Creative Planning Trims Holdings in DIGITAL RLTY TR/SH (DLR)

Creative Planning reduced its holdings in shares of DIGITAL RLTY TR/SH (NYSE:DLR) by 8.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 11,350 shares of the real estate investment trust’s stock after selling 1,068 shares during the period. Creative Planning’s holdings in DIGITAL RLTY TR/SH were worth $1,209,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in DLR. Dupont Capital Management Corp increased its stake in shares of DIGITAL RLTY TR/SH by 13.2% in the fourth quarter. Dupont Capital Management Corp now owns 33,368 shares of the real estate investment trust’s stock worth $3,555,000 after purchasing an additional 3,883 shares in the last quarter. State Board of Administration of Florida Retirement System increased its stake in shares of DIGITAL RLTY TR/SH by 1.7% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 275,879 shares of the real estate investment trust’s stock worth $29,395,000 after purchasing an additional 4,533 shares in the last quarter. Benjamin F. Edwards & Company Inc. increased its stake in shares of DIGITAL RLTY TR/SH by 13.2% in the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 5,828 shares of the real estate investment trust’s stock worth $621,000 after purchasing an additional 678 shares in the last quarter. Ruggie Capital Group purchased a new stake in shares of DIGITAL RLTY TR/SH in the fourth quarter worth $28,000. Finally, Rhumbline Advisers increased its stake in shares of DIGITAL RLTY TR/SH by 0.5% in the fourth quarter. Rhumbline Advisers now owns 373,012 shares of the real estate investment trust’s stock worth $39,744,000 after purchasing an additional 1,740 shares in the last quarter. 99.17% of the stock is owned by institutional investors and hedge funds.

In other DIGITAL RLTY TR/SH news, insider Christopher Sharp sold 7,871 shares of the stock in a transaction 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 completion of the transaction, the insider now owns 8,933 shares in the company, valued at $1,036,228. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Kevin Kennedy sold 400 shares of the stock in a transaction on Tuesday, December 4th. The shares were sold at an average price of $114.51, for a total transaction of $45,804.00. Following the transaction, the director now owns 400 shares of the company’s stock, valued at approximately $45,804. The disclosure for this sale can be found here. 0.43% of the stock is owned by company insiders.



DLR opened at $112.32 on Monday. The firm has a market cap of $23.17 billion, a P/E ratio of 17.07, a P/E/G ratio of 2.40 and a beta of 0.49. DIGITAL RLTY TR/SH has a fifty-two week low of $96.56 and a fifty-two week high of $125.10. The company has a debt-to-equity ratio of 1.16, a current ratio of 0.31 and a quick ratio of 0.34.

DIGITAL RLTY TR/SH (NYSE:DLR) last posted its earnings results on Tuesday, February 5th. The real estate investment trust reported $0.15 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.67 by ($1.52). The company had revenue of $778.30 million for the quarter, compared to analysts’ expectations 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 revenue was up 6.4% on a year-over-year basis. During the same period in the previous year, the business posted $0.26 earnings per share. As a group, research analysts predict that DIGITAL RLTY TR/SH will post 6.68 EPS for the current year.

DLR has been the subject of a number of analyst reports. Jefferies Financial Group raised shares of DIGITAL RLTY TR/SH from a “hold” rating to a “buy” rating and increased their price objective for the stock from $124.00 to $136.00 in a research note on Monday, December 10th. ValuEngine raised shares of DIGITAL RLTY TR/SH from a “hold” rating to a “buy” rating in a research note on Thursday, December 6th. Citigroup cut their target price on shares of DIGITAL RLTY TR/SH from $131.00 to $126.00 and set a “buy” rating for the company in a research note on Tuesday, November 6th. Guggenheim raised shares of DIGITAL RLTY TR/SH from a “neutral” rating to a “buy” rating and set a $125.00 target price for the company in a research note on Monday, October 22nd. Finally, TheStreet cut shares of DIGITAL RLTY TR/SH from a “b-” rating to a “c+” rating in a research note on Wednesday, February 6th. Six equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $126.08.

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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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Institutional Ownership by Quarter for DIGITAL RLTY TR/SH (NYSE:DLR)

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