People s United Financial Inc. increased its position in DIGITAL RLTY TR/SH (NYSE:DLR) by 4.0% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 19,468 shares of the real estate investment trust’s stock after buying an additional 749 shares during the period. People s United Financial Inc.’s holdings in DIGITAL RLTY TR/SH were worth $2,190,000 at the end of the most recent quarter.
A number of other institutional investors have also recently modified their holdings of DLR. Centaurus Financial Inc. bought a new position in DIGITAL RLTY TR/SH in the 2nd quarter worth $103,000. Winslow Evans & Crocker Inc. boosted its holdings in DIGITAL RLTY TR/SH by 105.5% in the 3rd quarter. Winslow Evans & Crocker Inc. now owns 1,118 shares of the real estate investment trust’s stock worth $128,000 after buying an additional 574 shares during the period. Qube Research & Technologies Ltd boosted its holdings in DIGITAL RLTY TR/SH by 378.1% in the 2nd quarter. Qube Research & Technologies Ltd now owns 1,200 shares of the real estate investment trust’s stock worth $134,000 after buying an additional 949 shares during the period. NEXT Financial Group Inc bought a new position in DIGITAL RLTY TR/SH in the 3rd quarter worth $156,000. Finally, TRUE Private Wealth Advisors bought a new position in DIGITAL RLTY TR/SH in the 3rd quarter worth $176,000. 99.10% of the stock is owned by institutional investors.
DLR opened at $116.90 on Friday. DIGITAL RLTY TR/SH has a 52 week low of $96.56 and a 52 week high of $125.10. The stock has a market cap of $23.43 billion, a price-to-earnings ratio of 19.04, a P/E/G ratio of 2.50 and a beta of 0.44. 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 (NYSE:DLR) last announced its earnings results on Thursday, October 25th. The real estate investment trust reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.62 by ($1.29). The business had revenue of $768.92 million for the quarter, compared to analysts’ expectations of $773.08 million. DIGITAL RLTY TR/SH had a net margin of 11.78% and a return on equity of 3.96%. On average, sell-side analysts forecast that DIGITAL RLTY TR/SH will post 6.6 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 15th. Stockholders of record on Friday, December 14th will be given a dividend of $1.01 per share. This represents a $4.04 annualized dividend and a dividend yield of 3.46%. The ex-dividend date of this dividend is Thursday, December 13th. DIGITAL RLTY TR/SH’s dividend payout ratio is 65.80%.
DLR has been the subject of several recent analyst reports. ValuEngine raised shares of DIGITAL RLTY TR/SH from a “hold” rating to a “buy” rating in a report on Thursday. Citigroup dropped their price objective 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. Royal Bank of Canada reissued a “buy” rating and set a $131.00 price objective on shares of DIGITAL RLTY TR/SH in a report on Monday, August 13th. Guggenheim raised shares of DIGITAL RLTY TR/SH from a “neutral” rating to a “buy” rating and set a $125.00 price objective for the company in a report on Monday, October 22nd. Finally, Berenberg Bank began coverage on shares of DIGITAL RLTY TR/SH in a report on Thursday, September 20th. They set a “hold” rating and a $127.00 price objective for the company. Six analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The company has an average rating of “Buy” and an average price target of $125.47.
In other news, Director Kevin Kennedy sold 400 shares of the company’s stock in a transaction dated Tuesday, December 4th. The shares were 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 in the company, valued at approximately $45,804. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CTO Christopher Sharp sold 5,000 shares of the company’s stock in a transaction dated Monday, November 12th. The shares were sold at an average price of $110.00, for a total transaction of $550,000.00. Following the sale, the chief technology officer now owns 6,062 shares in the company, valued at $666,820. The disclosure for this sale can be found here. Insiders have sold a total of 13,271 shares of company stock worth $1,508,840 over the last 90 days. Corporate insiders own 0.43% of the company’s stock.
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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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