Presima Securities ULC Has $1.34 Million Holdings in Digital Realty Trust, Inc. (NYSE:DLR)

Presima Securities ULC decreased its position in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 53.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,286 shares of the real estate investment trust’s stock after selling 9,350 shares during the period. Presima Securities ULC’s holdings in Digital Realty Trust were worth $1,341,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in DLR. Meeder Asset Management Inc. bought a new stake in Digital Realty Trust during the 2nd quarter valued at approximately $25,000. Gradient Investments LLC grew its stake in shares of Digital Realty Trust by 75.2% in the second quarter. Gradient Investments LLC now owns 177 shares of the real estate investment trust’s stock worth $27,000 after acquiring an additional 76 shares during the last quarter. American Capital Advisory LLC acquired a new stake in shares of Digital Realty Trust in the second quarter worth $27,000. Private Ocean LLC acquired a new position in Digital Realty Trust during the 2nd quarter valued at $27,000. Finally, Rise Advisors LLC boosted its holdings in Digital Realty Trust by 1,125.0% in the 1st quarter. Rise Advisors LLC now owns 196 shares of the real estate investment trust’s stock valued at $28,000 after purchasing an additional 180 shares during the period. 99.71% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Jean F. H. P. Mandeville sold 600 shares of the business’s stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $150.26, for a total transaction of $90,156.00. Following the completion of the sale, the director now directly owns 9,055 shares of the company’s stock, valued at $1,360,604.30. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Insiders own 0.17% of the company’s stock.

Digital Realty Trust Stock Up 0.6 %

NYSE DLR opened at $162.17 on Thursday. The stock’s 50 day simple moving average is $155.25 and its 200 day simple moving average is $149.43. Digital Realty Trust, Inc. has a one year low of $113.94 and a one year high of $165.17. The firm has a market cap of $50.67 billion, a PE ratio of 45.05, a price-to-earnings-growth ratio of 5.08 and a beta of 0.60. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.78 and a quick ratio of 1.78.

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, sell-side analysts forecast that Digital Realty Trust, Inc. will post 6.65 earnings per share for the current fiscal year.

Digital Realty Trust Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, September 13th were issued a $1.22 dividend. This represents a $4.88 dividend on an annualized basis and a dividend yield of 3.01%. The ex-dividend date of this dividend was Friday, September 13th. Digital Realty Trust’s dividend payout ratio is currently 135.56%.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on DLR. TD Cowen dropped their price objective on shares of Digital Realty Trust from $122.00 to $120.00 and set a “hold” rating on the stock in a report on Friday, July 26th. Argus cut Digital Realty Trust from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Hsbc Global Res raised Digital Realty Trust from a “moderate sell” rating to a “hold” rating in a report on Friday, October 4th. JPMorgan Chase & Co. boosted their price objective on Digital Realty Trust from $175.00 to $180.00 and gave the company an “overweight” rating in a research report on Tuesday, October 1st. Finally, Mizuho assumed coverage on Digital Realty Trust in a research report on Thursday, July 11th. They issued an “outperform” rating and a $170.00 target price for the company. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Digital Realty Trust has an average rating of “Hold” and an average price target of $156.89.

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.