CNB Bank increased its stake in shares of DIGITAL RLTY TR/SH (NYSE:DLR) by 182.7% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,299 shares of the real estate investment trust’s stock after acquiring an additional 2,132 shares during the period. CNB Bank’s holdings in DIGITAL RLTY TR/SH were worth $428,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. New England Research & Management Inc. raised its stake in DIGITAL RLTY TR/SH by 56.3% in the third quarter. New England Research & Management Inc. now owns 9,768 shares of the real estate investment trust’s stock valued at $1,268,000 after buying an additional 3,520 shares during the period. Armor Investment Advisors LLC raised its stake in DIGITAL RLTY TR/SH by 2.5% in the third quarter. Armor Investment Advisors LLC now owns 17,458 shares of the real estate investment trust’s stock valued at $2,266,000 after buying an additional 433 shares during the period. Bartlett & Co. LLC bought a new stake in DIGITAL RLTY TR/SH in the third quarter valued at approximately $32,000. Huntington National Bank raised its stake in DIGITAL RLTY TR/SH by 9.5% in the third quarter. Huntington National Bank now owns 76,183 shares of the real estate investment trust’s stock valued at $9,889,000 after buying an additional 6,601 shares during the period. Finally, Security National Trust Co. raised its stake in DIGITAL RLTY TR/SH by 3.6% in the third quarter. Security National Trust Co. now owns 6,630 shares of the real estate investment trust’s stock valued at $860,000 after buying an additional 230 shares during the period.
DLR has been the topic of several research analyst reports. Guggenheim lowered DIGITAL RLTY TR/SH from a “buy” rating to a “neutral” rating and upped their price objective for the company from $127.00 to $132.00 in a research note on Wednesday, September 11th. BMO Capital Markets upped their price objective on DIGITAL RLTY TR/SH to $132.00 and gave the company a “market perform” rating in a research note on Wednesday, October 30th. Cowen set a $125.00 price objective on DIGITAL RLTY TR/SH and gave the company a “hold” rating in a research note on Wednesday, July 31st. KeyCorp upped their price objective on DIGITAL RLTY TR/SH from $130.00 to $135.00 and gave the company an “overweight” rating in a research note on Tuesday, October 8th. Finally, Royal Bank of Canada set a $130.00 target price on DIGITAL RLTY TR/SH and gave the stock a “buy” rating in a research note on Friday, August 9th. Seven analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. DIGITAL RLTY TR/SH currently has an average rating of “Buy” and a consensus price target of $131.21.
Shares of NYSE DLR traded down $2.11 during trading hours on Friday, reaching $116.57. 2,588,441 shares of the stock were exchanged, compared to its average volume of 1,293,080. The firm has a market capitalization of $24.51 billion, a price-to-earnings ratio of 17.66, a P/E/G ratio of 2.69 and a beta of 0.38. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.36 and a current ratio of 0.33. DIGITAL RLTY TR/SH has a 52 week low of $100.05 and a 52 week high of $136.32. The stock’s fifty day simple moving average is $128.92 and its 200 day simple moving average is $122.10.
DIGITAL RLTY TR/SH (NYSE:DLR) last announced its earnings results on Tuesday, October 29th. The real estate investment trust reported $1.67 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.64 by $0.03. The company had revenue of $806.50 million for the quarter, compared to analyst estimates of $814.47 million. DIGITAL RLTY TR/SH had a return on equity of 2.69% and a net margin of 9.22%. The firm’s quarterly revenue was up 4.9% compared to the same quarter last year. During the same quarter last year, the company earned $0.33 earnings per share. Research analysts predict that DIGITAL RLTY TR/SH will post 6.61 EPS for the current fiscal year.
About DIGITAL RLTY TR/SH
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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