Teachers Advisors LLC increased its stake in Digital Realty (NYSE:DLR) by 18.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 621,150 shares of the real estate investment trust’s stock after purchasing an additional 96,784 shares during the quarter. Teachers Advisors LLC owned approximately 0.30% of Digital Realty worth $70,749,000 at the end of the most recent quarter.
Several other large investors also recently bought and sold shares of the stock. Amica Retiree Medical Trust purchased a new position in Digital Realty in the third quarter worth $102,000. Grove Bank & Trust boosted its position in Digital Realty by 1,284.6% during the third quarter. Grove Bank & Trust now owns 900 shares of the real estate investment trust’s stock valued at $106,000 after buying an additional 835 shares during the period. Thompson Siegel & Walmsley LLC boosted its position in Digital Realty by 4,984.2% during the third quarter. Thompson Siegel & Walmsley LLC now owns 966 shares of the real estate investment trust’s stock valued at $114,000 after buying an additional 947 shares during the period. Fieldpoint Private Securities LLC bought a new position in shares of Digital Realty during the third quarter valued at about $134,000. Finally, SeaCrest Wealth Management LLC bought a new position in shares of Digital Realty during the fourth quarter valued at about $165,000. 99.95% of the stock is currently owned by institutional investors.
Several equities analysts have recently commented on DLR shares. Wells Fargo raised shares of Digital Realty from a “market perform” rating to an “outperform” rating and upped their price objective for the company from $109.31 to $120.00 in a research note on Friday, December 22nd. ValuEngine raised shares of Digital Realty from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. Deutsche Bank raised shares of Digital Realty from a “hold” rating to a “buy” rating and set a $130.00 target price for the company in a research note on Wednesday, January 10th. Zacks Investment Research downgraded shares of Digital Realty from a “hold” rating to a “sell” rating in a research note on Monday, January 15th. Finally, Robert W. Baird upgraded shares of Digital Realty from a “neutral” rating to an “outperform” rating and set a $124.00 price target on the stock in a report on Tuesday, January 16th. Six research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $122.25.
Digital Realty stock traded down $0.91 during trading hours on Friday, hitting $104.30. The company had a trading volume of 839,637 shares, compared to its average volume of 1,102,555. The stock has a market cap of $21,430.52, a price-to-earnings ratio of 16.99, a price-to-earnings-growth ratio of 2.35 and a beta of -0.02. The company has a debt-to-equity ratio of 0.88, a current ratio of 0.25 and a quick ratio of 0.25. Digital Realty has a 1 year low of $96.56 and a 1 year high of $127.23.
Digital Realty (NYSE:DLR) last posted its quarterly earnings results on Thursday, February 15th. The real estate investment trust reported $0.34 EPS for the quarter, missing the consensus estimate of $1.52 by ($1.18). Digital Realty had a net margin of 10.10% and a return on equity of 4.03%. The business had revenue of $731.45 million during the quarter, compared to the consensus estimate of $729.30 million. research analysts expect that Digital Realty will post 6.54 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, March 30th. Shareholders of record on Thursday, March 15th were given a dividend of $1.01 per share. This represents a $4.04 annualized dividend and a yield of 3.87%. The ex-dividend date of this dividend was Wednesday, March 14th. This is an increase from Digital Realty’s previous quarterly dividend of $0.93. Digital Realty’s payout ratio is currently 65.80%.
In other Digital Realty news, SVP Christopher Kenney sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, March 9th. The shares were sold at an average price of $103.47, for a total transaction of $1,034,700.00. Following the sale, the senior vice president now owns 10,000 shares of the company’s stock, valued at approximately $1,034,700. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.40% of the stock is currently owned by insiders.
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Digital Realty 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 financial services, cloud and information technology services, to manufacturing, energy, gaming, life sciences and consumer products.
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