Private Trust Co. NA Lowers Stake in DIGITAL RLTY TR/SH (NYSE:DLR)

Private Trust Co. NA reduced its holdings in shares of DIGITAL RLTY TR/SH (NYSE:DLR) by 3.4% during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 3,221 shares of the real estate investment trust’s stock after selling 114 shares during the period. Private Trust Co. NA’s holdings in DIGITAL RLTY TR/SH were worth $478,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Sunbelt Securities Inc. purchased a new position in DIGITAL RLTY TR/SH during the 4th quarter worth $2,814,000. WASHINGTON TRUST Co purchased a new stake in shares of DIGITAL RLTY TR/SH in the first quarter valued at about $25,000. BDO Wealth Advisors LLC boosted its holdings in shares of DIGITAL RLTY TR/SH by 80.8% in the first quarter. BDO Wealth Advisors LLC now owns 226 shares of the real estate investment trust’s stock valued at $31,000 after acquiring an additional 101 shares in the last quarter. Covington Capital Management purchased a new stake in shares of DIGITAL RLTY TR/SH in the fourth quarter valued at about $28,000. Finally, PSI Advisors LLC purchased a new stake in shares of DIGITAL RLTY TR/SH in the fourth quarter valued at about $29,000.

NYSE:DLR opened at $147.11 on Thursday. DIGITAL RLTY TR/SH has a fifty-two week low of $105.00 and a fifty-two week high of $158.36. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.45 and a quick ratio of 0.45. The stock has a market capitalization of $39.57 billion, a PE ratio of 52.73, a price-to-earnings-growth ratio of 3.71 and a beta of 0.19. The business’s 50-day simple moving average is $140.66 and its 200-day simple moving average is $133.71.

DIGITAL RLTY TR/SH (NYSE:DLR) last released its quarterly earnings data on Thursday, May 7th. The real estate investment trust reported $0.90 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.54 by ($0.64). DIGITAL RLTY TR/SH had a net margin of 21.35% and a return on equity of 7.65%. The business had revenue of $823.30 million for the quarter, compared to the consensus estimate of $964.60 million. During the same quarter last year, the firm earned $1.73 EPS. The company’s revenue for the quarter was up 1.0% on a year-over-year basis. On average, research analysts expect that DIGITAL RLTY TR/SH will post 6.03 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th were paid a $1.12 dividend. This represents a $4.48 annualized dividend and a yield of 3.05%. The ex-dividend date of this dividend was Friday, June 12th. DIGITAL RLTY TR/SH’s payout ratio is 67.37%.

DLR has been the subject of several recent analyst reports. Argus raised their price objective on shares of DIGITAL RLTY TR/SH from $130.00 to $148.00 and gave the company a “buy” rating in a research note on Friday, April 3rd. Robert W. Baird cut shares of DIGITAL RLTY TR/SH from an “outperform” rating to a “neutral” rating and raised their price objective for the company from $142.00 to $144.00 in a research note on Monday, April 13th. Deutsche Bank initiated coverage on shares of DIGITAL RLTY TR/SH in a research note on Friday, June 5th. They issued a “buy” rating and a $155.00 price objective for the company. KeyCorp lifted their target price on shares of DIGITAL RLTY TR/SH from $135.00 to $155.00 and gave the stock an “overweight” rating in a research report on Monday, April 27th. Finally, Credit Suisse Group assumed coverage on shares of DIGITAL RLTY TR/SH in a report on Monday, June 1st. They set an “outperform” rating and a $164.00 price target for the company. Nine analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $145.50.

In related news, EVP Joshua A. Mills sold 1,446 shares of the business’s stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $140.00, for a total transaction of $202,440.00. Following the transaction, the executive vice president now directly owns 5,612 shares of the company’s stock, valued at approximately $785,680. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Joshua A. Mills sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, July 6th. The stock was sold at an average price of $150.00, for a total value of $750,000.00. Following the transaction, the executive vice president now directly owns 9,166 shares in the company, valued at $1,374,900. The disclosure for this sale can be found here. Insiders sold a total of 36,773 shares of company stock worth $5,343,948 in the last 90 days. Company insiders own 0.61% of the company’s stock.

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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