The Naples Global Advisors LLC Has $943,000 Stake in Digital Realty Trust, Inc. (DLR)

The Naples Global Advisors LLC Has $943,000 Stake in Digital Realty Trust, Inc. (DLR)

Other hedge funds have also added to or reduced their stakes in the company. Schneider Downs Wealth Management Advisors LP acquired a new stake in Digital Realty Trust during the first quarter valued at approximately $213,000. Capstone Asset Management Co. raised its stake in Digital Realty Trust by 0.8% in the first quarter. Capstone Asset Management Co. now owns 18,371 shares of the real estate investment trust’s stock valued at $1,954,000 after buying an additional 150 shares in the last quarter. National Pension Service raised its stake in Digital Realty Trust by 9.2% in the first quarter. National Pension Service now owns 138,269 shares of the real estate investment trust’s stock valued at $14,579,000 after buying an additional 11,614 shares in the last quarter. Gulf International Bank UK Ltd increased its stake in shares of Digital Realty Trust by 1.4% in the first quarter. Gulf International Bank UK Ltd now owns 49,976 shares of the real estate investment trust’s stock valued at $5,316,000 after buying an additional 700 shares during the period. Finally, Sheets Smith Wealth Management increased its stake in shares of Digital Realty Trust by 0.8% in the first quarter. Sheets Smith Wealth Management now owns 4,912 shares of the real estate investment trust’s stock valued at $523,000 after buying an additional 39 shares during the period.

Naples Global Advisors LLC maintained its stake in Digital Realty Trust, Inc. (NYSE:DLR) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 8,347 shares of the real estate investment trust’s stock at the end of the second quarter. Naples Global Advisors LLC’s holdings in Digital Realty Trust were worth $943,000 at the end of the most recent quarter.

Digital Realty Trust, Inc. (NYSE DLR) traded down 0.69% on Tuesday, reaching $113.77. 825,056 shares of the company’s stock traded hands. The firm has a market cap of $18.45 billion, a price-to-earnings ratio of 46.21 and a beta of -0.03. The stock’s 50 day moving average is $114.26 and its 200 day moving average is $110.85. Digital Realty Trust, Inc. has a 52-week low of $85.63 and a 52-week high of $121.53.

Digital Realty Trust (NYSE:DLR) last announced its quarterly earnings data on Thursday, July 27th. The real estate investment trust reported $1.54 EPS for the quarter, topping the Zacks’ consensus estimate of $1.49 by $0.05. The business had revenue of $565.99 million for the quarter, compared to analyst estimates of $559.93 million. Digital Realty Trust had a net margin of 21.27% and a return on equity of 12.39%. The firm’s revenue for the quarter was up 9.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.42 earnings per share. On average, equities research analysts predict that Digital Realty Trust, Inc. will post $1.58 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 15th will be issued a dividend of $0.93 per share. The ex-dividend date is Thursday, September 14th. This represents a $3.72 dividend on an annualized basis and a yield of 3.27%. Digital Realty Trust’s payout ratio is 148.21%.

Several brokerages recently commented on DLR. BidaskClub upgraded shares of Digital Realty Trust from a “hold” rating to a “buy” rating in a research report on Saturday, June 24th. Royal Bank Of Canada restated a “buy” rating and issued a $127.00 price target on shares of Digital Realty Trust in a research report on Thursday, June 8th. Zacks Investment Research downgraded shares of Digital Realty Trust from a “buy” rating to a “hold” rating in a research report on Wednesday, August 2nd. Wells Fargo & Company downgraded shares of Digital Realty Trust from an “outperform” rating to a “market perform” rating and set a $118.00 price target for the company. in a research report on Wednesday, May 17th. Finally, Stifel Nicolaus upped their price target on shares of Digital Realty Trust from $110.00 to $117.00 and gave the company a “hold” rating in a research report on Monday, May 1st. Eight analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $116.67.

In related news, SVP Joshua A. Mills sold 9,211 shares of the business’s stock in a transaction on Tuesday, June 6th. The shares were sold at an average price of $120.00, for a total transaction of $1,105,320.00. Following the transaction, the senior vice president now directly owns 13,377 shares in the company, valued at $1,605,240. The sale was disclosed in a filing with the SEC, which is available through this link. 0.40% of the stock is currently owned by insiders.

About Digital Realty Trust

Digital Realty Trust, Inc is a real estate investment trust (REIT). The Company is engaged in the business of owning, acquiring, developing and operating data centers. 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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