Marco Investment Management LLC Has $2.41 Million Stock Holdings in Digital Realty Trust, Inc. (NYSE:DLR)

Marco Investment Management LLC boosted its position in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 16.1% in the second quarter, Holdings Channel reports. The firm owned 15,850 shares of the real estate investment trust’s stock after purchasing an additional 2,200 shares during the period. Marco Investment Management LLC’s holdings in Digital Realty Trust were worth $2,410,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of DLR. Gradient Investments LLC grew its holdings in shares of Digital Realty Trust by 75.2% in the 2nd quarter. Gradient Investments LLC now owns 177 shares of the real estate investment trust’s stock valued at $27,000 after buying an additional 76 shares during the period. American Capital Advisory LLC bought a new position in shares of Digital Realty Trust during the 2nd quarter worth approximately $27,000. Private Ocean LLC bought a new stake in shares of Digital Realty Trust in the second quarter worth $27,000. Rise Advisors LLC lifted its position in shares of Digital Realty Trust by 1,125.0% in the first quarter. Rise Advisors LLC now owns 196 shares of the real estate investment trust’s stock worth $28,000 after purchasing an additional 180 shares in the last quarter. Finally, GoalVest Advisory LLC acquired a new position in Digital Realty Trust during the first quarter worth $29,000. Institutional investors own 99.71% of the company’s stock.

Digital Realty Trust Price Performance

Digital Realty Trust stock opened at $156.76 on Wednesday. The company has a market capitalization of $48.98 billion, a price-to-earnings ratio of 43.54, a PEG ratio of 4.73 and a beta of 0.60. The stock’s 50 day moving average is $151.38 and its 200-day moving average is $146.59. The company has a current ratio of 1.78, a quick ratio of 1.78 and a debt-to-equity ratio of 0.81. Digital Realty Trust, Inc. has a 12 month low of $113.94 and a 12 month high of $162.58.

Digital Realty Trust (NYSE:DLR) last issued its quarterly earnings data on Thursday, July 25th. The real estate investment trust reported $0.20 EPS for the quarter, missing analysts’ consensus estimates of $1.63 by ($1.43). The firm 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 period in the prior year, the company earned $1.68 earnings per share. Equities research analysts expect that Digital Realty Trust, Inc. will post 6.65 EPS for the current year.

Digital Realty Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 13th will be issued a $1.22 dividend. This represents a $4.88 dividend on an annualized basis and a yield of 3.11%. The ex-dividend date is Friday, September 13th. Digital Realty Trust’s dividend payout ratio is currently 135.56%.

Insiders Place Their Bets

In other news, Director Jean F. H. P. Mandeville sold 600 shares of Digital Realty Trust stock in a transaction that occurred on Thursday, August 1st. The shares were 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 $1,360,604.30. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Company insiders own 0.17% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. Wells Fargo & Company boosted their price target on shares of Digital Realty Trust from $155.00 to $170.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 23rd. Royal Bank of Canada upped their target price on Digital Realty Trust from $144.00 to $160.00 and gave the stock an “outperform” rating in a report on Monday, June 3rd. Argus downgraded Digital Realty Trust from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. BMO Capital Markets upgraded Digital Realty Trust from a “market perform” rating to an “outperform” rating and upped their price objective for the stock from $144.00 to $170.00 in a research note on Wednesday, June 26th. Finally, Mizuho assumed coverage on Digital Realty Trust in a report on Thursday, July 11th. They issued an “outperform” rating and a $170.00 price objective for the company. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Digital Realty Trust currently has an average rating of “Hold” and a consensus price target of $154.00.

Digital Realty Trust Profile

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.