IFM Investors Pty Ltd grew its stake in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 13.9% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 29,440 shares of the real estate investment trust’s stock after buying an additional 3,594 shares during the period. IFM Investors Pty Ltd’s holdings in Digital Realty Trust were worth $4,146,000 as of its most recent SEC filing.
Several other hedge funds have also recently added to or reduced their stakes in the company. EFG Asset Management Americas Corp. increased its stake in Digital Realty Trust by 1.0% during the fourth quarter. EFG Asset Management Americas Corp. now owns 7,009 shares of the real estate investment trust’s stock worth $978,000 after acquiring an additional 70 shares during the last quarter. CI Investments Inc. lifted its position in Digital Realty Trust by 10.4% during the fourth quarter. CI Investments Inc. now owns 764 shares of the real estate investment trust’s stock valued at $107,000 after buying an additional 72 shares in the last quarter. Cox Capital Mgt LLC boosted its position in Digital Realty Trust by 0.4% during the 1st quarter. Cox Capital Mgt LLC now owns 20,149 shares of the real estate investment trust’s stock worth $2,838,000 after purchasing an additional 82 shares during the period. Greenleaf Trust increased its holdings in Digital Realty Trust by 3.7% in the 4th quarter. Greenleaf Trust now owns 2,315 shares of the real estate investment trust’s stock valued at $323,000 after purchasing an additional 83 shares in the last quarter. Finally, Harbor Investment Advisory LLC raised its position in Digital Realty Trust by 1.3% in the first quarter. Harbor Investment Advisory LLC now owns 6,695 shares of the real estate investment trust’s stock valued at $943,000 after purchasing an additional 85 shares during the period. Institutional investors and hedge funds own 96.10% of the company’s stock.
Several brokerages have issued reports on DLR. Wolfe Research started coverage on shares of Digital Realty Trust in a research report on Thursday, March 18th. They issued a “peer perform” rating for the company. Raymond James cut their price objective on shares of Digital Realty Trust from $175.00 to $168.00 and set a “strong-buy” rating on the stock in a report on Tuesday, February 16th. They noted that the move was a valuation call. Mizuho lifted their target price on Digital Realty Trust from $157.00 to $163.00 and gave the stock a “buy” rating in a research report on Wednesday, April 21st. TheStreet upgraded Digital Realty Trust from a “c+” rating to a “b-” rating in a research note on Monday, February 22nd. Finally, Deutsche Bank Aktiengesellschaft cut their target price on Digital Realty Trust from $170.00 to $165.00 and set a “buy” rating on the stock in a research report on Tuesday, February 16th. Three investment analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $165.07.
Digital Realty Trust (NYSE:DLR) last announced its quarterly earnings results on Thursday, April 29th. The real estate investment trust reported $1.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.59 by ($0.27). Digital Realty Trust had a return on equity of 5.31% and a net margin of 17.50%. As a group, equities research analysts expect that Digital Realty Trust, Inc. will post 6.13 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 30th. Shareholders of record on Tuesday, June 15th will be given a $1.16 dividend. This represents a $4.64 annualized dividend and a yield of 3.12%. The ex-dividend date is Monday, June 14th. Digital Realty Trust’s dividend payout ratio (DPR) is 69.77%.
In related news, insider Cindy Fiedelman sold 9,668 shares of the firm’s stock in a transaction that occurred on Tuesday, May 11th. The stock was sold at an average price of $150.54, for a total value of $1,455,420.72. Following the sale, the insider now directly owns 9,668 shares in the company, valued at approximately $1,455,420.72. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director David C. Ruberg sold 1,700 shares of Digital Realty Trust stock in a transaction on Friday, February 26th. The shares were sold at an average price of $138.00, for a total value of $234,600.00. Following the sale, the director now directly owns 719,808 shares in the company, valued at approximately $99,333,504. The disclosure for this sale can be found here. Insiders sold 264,574 shares of company stock worth $39,164,768 in the last 90 days. 0.61% of the stock is owned by company insiders.
About Digital Realty Trust
Digital Realty supports the world's leading enterprises and service providers by delivering the full spectrum of data center, colocation and interconnection solutions. PlatformDIGITALR, the company's global data center platform, provides customers a trusted foundation and proven Pervasive Datacenter Architecture PDxTM solution methodology for scaling digital business and efficiently managing data gravity challenges.
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