GWM Advisors LLC boosted its position in DIGITAL RLTY TR/SH (NYSE:DLR) by 31.0% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 9,976 shares of the real estate investment trust’s stock after purchasing an additional 2,359 shares during the quarter. GWM Advisors LLC’s holdings in DIGITAL RLTY TR/SH were worth $1,418,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds have also recently made changes to their positions in the company. WASHINGTON TRUST Co acquired a new position in shares of DIGITAL RLTY TR/SH during the 1st quarter valued at about $25,000. North Star Investment Management Corp. acquired a new stake in DIGITAL RLTY TR/SH during the 2nd quarter worth approximately $30,000. BDO Wealth Advisors LLC increased its position in DIGITAL RLTY TR/SH by 80.8% during the 1st quarter. BDO Wealth Advisors LLC now owns 226 shares of the real estate investment trust’s stock worth $31,000 after purchasing an additional 101 shares in the last quarter. Creative Financial Designs Inc. ADV acquired a new stake in DIGITAL RLTY TR/SH during the 2nd quarter worth approximately $32,000. Finally, Bartlett & Co. LLC acquired a new stake in DIGITAL RLTY TR/SH during the 1st quarter worth approximately $37,000.
In related news, SVP Matt Mercier sold 1,511 shares of the firm’s stock in a transaction on Thursday, May 28th. The stock was sold at an average price of $144.74, for a total transaction of $218,702.14. Following the transaction, the senior vice president now directly owns 1,606 shares in the company, valued at $232,452.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO A William Stein sold 25,000 shares of the firm’s stock in a transaction on Wednesday, July 29th. The stock was sold at an average price of $156.52, for a total value of $3,913,000.00. Following the transaction, the chief executive officer now owns 25,000 shares in the company, valued at $3,913,000. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 87,249 shares of company stock valued at $13,113,723. Company insiders own 0.61% of the company’s stock.
A number of analysts recently issued reports on the stock. Edward Jones assumed coverage on shares of DIGITAL RLTY TR/SH in a research report on Tuesday, July 14th. They set a “hold” rating for the company. Robert W. Baird downgraded shares of DIGITAL RLTY TR/SH from an “outperform” rating to a “neutral” rating and increased their target price for the stock from $142.00 to $144.00 in a research report on Monday, April 13th. SunTrust Banks increased their target price on shares of DIGITAL RLTY TR/SH from $152.00 to $170.00 and gave the stock a “buy” rating in a research report on Friday, May 8th. Zacks Investment Research downgraded shares of DIGITAL RLTY TR/SH from a “buy” rating to a “hold” rating and set a $141.00 target price for the company. in a research report on Thursday, May 14th. Finally, Raymond James upgraded DIGITAL RLTY TR/SH from a “market perform” rating to an “outperform” rating and set a $175.00 price target for the company in a report on Friday. Eight investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $151.13.
DIGITAL RLTY TR/SH stock opened at $160.54 on Friday. The stock has a market cap of $43.07 billion, a P/E ratio of 25.24, a price-to-earnings-growth ratio of 3.91 and a beta of 0.19. The company has a current ratio of 0.45, a quick ratio of 0.45 and a debt-to-equity ratio of 0.87. The stock has a 50 day moving average of $144.39 and a 200-day moving average of $137.01. DIGITAL RLTY TR/SH has a 52 week low of $105.00 and a 52 week high of $165.49.
DIGITAL RLTY TR/SH (NYSE:DLR) last released its earnings results on Thursday, July 30th. The real estate investment trust reported $0.20 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.48 by ($1.28). The business had revenue of $993.00 million for the quarter, compared to analysts’ expectations of $931.10 million. DIGITAL RLTY TR/SH had a net margin of 20.57% and a return on equity of 7.45%. As a group, equities analysts predict that DIGITAL RLTY TR/SH will post 6.05 earnings per share for the current fiscal year.
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.
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