Pictet Asset Management Ltd. raised its stake in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 72.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 482,200 shares of the real estate investment trust’s stock after buying an additional 202,700 shares during the period. Pictet Asset Management Ltd. owned approximately 0.30% of Digital Realty Trust worth $56,991,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in DLR. Retirement Systems of Alabama raised its position in shares of Digital Realty Trust by 0.6% in the second quarter. Retirement Systems of Alabama now owns 77,468 shares of the real estate investment trust’s stock valued at $8,750,000 after buying an additional 482 shares during the last quarter. Stratos Wealth Partners LTD. raised its position in shares of Digital Realty Trust by 2.1% in the second quarter. Stratos Wealth Partners LTD. now owns 28,304 shares of the real estate investment trust’s stock valued at $3,197,000 after buying an additional 587 shares during the last quarter. CIBC Asset Management Inc raised its position in shares of Digital Realty Trust by 3.1% in the second quarter. CIBC Asset Management Inc now owns 19,192 shares of the real estate investment trust’s stock valued at $2,168,000 after buying an additional 575 shares during the last quarter. Resolution Capital Ltd raised its position in shares of Digital Realty Trust by 7.9% in the second quarter. Resolution Capital Ltd now owns 564,156 shares of the real estate investment trust’s stock valued at $63,721,000 after buying an additional 41,322 shares during the last quarter. Finally, Presima Inc. raised its position in shares of Digital Realty Trust by 21.1% in the second quarter. Presima Inc. now owns 288,500 shares of the real estate investment trust’s stock valued at $32,586,000 after buying an additional 50,300 shares during the last quarter.

Digital Realty Trust, Inc. (NYSE DLR) opened at 113.77 on Wednesday. Digital Realty Trust, Inc. has a 12 month low of $85.63 and a 12 month high of $121.53. The stock has a 50 day moving average price of $114.26 and a 200 day moving average price of $110.85. The stock has a market capitalization of $18.45 billion, a PE ratio of 46.21 and a beta of -0.03.

Digital Realty Trust (NYSE:DLR) last issued its quarterly earnings results on Thursday, July 27th. The real estate investment trust reported $1.54 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.49 by $0.05. Digital Realty Trust had a return on equity of 12.39% and a net margin of 21.27%. The business had revenue of $565.99 million during the quarter, compared to analyst estimates of $559.93 million. During the same quarter in the prior year, the business posted $1.42 EPS. Digital Realty Trust’s revenue for the quarter was up 9.9% compared to the same quarter last year. On average, equities research analysts forecast that Digital Realty Trust, Inc. will post $1.58 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 15th will be paid a $0.93 dividend. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $3.72 dividend on an annualized basis and a yield of 3.27%. Digital Realty Trust’s payout ratio is presently 148.21%.

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DLR has been the topic of several recent research reports. Barclays PLC reiterated an “overweight” rating and issued a $123.00 price target (up previously from $120.00) on shares of Digital Realty Trust in a report on Wednesday, April 19th. Stifel Nicolaus restated a “hold” rating on shares of Digital Realty Trust in a report on Tuesday, April 25th. Deutsche Bank AG raised their target price on Digital Realty Trust from $105.00 to $109.00 and gave the company a “hold” rating in a report on Friday, April 28th. Royal Bank Of Canada restated a “buy” rating on shares of Digital Realty Trust in a report on Monday, May 1st. Finally, Wells Fargo & Company lowered Digital Realty Trust from an “outperform” rating to a “market perform” rating and set a $118.00 target price on the stock. in a report on Wednesday, May 17th. Eight equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Digital Realty Trust currently has an average rating of “Buy” and an average price target of $116.67.

In other Digital Realty Trust 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 value of $1,105,320.00. Following the completion of the sale, the senior vice president now owns 13,377 shares in the company, valued at approximately $1,605,240. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.40% of the company’s stock.

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.

Institutional Ownership by Quarter for Digital Realty Trust (NYSE:DLR)

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