L & S Advisors Inc Has $10.07 Million Stock Position in Digital Realty Trust, Inc. (NYSE:DLR)

L & S Advisors Inc lifted its position in Digital Realty Trust, Inc. (NYSE:DLR) by 289.8% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 66,240 shares of the real estate investment trust’s stock after buying an additional 49,246 shares during the period. Digital Realty Trust comprises 1.1% of L & S Advisors Inc’s holdings, making the stock its 20th largest position. L & S Advisors Inc’s holdings in Digital Realty Trust were worth $10,072,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Massachusetts Financial Services Co. MA raised its holdings in shares of Digital Realty Trust by 543.6% during the second 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 acquiring an additional 1,773,591 shares during the period. Vanguard Group Inc. lifted its holdings in shares of 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 valued at $6,986,458,000 after purchasing an additional 951,567 shares in the last quarter. Balyasny Asset Management L.P. acquired a new position in shares of Digital Realty Trust during the fourth quarter worth about $107,372,000. Wulff Hansen & CO. grew its holdings in shares of Digital Realty Trust by 15,105.0% during the second quarter. Wulff Hansen & CO. now owns 795,830 shares of the real estate investment trust’s stock worth $121,006,000 after buying an additional 790,596 shares in the last quarter. Finally, Daiwa Securities Group Inc. boosted its position in Digital Realty Trust by 16.8% during the 2nd 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 during the last quarter. 99.71% of the stock is currently owned by institutional investors.

Insider Activity

In related news, Director Jean F. H. P. Mandeville sold 600 shares of the company’s stock in a transaction on 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 sale, the director now directly owns 9,055 shares in the company, valued at approximately $1,360,604.30. The sale was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 0.17% of the company’s stock.

Digital Realty Trust Price Performance

Shares of NYSE DLR opened at $160.85 on Tuesday. The stock has a market capitalization of $50.25 billion, a PE ratio of 44.68, a P/E/G ratio of 5.06 and a beta of 0.60. Digital Realty Trust, Inc. has a fifty-two week low of $113.94 and a fifty-two week high of $162.58. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.78 and a quick ratio of 1.78. The business has a fifty day moving average price of $151.98 and a two-hundred day moving average price of $147.10.

Digital Realty Trust (NYSE:DLR) last announced its quarterly earnings data 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 firm 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 company’s quarterly revenue was down .7% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.68 earnings per share. As a group, equities analysts predict that Digital Realty Trust, Inc. will post 6.65 earnings per share for the current fiscal year.

Digital Realty Trust Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of analysts have recently commented on DLR shares. BMO Capital Markets raised shares of Digital Realty Trust from a “market perform” rating to an “outperform” rating and boosted their price objective for the stock from $144.00 to $170.00 in a research report on Wednesday, June 26th. Mizuho started coverage on Digital Realty Trust in a report on Thursday, July 11th. They issued an “outperform” rating and a $170.00 price objective for the company. TD Cowen reduced their price target on Digital Realty Trust from $122.00 to $120.00 and set a “hold” rating for the company in a research report on Friday, July 26th. Stifel Nicolaus boosted their price target on Digital Realty Trust from $165.00 to $175.00 and gave the stock a “buy” rating in a research report on Friday, July 12th. Finally, Royal Bank of Canada increased their price objective on Digital Realty Trust from $144.00 to $160.00 and gave the company an “outperform” rating in a report on Monday, June 3rd. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $154.00.

Digital Realty Trust 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.