Lindbrook Capital LLC Buys 659 Shares of DIGITAL RLTY TR/SH (NYSE:DLR)

Lindbrook Capital LLC boosted its stake in shares of DIGITAL RLTY TR/SH (NYSE:DLR) by 299.5% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 879 shares of the real estate investment trust’s stock after acquiring an additional 659 shares during the period. Lindbrook Capital LLC’s holdings in DIGITAL RLTY TR/SH were worth $103,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the business. FTB Advisors Inc. increased its stake in shares of DIGITAL RLTY TR/SH by 217.4% in the 1st quarter. FTB Advisors Inc. now owns 346 shares of the real estate investment trust’s stock valued at $41,000 after purchasing an additional 237 shares during the last quarter. Manchester Financial Inc. bought a new position in shares of DIGITAL RLTY TR/SH in the 2nd quarter valued at $46,000. Princeton Global Asset Management LLC bought a new position in shares of DIGITAL RLTY TR/SH in the 1st quarter valued at $51,000. Bremer Bank National Association bought a new position in shares of DIGITAL RLTY TR/SH in the 1st quarter valued at $56,000. Finally, Winslow Evans & Crocker Inc. increased its stake in shares of DIGITAL RLTY TR/SH by 14.5% in the 1st quarter. Winslow Evans & Crocker Inc. now owns 696 shares of the real estate investment trust’s stock valued at $86,000 after purchasing an additional 88 shares during the last quarter. Hedge funds and other institutional investors own 99.17% of the company’s stock.

DLR has been the topic of several recent analyst reports. ValuEngine lowered DIGITAL RLTY TR/SH from a “buy” rating to a “hold” rating in a research note on Thursday, June 27th. Jefferies Financial Group lowered DIGITAL RLTY TR/SH from a “buy” rating to a “hold” rating and decreased their price target for the company from $144.00 to $125.00 in a research note on Tuesday, April 23rd. TheStreet upgraded DIGITAL RLTY TR/SH from a “c+” rating to a “b” rating in a research note on Thursday, April 25th. Cowen set a $125.00 price target on DIGITAL RLTY TR/SH and gave the company a “hold” rating in a research note on Wednesday. Finally, Raymond James upgraded DIGITAL RLTY TR/SH from a “market perform” rating to an “outperform” rating and set a $116.00 price target on the stock in a research note on Thursday, June 6th. Seven research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $126.46.

In related news, Director Kevin Kennedy sold 300 shares of the firm’s stock in a transaction on Thursday, June 20th. The stock was sold at an average price of $125.00, for a total transaction of $37,500.00. Following the sale, the director now owns 300 shares of the company’s stock, valued at approximately $37,500. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Edward F. Sham sold 17,233 shares of the firm’s stock in a transaction on Monday, May 6th. The shares were sold at an average price of $119.65, for a total value of $2,061,928.45. Following the sale, the insider now directly owns 21,571 shares in the company, valued at approximately $2,580,970.15. The disclosure for this sale can be found here. In the last three months, insiders have sold 29,333 shares of company stock worth $3,537,128. 0.49% of the stock is currently owned by company insiders.

NYSE DLR opened at $117.21 on Friday. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.05 and a current ratio of 0.36. DIGITAL RLTY TR/SH has a twelve month low of $100.05 and a twelve month high of $125.19. The firm has a market cap of $23.82 billion, a P/E ratio of 17.76, a price-to-earnings-growth ratio of 2.48 and a beta of 0.43. The firm’s fifty day moving average price is $118.95.

DIGITAL RLTY TR/SH (NYSE:DLR) last released its quarterly earnings data on Tuesday, July 30th. The real estate investment trust reported $0.15 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.63 by ($1.48). DIGITAL RLTY TR/SH had a net margin of 10.00% and a return on equity of 3.01%. The firm had revenue of $801.00 million for the quarter, compared to analyst estimates of $807.48 million. During the same period last year, the business earned $1.66 EPS. The company’s revenue was up 6.1% compared to the same quarter last year. Equities research analysts anticipate that DIGITAL RLTY TR/SH will post 6.65 EPS for the current year.

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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