SFE Investment Counsel Purchases 549 Shares of Digital Realty Trust, Inc. (NYSE:DLR)

SFE Investment Counsel boosted its position in Digital Realty Trust, Inc. (NYSE:DLR) by 3.1% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 18,011 shares of the real estate investment trust’s stock after buying an additional 549 shares during the period. SFE Investment Counsel’s holdings in Digital Realty Trust were worth $2,710,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in DLR. Atlas Private Wealth Management lifted its position in shares of Digital Realty Trust by 9.4% during the 1st quarter. Atlas Private Wealth Management now owns 7,734 shares of the real estate investment trust’s stock valued at $1,089,000 after acquiring an additional 667 shares during the period. Envestnet Asset Management Inc. lifted its position in shares of Digital Realty Trust by 51.8% during the 1st quarter. Envestnet Asset Management Inc. now owns 376,431 shares of the real estate investment trust’s stock valued at $53,017,000 after acquiring an additional 128,531 shares during the period. Slow Capital Inc. lifted its position in shares of Digital Realty Trust by 15.9% during the 1st quarter. Slow Capital Inc. now owns 1,686 shares of the real estate investment trust’s stock valued at $237,000 after acquiring an additional 231 shares during the period. Commerce Bank lifted its position in shares of Digital Realty Trust by 8.8% during the 1st quarter. Commerce Bank now owns 8,493 shares of the real estate investment trust’s stock valued at $1,196,000 after acquiring an additional 687 shares during the period. Finally, Kovitz Investment Group Partners LLC lifted its position in shares of Digital Realty Trust by 2.0% during the 1st quarter. Kovitz Investment Group Partners LLC now owns 57,649 shares of the real estate investment trust’s stock valued at $8,119,000 after acquiring an additional 1,107 shares during the period. Institutional investors and hedge funds own 96.04% of the company’s stock.

In other news, EVP David C. Ruberg sold 55,212 shares of Digital Realty Trust stock in a transaction dated Wednesday, September 1st. The stock was sold at an average price of $166.11, for a total value of $9,171,265.32. Following the transaction, the executive vice president now owns 6,666 shares in the company, valued at $1,107,289.26. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO A William Stein sold 59,735 shares of Digital Realty Trust stock in a transaction dated Friday, August 20th. The stock was sold at an average price of $164.03, for a total value of $9,798,332.05. Following the completion of the transaction, the chief executive officer now owns 59,735 shares in the company, valued at approximately $9,798,332.05. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 204,534 shares of company stock valued at $33,852,311. Corporate insiders own 0.52% of the company’s stock.

Shares of Digital Realty Trust stock traded up $2.00 during trading hours on Wednesday, reaching $156.21. The company had a trading volume of 24,923 shares, compared to its average volume of 1,440,081. Digital Realty Trust, Inc. has a one year low of $124.65 and a one year high of $168.30. The business has a fifty day simple moving average of $158.37 and a 200 day simple moving average of $151.10. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.55 and a quick ratio of 0.55. The firm has a market cap of $44.14 billion, a PE ratio of 86.15, a price-to-earnings-growth ratio of 3.52 and a beta of 0.12.

Digital Realty Trust (NYSE:DLR) last posted its quarterly earnings results on Thursday, July 29th. The real estate investment trust reported $0.45 EPS for the quarter, missing the Zacks’ consensus estimate of $1.58 by ($1.13). Digital Realty Trust had a return on equity of 3.52% and a net margin of 13.22%. On average, research analysts forecast that Digital Realty Trust, Inc. will post 6.5 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 30th. Shareholders of record on Wednesday, September 15th will be paid a dividend of $1.16 per share. This represents a $4.64 annualized dividend and a yield of 2.97%. The ex-dividend date of this dividend is Tuesday, September 14th. Digital Realty Trust’s dividend payout ratio (DPR) is currently 74.60%.

DLR has been the subject of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft upped their target price on Digital Realty Trust from $167.00 to $175.00 and gave the company a “buy” rating in a research report on Tuesday, August 3rd. Zacks Investment Research downgraded Digital Realty Trust from a “buy” rating to a “hold” rating and set a $167.00 target price for the company. in a research report on Thursday, July 15th. Barclays boosted their price target on Digital Realty Trust from $177.00 to $178.00 and gave the stock an “overweight” rating in a report on Wednesday, August 25th. Finally, Citigroup boosted their price target on Digital Realty Trust from $160.00 to $179.00 and gave the stock a “buy” rating in a report on Thursday, August 19th. Three research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $165.69.

About Digital Realty Trust

Digital Realty Trust, Inc operates as a real estate investment trust, which engages in the provision of data center, colocation and interconnection solutions. It serves the following industries: artificial intelligence (AI), networks, cloud, digital media, mobile, financial services, healthcare, and gaming.

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Institutional Ownership by Quarter for Digital Realty Trust (NYSE:DLR)

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