Boston Common Asset Management LLC cut its stake in DIGITAL RLTY TR/SH (NYSE:DLR) by 1.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 18,058 shares of the real estate investment trust’s stock after selling 250 shares during the quarter. Boston Common Asset Management LLC’s holdings in DIGITAL RLTY TR/SH were worth $1,924,000 at the end of the most recent reporting period.
A number of other institutional investors also recently modified their holdings of the stock. We Are One Seven LLC purchased a new position in DIGITAL RLTY TR/SH in the 4th quarter worth approximately $42,000. CWM LLC lifted its stake in DIGITAL RLTY TR/SH by 160.1% in the 4th quarter. CWM LLC now owns 489 shares of the real estate investment trust’s stock worth $52,000 after purchasing an additional 301 shares in the last quarter. Lavaca Capital LLC purchased a new position in DIGITAL RLTY TR/SH in the 4th quarter worth approximately $64,000. Quadrant Capital Group LLC lifted its stake in DIGITAL RLTY TR/SH by 22.6% in the 4th quarter. Quadrant Capital Group LLC now owns 786 shares of the real estate investment trust’s stock worth $78,000 after purchasing an additional 145 shares in the last quarter. Finally, Ipswich Investment Management Co. Inc. purchased a new position in DIGITAL RLTY TR/SH in the 4th quarter worth approximately $110,000. 99.16% of the stock is currently owned by hedge funds and other institutional investors.
Shares of DIGITAL RLTY TR/SH stock traded up $2.27 during trading on Friday, hitting $112.32. 1,760,324 shares of the stock were exchanged, compared to its average volume of 1,442,144. The stock has a market cap of $23.17 billion, a P/E ratio of 17.02, a price-to-earnings-growth ratio of 2.40 and a beta of 0.49. DIGITAL RLTY TR/SH has a 12-month low of $96.56 and a 12-month high of $125.10. The company has a current ratio of 0.31, a quick ratio of 0.34 and a debt-to-equity ratio of 1.16.
DIGITAL RLTY TR/SH (NYSE:DLR) last released its quarterly earnings data on Tuesday, February 5th. The real estate investment trust reported $0.15 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.67 by ($1.52). DIGITAL RLTY TR/SH had a return on equity of 3.58% and a net margin of 10.87%. The firm had revenue of $778.30 million for the quarter, compared to analysts’ expectations of $789.59 million. During the same period last year, the firm posted $0.26 earnings per share. DIGITAL RLTY TR/SH’s revenue for the quarter was up 6.4% on a year-over-year basis. As a group, sell-side analysts forecast that DIGITAL RLTY TR/SH will post 6.68 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Tuesday, January 15th. Investors of record on Friday, December 14th were given a $1.01 dividend. The ex-dividend date of this dividend was Thursday, December 13th. This represents a $4.04 dividend on an annualized basis and a yield of 3.60%. DIGITAL RLTY TR/SH’s dividend payout ratio (DPR) is presently 61.21%.
A number of analysts have recently issued reports on the stock. BMO Capital Markets set a $120.00 price target on shares of DIGITAL RLTY TR/SH and gave the stock a “hold” rating in a report on Friday, October 26th. Jefferies Financial Group upgraded shares of DIGITAL RLTY TR/SH from a “hold” rating to a “buy” rating and raised their price target for the stock from $124.00 to $136.00 in a report on Monday, December 10th. Citigroup cut their price target on shares of DIGITAL RLTY TR/SH from $131.00 to $126.00 and set a “buy” rating for the company in a report on Tuesday, November 6th. Guggenheim upgraded shares of DIGITAL RLTY TR/SH from a “neutral” rating to a “buy” rating and set a $125.00 price target for the company in a report on Monday, October 22nd. Finally, Barclays cut their price target on shares of DIGITAL RLTY TR/SH from $132.00 to $131.00 and set an “overweight” rating for the company in a report on Thursday, January 3rd. Six research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $126.08.
In other DIGITAL RLTY TR/SH news, Director Kevin Kennedy sold 400 shares of DIGITAL RLTY TR/SH stock in a transaction on Tuesday, December 4th. The shares were sold at an average price of $114.51, for a total value of $45,804.00. Following the transaction, the director now directly owns 400 shares in the company, valued at $45,804. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CTO Christopher Sharp sold 5,000 shares of DIGITAL RLTY TR/SH stock in a transaction on Monday, November 12th. The shares were sold at an average price of $110.00, for a total transaction of $550,000.00. Following the completion of the transaction, the chief technology officer now owns 6,062 shares in the company, valued at $666,820. The disclosure for this sale can be found here. Over the last three months, insiders sold 13,271 shares of company stock valued at $1,508,840. 0.43% of the stock is owned by corporate insiders.
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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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