Signaturefd LLC lifted its stake in DIGITAL RLTY TR/SH (NYSE:DLR) by 44.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 863 shares of the real estate investment trust’s stock after purchasing an additional 267 shares during the period. Signaturefd LLC’s holdings in DIGITAL RLTY TR/SH were worth $112,000 as of its most recent SEC filing.
Several other large investors also recently bought and sold shares of DLR. Buckingham Capital Management Inc. lifted its position in shares of DIGITAL RLTY TR/SH by 3.8% in the 1st quarter. Buckingham Capital Management Inc. now owns 34,281 shares of the real estate investment trust’s stock worth $4,079,000 after purchasing an additional 1,246 shares during the period. First Trust Advisors LP lifted its position in shares of DIGITAL RLTY TR/SH by 230.3% in the 1st quarter. First Trust Advisors LP now owns 137,473 shares of the real estate investment trust’s stock worth $16,359,000 after purchasing an additional 95,857 shares during the period. Amundi Pioneer Asset Management Inc. lifted its position in shares of DIGITAL RLTY TR/SH by 48.4% in the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 592,090 shares of the real estate investment trust’s stock worth $70,459,000 after purchasing an additional 193,197 shares during the period. Cox Capital Mgt LLC purchased a new stake in shares of DIGITAL RLTY TR/SH in the 2nd quarter worth about $1,069,000. Finally, First Financial Bank Trust Division lifted its position in shares of DIGITAL RLTY TR/SH by 8.3% in the 2nd quarter. First Financial Bank Trust Division now owns 34,047 shares of the real estate investment trust’s stock worth $4,010,000 after purchasing an additional 2,610 shares during the period.
Several research firms have recently commented on DLR. Guggenheim cut shares of DIGITAL RLTY TR/SH from a “buy” rating to a “neutral” rating and raised their target price for the stock from $127.00 to $132.00 in a research report on Wednesday, September 11th. Barclays set a $162.00 price target on shares of DIGITAL RLTY TR/SH and gave the company a “buy” rating in a research report on Friday, October 11th. Morgan Stanley cut shares of DIGITAL RLTY TR/SH from an “overweight” rating to an “equal” rating and lifted their price target for the company from $118.00 to $122.00 in a research report on Thursday, September 19th. Royal Bank of Canada set a $130.00 price target on shares of DIGITAL RLTY TR/SH and gave the company a “buy” rating in a research report on Friday, August 9th. Finally, Argus started coverage on shares of DIGITAL RLTY TR/SH in a research report on Wednesday, July 3rd. They set a “buy” rating and a $140.00 price target for the company. Seven investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $129.00.
Shares of NYSE DLR opened at $132.98 on Monday. DIGITAL RLTY TR/SH has a 1 year low of $100.05 and a 1 year high of $133.08. The stock has a market cap of $27.45 billion, a P/E ratio of 20.15, a price-to-earnings-growth ratio of 2.86 and a beta of 0.40. The firm has a 50-day moving average of $127.56 and a 200 day moving average of $121.29. The company has a debt-to-equity ratio of 1.16, a current ratio of 0.36 and a quick ratio of 0.36.
DIGITAL RLTY TR/SH (NYSE:DLR) last issued its quarterly earnings results on Tuesday, July 30th. The real estate investment trust reported $0.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.63 by ($1.48). DIGITAL RLTY TR/SH had a net margin of 10.00% and a return on equity of 3.01%. The business had revenue of $801.00 million for the quarter, compared to analysts’ expectations of $807.48 million. During the same period last year, the business earned $1.66 earnings per share. The company’s revenue was up 6.1% on a year-over-year basis. Research analysts expect that DIGITAL RLTY TR/SH will post 6.65 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 13th were paid a dividend of $1.08 per share. The ex-dividend date was Thursday, September 12th. This represents a $4.32 dividend on an annualized basis and a yield of 3.25%. DIGITAL RLTY TR/SH’s dividend payout ratio is currently 65.45%.
In other DIGITAL RLTY TR/SH news, Director Kevin Kennedy sold 400 shares of the firm’s stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $118.26, for a total transaction of $47,304.00. Following the completion of the sale, the director now directly owns 400 shares in the company, valued at approximately $47,304. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.49% of the stock is currently owned by company insiders.
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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