Willingdon Wealth Management Buys 401 Shares of DIGITAL RLTY TR/SH (NYSE:DLR)

Willingdon Wealth Management raised its stake in DIGITAL RLTY TR/SH (NYSE:DLR) by 2.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 16,697 shares of the real estate investment trust’s stock after buying an additional 401 shares during the period. Willingdon Wealth Management’s holdings in DIGITAL RLTY TR/SH were worth $1,967,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. TD Asset Management Inc. boosted its holdings in DIGITAL RLTY TR/SH by 3.1% in the second quarter. TD Asset Management Inc. now owns 75,264 shares of the real estate investment trust’s stock worth $8,865,000 after acquiring an additional 2,234 shares in the last quarter. Westpac Banking Corp raised its stake in shares of DIGITAL RLTY TR/SH by 28.0% in the second quarter. Westpac Banking Corp now owns 76,551 shares of the real estate investment trust’s stock worth $9,017,000 after purchasing an additional 16,723 shares during the last quarter. Sheaff Brock Investment Advisors LLC raised its stake in shares of DIGITAL RLTY TR/SH by 2.3% in the second quarter. Sheaff Brock Investment Advisors LLC now owns 11,171 shares of the real estate investment trust’s stock worth $1,316,000 after purchasing an additional 254 shares during the last quarter. Stevens Capital Management LP purchased a new stake in shares of DIGITAL RLTY TR/SH in the second quarter worth approximately $3,028,000. Finally, Signaturefd LLC increased its position in shares of DIGITAL RLTY TR/SH by 21.4% during the second quarter. Signaturefd LLC now owns 596 shares of the real estate investment trust’s stock valued at $70,000 after acquiring an additional 105 shares during the last quarter. Hedge funds and other institutional investors own 99.17% of the company’s stock.

A number of brokerages recently commented on DLR. Argus began coverage on DIGITAL RLTY TR/SH in a research report on Wednesday, July 3rd. They set a “buy” rating and a $140.00 price target for the company. Cowen set a $125.00 price target on DIGITAL RLTY TR/SH and gave the company a “hold” rating in a research report on Wednesday, July 31st. Barclays reaffirmed a “buy” rating and set a $143.00 price target on shares of DIGITAL RLTY TR/SH in a research report on Tuesday, April 16th. Royal Bank of Canada set a $130.00 price target on DIGITAL RLTY TR/SH and gave the company a “buy” rating in a research report on Friday. Finally, Stifel Nicolaus set a $130.00 price target on DIGITAL RLTY TR/SH and gave the company a “buy” rating in a research report on Friday, April 26th. Seven analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. DIGITAL RLTY TR/SH has a consensus rating of “Buy” and an average price target of $126.92.

Shares of DIGITAL RLTY TR/SH stock traded up $0.44 during trading hours on Tuesday, reaching $120.19. The company had a trading volume of 37,334 shares, compared to its average volume of 1,078,836. DIGITAL RLTY TR/SH has a one year low of $100.05 and a one year high of $125.19. The business has a fifty day moving average price of $118.22. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.36 and a current ratio of 0.36. The company has a market cap of $24.88 billion, a price-to-earnings ratio of 18.23, a PEG ratio of 2.61 and a beta of 0.43.

DIGITAL RLTY TR/SH (NYSE:DLR) last posted its quarterly earnings data on Tuesday, July 30th. The real estate investment trust reported $0.15 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.63 by ($1.48). The business had revenue of $801.00 million for the quarter, compared to the consensus estimate of $807.48 million. DIGITAL RLTY TR/SH had a net margin of 10.00% and a return on equity of 3.01%. DIGITAL RLTY TR/SH’s quarterly revenue was up 6.1% on a year-over-year basis. During the same period in the prior year, the business posted $1.66 EPS. As a group, equities research analysts predict that DIGITAL RLTY TR/SH will post 6.64 earnings per share for the current fiscal year.

In other news, Director Kevin Kennedy sold 300 shares of DIGITAL RLTY TR/SH stock in a transaction dated Thursday, June 20th. The stock was sold at an average price of $125.00, for a total value of $37,500.00. Following the transaction, the director now owns 300 shares in the company, valued at $37,500. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Edward F. Sham sold 11,400 shares of DIGITAL RLTY TR/SH stock in a transaction dated Monday, June 17th. The stock was sold at an average price of $122.00, for a total value of $1,390,800.00. Following the completion of the transaction, the insider now owns 15,738 shares in the company, valued at approximately $1,920,036. The disclosure for this sale can be found here. Insiders have sold 12,100 shares of company stock valued at $1,475,604 in the last three months. 0.49% of the stock is owned by corporate insiders.

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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Institutional Ownership by Quarter for DIGITAL RLTY TR/SH (NYSE:DLR)

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