Carnegie Capital Asset Management LLC purchased a new stake in shares of DIGITAL RLTY TR/SH (NYSE:DLR) during the 1st quarter, Holdings Channel.com reports. The fund purchased 1,803 shares of the real estate investment trust’s stock, valued at approximately $250,000.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. CWM Advisors LLC bought a new position in shares of DIGITAL RLTY TR/SH during the 1st quarter valued at $83,000. Quilter Plc bought a new position in shares of DIGITAL RLTY TR/SH during the 1st quarter valued at $240,000. PNC Financial Services Group Inc. lifted its holdings in shares of DIGITAL RLTY TR/SH by 18.1% during the 1st quarter. PNC Financial Services Group Inc. now owns 33,767 shares of the real estate investment trust’s stock valued at $4,690,000 after buying an additional 5,166 shares during the period. Harvest Fund Management Co. Ltd lifted its holdings in shares of DIGITAL RLTY TR/SH by 127.8% during the 1st quarter. Harvest Fund Management Co. Ltd now owns 1,025 shares of the real estate investment trust’s stock valued at $142,000 after buying an additional 575 shares during the period. Finally, Swiss National Bank lifted its holdings in shares of DIGITAL RLTY TR/SH by 52.8% during the 1st quarter. Swiss National Bank now owns 1,066,812 shares of the real estate investment trust’s stock valued at $148,191,000 after buying an additional 368,826 shares during the period. 89.91% of the stock is currently owned by hedge funds and other institutional investors.
DLR has been the topic of several research analyst reports. Royal Bank of Canada reissued a “buy” rating and set a $142.00 price target on shares of DIGITAL RLTY TR/SH in a report on Monday, March 9th. KeyCorp increased their price target on DIGITAL RLTY TR/SH from $135.00 to $155.00 and gave the company an “overweight” rating in a report on Monday, April 27th. Citigroup cut DIGITAL RLTY TR/SH from a “buy” rating to a “neutral” rating and set a $150.00 target price on the stock. in a report on Monday, May 11th. TheStreet raised DIGITAL RLTY TR/SH from a “c+” rating to a “b” rating in a report on Thursday, February 13th. Finally, UBS Group raised their target price on DIGITAL RLTY TR/SH from $120.00 to $126.00 and gave the stock a “neutral” rating in a report on Friday, February 14th. Nine research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. DIGITAL RLTY TR/SH has an average rating of “Hold” and an average target price of $140.40.
DIGITAL RLTY TR/SH (NYSE:DLR) last posted its quarterly earnings results on Thursday, May 7th. The real estate investment trust reported $0.90 EPS for the quarter, missing the Zacks’ consensus estimate of $1.54 by ($0.64). The business had revenue of $823.30 million for the quarter, compared to the consensus estimate of $964.60 million. DIGITAL RLTY TR/SH had a net margin of 21.35% and a return on equity of 7.65%. DIGITAL RLTY TR/SH’s revenue was up 1.0% compared to the same quarter last year. During the same period in the prior year, the business earned $1.73 earnings per share. Sell-side analysts anticipate that DIGITAL RLTY TR/SH will post 6.03 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be issued a dividend of $1.12 per share. The ex-dividend date of this dividend is Friday, June 12th. This represents a $4.48 dividend on an annualized basis and a yield of 3.30%. DIGITAL RLTY TR/SH’s dividend payout ratio is presently 67.37%.
In other news, insider Cindy Fiedelman sold 1,024 shares of the firm’s stock in a transaction dated Thursday, April 30th. The stock was sold at an average price of $146.49, for a total transaction of $150,005.76. Following the completion of the transaction, the insider now owns 1,024 shares in the company, valued at $150,005.76. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Laurence A. Chapman sold 8,021 shares of the firm’s stock in a transaction dated Thursday, March 12th. The shares were sold at an average price of $130.00, for a total value of $1,042,730.00. Following the transaction, the director now owns 50,400 shares of the company’s stock, valued at approximately $6,552,000. The disclosure for this sale can be found here. Over the last three months, insiders have sold 106,333 shares of company stock worth $14,692,789. 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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