Grassi Investment Management Cuts Holdings in DIGITAL RLTY TR/SH (NYSE:DLR)

Grassi Investment Management decreased its position in DIGITAL RLTY TR/SH (NYSE:DLR) by 2.1% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 72,910 shares of the real estate investment trust’s stock after selling 1,575 shares during the period. DIGITAL RLTY TR/SH comprises 1.4% of Grassi Investment Management’s investment portfolio, making the stock its 27th biggest position. Grassi Investment Management’s holdings in DIGITAL RLTY TR/SH were worth $9,464,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in DLR. Nuveen Asset Management LLC grew its position in shares of DIGITAL RLTY TR/SH by 136.8% in the 2nd quarter. Nuveen Asset Management LLC now owns 2,766,779 shares of the real estate investment trust’s stock valued at $325,899,000 after buying an additional 1,598,434 shares during the last quarter. UBS Asset Management Americas Inc. grew its stake in DIGITAL RLTY TR/SH by 45.3% in the second quarter. UBS Asset Management Americas Inc. now owns 1,729,360 shares of the real estate investment trust’s stock valued at $203,701,000 after acquiring an additional 538,922 shares during the period. Pictet Asset Management Ltd. grew its stake in DIGITAL RLTY TR/SH by 71.6% in the second quarter. Pictet Asset Management Ltd. now owns 1,088,152 shares of the real estate investment trust’s stock valued at $128,173,000 after acquiring an additional 454,100 shares during the period. Bank of New York Mellon Corp grew its stake in DIGITAL RLTY TR/SH by 25.1% in the second quarter. Bank of New York Mellon Corp now owns 2,139,551 shares of the real estate investment trust’s stock valued at $252,019,000 after acquiring an additional 428,946 shares during the period. Finally, Vanguard Group Inc. grew its stake in DIGITAL RLTY TR/SH by 1.2% in the second quarter. Vanguard Group Inc. now owns 33,699,413 shares of the real estate investment trust’s stock valued at $3,969,454,000 after acquiring an additional 388,759 shares during the period.

Shares of DIGITAL RLTY TR/SH stock traded up $0.36 during midday trading on Friday, hitting $130.01. The company had a trading volume of 372,583 shares, compared to its average volume of 1,617,006. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.36 and a current ratio of 0.36. The stock has a market capitalization of $26.89 billion, a P/E ratio of 19.70, a P/E/G ratio of 2.80 and a beta of 0.40. The company has a 50 day moving average of $125.18 and a 200 day moving average of $120.38. DIGITAL RLTY TR/SH has a 52-week low of $100.05 and a 52-week high of $130.67.

DIGITAL RLTY TR/SH (NYSE:DLR) last posted its quarterly earnings results on Tuesday, July 30th. The real estate investment trust reported $0.15 earnings per share for the quarter, missing the consensus estimate of $1.63 by ($1.48). DIGITAL RLTY TR/SH had a return on equity of 3.01% and a net margin of 10.00%. The company had revenue of $801.00 million during the quarter, compared to analysts’ expectations of $807.48 million. During the same quarter in the previous year, the company earned $1.66 EPS. The business’s quarterly revenue was up 6.1% on a year-over-year basis. Equities research analysts forecast that DIGITAL RLTY TR/SH will post 6.65 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, September 13th were paid a $1.08 dividend. The ex-dividend date was Thursday, September 12th. This represents a $4.32 annualized dividend and a dividend yield of 3.32%. DIGITAL RLTY TR/SH’s dividend payout ratio (DPR) is 65.45%.

Several equities analysts have recently weighed in on DLR shares. ValuEngine cut DIGITAL RLTY TR/SH from a “buy” rating to a “hold” rating in a research report on Thursday, June 27th. Zacks Investment Research upgraded DIGITAL RLTY TR/SH from a “sell” rating to a “hold” rating and set a $125.00 price target on the stock in a research note on Friday, June 28th. Cowen set a $125.00 price target on DIGITAL RLTY TR/SH and gave the stock a “hold” rating in a research note on Wednesday, July 31st. Argus started coverage on DIGITAL RLTY TR/SH in a research note on Wednesday, July 3rd. They issued a “buy” rating and a $140.00 price target on the stock. Finally, Guggenheim downgraded DIGITAL RLTY TR/SH from a “buy” rating to a “neutral” rating and upped their price target for the stock from $127.00 to $132.00 in a research note on Wednesday, September 11th. Seven equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. DIGITAL RLTY TR/SH presently has a consensus rating of “Hold” and a consensus price target of $127.38.

In other news, Director Kevin Kennedy sold 300 shares of the stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $125.00, for a total value of $37,500.00. Following the completion of the sale, the director now owns 300 shares of the company’s stock, valued at approximately $37,500. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 0.49% of the company’s stock.

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

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