Meiji Yasuda Asset Management Co Ltd. lessened its stake in DIGITAL RLTY TR/SH (NYSE:DLR) by 3.9% in the first quarter, HoldingsChannel.com reports. The fund owned 11,700 shares of the real estate investment trust’s stock after selling 476 shares during the quarter. Meiji Yasuda Asset Management Co Ltd.’s holdings in DIGITAL RLTY TR/SH were worth $1,392,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Bessemer Group Inc. raised its position in shares of DIGITAL RLTY TR/SH by 72.6% in the 4th quarter. Bessemer Group Inc. now owns 233 shares of the real estate investment trust’s stock valued at $25,000 after purchasing an additional 98 shares in the last quarter. FTB Advisors Inc. raised its position in shares of DIGITAL RLTY TR/SH by 217.4% in the 1st quarter. FTB Advisors Inc. now owns 346 shares of the real estate investment trust’s stock valued at $41,000 after purchasing an additional 237 shares in the last quarter. Bremer Trust National Association acquired a new position in shares of DIGITAL RLTY TR/SH in the 4th quarter valued at approximately $51,000. Bremer Bank National Association acquired a new position in shares of DIGITAL RLTY TR/SH in the 1st quarter valued at approximately $56,000. Finally, Liberty Wealth Management LLC acquired a new position in shares of DIGITAL RLTY TR/SH in the 4th quarter valued at approximately $57,000. Hedge funds and other institutional investors own 99.17% of the company’s stock.
In other DIGITAL RLTY TR/SH news, insider Edward F. Sham sold 17,233 shares of the stock in a transaction on Monday, May 6th. The stock was sold at an average price of $119.65, for a total value of $2,061,928.45. Following the sale, the insider now directly owns 21,571 shares of the company’s stock, valued at $2,580,970.15. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Kevin Kennedy sold 400 shares of the stock in a transaction on Wednesday, May 8th. The stock was sold at an average price of $117.25, for a total value of $46,900.00. Following the completion of the sale, the director now directly owns 400 shares in the company, valued at $46,900. The disclosure for this sale can be found here. Over the last three months, insiders have sold 27,633 shares of company stock worth $3,300,928. Corporate insiders own 0.49% of the company’s stock.
Shares of DLR stock traded down $0.97 on Thursday, hitting $118.42. 237,318 shares of the stock traded hands, compared to its average volume of 1,051,340. The company has a current ratio of 0.05, a quick ratio of 0.05 and a debt-to-equity ratio of 0.18. The firm has a market cap of $24.87 billion, a P/E ratio of 17.94, a P/E/G ratio of 2.58 and a beta of 0.43. DIGITAL RLTY TR/SH has a 1-year low of $100.05 and a 1-year high of $125.10.
DIGITAL RLTY TR/SH (NYSE:DLR) last posted its quarterly earnings results on Thursday, April 25th. The real estate investment trust reported $1.73 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.65 by $0.08. The business had revenue of $814.50 million for the quarter, compared to analyst estimates of $800.13 million. DIGITAL RLTY TR/SH had a return on equity of 3.27% and a net margin of 10.95%. The business’s revenue was up 9.4% compared to the same quarter last year. During the same period in the prior year, the company posted $1.63 EPS. On average, research analysts forecast that DIGITAL RLTY TR/SH will post 6.67 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be given a dividend of $1.08 per share. This represents a $4.32 annualized dividend and a dividend yield of 3.65%. The ex-dividend date of this dividend is Thursday, June 13th. DIGITAL RLTY TR/SH’s dividend payout ratio is currently 65.45%.
A number of brokerages have issued reports on DLR. Zacks Investment Research raised DIGITAL RLTY TR/SH from a “hold” rating to a “buy” rating and set a $135.00 target price on the stock in a research report on Thursday, April 11th. ValuEngine raised DIGITAL RLTY TR/SH from a “hold” rating to a “buy” rating in a research report on Friday, May 24th. Raymond James raised DIGITAL RLTY TR/SH from a “market perform” rating to an “outperform” rating and set a $116.00 target price on the stock in a research report on Thursday, June 6th. Barclays reaffirmed a “buy” rating and issued a $143.00 target price on shares of DIGITAL RLTY TR/SH in a research report on Tuesday, April 16th. Finally, Jefferies Financial Group lowered DIGITAL RLTY TR/SH from a “buy” rating to a “hold” rating and cut their target price for the company from $144.00 to $125.00 in a research report on Tuesday, April 23rd. Six analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. DIGITAL RLTY TR/SH has an average rating of “Buy” and an average target price of $126.27.
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.
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