Loudon Investment Management LLC Decreases Position in Digital Realty Trust, Inc. (DLR)
Loudon Investment Management LLC reduced its stake in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 2.9% during the second quarter, Holdings Channel reports. The firm owned 11,212 shares of the real estate investment trust’s stock after selling 338 shares during the period. Loudon Investment Management LLC’s holdings in Digital Realty Trust were worth $1,266,000 at the end of the most recent quarter.
Other hedge funds have also bought and sold shares of the company. Ledyard National Bank raised 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 period. Muzinich & Co. Inc. raised 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 period. Westside Investment Management Inc. acquired a new stake in Digital Realty Trust during the first quarter valued at about $160,000. Security National Trust Co. acquired a new stake in Digital Realty Trust during the second quarter valued at about $164,000. Finally, AXA acquired a new stake in Digital Realty Trust during the first quarter valued at about $200,000.
Shares of Digital Realty Trust, Inc. (DLR) opened at 114.86 on Friday. The stock has a market cap of $18.63 billion, a PE ratio of 46.65 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 stock has a 50 day moving average of $113.36 and a 200-day moving average of $111.46.
Digital Realty Trust (NYSE:DLR) last posted its earnings results on Thursday, July 27th. The real estate investment trust reported $1.54 earnings per share for the quarter, beating analysts’ consensus estimates of $1.49 by $0.05. Digital Realty Trust had a net margin of 21.27% and a return on equity of 12.39%. The firm had revenue of $565.99 million during the quarter, compared to analyst estimates of $559.93 million. During the same period last year, the firm posted $1.42 earnings per share. Digital Realty Trust’s revenue for the quarter was up 9.9% compared to the same quarter last year. Equities research analysts predict that Digital Realty Trust, Inc. will post $1.57 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 15th will be issued a $0.93 dividend. This represents a $3.72 dividend on an annualized basis and a dividend yield of 3.24%. The ex-dividend date is Thursday, September 14th. Digital Realty Trust’s dividend payout ratio (DPR) is presently 148.21%.
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DLR has been the topic of a number of analyst reports. Royal Bank Of Canada reaffirmed a “buy” rating on shares of Digital Realty Trust in a report on Monday, May 1st. Macquarie reaffirmed a “neutral” rating and set a $105.00 target price on shares of Digital Realty Trust in a report on Tuesday, July 4th. Canaccord Genuity reaffirmed a “buy” rating and set a $127.00 target price on shares of Digital Realty Trust in a report on Friday. BidaskClub raised shares of Digital Realty Trust from a “hold” rating to a “buy” rating in a report on Saturday, June 24th. Finally, Zacks Investment Research raised shares of Digital Realty Trust from a “hold” rating to a “buy” rating and set a $126.00 target price on the stock in a report on Monday, July 17th. Eight analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $118.50.
In related news, SVP Joshua A. Mills sold 9,211 shares of the firm’s stock in a transaction on 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 transaction, the senior vice president now directly owns 13,377 shares of the company’s stock, valued at $1,605,240. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Christopher Sharp sold 25,733 shares of the firm’s stock in a transaction on Wednesday, August 16th. The shares were sold at an average price of $116.44, for a total transaction of $2,996,350.52. Following the completion of the transaction, the insider now directly owns 25,733 shares of the company’s stock, valued at $2,996,350.52. The disclosure for this sale can be found here. Company 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.
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