Berman Capital Advisors LLC Increases Stake in Digital Realty Trust, Inc. (NYSE:DLR)

Berman Capital Advisors LLC increased its position in Digital Realty Trust, Inc. (NYSE:DLR) by 52.8% in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 784 shares of the real estate investment trust’s stock after acquiring an additional 271 shares during the quarter. Berman Capital Advisors LLC’s holdings in Digital Realty Trust were worth $117,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Capital International Investors increased its holdings in Digital Realty Trust by 7.9% in the 1st quarter. Capital International Investors now owns 9,540,627 shares of the real estate investment trust’s stock worth $1,343,744,000 after acquiring an additional 700,660 shares during the last quarter. Cohen & Steers Inc. grew its holdings in shares of Digital Realty Trust by 180.3% during the first quarter. Cohen & Steers Inc. now owns 7,450,351 shares of the real estate investment trust’s stock worth $1,049,316,000 after purchasing an additional 4,792,073 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Digital Realty Trust by 0.4% during the first quarter. Geode Capital Management LLC now owns 4,812,810 shares of the real estate investment trust’s stock worth $676,035,000 after purchasing an additional 17,567 shares in the last quarter. Canada Pension Plan Investment Board grew its holdings in shares of Digital Realty Trust by 3.3% during the first quarter. Canada Pension Plan Investment Board now owns 3,975,136 shares of the real estate investment trust’s stock worth $559,858,000 after purchasing an additional 127,050 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in shares of Digital Realty Trust by 1.8% during the first quarter. Dimensional Fund Advisors LP now owns 3,832,901 shares of the real estate investment trust’s stock worth $539,829,000 after purchasing an additional 67,653 shares in the last quarter. 96.04% of the stock is owned by institutional investors.

A number of analysts recently weighed in on DLR shares. 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 target price on Digital Realty Trust from $177.00 to $178.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 25th. Citigroup boosted their target price on Digital Realty Trust from $160.00 to $179.00 and gave the stock a “buy” rating in a research report on Thursday, August 19th. TD Securities restated a “buy” rating and issued a $180.00 target price on shares of Digital Realty Trust in a research report on Friday, September 17th. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on Digital Realty Trust from $167.00 to $175.00 and gave the stock a “buy” rating in a research report on Tuesday, August 3rd. Three investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Digital Realty Trust has an average rating of “Buy” and a consensus target price of $166.00.

In related news, CEO A William Stein sold 22,324 shares of the company’s stock in a transaction that occurred on Wednesday, September 8th. The stock was sold at an average price of $168.05, for a total transaction of $3,751,548.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Kevin Kennedy sold 350 shares of the company’s stock in a transaction on Wednesday, September 15th. The stock was sold at an average price of $154.15, for a total value of $53,952.50. Following the completion of the sale, the director now directly owns 350 shares in the company, valued at $53,952.50. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 204,884 shares of company stock valued at $33,906,264. 0.52% of the stock is owned by corporate insiders.

Shares of DLR stock opened at $152.72 on Friday. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.55 and a current ratio of 0.55. Digital Realty Trust, Inc. has a fifty-two week low of $124.65 and a fifty-two week high of $168.30. The stock has a 50 day moving average price of $158.40 and a two-hundred day moving average price of $152.25. The company has a market capitalization of $43.16 billion, a P/E ratio of 85.32, a PEG ratio of 3.52 and a beta of 0.12.

Digital Realty Trust (NYSE:DLR) last announced its quarterly earnings data on Thursday, July 29th. The real estate investment trust reported $0.45 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.58 by ($1.13). Digital Realty Trust had a net margin of 13.22% and a return on equity of 3.52%. As a group, equities analysts predict that Digital Realty Trust, Inc. will post 6.5 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 30th. Investors of record on Wednesday, September 15th will be issued a dividend of $1.16 per share. The ex-dividend date of this dividend is Tuesday, September 14th. This represents a $4.64 dividend on an annualized basis and a dividend yield of 3.04%. Digital Realty Trust’s dividend payout ratio is presently 74.60%.

Digital Realty Trust Company Profile

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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