One Capital Management LLC Acquires 15,537 Shares of Digital Realty Trust, Inc. (NYSE:DLR)

One Capital Management LLC raised its holdings in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 733.9% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 17,654 shares of the real estate investment trust’s stock after purchasing an additional 15,537 shares during the period. One Capital Management LLC’s holdings in Digital Realty Trust were worth $2,684,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of DLR. Massachusetts Financial Services Co. MA raised its holdings in Digital Realty Trust by 543.6% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 1,447,340 shares of the real estate investment trust’s stock worth $220,068,000 after purchasing an additional 1,773,591 shares during the period. Vanguard Group Inc. grew its position in Digital Realty Trust by 2.0% in the first quarter. Vanguard Group Inc. now owns 48,503,593 shares of the real estate investment trust’s stock worth $6,986,458,000 after acquiring an additional 951,567 shares in the last quarter. Balyasny Asset Management L.P. purchased a new position in Digital Realty Trust in the fourth quarter worth about $107,372,000. Daiwa Securities Group Inc. grew its position in Digital Realty Trust by 16.8% in the second quarter. Daiwa Securities Group Inc. now owns 4,725,971 shares of the real estate investment trust’s stock worth $718,584,000 after acquiring an additional 678,165 shares in the last quarter. Finally, Kodai Capital Management LP purchased a new position in Digital Realty Trust in the fourth quarter worth about $59,087,000. Institutional investors own 99.71% of the company’s stock.

Digital Realty Trust Stock Up 1.2 %

Shares of NYSE:DLR opened at $160.85 on Tuesday. The stock has a market cap of $50.25 billion, a P/E ratio of 44.68, a P/E/G ratio of 5.06 and a beta of 0.60. The firm has a fifty day moving average price of $151.98 and a 200 day moving average price of $147.10. 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, Inc. has a 1-year low of $113.94 and a 1-year high of $162.58.

Digital Realty Trust (NYSE:DLR) last issued its quarterly 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 for the quarter, compared to analyst estimates of $1.38 billion. Digital Realty Trust had a return on equity of 5.93% and a net margin of 20.58%. The firm’s revenue for the quarter was down .7% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.68 EPS. Sell-side analysts predict that Digital Realty Trust, Inc. will post 6.65 EPS for the current year.

Digital Realty Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 13th will be given a dividend of $1.22 per share. The ex-dividend date of this dividend is Friday, September 13th. This represents a $4.88 dividend on an annualized basis and a yield of 3.03%. Digital Realty Trust’s payout ratio is currently 135.56%.

Insiders Place Their Bets

In other news, Director Jean F. H. P. Mandeville sold 600 shares of the stock in a transaction dated 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 transaction, the director now owns 9,055 shares in the company, valued at approximately $1,360,604.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.17% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

DLR has been the subject of several research reports. BMO Capital Markets upgraded Digital Realty Trust from a “market perform” rating to an “outperform” rating and upped their target price for the stock from $144.00 to $170.00 in a report on Wednesday, June 26th. Mizuho began coverage on shares of Digital Realty Trust in a research note on Thursday, July 11th. They set an “outperform” rating and a $170.00 price objective on the stock. Wells Fargo & Company raised their target price on shares of Digital Realty Trust from $155.00 to $170.00 and gave the company an “overweight” rating in a research note on Tuesday, July 23rd. Royal Bank of Canada raised their target price on shares of Digital Realty Trust from $144.00 to $160.00 and gave the company an “outperform” rating in a research note on Monday, June 3rd. Finally, Deutsche Bank Aktiengesellschaft raised their price target on shares of Digital Realty Trust from $143.00 to $145.00 and gave the stock a “hold” rating in a report on Thursday, May 30th. Three 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 given a strong buy rating to the company. Based on data from MarketBeat.com, Digital Realty Trust presently has an average rating of “Hold” and a consensus target price of $154.00.

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.