Resolution Capital Ltd trimmed its position in shares of DIGITAL RLTY TR/SH (NYSE:DLR) by 14.7% in the 1st quarter, Holdings Channel reports. The fund owned 645,994 shares of the real estate investment trust’s stock after selling 110,985 shares during the quarter. DIGITAL RLTY TR/SH comprises about 2.5% of Resolution Capital Ltd’s investment portfolio, making the stock its 16th largest position. Resolution Capital Ltd’s holdings in DIGITAL RLTY TR/SH were worth $76,873,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also recently modified their holdings of DLR. JOYN Advisors Inc. raised its stake in DIGITAL RLTY TR/SH by 13.7% in the fourth quarter. JOYN Advisors Inc. now owns 754 shares of the real estate investment trust’s stock worth $80,000 after buying an additional 91 shares in the last quarter. Kaizen Advisory LLC raised its stake in DIGITAL RLTY TR/SH by 21.1% in the fourth quarter. Kaizen Advisory LLC now owns 551 shares of the real estate investment trust’s stock worth $59,000 after buying an additional 96 shares in the last quarter. Bessemer Group Inc. raised its stake in DIGITAL RLTY TR/SH by 72.6% in the fourth quarter. Bessemer Group Inc. now owns 233 shares of the real estate investment trust’s stock worth $25,000 after buying an additional 98 shares in the last quarter. Parallel Advisors LLC raised its stake in DIGITAL RLTY TR/SH by 5.1% in the fourth quarter. Parallel Advisors LLC now owns 2,185 shares of the real estate investment trust’s stock worth $232,000 after buying an additional 106 shares in the last quarter. Finally, UMB Bank N A MO raised its stake in DIGITAL RLTY TR/SH by 0.8% in the fourth quarter. UMB Bank N A MO now owns 14,542 shares of the real estate investment trust’s stock worth $1,549,000 after buying an additional 117 shares in the last quarter. 99.17% of the stock is owned by hedge funds and other institutional investors.
In other news, SVP Joshua A. Mills sold 10,000 shares of the stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $119.21, for a total transaction of $1,192,100.00. Following the sale, the senior vice president now owns 14,166 shares in the company, valued at $1,688,728.86. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Kevin Kennedy sold 400 shares of the stock in a transaction that occurred on Friday, February 8th. The shares were sold at an average price of $110.13, for a total transaction of $44,052.00. Following the sale, the director now owns 400 shares in the company, valued at approximately $44,052. The disclosure for this sale can be found here. 0.49% of the stock is currently owned by corporate insiders.
DLR traded down $1.22 during midday trading on Wednesday, reaching $117.85. The company’s stock had a trading volume of 169,650 shares, compared to its average volume of 903,118. The stock has a market cap of $25.38 billion, a PE ratio of 17.86, a price-to-earnings-growth ratio of 2.57 and a beta of 0.48. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.21 and a current ratio of 0.21. DIGITAL RLTY TR/SH has a 1 year low of $100.05 and a 1 year high of $125.10.
DIGITAL RLTY TR/SH (NYSE:DLR) last announced its quarterly earnings data on Tuesday, February 5th. The real estate investment trust reported $0.15 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.67 by ($1.52). The business had revenue of $778.30 million during the quarter, compared to analysts’ expectations of $789.59 million. DIGITAL RLTY TR/SH had a return on equity of 3.58% and a net margin of 10.87%. DIGITAL RLTY TR/SH’s revenue for the quarter was up 6.4% compared to the same quarter last year. During the same quarter last year, the company posted $0.26 EPS. Equities research analysts predict that DIGITAL RLTY TR/SH will post 6.68 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 15th were issued a $1.08 dividend. This represents a $4.32 dividend on an annualized basis and a yield of 3.67%. The ex-dividend date was Thursday, March 14th. This is a boost from DIGITAL RLTY TR/SH’s previous quarterly dividend of $1.01. DIGITAL RLTY TR/SH’s dividend payout ratio is 65.45%.
A number of research firms recently issued reports on DLR. Raymond James downgraded shares of DIGITAL RLTY TR/SH from an “outperform” rating to a “market perform” rating and set a $120.00 price target for the company. in a research note on Monday, March 25th. Barclays reissued a “buy” rating and issued a $143.00 price target on shares of DIGITAL RLTY TR/SH in a research note on Tuesday. Credit Suisse Group set a $123.00 price target on shares of DIGITAL RLTY TR/SH and gave the stock a “hold” rating in a research note on Thursday, December 20th. TheStreet cut shares of DIGITAL RLTY TR/SH from a “b-” rating to a “c+” rating in a report on Wednesday, February 6th. Finally, Zacks Investment Research upgraded shares of DIGITAL RLTY TR/SH from a “hold” rating to a “buy” rating and set a $135.00 price objective on the stock in a report on Thursday, April 11th. Five investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $127.64.
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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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