Resolution Capital Ltd increased its position in DIGITAL RLTY TR/SH (NYSE:DLR) by 0.2% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 893,295 shares of the real estate investment trust’s stock after buying an additional 2,003 shares during the period. DIGITAL RLTY TR/SH accounts for about 3.5% of Resolution Capital Ltd’s investment portfolio, making the stock its 12th largest holding. Resolution Capital Ltd’s holdings in DIGITAL RLTY TR/SH were worth $100,478,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors and hedge funds have also recently made changes to their positions in DLR. First Republic Investment Management Inc. bought a new position in DIGITAL RLTY TR/SH in the 2nd quarter worth $46,477,000. American Century Companies Inc. raised its holdings in DIGITAL RLTY TR/SH by 86.1% in the 3rd quarter. American Century Companies Inc. now owns 541,222 shares of the real estate investment trust’s stock worth $60,877,000 after acquiring an additional 250,397 shares during the period. Osterweis Capital Management Inc. bought a new position in DIGITAL RLTY TR/SH in the 2nd quarter worth $24,663,000. Security Capital Research & Management Inc. raised its holdings in DIGITAL RLTY TR/SH by 50.7% in the 2nd quarter. Security Capital Research & Management Inc. now owns 482,605 shares of the real estate investment trust’s stock worth $53,849,000 after acquiring an additional 162,300 shares during the period. Finally, Presima Inc. raised its holdings in DIGITAL RLTY TR/SH by 42.2% in the 3rd quarter. Presima Inc. now owns 505,700 shares of the real estate investment trust’s stock worth $56,881,000 after acquiring an additional 150,000 shares during the period. Hedge funds and other institutional investors own 98.28% of the company’s stock.
Shares of DIGITAL RLTY TR/SH stock opened at $110.56 on Tuesday. The company has a current ratio of 0.34, a quick ratio of 0.30 and a debt-to-equity ratio of 0.96. DIGITAL RLTY TR/SH has a twelve month low of $96.56 and a twelve month high of $125.10. The stock has a market cap of $22.17 billion, a PE ratio of 18.03, a price-to-earnings-growth ratio of 2.36 and a beta of 0.41.
DIGITAL RLTY TR/SH (NYSE:DLR) last issued its 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). DIGITAL RLTY TR/SH had a net margin of 11.78% and a return on equity of 3.96%. The business had revenue of $768.92 million for the quarter, compared to analyst estimates of $773.08 million. Research analysts forecast that DIGITAL RLTY TR/SH will post 6.6 earnings per share for the current year.
Several research analysts recently commented on DLR shares. Guggenheim upgraded shares of DIGITAL RLTY TR/SH from a “neutral” rating to a “buy” rating and set a $125.00 target price on the stock in a report on Monday, October 22nd. Citigroup boosted their price objective on shares of DIGITAL RLTY TR/SH from $119.00 to $131.00 and gave the stock a “buy” rating in a report on Monday, July 30th. They noted that the move was a valuation call. BMO Capital Markets set a $120.00 price objective on shares of DIGITAL RLTY TR/SH and gave the stock a “hold” rating in a report on Friday, October 26th. Barclays boosted their price objective on shares of DIGITAL RLTY TR/SH from $139.00 to $141.00 and gave the stock an “overweight” rating in a report on Thursday, August 2nd. Finally, Zacks Investment Research downgraded shares of DIGITAL RLTY TR/SH from a “buy” rating to a “hold” rating in a report on Thursday, August 9th. Seven research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. DIGITAL RLTY TR/SH currently has an average rating of “Buy” and an average target price of $126.38.
COPYRIGHT VIOLATION NOTICE: “DIGITAL RLTY TR/SH (DLR) Position Lifted by Resolution Capital Ltd” was originally reported by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are accessing this report on another website, it was copied illegally and reposted in violation of U.S. and international copyright & trademark legislation. The legal version of this report can be accessed at https://www.dispatchtribunal.com/2018/11/06/digital-rlty-tr-sh-dlr-position-lifted-by-resolution-capital-ltd.html.
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.
Featured Story: What is the 52-week high/low?
Want to see what other hedge funds are holding DLR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for DIGITAL RLTY TR/SH (NYSE:DLR).
Receive News & Ratings for DIGITAL RLTY TR/SH Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for DIGITAL RLTY TR/SH and related companies with MarketBeat.com's FREE daily email newsletter.