Digital Realty Trust, Inc. (DLR) Position Decreased by Manning & Napier Advisors LLC
Manning & Napier Advisors LLC lowered its stake in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 2.2% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 89,945 shares of the real estate investment trust’s stock after selling 2,050 shares during the period. Manning & Napier Advisors LLC owned 0.06% of Digital Realty Trust worth $10,158,000 at the end of the most recent reporting period.
Several other large investors also recently added to or reduced their stakes in DLR. Ledyard National Bank boosted its stake in Digital Realty Trust by 15.9% in the first quarter. Ledyard National Bank now owns 1,095 shares of the real estate investment trust’s stock valued at $116,000 after buying an additional 150 shares during the last quarter. Muzinich & Co. Inc. boosted its stake in Digital Realty Trust by 37.1% in the first quarter. Muzinich & Co. Inc. now owns 1,414 shares of the real estate investment trust’s stock valued at $150,000 after buying an additional 383 shares during the last quarter. Westside Investment Management Inc. bought a new stake in Digital Realty Trust during the first quarter valued at about $160,000. AXA bought a new stake in Digital Realty Trust during the first quarter valued at about $200,000. Finally, Exane Derivatives boosted its stake in Digital Realty Trust by 157.3% in the first quarter. Exane Derivatives now owns 1,909 shares of the real estate investment trust’s stock valued at $203,000 after buying an additional 1,167 shares during the last quarter.
Digital Realty Trust, Inc. (NYSE DLR) traded up 0.31% on Friday, reaching $112.46. 608,779 shares of the company’s stock traded hands. The stock has a market capitalization of $17.97 billion, a price-to-earnings ratio of 48.43 and a beta of -0.03. Digital Realty Trust, Inc. has a 52 week low of $85.63 and a 52 week high of $121.53. The firm has a 50-day moving average price of $115.09 and a 200-day moving average price of $110.02.
Digital Realty Trust (NYSE:DLR) last issued its earnings results on Thursday, April 27th. The real estate investment trust reported $1.50 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.47 by $0.03. The company had revenue of $550.60 million during the quarter, compared to analysts’ expectations of $552.59 million. Digital Realty Trust had a return on equity of 12.14% and a net margin of 20.48%. The firm’s quarterly revenue was up 9.2% on a year-over-year basis. During the same period in the prior year, the business earned $1.42 EPS. On average, analysts predict that Digital Realty Trust, Inc. will post $1.60 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, June 30th. Shareholders of record on Thursday, June 15th were issued a $0.93 dividend. This represents a $3.72 annualized dividend and a yield of 3.31%. The ex-dividend date was Tuesday, June 13th. Digital Realty Trust’s payout ratio is currently 158.97%.
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A number of research analysts recently weighed in on the stock. Royal Bank Of Canada reissued a “buy” rating on shares of Digital Realty Trust in a report on Monday, May 1st. Macquarie reissued a “neutral” rating and issued a $105.00 target price on shares of Digital Realty Trust in a report on Tuesday, July 4th. BidaskClub raised shares of Digital Realty Trust from a “hold” rating to a “buy” rating in a report on Saturday, June 24th. Zacks Investment Research raised shares of Digital Realty Trust from a “hold” rating to a “buy” rating and set a $126.00 target price for the company in a report on Monday, July 17th. Finally, Deutsche Bank AG raised their target price on shares of Digital Realty Trust from $105.00 to $109.00 and gave the company a “hold” rating in a report on Friday, April 28th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and ten have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $117.00.
In other news, SVP Joshua A. Mills sold 9,211 shares of the stock in a transaction on Tuesday, June 6th. The stock was sold at an average price of $120.00, for a total transaction of $1,105,320.00. Following the completion of the transaction, the senior vice president now directly owns 13,377 shares in the company, valued at approximately $1,605,240. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.40% of the stock is owned by corporate insiders.
About Digital Realty Trust
Digital Realty Trust, Inc is a real estate investment trust (REIT). The Company is engaged in the business of owning, acquiring, developing and operating data centers. The Company is focused on providing data center and colocation solutions for domestic and international tenants across a range of industry verticals ranging from financial services, cloud and information technology services, to manufacturing, energy, healthcare and consumer products.
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