Oppenheimer Asset Management Inc. trimmed its holdings in DIGITAL RLTY TR/SH (NYSE:DLR) by 47.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,925 shares of the real estate investment trust’s stock after selling 9,923 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in DIGITAL RLTY TR/SH were worth $1,300,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Bessemer Group Inc. grew its stake in shares of DIGITAL RLTY TR/SH by 72.6% in the fourth quarter. Bessemer Group Inc. now owns 233 shares of the real estate investment trust’s stock worth $25,000 after acquiring an additional 98 shares in the last quarter. Ruggie Capital Group purchased a new stake in DIGITAL RLTY TR/SH in the fourth quarter valued at $28,000. Parkside Financial Bank & Trust lifted its position in DIGITAL RLTY TR/SH by 223.7% in the fourth quarter. Parkside Financial Bank & Trust now owns 382 shares of the real estate investment trust’s stock valued at $41,000 after acquiring an additional 264 shares during the last quarter. We Are One Seven LLC purchased a new stake in DIGITAL RLTY TR/SH in the fourth quarter valued at $42,000. Finally, Bremer Trust National Association purchased a new stake in DIGITAL RLTY TR/SH in the fourth quarter valued at $51,000. 99.17% of the stock is currently owned by institutional investors and hedge funds.
DLR has been the subject of a number of research reports. Stifel Nicolaus set a $130.00 target price on shares of DIGITAL RLTY TR/SH and gave the company a “buy” rating in a report on Friday, April 26th. Zacks Investment Research downgraded shares of DIGITAL RLTY TR/SH from a “buy” rating to a “hold” rating in a research note on Thursday, April 25th. Jefferies Financial Group downgraded shares of DIGITAL RLTY TR/SH from a “buy” rating to a “hold” rating and reduced their price objective for the company from $144.00 to $125.00 in a research note on Tuesday, April 23rd. Barclays reaffirmed a “buy” rating and set a $143.00 price target on shares of DIGITAL RLTY TR/SH in a research note on Tuesday, April 16th. Finally, ValuEngine downgraded shares of DIGITAL RLTY TR/SH from a “buy” rating to a “hold” rating in a research note on Tuesday, April 9th. Six research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $126.64.
NYSE:DLR traded up $0.67 during mid-day trading on Friday, hitting $119.98. The stock had a trading volume of 723,500 shares, compared to its average volume of 1,304,856. The company has a market cap of $24.98 billion, a PE ratio of 18.18, a P/E/G ratio of 2.53 and a beta of 0.46. The company has a quick ratio of 0.05, a current ratio of 0.05 and a debt-to-equity ratio of 0.18. DIGITAL RLTY TR/SH has a 52 week low of $100.05 and a 52 week high of $125.10.
DIGITAL RLTY TR/SH (NYSE:DLR) last released its earnings results on Thursday, April 25th. The real estate investment trust reported $1.73 earnings per share for the quarter, topping the consensus estimate of $1.65 by $0.08. The business had revenue of $814.50 million for the quarter, compared to the consensus estimate of $800.13 million. DIGITAL RLTY TR/SH had a net margin of 10.95% and a return on equity of 3.27%. The firm’s quarterly revenue was up 9.4% compared to the same quarter last year. During the same period last year, the firm posted $1.63 earnings per share. As a group, equities analysts anticipate that DIGITAL RLTY TR/SH will post 6.67 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be given a $1.08 dividend. This represents a $4.32 annualized dividend and a dividend yield of 3.60%. The ex-dividend date of this dividend is Thursday, June 13th. DIGITAL RLTY TR/SH’s dividend payout ratio (DPR) is currently 65.45%.
In other news, insider Edward F. Sham sold 17,233 shares of DIGITAL RLTY TR/SH stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $119.65, for a total value of $2,061,928.45. Following the transaction, the insider now directly owns 21,571 shares of the company’s stock, valued at $2,580,970.15. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Kevin Kennedy sold 400 shares of DIGITAL RLTY TR/SH stock in a transaction that occurred on Wednesday, May 8th. The shares were sold at an average price of $117.25, for a total transaction of $46,900.00. Following the completion of the sale, the director now owns 400 shares of the company’s stock, valued at $46,900. The disclosure for this sale can be found here. Over the last three months, insiders sold 27,633 shares of company stock worth $3,300,928. 0.49% of the stock is currently owned by insiders.
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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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