Prudential Financial Inc. lifted its holdings in shares of DIGITAL RLTY TR/SH (NYSE:DLR) by 67.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 791,130 shares of the real estate investment trust’s stock after purchasing an additional 319,521 shares during the period. Prudential Financial Inc.’s holdings in DIGITAL RLTY TR/SH were worth $84,295,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also modified their holdings of the company. Ruggie Capital Group acquired a new position in shares of DIGITAL RLTY TR/SH in the 4th quarter valued at $28,000. Parkside Financial Bank & Trust boosted its holdings in shares of DIGITAL RLTY TR/SH by 223.7% in the 4th quarter. Parkside Financial Bank & Trust now owns 382 shares of the real estate investment trust’s stock valued at $41,000 after purchasing an additional 264 shares during the last quarter. We Are One Seven LLC acquired a new position in shares of DIGITAL RLTY TR/SH in the 4th quarter valued at $42,000. CWM LLC boosted its holdings in shares of DIGITAL RLTY TR/SH by 160.1% in the 4th quarter. CWM LLC now owns 489 shares of the real estate investment trust’s stock valued at $52,000 after purchasing an additional 301 shares during the last quarter. Finally, Lavaca Capital LLC acquired a new position in shares of DIGITAL RLTY TR/SH in the 4th quarter valued at $64,000. 99.17% of the stock is owned by institutional investors and hedge funds.
Shares of NYSE:DLR traded down $1.55 during trading on Thursday, reaching $116.94. 46,777 shares of the company’s stock traded hands, compared to its average volume of 1,547,022. The company has a quick ratio of 0.34, a current ratio of 0.31 and a debt-to-equity ratio of 1.16. DIGITAL RLTY TR/SH has a 12 month low of $96.56 and a 12 month high of $125.10. The company has a market cap of $24.44 billion, a PE ratio of 17.72, a P/E/G ratio of 2.49 and a beta of 0.49.
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 for the quarter, missing analysts’ consensus estimates of $1.67 by ($1.52). DIGITAL RLTY TR/SH had a net margin of 10.87% and a return on equity of 3.58%. The business had revenue of $778.30 million for the quarter, compared to the consensus estimate of $789.59 million. During the same period in the prior year, the company earned $0.26 EPS. DIGITAL RLTY TR/SH’s quarterly revenue was up 6.4% on a year-over-year basis. As a group, research analysts forecast that DIGITAL RLTY TR/SH will post 6.68 EPS for the current fiscal year.
A number of equities analysts have weighed in on the stock. ValuEngine upgraded shares of DIGITAL RLTY TR/SH from a “hold” rating to a “buy” rating in a report on Tuesday. Barclays decreased their price target 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. TheStreet lowered shares of DIGITAL RLTY TR/SH from a “b-” rating to a “c+” rating in a report on Wednesday, February 6th. Royal Bank of Canada decreased their price target on shares of DIGITAL RLTY TR/SH from $131.00 to $124.00 and set an “outperform” rating on the stock in a report on Monday, November 5th. Finally, BMO Capital Markets reiterated a “hold” rating and issued a $115.00 price target on shares of DIGITAL RLTY TR/SH in a report on Wednesday, February 6th. Five analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $126.17.
In other news, Director Kevin Kennedy sold 400 shares of the business’s stock in a transaction that occurred on Friday, February 8th. The shares were sold at an average price of $110.13, for a total transaction of $44,052.00. Following the sale, the director now owns 400 shares in the company, valued at $44,052. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Christopher Sharp sold 7,871 shares of the business’s stock in a transaction that occurred on Monday, December 3rd. The shares were sold at an average price of $116.00, for a total transaction of $913,036.00. Following the sale, the insider now owns 8,933 shares in the company, valued at approximately $1,036,228. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 8,671 shares of company stock valued at $1,002,892. Company insiders own 0.43% of the company’s stock.
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About DIGITAL RLTY TR/SH
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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