DekaBank Deutsche Girozentrale grew its stake in shares of DIGITAL RLTY TR/SH (NYSE:DLR) by 415.9% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 49,209 shares of the real estate investment trust’s stock after acquiring an additional 39,670 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in DIGITAL RLTY TR/SH were worth $6,193,000 as of its most recent SEC filing.
Other large investors also recently added to or reduced their stakes in the company. State Treasurer State of Michigan lifted its position in shares of DIGITAL RLTY TR/SH by 0.8% during the 3rd quarter. State Treasurer State of Michigan now owns 61,460 shares of the real estate investment trust’s stock valued at $6,913,000 after acquiring an additional 500 shares during the period. Oliver Luxxe Assets LLC lifted its position in shares of DIGITAL RLTY TR/SH by 15.6% during the 3rd quarter. Oliver Luxxe Assets LLC now owns 27,115 shares of the real estate investment trust’s stock valued at $2,976,000 after acquiring an additional 3,663 shares during the period. Schwab Charles Investment Management Inc. lifted its position in shares of DIGITAL RLTY TR/SH by 4.7% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 2,150,524 shares of the real estate investment trust’s stock valued at $239,956,000 after acquiring an additional 96,180 shares during the period. Albion Financial Group UT lifted its position in shares of DIGITAL RLTY TR/SH by 7.9% during the 2nd quarter. Albion Financial Group UT now owns 22,938 shares of the real estate investment trust’s stock worth $2,559,000 after buying an additional 1,682 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. lifted its position in shares of DIGITAL RLTY TR/SH by 3.2% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 20,505 shares of the real estate investment trust’s stock worth $2,288,000 after buying an additional 629 shares during the last quarter. Hedge funds and other institutional investors own 98.34% of the company’s stock.
Several analysts recently weighed in on the company. Zacks Investment Research downgraded DIGITAL RLTY TR/SH from a “buy” rating to a “hold” rating in a research report on Thursday, August 9th. Barclays upped their price objective on DIGITAL RLTY TR/SH from $139.00 to $141.00 and gave the stock an “overweight” rating in a research report on Thursday, August 2nd. Credit Suisse Group set a $130.00 price objective on DIGITAL RLTY TR/SH and gave the stock a “hold” rating in a research report on Wednesday, August 8th. Berenberg Bank assumed coverage on DIGITAL RLTY TR/SH in a research report on Thursday, September 20th. They set a “hold” rating and a $127.00 price objective for the company. Finally, Royal Bank of Canada restated a “buy” rating and set a $131.00 price objective on shares of DIGITAL RLTY TR/SH in a research report on Monday, August 13th. Seven research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $125.47.
Shares of DLR opened at $113.69 on Friday. DIGITAL RLTY TR/SH has a 12-month low of $96.56 and a 12-month high of $125.10. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 0.96. The stock has a market capitalization of $23.36 billion, a price-to-earnings ratio of 18.52, a PEG ratio of 2.49 and a beta of 0.41.
DIGITAL RLTY TR/SH (NYSE:DLR) last issued its quarterly earnings results on Thursday, October 25th. The real estate investment trust reported $0.33 earnings per share for the quarter, missing the consensus estimate of $1.62 by ($1.29). The company had revenue of $768.92 million during the quarter, compared to analyst estimates of $773.08 million. DIGITAL RLTY TR/SH had a net margin of 11.78% and a return on equity of 3.96%. As a group, research analysts forecast that DIGITAL RLTY TR/SH will post 6.6 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 15th. Stockholders of record on Friday, December 14th will be paid a $1.01 dividend. The ex-dividend date is Thursday, December 13th. This represents a $4.04 annualized dividend and a dividend yield of 3.55%. DIGITAL RLTY TR/SH’s payout ratio is 65.80%.
In other news, CTO Christopher Sharp sold 5,000 shares of the stock in a transaction dated Monday, November 12th. The stock was sold at an average price of $110.00, for a total value of $550,000.00. Following the completion of the sale, the chief technology officer now owns 6,062 shares of the company’s stock, valued at $666,820. The sale was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 0.43% of the company’s stock.
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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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