RMR Advisors LLC lifted its position in DIGITAL RLTY TR/SH (NYSE:DLR) by 7.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 42,000 shares of the real estate investment trust’s stock after purchasing an additional 3,000 shares during the quarter. DIGITAL RLTY TR/SH comprises approximately 1.8% of RMR Advisors LLC’s portfolio, making the stock its 13th largest holding. RMR Advisors LLC’s holdings in DIGITAL RLTY TR/SH were worth $4,998,000 at the end of the most recent quarter.
Other institutional investors have also recently added to or reduced their stakes in the company. FMR LLC increased its stake in DIGITAL RLTY TR/SH by 21.8% in the fourth quarter. FMR LLC now owns 4,000,378 shares of the real estate investment trust’s stock valued at $426,240,000 after acquiring an additional 717,113 shares during the last quarter. Geode Capital Management LLC increased its stake in DIGITAL RLTY TR/SH by 7.2% in the fourth quarter. Geode Capital Management LLC now owns 3,250,993 shares of the real estate investment trust’s stock valued at $345,892,000 after acquiring an additional 217,995 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in DIGITAL RLTY TR/SH by 0.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,113,241 shares of the real estate investment trust’s stock valued at $331,715,000 after acquiring an additional 11,115 shares during the last quarter. Parnassus Investments CA bought a new position in DIGITAL RLTY TR/SH in the fourth quarter valued at $327,400,000. Finally, Canada Pension Plan Investment Board increased its stake in DIGITAL RLTY TR/SH by 575.4% in the fourth quarter. Canada Pension Plan Investment Board now owns 2,664,148 shares of the real estate investment trust’s stock valued at $283,842,000 after acquiring an additional 2,269,665 shares during the last quarter. 99.17% of the stock is currently owned by hedge funds and other institutional investors.
NYSE DLR traded down $1.01 during trading on Wednesday, hitting $118.06. 156,777 shares of the company’s stock traded hands, compared to its average volume of 903,118. The company has a quick ratio of 0.21, a current ratio of 0.21 and a debt-to-equity ratio of 1.08. DIGITAL RLTY TR/SH has a 12-month low of $100.05 and a 12-month high of $125.10. The firm has a market cap of $25.38 billion, a price-to-earnings ratio of 17.89, a PEG ratio of 2.57 and a beta of 0.48.
DIGITAL RLTY TR/SH (NYSE:DLR) last posted its quarterly earnings results on Tuesday, February 5th. The real estate investment trust reported $0.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.67 by ($1.52). DIGITAL RLTY TR/SH had a net margin of 10.87% and a return on equity of 3.58%. The business had revenue of $778.30 million for the quarter, compared to analysts’ expectations of $789.59 million. During the same quarter in the previous year, the company earned $0.26 earnings per share. The business’s quarterly revenue was up 6.4% on a year-over-year basis. Equities analysts expect that DIGITAL RLTY TR/SH will post 6.68 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 15th were given a dividend of $1.08 per share. This represents a $4.32 annualized dividend and a yield of 3.66%. This is a positive change from DIGITAL RLTY TR/SH’s previous quarterly dividend of $1.01. The ex-dividend date of this dividend was Thursday, March 14th. DIGITAL RLTY TR/SH’s dividend payout ratio is presently 65.45%.
A number of research analysts recently commented on DLR shares. ValuEngine raised DIGITAL RLTY TR/SH from a “hold” rating to a “buy” rating in a research note on Tuesday, February 19th. Barclays restated a “buy” rating and set a $143.00 price target on shares of DIGITAL RLTY TR/SH in a research report on Tuesday. Zacks Investment Research upgraded shares of DIGITAL RLTY TR/SH from a “hold” rating to a “buy” rating and set a $135.00 price target for the company in a research report on Thursday, April 11th. TheStreet lowered shares of DIGITAL RLTY TR/SH from a “b-” rating to a “c+” rating in a research report on Wednesday, February 6th. Finally, BMO Capital Markets restated 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. Five research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. DIGITAL RLTY TR/SH presently has a consensus rating of “Buy” and an average target price of $127.64.
In other news, Director Kevin Kennedy sold 400 shares of the stock in a transaction dated Friday, February 8th. The shares were sold at an average price of $110.13, for a total transaction of $44,052.00. Following the completion of the sale, the director now directly owns 400 shares in the company, valued at $44,052. The transaction was disclosed in a document filed with the SEC, 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 sale, the senior vice president now owns 14,166 shares of the company’s stock, valued at $1,688,728.86. The disclosure for this sale can be found here. Corporate insiders own 0.49% 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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