Corient Capital Partners LLC increased its position in shares of DIGITAL RLTY TR/SH (NYSE:DLR) by 1.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 12,361 shares of the real estate investment trust’s stock after buying an additional 225 shares during the period. Corient Capital Partners LLC’s holdings in DIGITAL RLTY TR/SH were worth $1,456,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Creative Planning lifted its holdings in DIGITAL RLTY TR/SH by 40.1% in the second quarter. Creative Planning now owns 16,968 shares of the real estate investment trust’s stock valued at $1,999,000 after acquiring an additional 4,857 shares during the period. Forte Capital LLC ADV purchased a new stake in shares of DIGITAL RLTY TR/SH in the second quarter valued at approximately $1,199,000. Janus Henderson Group PLC increased its position in shares of DIGITAL RLTY TR/SH by 39.6% during the first quarter. Janus Henderson Group PLC now owns 692,207 shares of the real estate investment trust’s stock worth $82,374,000 after purchasing an additional 196,481 shares in the last quarter. Perella Weinberg Partners Capital Management LP purchased a new stake in shares of DIGITAL RLTY TR/SH during the first quarter worth approximately $3,717,000. Finally, PNC Financial Services Group Inc. increased its position in shares of DIGITAL RLTY TR/SH by 1.3% during the first quarter. PNC Financial Services Group Inc. now owns 27,644 shares of the real estate investment trust’s stock worth $3,288,000 after purchasing an additional 364 shares in the last quarter.
In other news, insider Edward F. Sham sold 11,400 shares of the company’s stock in a transaction that occurred on Monday, June 17th. The stock was sold at an average price of $122.00, for a total transaction of $1,390,800.00. Following the completion of the transaction, the insider now directly owns 15,738 shares of the company’s stock, valued at $1,920,036. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Kevin Kennedy sold 300 shares of the stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $125.00, for a total value of $37,500.00. Following the completion of the transaction, the director now directly owns 300 shares of the company’s stock, valued at $37,500. The disclosure for this sale can be found here. In the last quarter, insiders sold 12,400 shares of company stock worth $1,513,104. Insiders own 0.49% of the company’s stock.
Several analysts recently commented on the company. Guggenheim cut DIGITAL RLTY TR/SH from a “buy” rating to a “neutral” rating and boosted their price target for the stock from $127.00 to $132.00 in a research report on Wednesday. Argus began coverage on DIGITAL RLTY TR/SH in a report on Wednesday, July 3rd. They issued a “buy” rating and a $140.00 target price for the company. Raymond James upgraded DIGITAL RLTY TR/SH from a “market perform” rating to an “outperform” rating and set a $116.00 target price for the company in a report on Thursday, June 6th. Cowen set a $125.00 price target on DIGITAL RLTY TR/SH and gave the company a “hold” rating in a research note on Wednesday, July 31st. Finally, Royal Bank of Canada set a $130.00 target price on DIGITAL RLTY TR/SH and gave the stock a “buy” rating in a research note on Friday, August 9th. Eight research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. DIGITAL RLTY TR/SH presently has an average rating of “Hold” and an average price target of $127.77.
Shares of NYSE:DLR opened at $126.39 on Friday. DIGITAL RLTY TR/SH has a 52 week low of $100.05 and a 52 week high of $129.57. The company has a market cap of $26.33 billion, a P/E ratio of 19.15, a P/E/G ratio of 2.78 and a beta of 0.41. The company has a quick ratio of 0.36, a current ratio of 0.36 and a debt-to-equity ratio of 1.16. The business has a fifty day simple moving average of $120.78 and a 200-day simple moving average of $119.08.
DIGITAL RLTY TR/SH (NYSE:DLR) last issued its earnings results on Tuesday, July 30th. The real estate investment trust reported $0.15 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.63 by ($1.48). The firm had revenue of $801.00 million during the quarter, compared to analyst estimates of $807.48 million. DIGITAL RLTY TR/SH had a net margin of 10.00% and a return on equity of 3.01%. DIGITAL RLTY TR/SH’s revenue was up 6.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.66 EPS. Sell-side analysts expect that DIGITAL RLTY TR/SH will post 6.64 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 13th will be paid a $1.08 dividend. This represents a $4.32 annualized dividend and a dividend yield of 3.42%. The ex-dividend date is Thursday, September 12th. DIGITAL RLTY TR/SH’s dividend payout ratio (DPR) is 65.45%.
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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