Princeton Capital Management LLC increased its holdings in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 49.0% during the first quarter, Holdings Channel.com reports. The fund owned 30,958 shares of the real estate investment trust’s stock after purchasing an additional 10,178 shares during the quarter. Digital Realty Trust accounts for about 1.5% of Princeton Capital Management LLC’s holdings, making the stock its 21st biggest position. Princeton Capital Management LLC’s holdings in Digital Realty Trust were worth $4,360,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently made changes to their positions in the business. BlackRock Inc. grew its stake in Digital Realty Trust by 0.6% during the first quarter. BlackRock Inc. now owns 26,660,042 shares of the real estate investment trust’s stock worth $3,754,800,000 after buying an additional 150,432 shares in the last quarter. FMR LLC grew its stake in Digital Realty Trust by 6.9% during the fourth quarter. FMR LLC now owns 10,151,781 shares of the real estate investment trust’s stock worth $1,416,275,000 after buying an additional 651,934 shares in the last quarter. Northern Trust Corp grew its stake in Digital Realty Trust by 0.7% during the fourth quarter. Northern Trust Corp now owns 5,167,111 shares of the real estate investment trust’s stock worth $720,863,000 after buying an additional 36,923 shares in the last quarter. Canada Pension Plan Investment Board boosted its stake in shares of Digital Realty Trust by 15.5% in the 4th quarter. Canada Pension Plan Investment Board now owns 3,848,086 shares of the real estate investment trust’s stock valued at $536,847,000 after purchasing an additional 517,002 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in shares of Digital Realty Trust by 2.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 3,765,248 shares of the real estate investment trust’s stock valued at $525,284,000 after purchasing an additional 84,165 shares in the last quarter. Hedge funds and other institutional investors own 96.47% of the company’s stock.
In related news, EVP David C. Ruberg sold 200,000 shares of Digital Realty Trust stock in a transaction on Monday, May 3rd. The shares were sold at an average price of $151.84, for a total value of $30,368,000.00. Following the completion of the sale, the executive vice president now owns 483,159 shares of the company’s stock, valued at approximately $73,362,862.56. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Kevin Kennedy sold 200 shares of Digital Realty Trust stock in a transaction on Monday, March 15th. The shares were sold at an average price of $134.58, for a total transaction of $26,916.00. Following the completion of the sale, the director now directly owns 200 shares of the company’s stock, valued at approximately $26,916. The disclosure for this sale can be found here. Insiders sold a total of 550,923 shares of company stock valued at $85,012,974 in the last quarter. 0.52% of the stock is currently owned by company insiders.
Shares of NYSE:DLR traded down $1.87 during mid-day trading on Friday, hitting $162.07. The company had a trading volume of 32,501 shares, compared to its average volume of 1,539,065. The company has a fifty day moving average of $149.98. The firm has a market capitalization of $45.64 billion, a P/E ratio of 106.45, a PEG ratio of 3.57 and a beta of 0.09. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.67 and a quick ratio of 0.67. Digital Realty Trust, Inc. has a one year low of $124.65 and a one year high of $165.49.
Digital Realty Trust (NYSE:DLR) last released its quarterly earnings data on Thursday, April 29th. The real estate investment trust reported $1.32 earnings per share for the quarter, missing the consensus estimate of $1.59 by ($0.27). Digital Realty Trust had a net margin of 12.43% and a return on equity of 3.31%. On average, equities research analysts predict that Digital Realty Trust, Inc. will post 6.53 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 30th. Stockholders of record on Tuesday, June 15th will be paid a $1.16 dividend. The ex-dividend date is Monday, June 14th. This represents a $4.64 annualized dividend and a dividend yield of 2.86%. Digital Realty Trust’s dividend payout ratio is currently 74.60%.
A number of equities research analysts have recently weighed in on the stock. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Digital Realty Trust from $170.00 to $165.00 and set a “buy” rating on the stock in a research note on Tuesday, February 16th. TD Securities raised their price target on shares of Digital Realty Trust from $170.00 to $175.00 and gave the company a “buy” rating in a research note on Friday, April 30th. Barclays raised their price target on shares of Digital Realty Trust from $169.00 to $177.00 and gave the company an “overweight” rating in a research note on Tuesday, April 27th. Raymond James cut their target price on shares of Digital Realty Trust from $175.00 to $168.00 and set a “strong-buy” rating on the stock in a research report on Tuesday, February 16th. They noted that the move was a valuation call. Finally, Mizuho lifted their target price on shares of Digital Realty Trust from $157.00 to $163.00 and gave the stock a “buy” rating in a research report on Wednesday, April 21st. Three analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $165.07.
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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