Zevin Asset Management LLC reduced its position in shares of DIGITAL RLTY TR/SH (NYSE:DLR) by 2.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,173 shares of the real estate investment trust’s stock after selling 240 shares during the quarter. Zevin Asset Management LLC’s holdings in DIGITAL RLTY TR/SH were worth $977,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Capital World Investors raised its position in shares of DIGITAL RLTY TR/SH by 41.6% in the third quarter. Capital World Investors now owns 15,314,435 shares of the real estate investment trust’s stock valued at $1,722,568,000 after purchasing an additional 4,497,951 shares during the period. Brookfield Asset Management Inc. bought a new position in shares of DIGITAL RLTY TR/SH in the third quarter valued at about $73,281,000. Aviva PLC raised its position in shares of DIGITAL RLTY TR/SH by 93.7% in the third quarter. Aviva PLC now owns 897,555 shares of the real estate investment trust’s stock valued at $100,957,000 after purchasing an additional 434,067 shares during the period. BlackRock Inc. raised its position in shares of DIGITAL RLTY TR/SH by 2.0% in the third quarter. BlackRock Inc. now owns 20,472,703 shares of the real estate investment trust’s stock valued at $2,302,770,000 after purchasing an additional 394,225 shares during the period. Finally, Canada Pension Plan Investment Board raised its position in shares of DIGITAL RLTY TR/SH by 455.7% in the third quarter. Canada Pension Plan Investment Board now owns 394,483 shares of the real estate investment trust’s stock valued at $44,371,000 after purchasing an additional 323,500 shares during the period. 99.17% of the stock is currently owned by hedge funds and other institutional investors.
Several brokerages have recently weighed in on DLR. Barclays dropped their price objective on shares of DIGITAL RLTY TR/SH from $132.00 to $131.00 and set an “overweight” rating on the stock in a research report on Thursday, January 3rd. TheStreet lowered shares of DIGITAL RLTY TR/SH from a “b-” rating to a “c+” rating in a research report on Wednesday, February 6th. Guggenheim raised shares of DIGITAL RLTY TR/SH from a “neutral” rating to a “buy” rating and set a $125.00 price target on the stock in a research report on Monday, October 22nd. Royal Bank of Canada lowered their price target on shares of DIGITAL RLTY TR/SH from $131.00 to $124.00 and set an “outperform” rating on the stock in a research report on Monday, November 5th. Finally, BMO Capital Markets reaffirmed a “hold” rating and set a $115.00 price target on shares of DIGITAL RLTY TR/SH in a research report on Wednesday, February 6th. Six analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $126.08.
NYSE:DLR traded up $0.90 during mid-day trading on Monday, reaching $113.22. 658,722 shares of the company’s stock were exchanged, compared to its average volume of 1,471,154. DIGITAL RLTY TR/SH has a one year low of $96.56 and a one year high of $125.10. The firm has a market cap of $23.17 billion, a price-to-earnings ratio of 17.15, a P/E/G ratio of 2.40 and a beta of 0.49. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.34 and a current ratio of 0.31.
DIGITAL RLTY TR/SH (NYSE:DLR) last released its quarterly earnings results on Tuesday, February 5th. The real estate investment trust reported $0.15 EPS for the quarter, missing analysts’ consensus estimates of $1.67 by ($1.52). The business had revenue of $778.30 million for the quarter, compared to the consensus estimate of $789.59 million. DIGITAL RLTY TR/SH had a return on equity of 3.58% and a net margin of 10.87%. DIGITAL RLTY TR/SH’s revenue was up 6.4% compared to the same quarter last year. During the same period in the prior year, the business posted $0.26 earnings per share. Sell-side analysts anticipate that DIGITAL RLTY TR/SH will post 6.68 EPS for the current year.
In other DIGITAL RLTY TR/SH news, Director Kevin Kennedy sold 400 shares of the stock in a transaction dated Tuesday, December 4th. The shares were sold at an average price of $114.51, for a total transaction of $45,804.00. Following the sale, the director now directly owns 400 shares in the company, valued at $45,804. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Christopher Sharp sold 7,871 shares of the stock in a transaction dated Monday, December 3rd. The stock was sold at an average price of $116.00, for a total transaction of $913,036.00. Following the sale, the insider now owns 8,933 shares in the company, valued at $1,036,228. The disclosure for this sale can be found here. Corporate insiders own 0.43% of the company’s stock.
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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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