The Digital Realty Trust, Inc. (DLR) Stake Increased by Hartford Investment Management Co.

The Digital Realty Trust, Inc. (DLR) Stake Increased by Hartford Investment Management Co.

Hartford Investment Management Co. boosted its position in Digital Realty Trust, Inc. (NYSE:DLR) by 4.1% during the third quarter, Holdings Channel reports. The fund owned 36,539 shares of the real estate investment trust’s stock after buying an additional 1,424 shares during the period. Hartford Investment Management Co.’s holdings in Digital Realty Trust were worth $3,549,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently modified their holdings of DLR. State Street Corp increased its position in shares of Digital Realty Trust by 61.0% in the second quarter. State Street Corp now owns 8,456,749 shares of the real estate investment trust’s stock worth $921,701,000 after buying an additional 3,203,272 shares during the last quarter. BlackRock Institutional Trust Company N.A. increased its position in shares of Digital Realty Trust by 5.2% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 5,635,394 shares of the real estate investment trust’s stock worth $614,202,000 after buying an additional 276,548 shares during the last quarter. Daiwa Securities Group Inc. increased its position in shares of Digital Realty Trust by 11.8% in the third quarter. Daiwa Securities Group Inc. now owns 5,291,746 shares of the real estate investment trust’s stock worth $513,934,000 after buying an additional 558,286 shares during the last quarter. BlackRock Fund Advisors increased its position in shares of Digital Realty Trust by 4.9% in the third quarter. BlackRock Fund Advisors now owns 4,899,109 shares of the real estate investment trust’s stock worth $475,801,000 after buying an additional 228,212 shares during the last quarter. Finally, APG Asset Management US Inc. increased its position in shares of Digital Realty Trust by 9.5% in the third quarter. APG Asset Management US Inc. now owns 4,053,696 shares of the real estate investment trust’s stock worth $393,695,000 after buying an additional 350,000 shares during the last quarter.

Digital Realty Trust, Inc. (NYSE:DLR) traded up 1.0788% during midday trading on Wednesday, reaching $104.4548. 828,676 shares of the company traded hands. The firm has a market capitalization of $16.60 billion, a price-to-earnings ratio of 71.9882 and a beta of 0.14. Digital Realty Trust, Inc. has a one year low of $69.89 and a one year high of $113.21. The firm has a 50-day moving average price of $96.85 and a 200-day moving average price of $97.68.

Digital Realty Trust (NYSE:DLR) last released its earnings results on Thursday, October 27th. The real estate investment trust reported $1.44 EPS for the quarter, hitting the Zacks’ consensus estimate of $1.44. The company had revenue of $546.30 million for the quarter, compared to analysts’ expectations of $538.82 million. Digital Realty Trust had a return on equity of 9.81% and a net margin of 15.25%. The business’s revenue for the quarter was up 25.3% compared to the same quarter last year. During the same period in the previous year, the business posted $1.28 EPS. Equities analysts predict that Digital Realty Trust, Inc. will post $2.01 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, January 13th. Stockholders of record on Thursday, December 15th were paid a dividend of $0.88 per share. This represents a $3.52 dividend on an annualized basis and a dividend yield of 3.41%. The ex-dividend date was Tuesday, December 13th. Digital Realty Trust’s payout ratio is 246.15%.

DLR has been the topic of a number of recent analyst reports. Deutsche Bank AG restated a “hold” rating and set a $106.00 target price (down from $108.00) on shares of Digital Realty Trust in a report on Monday, January 9th. Bank of America Corporation restated a “buy” rating and set a $120.00 target price on shares of Digital Realty Trust in a report on Wednesday, September 28th. Morgan Stanley upgraded shares of Digital Realty Trust from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $103.00 to $104.00 in a report on Tuesday, November 8th. Zacks Investment Research upgraded shares of Digital Realty Trust from a “hold” rating to a “buy” rating and set a $103.00 price objective on the stock in a report on Tuesday, October 11th. Finally, Canaccord Genuity reiterated a “buy” rating and issued a $105.00 price objective (up from $102.00) on shares of Digital Realty Trust in a report on Friday, December 23rd. Six investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $108.50.

In related news, SVP Joshua A. Mills sold 9,239 shares of Digital Realty Trust stock in a transaction dated Thursday, January 5th. The stock was sold at an average price of $101.94, for a total value of $941,823.66. Following the completion of the sale, the senior vice president now owns 9,815 shares of the company’s stock, valued at approximately $1,000,541.10. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP Joshua A. Mills sold 1,759 shares of Digital Realty Trust stock in a transaction dated Friday, December 16th. The stock was sold at an average price of $95.20, for a total value of $167,456.80. Following the completion of the sale, the senior vice president now directly owns 5,925 shares of the company’s stock, valued at approximately $564,060. The disclosure for this sale can be found here. Insiders own 0.29% of the company’s stock.

About Digital Realty Trust

Digital Realty Trust, Inc is a real estate investment trust (REIT). The Company owns, acquires, develops and manages technology-related real estate. The Company is focused on providing data center and colocation solutions for domestic and international tenants across a range of industry verticals ranging from financial services, cloud and information technology services, to manufacturing, energy, healthcare and consumer products.

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