GAMMA Investing LLC Increases Holdings in Digital Realty Trust, Inc. (NYSE:DLR)

GAMMA Investing LLC boosted its position in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 105.3% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,733 shares of the real estate investment trust’s stock after purchasing an additional 2,940 shares during the period. GAMMA Investing LLC’s holdings in Digital Realty Trust were worth $872,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Norges Bank bought a new position in shares of Digital Realty Trust during the fourth quarter valued at approximately $2,141,890,000. Vanguard Group Inc. raised its holdings in shares of Digital Realty Trust by 2.0% during the first quarter. Vanguard Group Inc. now owns 48,503,593 shares of the real estate investment trust’s stock worth $6,986,458,000 after purchasing an additional 951,567 shares during the last quarter. Balyasny Asset Management L.P. acquired a new stake in Digital Realty Trust during the fourth quarter valued at $107,372,000. Kodai Capital Management LP acquired a new stake in Digital Realty Trust during the fourth quarter valued at $59,087,000. Finally, Russell Investments Group Ltd. grew its position in Digital Realty Trust by 13.6% during the fourth quarter. Russell Investments Group Ltd. now owns 2,118,834 shares of the real estate investment trust’s stock valued at $285,513,000 after buying an additional 253,755 shares during the period. 99.71% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, Director Jean F. H. P. Mandeville sold 600 shares of the business’s stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $150.26, for a total value of $90,156.00. Following the completion of the sale, the director now directly owns 9,055 shares in the company, valued at approximately $1,360,604.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.17% of the stock is owned by insiders.

Digital Realty Trust Stock Performance

DLR stock traded down $3.84 during midday trading on Monday, hitting $147.00. The stock had a trading volume of 1,175,774 shares, compared to its average volume of 1,915,317. The company has a current ratio of 1.78, a quick ratio of 1.29 and a debt-to-equity ratio of 0.81. The stock has a 50-day simple moving average of $150.15 and a 200 day simple moving average of $144.98. Digital Realty Trust, Inc. has a 52 week low of $113.94 and a 52 week high of $162.58. The firm has a market capitalization of $45.93 billion, a price-to-earnings ratio of 41.90, a P/E/G ratio of 10.97 and a beta of 0.59.

Digital Realty Trust (NYSE:DLR) last announced its earnings results on Thursday, July 25th. The real estate investment trust reported $0.20 earnings per share for the quarter, missing analysts’ consensus estimates of $1.63 by ($1.43). The business had revenue of $1.36 billion during the quarter, compared to analyst estimates of $1.38 billion. Digital Realty Trust had a net margin of 20.58% and a return on equity of 5.93%. The business’s quarterly revenue was down .7% compared to the same quarter last year. During the same quarter last year, the business posted $1.68 earnings per share. As a group, equities research analysts anticipate that Digital Realty Trust, Inc. will post 6.67 earnings per share for the current year.

Digital Realty Trust Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 14th were given a dividend of $1.22 per share. This represents a $4.88 annualized dividend and a dividend yield of 3.32%. The ex-dividend date was Friday, June 14th. Digital Realty Trust’s dividend payout ratio (DPR) is 135.56%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on DLR shares. Royal Bank of Canada raised their price target on shares of Digital Realty Trust from $144.00 to $160.00 and gave the stock an “outperform” rating in a research note on Monday, June 3rd. TD Cowen dropped their price objective on shares of Digital Realty Trust from $122.00 to $120.00 and set a “hold” rating for the company in a report on Friday, July 26th. Mizuho initiated coverage on shares of Digital Realty Trust in a report on Thursday, July 11th. They set an “outperform” rating and a $170.00 price target for the company. The Goldman Sachs Group assumed coverage on shares of Digital Realty Trust in a report on Monday, July 1st. They issued a “buy” rating and a $175.00 target price for the company. Finally, UBS Group upped their price target on shares of Digital Realty Trust from $143.00 to $147.00 and gave the company a “neutral” rating in a research report on Friday, May 3rd. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $153.44.

About Digital Realty Trust

Digital Realty brings companies and data together by delivering the full spectrum of data center, colocation, and interconnection solutions. PlatformDIGITAL, the company's global data center platform, provides customers with a secure data meeting place and a proven Pervasive Datacenter Architecture (PDx) solution methodology for powering innovation and efficiently managing Data Gravity challenges.