Meiji Yasuda Life Insurance Co reduced its position in DIGITAL RLTY TR/SH (NYSE:DLR) by 24.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 3,392 shares of the real estate investment trust’s stock after selling 1,098 shares during the quarter. Meiji Yasuda Life Insurance Co’s holdings in DIGITAL RLTY TR/SH were worth $404,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Bessemer Group Inc. increased its holdings in 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. increased its holdings in 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 stake in DIGITAL RLTY TR/SH in the 4th quarter valued at $51,000. Bremer Bank National Association acquired a new stake in DIGITAL RLTY TR/SH in the 1st quarter valued at $56,000. Finally, Liberty Wealth Management LLC acquired a new stake in DIGITAL RLTY TR/SH in the 4th quarter valued at $57,000. Hedge funds and other institutional investors own 99.17% of the company’s stock.
Shares of DIGITAL RLTY TR/SH stock opened at $118.75 on Friday. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.05 and a quick ratio of 0.05. The stock has a market cap of $24.73 billion, a PE ratio of 17.99, a price-to-earnings-growth 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 announced its earnings results on Thursday, April 25th. The real estate investment trust reported $1.73 earnings per share for the quarter, beating the consensus estimate of $1.65 by $0.08. The company had revenue of $814.50 million during the quarter, compared to the consensus estimate of $800.13 million. DIGITAL RLTY TR/SH had a return on equity of 3.27% and a net margin of 10.95%. The company’s revenue was up 9.4% on a year-over-year basis. During the same period last year, the firm earned $1.63 earnings per share. On average, analysts predict that DIGITAL RLTY TR/SH will post 6.67 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be paid a dividend of $1.08 per share. The ex-dividend date of this dividend is Thursday, June 13th. This represents a $4.32 annualized dividend and a dividend yield of 3.64%. DIGITAL RLTY TR/SH’s dividend payout ratio is presently 65.45%.
In other news, insider Edward F. Sham sold 17,233 shares of the stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $119.65, for a total transaction of $2,061,928.45. Following the transaction, the insider now 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 accessible through the SEC website. Also, SVP Joshua A. Mills sold 10,000 shares of the stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $119.21, for a total transaction of $1,192,100.00. Following the transaction, the senior vice president now directly owns 14,166 shares in the company, valued at approximately $1,688,728.86. The disclosure for this sale can be found here. Insiders have sold 27,633 shares of company stock worth $3,300,928 in the last ninety days. Corporate insiders own 0.49% of the company’s stock.
Several brokerages recently issued reports on DLR. Zacks Investment Research upgraded DIGITAL RLTY TR/SH from a “hold” rating to a “buy” rating and set a $135.00 price target for the company in a report on Thursday, April 11th. Barclays reiterated a “buy” rating and issued a $143.00 price target on shares of DIGITAL RLTY TR/SH in a report on Tuesday, April 16th. ValuEngine downgraded DIGITAL RLTY TR/SH from a “buy” rating to a “hold” rating in a report on Tuesday, April 9th. Jefferies Financial Group downgraded DIGITAL RLTY TR/SH from a “buy” rating to a “hold” rating and lowered their price target for the company from $144.00 to $125.00 in a report on Tuesday, April 23rd. Finally, Raymond James downgraded DIGITAL RLTY TR/SH from an “outperform” rating to a “market perform” rating and set a $120.00 price target for the company. in a report on Monday, March 25th. Six research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $126.27.
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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