S Advisors Inc

L & S Advisors Inc raised its stake in Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 289.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 66,240 shares of the real estate investment trust's stock after purchasing an additional 49,246 shares during the quarter. Digital Realty Trust comprises about 1.1% of L & S Advisors Inc's investment portfolio, making the stock its 20th biggest position. L & S Advisors Inc's holdings in Digital Realty Trust were worth $10,072,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. Gilman Hill Asset Management LLC increased its position in shares of Digital Realty Trust by 1.1% during the second quarter. Gilman Hill Asset Management LLC now owns 6,179 shares of the real estate investment trust's stock worth $940,000 after acquiring an additional 65 shares during the last quarter. Gladstone Institutional Advisory LLC increased its position in shares of Digital Realty Trust by 1.2% during the fourth quarter. Gladstone Institutional Advisory LLC now owns 6,301 shares of the real estate investment trust's stock worth $848,000 after acquiring an additional 72 shares during the last quarter. Gradient Investments LLC increased its position 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 worth $27,000 after acquiring an additional 76 shares during the last quarter. Garrison Asset Management LLC increased its position in shares of Digital Realty Trust by 3.6% during the second quarter. Garrison Asset Management LLC now owns 2,277 shares of the real estate investment trust's stock worth $346,000 after acquiring an additional 80 shares during the last quarter. Finally, CHICAGO TRUST Co NA increased its position in shares of Digital Realty Trust by 5.1% during the second quarter. CHICAGO TRUST Co NA now owns 1,713 shares of the real estate investment trust's stock worth $260,000 after acquiring an additional 83 shares during the last quarter. 99.71% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. TD Cowen dropped their target price on Digital Realty Trust from $122.00 to $120.00 and set a "hold" rating on the stock in a research report on Friday, July 26th. Deutsche Bank Aktiengesellschaft lifted their price target on Digital Realty Trust from $143.00 to $145.00 and gave the stock a "hold" rating in a research note on Thursday, May 30th. Barclays lifted their price target on Digital Realty Trust from $123.00 to $130.00 and gave the stock an "underweight" rating in a research note on Wednesday, July 24th. Royal Bank of Canada lifted their price target on 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, Stifel Nicolaus lifted their price target on Digital Realty Trust from $165.00 to $175.00 and gave the stock a "buy" rating in a research note on Friday, July 12th. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $154.00.

Insider Activity

In other news, Director Jean F. H. P. Mandeville sold 600 shares of the stock in a transaction 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 completion of the sale, the director now owns 9,055 shares in the company, valued at approximately $1,360,604.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.17% of the company's stock.

Digital Realty Trust Stock Performance

DLR stock traded down $3.24 on Tuesday, reaching $157.63. The company's stock had a trading volume of 1,824,706 shares, compared to its average volume of 1,835,420. Digital Realty Trust, Inc. has a 52 week low of $113.94 and a 52 week high of $162.58. The company has a market capitalization of $49.25 billion, a P/E ratio of 43.79, a price-to-earnings-growth ratio of 5.06 and a beta of 0.60. The firm has a fifty day moving average of $152.07 and a two-hundred day moving average of $147.15. 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 (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). The firm had revenue of $1.36 billion during the quarter, compared to analyst estimates of $1.38 billion. Digital Realty Trust had a return on equity of 5.93% and a net margin of 20.58%. The business's revenue for the quarter was down .7% on a year-over-year basis. During the same quarter last year, the company earned $1.68 earnings per share. As a group, analysts predict that Digital Realty Trust, Inc. will post 6.65 EPS 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 $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 3.10%. Digital Realty Trust's dividend payout ratio (DPR) is 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.