Duff & Phelps Investment Management Co. Sells 79,100 Shares of DIGITAL RLTY TR/SH (NYSE:DLR)

Duff & Phelps Investment Management Co. cut its position in DIGITAL RLTY TR/SH (NYSE:DLR) by 9.4% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 766,514 shares of the real estate investment trust’s stock after selling 79,100 shares during the quarter. DIGITAL RLTY TR/SH makes up approximately 1.3% of Duff & Phelps Investment Management Co.’s investment portfolio, making the stock its 29th largest holding. Duff & Phelps Investment Management Co. owned about 0.37% of DIGITAL RLTY TR/SH worth $90,288,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of DLR. Envestnet Asset Management Inc. raised its stake in shares of DIGITAL RLTY TR/SH by 4.4% during the 2nd quarter. Envestnet Asset Management Inc. now owns 77,001 shares of the real estate investment trust’s stock worth $9,070,000 after buying an additional 3,223 shares during the period. Cullen Frost Bankers Inc. raised its stake in shares of DIGITAL RLTY TR/SH by 145.1% during the 2nd quarter. Cullen Frost Bankers Inc. now owns 7,393 shares of the real estate investment trust’s stock worth $871,000 after buying an additional 4,377 shares during the period. Sigma Planning Corp raised its stake in shares of DIGITAL RLTY TR/SH by 4.1% during the 2nd quarter. Sigma Planning Corp now owns 10,552 shares of the real estate investment trust’s stock worth $1,243,000 after buying an additional 420 shares during the period. Lyell Wealth Management LP raised its stake in shares of DIGITAL RLTY TR/SH by 27.8% during the 2nd quarter. Lyell Wealth Management LP now owns 34,654 shares of the real estate investment trust’s stock worth $4,082,000 after buying an additional 7,539 shares during the period. Finally, Advisory Services Network LLC raised its stake in shares of DIGITAL RLTY TR/SH by 2.2% during the 2nd quarter. Advisory Services Network LLC now owns 6,155 shares of the real estate investment trust’s stock worth $725,000 after buying an additional 133 shares during the period. Hedge funds and other institutional investors own 99.17% of the company’s stock.

Several brokerages have recently weighed in on DLR. ValuEngine downgraded DIGITAL RLTY TR/SH from a “buy” rating to a “hold” rating in a research note on Thursday, June 27th. Stifel Nicolaus set a $130.00 price objective on DIGITAL RLTY TR/SH and gave the company a “buy” rating in a research note on Friday, April 26th. Zacks Investment Research upgraded DIGITAL RLTY TR/SH from a “sell” rating to a “hold” rating and set a $125.00 target price for the company in a report on Friday, June 28th. Jefferies Financial Group cut DIGITAL RLTY TR/SH from a “buy” rating to a “hold” rating and dropped their target price for the company from $144.00 to $125.00 in a report on Tuesday, April 23rd. Finally, Raymond James upgraded DIGITAL RLTY TR/SH from a “market perform” rating to an “outperform” rating and set a $116.00 target price for the company in a report on Thursday, June 6th. Seven analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $126.92.



Shares of NYSE DLR traded up $0.75 during trading on Friday, reaching $121.31. The company had a trading volume of 5,806 shares, compared to its average volume of 1,082,572. DIGITAL RLTY TR/SH has a twelve month low of $100.05 and a twelve month high of $125.19. The stock has a market capitalization of $25.20 billion, a PE ratio of 18.32, a price-to-earnings-growth ratio of 2.61 and a beta of 0.43. The stock has a 50-day moving average price of $118.12 and a two-hundred day moving average price of $117.60. The company has a current ratio of 0.36, a quick ratio of 0.36 and a debt-to-equity ratio of 1.16.

DIGITAL RLTY TR/SH (NYSE:DLR) last released its earnings results on Tuesday, July 30th. The real estate investment trust reported $0.15 EPS for the quarter, missing the Thomson Reuters’ consensus estimate 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 during the quarter, compared to analyst estimates of $807.48 million. During the same quarter in the previous year, the company posted $1.66 earnings per share. The business’s revenue for the quarter was up 6.1% compared to the same quarter last year. On average, sell-side analysts predict that DIGITAL RLTY TR/SH will post 6.64 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 13th will be paid a $1.08 dividend. This represents a $4.32 annualized dividend and a dividend yield of 3.56%. The ex-dividend date is Thursday, September 12th. DIGITAL RLTY TR/SH’s dividend payout ratio (DPR) is 65.45%.

In related news, Director Kevin Kennedy sold 300 shares of the stock in a transaction that occurred on Thursday, June 20th. The stock was sold at an average price of $125.00, for a total value of $37,500.00. Following the completion of the transaction, the director now directly owns 300 shares of the company’s stock, valued at approximately $37,500. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Edward F. Sham sold 11,400 shares of the stock in a transaction that occurred on Monday, June 17th. The stock was sold at an average price of $122.00, for a total value of $1,390,800.00. Following the completion of the transaction, the insider now directly owns 15,738 shares of the company’s stock, valued at $1,920,036. The disclosure for this sale can be found here. Insiders have sold 12,100 shares of company stock worth $1,475,604 in the last 90 days. 0.49% of the stock is currently owned by 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.

Featured Story: What is a trade deficit?

Want to see what other hedge funds are holding DLR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for DIGITAL RLTY TR/SH (NYSE:DLR).

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

Receive News & Ratings for DIGITAL RLTY TR/SH Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for DIGITAL RLTY TR/SH and related companies with MarketBeat.com's FREE daily email newsletter.