National Pension Service raised its stake in DIGITAL RLTY TR/SH (NYSE:DLR) by 5.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 268,505 shares of the real estate investment trust’s stock after acquiring an additional 13,802 shares during the period. National Pension Service owned about 0.13% of DIGITAL RLTY TR/SH worth $31,627,000 as of its most recent SEC filing.
Other large investors also recently made changes to their positions in the company. BSW Wealth Partners purchased a new position in DIGITAL RLTY TR/SH during the 2nd quarter worth $81,000. Creative Planning lifted its position in shares of DIGITAL RLTY TR/SH by 40.1% during the 2nd quarter. Creative Planning now owns 16,968 shares of the real estate investment trust’s stock worth $1,999,000 after buying an additional 4,857 shares during the last quarter. Forte Capital LLC ADV bought a new stake in shares of DIGITAL RLTY TR/SH during the 2nd quarter worth $1,199,000. Nomura Asset Management Co. Ltd. lifted its position in shares of DIGITAL RLTY TR/SH by 2.5% during the 2nd quarter. Nomura Asset Management Co. Ltd. now owns 166,030 shares of the real estate investment trust’s stock worth $19,557,000 after buying an additional 3,977 shares during the last quarter. Finally, PNC Financial Services Group Inc. lifted its position in shares of DIGITAL RLTY TR/SH by 1.3% during the 1st quarter. PNC Financial Services Group Inc. now owns 27,644 shares of the real estate investment trust’s stock worth $3,288,000 after buying an additional 364 shares during the last quarter.
In other news, Director Kevin Kennedy sold 300 shares of the company’s stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $125.00, for a total value of $37,500.00. Following the completion of the transaction, the director now directly owns 300 shares in the company, valued at approximately $37,500. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.49% of the stock is currently owned by corporate insiders.
DIGITAL RLTY TR/SH (NYSE:DLR) last announced its quarterly earnings data on Tuesday, July 30th. The real estate investment trust reported $0.15 EPS for the quarter, missing the Zacks’ consensus estimate of $1.63 by ($1.48). The firm had revenue of $801.00 million during the quarter, compared to analyst estimates of $807.48 million. DIGITAL RLTY TR/SH had a net margin of 10.00% and a return on equity of 3.01%. The company’s revenue was up 6.1% on a year-over-year basis. During the same period last year, the business posted $1.66 EPS. On average, research analysts forecast that DIGITAL RLTY TR/SH will post 6.64 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 13th will be issued a $1.08 dividend. This represents a $4.32 dividend on an annualized basis and a dividend yield of 3.47%. The ex-dividend date is Thursday, September 12th. DIGITAL RLTY TR/SH’s payout ratio is currently 65.45%.
Several brokerages recently weighed in on DLR. Royal Bank of Canada set a $130.00 price objective on DIGITAL RLTY TR/SH and gave the stock a “buy” rating in a research report on Friday, August 9th. Raymond James upgraded DIGITAL RLTY TR/SH from a “market perform” rating to an “outperform” rating and set a $116.00 price objective for the company in a research report on Thursday, June 6th. Barclays restated an “overweight” rating and set a $147.00 price objective on shares of DIGITAL RLTY TR/SH in a research report on Friday, August 30th. Morgan Stanley downgraded DIGITAL RLTY TR/SH from an “overweight” rating to an “equal” rating and upped their price objective for the stock from $118.00 to $122.00 in a research report on Thursday. Finally, Zacks Investment Research upgraded DIGITAL RLTY TR/SH from a “sell” rating to a “hold” rating and set a $125.00 price objective for the company in a research report on Friday, June 28th. Eight analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. DIGITAL RLTY TR/SH currently has an average rating of “Hold” and a consensus target price of $127.36.
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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