Makena Capital Management LLC Invests $8.55 Million in Digital Realty Trust, Inc. (NYSE:DLR)

Makena Capital Management LLC acquired a new stake in Digital Realty Trust, Inc. (NYSE:DLR) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 56,225 shares of the real estate investment trust’s stock, valued at approximately $8,549,000.

A number of other institutional investors have also made changes to their positions in DLR. The Manufacturers Life Insurance Company grew its stake in shares of Digital Realty Trust by 2.8% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 498,830 shares of the real estate investment trust’s stock valued at $75,847,000 after purchasing an additional 13,616 shares during the period. MBB Public Markets I LLC grew its position in shares of Digital Realty Trust by 619.5% during the 2nd quarter. MBB Public Markets I LLC now owns 22,047 shares of the real estate investment trust’s stock worth $3,352,000 after buying an additional 18,983 shares during the period. DigitalBridge Group Inc. acquired a new position in Digital Realty Trust in the second quarter valued at about $30,207,000. Electron Capital Partners LLC grew its holdings in shares of Digital Realty Trust by 220.7% in the 2nd quarter. Electron Capital Partners LLC now owns 1,041,594 shares of the real estate investment trust’s stock valued at $158,374,000 after buying an additional 716,816 shares during the period. Finally, APG Asset Management N.V. lifted its stake in Digital Realty Trust by 226.1% in the second quarter. APG Asset Management N.V. now owns 36,634 shares of the real estate investment trust’s stock valued at $5,197,000 after buying an additional 25,400 shares in the last quarter. 99.71% of the stock is owned by institutional investors.

Digital Realty Trust Stock Down 0.5 %

Digital Realty Trust stock opened at $162.06 on Friday. Digital Realty Trust, Inc. has a 12 month low of $113.94 and a 12 month high of $165.17. The stock has a fifty day simple moving average of $152.29 and a two-hundred day simple moving average of $147.57. The company has a current ratio of 1.78, a quick ratio of 1.78 and a debt-to-equity ratio of 0.81. The firm has a market cap of $53.06 billion, a price-to-earnings ratio of 45.02, a PEG ratio of 5.14 and a beta of 0.60.

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 for the quarter, missing the consensus estimate of $1.63 by ($1.43). The firm had revenue of $1.36 billion for the quarter, compared to the consensus estimate 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 quarterly revenue was down .7% compared to the same quarter last year. During the same period in the previous year, the company earned $1.68 earnings per share. Equities analysts predict that Digital Realty Trust, Inc. will post 6.65 EPS for the current fiscal year.

Digital Realty Trust Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Stockholders 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 3.01%. The ex-dividend date is Friday, September 13th. Digital Realty Trust’s payout ratio is presently 135.56%.

Wall Street Analyst Weigh In

DLR has been the subject of a number of recent analyst reports. The Goldman Sachs Group initiated coverage on Digital Realty Trust in a research report on Monday, July 1st. They issued a “buy” rating and a $175.00 price objective for the company. Barclays boosted their target price on Digital Realty Trust from $123.00 to $130.00 and gave the stock an “underweight” rating in a research note on Wednesday, July 24th. Wells Fargo & Company lifted their price objective on Digital Realty Trust from $155.00 to $170.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 23rd. Mizuho assumed coverage on Digital Realty Trust in a research note on Thursday, July 11th. They issued an “outperform” rating and a $170.00 price objective on the stock. Finally, BMO Capital Markets upgraded shares of 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 report on Wednesday, June 26th. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $154.00.

Insiders Place Their Bets

In other Digital Realty Trust 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 value of $90,156.00. Following the completion of the sale, the director now owns 9,055 shares of the company’s stock, valued at $1,360,604.30. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 0.17% of the stock is currently owned by company insiders.

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.