Rhumbline Advisers boosted its position in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 2.2% during the second quarter, Holdings Channel reports. The fund owned 343,904 shares of the real estate investment trust’s stock after buying an additional 7,499 shares during the period. Rhumbline Advisers’ holdings in Digital Realty Trust were worth $38,844,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of DLR. Candriam Luxembourg S.C.A. purchased a new position in shares of Digital Realty Trust during the first quarter worth $1,288,000. Motco raised its position in shares of Digital Realty Trust by 4.6% in the first quarter. Motco now owns 3,399 shares of the real estate investment trust’s stock worth $362,000 after buying an additional 150 shares during the last quarter. State of Alaska Department of Revenue raised its position in shares of Digital Realty Trust by 40.6% in the first quarter. State of Alaska Department of Revenue now owns 82,493 shares of the real estate investment trust’s stock worth $8,774,000 after buying an additional 23,823 shares during the last quarter. Ledyard National Bank raised its position in shares of 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 worth $116,000 after buying an additional 150 shares during the last quarter. Finally, Nisa Investment Advisors LLC raised its position in shares of Digital Realty Trust by 164.4% in the first quarter. Nisa Investment Advisors LLC now owns 23,800 shares of the real estate investment trust’s stock worth $2,532,000 after buying an additional 14,800 shares during the last quarter.

Digital Realty Trust, Inc. (NYSE DLR) opened at 111.82 on Friday. The stock has a market cap of $18.14 billion, a price-to-earnings ratio of 45.42 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 company has a 50-day moving average price of $113.61 and a 200 day moving average price of $111.16.

Digital Realty Trust (NYSE:DLR) last released its quarterly earnings data on Thursday, July 27th. The real estate investment trust reported $1.54 EPS for the quarter, beating the Zacks’ consensus estimate of $1.49 by $0.05. The company had revenue of $565.99 million during the quarter, compared to the consensus estimate of $559.93 million. Digital Realty Trust had a net margin of 21.27% and a return on equity of 12.39%. Digital Realty Trust’s quarterly revenue was up 9.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.42 EPS. On average, analysts expect that Digital Realty Trust, Inc. will post $1.58 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 15th will be issued a $0.93 dividend. The ex-dividend date is Thursday, September 14th. This represents a $3.72 dividend on an annualized basis and a yield of 3.33%. Digital Realty Trust’s payout ratio is 148.21%.

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A number of research analysts have recently weighed in on the company. BidaskClub upgraded Digital Realty Trust from a “hold” rating to a “buy” rating in a research report on Saturday, June 24th. Royal Bank Of Canada restated a “buy” rating and set a $127.00 price objective on shares of Digital Realty Trust in a research report on Thursday, June 8th. Zacks Investment Research lowered Digital Realty Trust from a “buy” rating to a “hold” rating in a research report on Wednesday, August 2nd. Wells Fargo & Company lowered Digital Realty Trust from an “outperform” rating to a “market perform” rating and set a $118.00 price objective for the company. in a research report on Wednesday, May 17th. Finally, Stifel Nicolaus raised their price objective on Digital Realty Trust from $110.00 to $117.00 and gave the company a “hold” rating in a research report on Monday, May 1st. Eight equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $116.67.

In other Digital Realty Trust news, SVP Joshua A. Mills sold 9,211 shares of the stock in a transaction dated Tuesday, June 6th. The shares were 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director William G. Laperch acquired 1,200 shares of the business’s stock in a transaction on Monday, August 7th. The stock was acquired at an average price of $25.00 per share, with a total value of $30,000.00. Following the acquisition, the director now owns 1,200 shares in the company, valued at approximately $30,000. The disclosure for this purchase can be found here. 0.40% of the stock is currently 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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Institutional Ownership by Quarter for Digital Realty Trust (NYSE:DLR)

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