Massmutual Trust Co. FSB ADV Raises Stock Position in Digital Realty Trust, Inc. (NYSE:DLR)

Massmutual Trust Co. FSB ADV increased its stake in Digital Realty Trust, Inc. (NYSE:DLR) by 2.0% in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 26,773 shares of the real estate investment trust’s stock after acquiring an additional 528 shares during the quarter. Massmutual Trust Co. FSB ADV’s holdings in Digital Realty Trust were worth $4,071,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Rise Advisors LLC grew its holdings in shares of Digital Realty Trust by 1,125.0% during the first quarter. Rise Advisors LLC now owns 196 shares of the real estate investment trust’s stock worth $28,000 after buying an additional 180 shares in the last quarter. GoalVest Advisory LLC purchased a new position in Digital Realty Trust in the first quarter valued at approximately $29,000. Bfsg LLC acquired a new stake in shares of Digital Realty Trust in the fourth quarter valued at approximately $31,000. Future Financial Wealth Managment LLC acquired a new stake in shares of Digital Realty Trust in the first quarter valued at approximately $34,000. Finally, Turtle Creek Wealth Advisors LLC acquired a new stake in shares of Digital Realty Trust in the fourth quarter valued at approximately $32,000. Hedge funds and other institutional investors own 99.71% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently weighed in on DLR. Stifel Nicolaus increased their price objective on Digital Realty Trust from $165.00 to $175.00 and gave the company a “buy” rating in a report on Friday, July 12th. Wells Fargo & Company raised their price target on Digital Realty Trust from $155.00 to $170.00 and gave the company an “overweight” rating in a research report on Tuesday, July 23rd. Deutsche Bank Aktiengesellschaft lifted their price objective on Digital Realty Trust from $143.00 to $145.00 and gave the stock a “hold” rating in a research report on Thursday, May 30th. Mizuho assumed coverage on Digital Realty Trust in a report on Thursday, July 11th. They issued an “outperform” rating and a $170.00 price target for the company. Finally, BMO Capital Markets raised Digital Realty Trust from a “market perform” rating to an “outperform” rating and lifted their price objective for the company from $144.00 to $170.00 in a research note on Wednesday, June 26th. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $153.44.

Digital Realty Trust Stock Performance

Shares of DLR stock traded down $6.41 on Monday, hitting $144.43. 2,320,639 shares of the stock traded hands, compared to its average volume of 1,923,000. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.78 and a quick ratio of 1.29. The company has a market capitalization of $45.12 billion, a PE ratio of 41.90, a PEG ratio of 10.97 and a beta of 0.59. Digital Realty Trust, Inc. has a 1-year low of $113.94 and a 1-year high of $162.58. The company’s fifty day moving average is $150.15 and its 200 day moving average is $144.98.

Digital Realty Trust (NYSE:DLR) last issued its earnings results on Thursday, July 25th. The real estate investment trust reported $0.20 earnings per share for the quarter, missing the consensus estimate of $1.63 by ($1.43). Digital Realty Trust had a return on equity of 5.93% and a net margin of 20.58%. The company had revenue of $1.36 billion during the quarter, compared to analyst estimates of $1.38 billion. During the same period in the prior year, the business earned $1.68 earnings per share. Digital Realty Trust’s quarterly revenue was down .7% on a year-over-year basis. On average, equities research analysts predict that Digital Realty Trust, Inc. will post 6.67 earnings per share for the current fiscal year.

Digital Realty Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, June 14th were paid a $1.22 dividend. The ex-dividend date was Friday, June 14th. This represents a $4.88 annualized dividend and a dividend yield of 3.38%. Digital Realty Trust’s payout ratio is 135.56%.

Insider Activity 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 stock was sold at an average price of $150.26, for a total transaction of $90,156.00. Following the completion of the transaction, the director now owns 9,055 shares of the company’s stock, valued at $1,360,604.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.17% of the company’s stock.

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.