TRUE Private Wealth Advisors bought a new position in shares of DIGITAL RLTY TR/SH (NYSE:DLR) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 1,564 shares of the real estate investment trust’s stock, valued at approximately $176,000.
A number of other hedge funds and other institutional investors have also modified their holdings of the business. Oakbrook Investments LLC raised its stake in DIGITAL RLTY TR/SH by 43.7% during the third quarter. Oakbrook Investments LLC now owns 11,015 shares of the real estate investment trust’s stock worth $1,239,000 after acquiring an additional 3,350 shares in the last quarter. CAPROCK Group Inc. acquired a new position in shares of DIGITAL RLTY TR/SH in the third quarter valued at approximately $222,000. Iowa State Bank increased its stake in shares of DIGITAL RLTY TR/SH by 2.4% in the third quarter. Iowa State Bank now owns 26,650 shares of the real estate investment trust’s stock valued at $2,998,000 after buying an additional 615 shares during the period. MERIAN GLOBAL INVESTORS UK Ltd acquired a new position in shares of DIGITAL RLTY TR/SH in the third quarter valued at approximately $978,000. Finally, Bogart Wealth LLC increased its stake in shares of DIGITAL RLTY TR/SH by 7.2% in the third quarter. Bogart Wealth LLC now owns 17,350 shares of the real estate investment trust’s stock valued at $1,952,000 after buying an additional 1,162 shares during the period. 98.33% of the stock is owned by hedge funds and other institutional investors.
Several research firms have recently issued reports on DLR. Berenberg Bank began coverage on DIGITAL RLTY TR/SH in a research note on Thursday, September 20th. They issued a “hold” rating and a $127.00 price objective for the company. Royal Bank of Canada reaffirmed a “buy” rating and issued a $131.00 price objective on shares of DIGITAL RLTY TR/SH in a research note on Monday, August 13th. Zacks Investment Research downgraded DIGITAL RLTY TR/SH from a “buy” rating to a “hold” rating in a research note on Thursday, August 9th. Credit Suisse Group set a $130.00 price objective on DIGITAL RLTY TR/SH and gave the company a “hold” rating in a research note on Wednesday, August 8th. Finally, Barclays upped their price objective on DIGITAL RLTY TR/SH from $139.00 to $141.00 and gave the company an “overweight” rating in a research note on Thursday, August 2nd. Eight investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. DIGITAL RLTY TR/SH currently has a consensus rating of “Buy” and a consensus target price of $127.24.
DIGITAL RLTY TR/SH (NYSE:DLR) last announced its earnings results on Thursday, July 26th. The real estate investment trust reported $0.32 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.61 by ($1.29). DIGITAL RLTY TR/SH had a net margin of 9.79% and a return on equity of 3.02%. The company had revenue of $754.91 million during the quarter, compared to the consensus estimate of $759.30 million. During the same quarter in the previous year, the company earned $1.54 earnings per share. The business’s revenue was up 33.4% on a year-over-year basis. As a group, sell-side analysts anticipate that DIGITAL RLTY TR/SH will post 6.6 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, September 28th. Investors of record on Friday, September 14th were issued a $1.01 dividend. This represents a $4.04 annualized dividend and a yield of 3.59%. The ex-dividend date of this dividend was Thursday, September 13th. DIGITAL RLTY TR/SH’s payout ratio is presently 65.80%.
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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