Baird Financial Group Inc. trimmed its holdings in DIGITAL RLTY TR/SH (NYSE:DLR) by 35.4% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 38,851 shares of the real estate investment trust’s stock after selling 21,275 shares during the period. Baird Financial Group Inc.’s holdings in DIGITAL RLTY TR/SH were worth $4,324,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also added to or reduced their stakes in the stock. Wafra Inc. grew its stake in DIGITAL RLTY TR/SH by 30.9% in the 3rd quarter. Wafra Inc. now owns 195,870 shares of the real estate investment trust’s stock valued at $22,031,000 after buying an additional 46,180 shares in the last quarter. Monashee Investment Management LLC purchased a new position in DIGITAL RLTY TR/SH in the 3rd quarter valued at approximately $19,403,000. Aviva PLC grew its stake in DIGITAL RLTY TR/SH by 93.7% in the 3rd quarter. Aviva PLC now owns 897,555 shares of the real estate investment trust’s stock valued at $100,957,000 after buying an additional 434,067 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in DIGITAL RLTY TR/SH by 0.7% in the 3rd quarter. Dimensional Fund Advisors LP now owns 3,102,126 shares of the real estate investment trust’s stock valued at $348,922,000 after buying an additional 22,262 shares in the last quarter. Finally, Quantbot Technologies LP grew its stake in DIGITAL RLTY TR/SH by 76.4% in the 3rd quarter. Quantbot Technologies LP now owns 25,209 shares of the real estate investment trust’s stock valued at $2,835,000 after buying an additional 10,922 shares in the last quarter. Institutional investors and hedge funds own 99.10% of the company’s stock.
In other news, CTO Christopher Sharp sold 5,000 shares of DIGITAL RLTY TR/SH stock in a transaction on Monday, November 12th. The shares were sold at an average price of $110.00, for a total transaction of $550,000.00. Following the completion of the sale, the chief technology officer now directly owns 6,062 shares of the company’s stock, valued at approximately $666,820. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Kevin Kennedy sold 400 shares of DIGITAL RLTY TR/SH stock in a transaction on Tuesday, December 4th. The stock was 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 of the company’s stock, valued at $45,804. The disclosure for this sale can be found here. Over the last three months, insiders sold 13,271 shares of company stock valued at $1,508,840. Insiders own 0.43% of the company’s stock.
Shares of NYSE:DLR opened at $116.90 on Friday. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 0.96. 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 capitalization of $23.43 billion, a price-to-earnings ratio of 19.04, a PEG ratio of 2.50 and a beta of 0.44.
DIGITAL RLTY TR/SH (NYSE:DLR) last announced its quarterly earnings results on Thursday, October 25th. The real estate investment trust reported $0.33 EPS for the quarter, missing the Thomson Reuters’ 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 firm had revenue of $768.92 million during the quarter, compared to the consensus estimate of $773.08 million. On average, equities analysts expect that DIGITAL RLTY TR/SH will post 6.6 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 15th. Shareholders of record on Friday, December 14th will be issued a $1.01 dividend. This represents a $4.04 annualized dividend and a yield of 3.46%. The ex-dividend date is Thursday, December 13th. DIGITAL RLTY TR/SH’s payout ratio is 65.80%.
DLR has been the subject of a number of recent research reports. ValuEngine upgraded shares of DIGITAL RLTY TR/SH from a “hold” rating to a “buy” rating in a research note on Thursday. Royal Bank of Canada reissued a “buy” rating and issued a $131.00 price target on shares of DIGITAL RLTY TR/SH in a report on Monday, August 13th. Citigroup cut their price target on shares of DIGITAL RLTY TR/SH from $131.00 to $126.00 and set a “buy” rating for the company in a report on Tuesday, November 6th. Berenberg Bank initiated coverage on shares of DIGITAL RLTY TR/SH in a report on Thursday, September 20th. They issued a “hold” rating and a $127.00 price target for the company. 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. Six investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. DIGITAL RLTY TR/SH currently has a consensus rating of “Buy” and an average target price of $125.47.
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DIGITAL RLTY TR/SH 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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