BB&T Securities LLC lowered its stake in shares of Digital Realty (NYSE:DLR) by 1.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 60,164 shares of the real estate investment trust’s stock after selling 861 shares during the quarter. BB&T Securities LLC’s holdings in Digital Realty were worth $6,852,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also bought and sold shares of the company. Amica Retiree Medical Trust purchased a new position in Digital Realty in the third quarter valued at about $102,000. Grove Bank & Trust boosted its holdings in shares of Digital Realty by 1,284.6% in the 3rd quarter. Grove Bank & Trust now owns 900 shares of the real estate investment trust’s stock valued at $106,000 after purchasing an additional 835 shares during the last quarter. Thompson Siegel & Walmsley LLC boosted its holdings in shares of Digital Realty by 4,984.2% in the 3rd quarter. Thompson Siegel & Walmsley LLC now owns 966 shares of the real estate investment trust’s stock valued at $114,000 after purchasing an additional 947 shares during the last quarter. Fieldpoint Private Securities LLC acquired a new position in shares of Digital Realty in the 3rd quarter valued at $134,000. Finally, SeaCrest Wealth Management LLC acquired a new position in shares of Digital Realty during the 4th quarter valued at $165,000. 99.95% of the stock is currently owned by hedge funds and other institutional investors.
A number of brokerages have commented on DLR. Moffett Nathanson began coverage on shares of Digital Realty in a report on Monday. They issued a “hold” rating and a $115.00 price objective on the stock. ValuEngine raised shares of Digital Realty from a “hold” rating to a “buy” rating in a research report on Wednesday, March 14th. Raymond James Financial raised shares of Digital Realty from a “market perform” rating to an “outperform” rating in a research note on Monday, March 12th. UBS raised shares of Digital Realty from a “market perform” rating to an “outperform” rating in a research note on Monday, March 12th. Finally, Robert W. Baird reissued a “buy” rating and set a $125.00 target price on shares of Digital Realty in a research note on Friday, February 23rd. Seven investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $121.82.
In other Digital Realty news, SVP Christopher Kenney sold 10,000 shares of the stock in a transaction that occurred on Friday, March 9th. The shares were sold at an average price of $103.47, for a total transaction of $1,034,700.00. Following the completion of the sale, the senior vice president now owns 10,000 shares of the company’s stock, valued at approximately $1,034,700. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.43% of the company’s stock.
Shares of NYSE DLR traded down $3.56 during midday trading on Thursday, reaching $100.99. The company’s stock had a trading volume of 1,519,649 shares, compared to its average volume of 1,486,449. The company has a market capitalization of $21,262.07, a PE ratio of 16.45, a price-to-earnings-growth ratio of 2.33 and a beta of -0.02. Digital Realty has a fifty-two week low of $96.56 and a fifty-two week high of $127.23. The company has a quick ratio of 0.25, a current ratio of 0.25 and a debt-to-equity ratio of 0.88.
Digital Realty (NYSE:DLR) last released its quarterly earnings data on Thursday, February 15th. The real estate investment trust reported $0.34 EPS for the quarter, missing the Zacks’ consensus estimate of $1.52 by ($1.18). The company had revenue of $731.45 million for the quarter, compared to the consensus estimate of $729.30 million. Digital Realty had a return on equity of 4.03% and a net margin of 10.10%. sell-side analysts expect that Digital Realty will post 6.54 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, March 30th. Stockholders of record on Thursday, March 15th were paid a $1.01 dividend. The ex-dividend date was Wednesday, March 14th. This represents a $4.04 annualized dividend and a dividend yield of 4.00%. This is an increase from Digital Realty’s previous quarterly dividend of $0.93. Digital Realty’s dividend payout ratio is currently 65.80%.
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Digital Realty Profile
Digital Realty supports the data center, colocation and interconnection strategies of more than 2,300 firms across its secure, network-rich portfolio of data centers located throughout North America, Europe, Asia and Australia. Digital Realty's clients include domestic and international companies of all sizes, ranging from financial services, cloud and information technology services, to manufacturing, energy, gaming, life sciences and consumer products.
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