L & S Advisors Inc Purchases 49,246 Shares of Digital Realty Trust, Inc. (NYSE:DLR)

L & S Advisors Inc raised its position in Digital Realty Trust, Inc. (NYSE:DLR) by 289.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 66,240 shares of the real estate investment trust’s stock after purchasing an additional 49,246 shares during the quarter. Digital Realty Trust accounts for about 1.1% of L & S Advisors Inc’s holdings, making the stock its 20th biggest holding. L & S Advisors Inc’s holdings in Digital Realty Trust were worth $10,072,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the company. Meeder Asset Management Inc. bought a new position in Digital Realty Trust in the 2nd quarter valued at approximately $25,000. Gradient Investments LLC raised its stake in shares of Digital Realty Trust by 75.2% during the second quarter. Gradient Investments LLC now owns 177 shares of the real estate investment trust’s stock valued at $27,000 after acquiring an additional 76 shares during the last quarter. American Capital Advisory LLC bought a new stake in shares of Digital Realty Trust in the second quarter worth $27,000. Private Ocean LLC acquired a new stake in Digital Realty Trust in the second quarter valued at $27,000. Finally, Rise Advisors LLC increased its holdings in Digital Realty Trust by 1,125.0% in the first 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 Transactions at Digital Realty Trust

In related news, Director Jean F. H. P. Mandeville sold 600 shares of the firm’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $150.26, for a total transaction of $90,156.00. Following the transaction, the director now directly owns 9,055 shares of the company’s stock, valued at $1,360,604.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.17% of the company’s stock.

Digital Realty Trust Stock Up 1.2 %

Digital Realty Trust stock opened at $160.85 on Tuesday. The firm has a market capitalization of $50.25 billion, a price-to-earnings ratio of 44.68, a price-to-earnings-growth ratio of 5.06 and a beta of 0.60. The firm’s fifty day moving average price is $151.98 and its two-hundred day moving average price is $147.10. Digital Realty Trust, Inc. has a 1-year low of $113.94 and a 1-year high of $162.58. The company has a current ratio of 1.78, a quick ratio of 1.78 and a debt-to-equity ratio of 0.81.

Digital Realty Trust (NYSE:DLR) last released its quarterly earnings results on Thursday, July 25th. The real estate investment trust reported $0.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.63 by ($1.43). The company had revenue of $1.36 billion for 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%. Digital Realty Trust’s revenue for the quarter was down .7% on a year-over-year basis. During the same quarter last year, the firm posted $1.68 EPS. On average, equities research analysts predict that Digital Realty Trust, Inc. will post 6.65 earnings per share for the current fiscal 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 issued a dividend of $1.22 per share. This represents a $4.88 dividend on an annualized basis and a yield of 3.03%. The ex-dividend date of this dividend is Friday, September 13th. Digital Realty Trust’s dividend payout ratio is 135.56%.

Analyst Ratings Changes

A number of equities research analysts have commented on DLR shares. TD Cowen reduced their price target on Digital Realty Trust from $122.00 to $120.00 and set a “hold” rating on the stock in a research report on Friday, July 26th. Truist Financial raised their price target on shares of Digital Realty Trust from $160.00 to $168.00 and gave the stock a “buy” rating in a report on Tuesday, August 13th. Stifel Nicolaus upped their price objective on shares of Digital Realty Trust from $165.00 to $175.00 and gave the company a “buy” rating in a research note on Friday, July 12th. Argus downgraded shares of Digital Realty Trust from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Finally, Mizuho initiated coverage on Digital Realty Trust in a report on Thursday, July 11th. They set an “outperform” rating and a $170.00 price target for the company. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $154.00.

Digital Realty Trust Company Profile

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.