Texas Permanent School Fund trimmed its stake in shares of DIGITAL RLTY TR/SH (NYSE:DLR) by 7.9% during the 3rd quarter, Holdings Channel reports. The fund owned 46,266 shares of the real estate investment trust’s stock after selling 3,992 shares during the quarter. Texas Permanent School Fund’s holdings in DIGITAL RLTY TR/SH were worth $5,204,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently bought and sold shares of DLR. Centaurus Financial Inc. bought a new stake in shares of DIGITAL RLTY TR/SH in the 2nd quarter worth approximately $103,000. Winslow Evans & Crocker Inc. grew its position in shares of DIGITAL RLTY TR/SH by 105.5% in the 3rd quarter. Winslow Evans & Crocker Inc. now owns 1,118 shares of the real estate investment trust’s stock worth $128,000 after buying an additional 574 shares during the last quarter. Qube Research & Technologies Ltd grew its position in shares of DIGITAL RLTY TR/SH by 378.1% in the 2nd quarter. Qube Research & Technologies Ltd now owns 1,200 shares of the real estate investment trust’s stock worth $134,000 after buying an additional 949 shares during the last quarter. NEXT Financial Group Inc bought a new stake in shares of DIGITAL RLTY TR/SH in the 3rd quarter worth approximately $156,000. Finally, TRUE Private Wealth Advisors bought a new stake in shares of DIGITAL RLTY TR/SH in the 3rd quarter worth approximately $176,000. Institutional investors and hedge funds own 98.37% of the company’s stock.
DLR has been the topic of a number of recent analyst reports. Zacks Investment Research upgraded DIGITAL RLTY TR/SH from a “hold” rating to a “buy” rating and set a $130.00 price objective on the stock in a research report on Monday, July 16th. Stifel Nicolaus initiated coverage on DIGITAL RLTY TR/SH in a research report on Tuesday, July 17th. They issued a “buy” rating and a $128.00 price objective on the stock. BMO Capital Markets initiated coverage on DIGITAL RLTY TR/SH in a research report on Tuesday, July 17th. They issued a “market perform” rating and a $120.00 price objective on the stock. Guggenheim reiterated a “hold” rating and issued a $125.00 price objective on shares of DIGITAL RLTY TR/SH in a research report on Friday, July 20th. Finally, Jefferies Financial Group reiterated a “hold” rating and issued a $125.00 price objective on shares of DIGITAL RLTY TR/SH in a research report on Friday, July 27th. Seven research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $127.00.
DIGITAL RLTY TR/SH (NYSE:DLR) last released its earnings results on Thursday, October 25th. The real estate investment trust reported $0.33 EPS for the quarter, missing the Zacks’ consensus estimate of $1.62 by ($1.29). The firm had revenue of $768.92 million during the quarter, compared to analysts’ expectations of $773.08 million. DIGITAL RLTY TR/SH had a net margin of 11.78% and a return on equity of 3.94%. As a group, research analysts expect that DIGITAL RLTY TR/SH will post 6.61 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 28th. Shareholders of record on Friday, September 14th were paid a dividend of $1.01 per share. This represents a $4.04 dividend on an annualized basis and a yield of 3.81%. The ex-dividend date of this dividend was Thursday, September 13th. DIGITAL RLTY TR/SH’s payout ratio is 65.80%.
DIGITAL RLTY TR/SH Company 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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