DNB Asset Management AS lowered its position in DIGITAL RLTY TR/SH (NYSE:DLR) by 11.0% in the first quarter, Holdings Channel reports. The fund owned 22,249 shares of the real estate investment trust’s stock after selling 2,749 shares during the period. DNB Asset Management AS’s holdings in DIGITAL RLTY TR/SH were worth $2,648,000 as of its most recent SEC filing.
A number of other institutional investors have also recently modified their holdings of the stock. Resources Management Corp CT ADV raised its holdings in DIGITAL RLTY TR/SH by 7.2% during the fourth quarter. Resources Management Corp CT ADV now owns 9,583 shares of the real estate investment trust’s stock worth $1,021,000 after purchasing an additional 640 shares in the last quarter. BLB&B Advisors LLC increased its holdings in shares of DIGITAL RLTY TR/SH by 54.8% in the 4th quarter. BLB&B Advisors LLC now owns 11,068 shares of the real estate investment trust’s stock valued at $1,179,000 after acquiring an additional 3,920 shares during the period. First Trust Advisors LP increased its holdings in shares of DIGITAL RLTY TR/SH by 5.1% in the 4th quarter. First Trust Advisors LP now owns 41,616 shares of the real estate investment trust’s stock valued at $4,434,000 after acquiring an additional 2,030 shares during the period. Marshall Wace North America L.P. acquired a new position in shares of DIGITAL RLTY TR/SH in the 3rd quarter valued at $14,744,000. Finally, Financial Gravity Companies Inc. acquired a new position in shares of DIGITAL RLTY TR/SH in the 4th quarter valued at $320,000. Institutional investors own 99.17% of the company’s stock.
A number of equities analysts have recently commented on DLR shares. ValuEngine cut shares of DIGITAL RLTY TR/SH from a “buy” rating to a “hold” rating in a report on Tuesday, April 9th. Barclays cut their target price on shares of DIGITAL RLTY TR/SH from $132.00 to $131.00 and set an “overweight” rating on the stock in a report on Thursday, January 3rd. BMO Capital Markets reaffirmed a “hold” rating and issued a $115.00 target price on shares of DIGITAL RLTY TR/SH in a report on Wednesday, February 6th. Zacks Investment Research raised shares of DIGITAL RLTY TR/SH from a “hold” rating to a “buy” rating and set a $135.00 target price on the stock in a report on Thursday, April 11th. Finally, TheStreet cut shares of DIGITAL RLTY TR/SH from a “b-” rating to a “c+” rating in a report on Wednesday, February 6th. Five equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $126.55.
In other DIGITAL RLTY TR/SH news, Director Kevin Kennedy sold 400 shares of the business’s stock in a transaction on Friday, February 8th. The shares were sold at an average price of $110.13, for a total value of $44,052.00. Following the transaction, the director now directly owns 400 shares of the company’s stock, valued at approximately $44,052. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Joshua A. Mills sold 10,000 shares of the business’s stock in a transaction on Monday, April 1st. The shares were sold at an average price of $119.21, for a total transaction of $1,192,100.00. Following the completion of the transaction, the senior vice president now directly owns 14,166 shares in the company, valued at $1,688,728.86. The disclosure for this sale can be found here. Insiders own 0.49% of the company’s stock.
Shares of DLR opened at $121.90 on Tuesday. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.21 and a current ratio of 0.21. The firm has a market capitalization of $25.55 billion, a price-to-earnings ratio of 18.65, a PEG ratio of 2.59 and a beta of 0.48. DIGITAL RLTY TR/SH has a 1 year low of $100.05 and a 1 year high of $125.10.
DIGITAL RLTY TR/SH (NYSE:DLR) last announced its quarterly earnings data on Tuesday, February 5th. The real estate investment trust reported $0.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.67 by ($1.52). The firm had revenue of $778.30 million during the quarter, compared to analyst estimates of $789.59 million. DIGITAL RLTY TR/SH had a net margin of 10.87% and a return on equity of 3.58%. The business’s quarterly revenue was up 6.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.26 earnings per share. As a group, equities research analysts expect that DIGITAL RLTY TR/SH will post 6.67 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 15th were paid a $1.08 dividend. This is a boost from DIGITAL RLTY TR/SH’s previous quarterly dividend of $1.01. This represents a $4.32 annualized dividend and a yield of 3.54%. The ex-dividend date was Thursday, March 14th. DIGITAL RLTY TR/SH’s payout ratio is currently 65.45%.
DIGITAL RLTY TR/SH 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 cloud and information technology services, communications and social networking to financial services, manufacturing, energy, healthcare, and consumer products.
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