Financial Advocates Investment Management trimmed its stake in shares of DIGITAL RLTY TR/SH (NYSE:DLR) by 52.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 277 shares of the real estate investment trust’s stock after selling 311 shares during the period. Financial Advocates Investment Management’s holdings in DIGITAL RLTY TR/SH were worth $54,000 at the end of the most recent reporting period.
Several other hedge funds also recently bought and sold shares of DLR. Capital World Investors lifted its position in shares of DIGITAL RLTY TR/SH by 41.6% during the 3rd quarter. Capital World Investors now owns 15,314,435 shares of the real estate investment trust’s stock valued at $1,722,568,000 after acquiring an additional 4,497,951 shares during the period. Parnassus Investments CA acquired a new stake in shares of DIGITAL RLTY TR/SH during the 4th quarter valued at approximately $327,400,000. Canada Pension Plan Investment Board lifted its position in shares of DIGITAL RLTY TR/SH by 575.4% during the 4th quarter. Canada Pension Plan Investment Board now owns 2,664,148 shares of the real estate investment trust’s stock valued at $283,842,000 after acquiring an additional 2,269,665 shares during the period. Brookfield Asset Management Inc. acquired a new stake in shares of DIGITAL RLTY TR/SH during the 3rd quarter valued at approximately $73,281,000. Finally, Aviva PLC lifted its position in shares of DIGITAL RLTY TR/SH by 93.7% during the 3rd quarter. Aviva PLC now owns 897,555 shares of the real estate investment trust’s stock valued at $100,957,000 after acquiring an additional 434,067 shares during the period. Institutional investors own 99.17% of the company’s stock.
DLR has been the subject of a number of research reports. ValuEngine upgraded shares of DIGITAL RLTY TR/SH from a “hold” rating to a “buy” rating in a research report on Thursday, December 6th. Jefferies Financial Group upgraded shares of DIGITAL RLTY TR/SH from a “hold” rating to a “buy” rating and lifted their price target for the company from $124.00 to $136.00 in a research report on Monday, December 10th. Credit Suisse Group set a $123.00 price target on shares of DIGITAL RLTY TR/SH and gave the company a “hold” rating in a research report on Thursday, December 20th. Barclays dropped their price objective on shares of DIGITAL RLTY TR/SH from $132.00 to $131.00 and set an “overweight” rating for the company in a research note on Thursday, January 3rd. Finally, BMO Capital Markets reissued a “hold” rating and set a $115.00 price objective on shares of DIGITAL RLTY TR/SH in a research note on Wednesday, February 6th. Six investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $125.75.
DIGITAL RLTY TR/SH (NYSE:DLR) last issued 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). DIGITAL RLTY TR/SH had a return on equity of 3.58% and a net margin of 10.87%. The business had revenue of $778.30 million for the quarter, compared to analysts’ expectations of $789.59 million. During the same period last year, the business earned $0.26 earnings per share. The company’s revenue for the quarter was up 6.4% on a year-over-year basis. As a group, sell-side analysts expect that DIGITAL RLTY TR/SH will post 6.68 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 29th. Stockholders of record on Friday, March 15th will be paid a dividend of $1.08 per share. This represents a $4.32 dividend on an annualized basis and a dividend yield of 3.67%. This is a boost from DIGITAL RLTY TR/SH’s previous quarterly dividend of $1.01. The ex-dividend date is Thursday, March 14th. DIGITAL RLTY TR/SH’s dividend payout ratio (DPR) is 65.45%.
In other news, Director Kevin Kennedy sold 400 shares of the firm’s 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 completion of the transaction, the director now directly owns 400 shares of the company’s stock, valued at approximately $44,052. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Company 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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