Spirit of America Management Corp NY trimmed its stake in DIGITAL RLTY TR/SH (NYSE:DLR) by 4.5% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 49,031 shares of the real estate investment trust’s stock after selling 2,300 shares during the period. Spirit of America Management Corp NY’s holdings in DIGITAL RLTY TR/SH were worth $5,835,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors also recently added to or reduced their stakes in the company. Bessemer Group Inc. boosted its position in DIGITAL RLTY TR/SH by 72.6% in the 4th quarter. Bessemer Group Inc. now owns 233 shares of the real estate investment trust’s stock valued at $25,000 after buying an additional 98 shares during the period. Ruggie Capital Group purchased a new stake in shares of DIGITAL RLTY TR/SH in the 4th quarter worth approximately $28,000. Parkside Financial Bank & Trust lifted its position in shares of DIGITAL RLTY TR/SH by 223.7% in the 4th quarter. Parkside Financial Bank & Trust now owns 382 shares of the real estate investment trust’s stock worth $41,000 after purchasing an additional 264 shares during the period. We Are One Seven LLC purchased a new stake in shares of DIGITAL RLTY TR/SH in the 4th quarter worth approximately $42,000. Finally, Bremer Trust National Association purchased a new stake in shares of DIGITAL RLTY TR/SH in the 4th quarter worth approximately $51,000. 99.17% of the stock is owned by institutional investors.
In related news, Director Kevin Kennedy sold 400 shares of the 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 sale, the director now owns 400 shares of the company’s stock, valued at $44,052. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Joshua A. Mills sold 10,000 shares of the stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $119.21, for a total transaction of $1,192,100.00. Following the sale, the senior vice president now directly owns 14,166 shares of the company’s stock, valued at approximately $1,688,728.86. The disclosure for this sale can be found here. Corporate insiders own 0.49% of the company’s stock.
NYSE:DLR traded down $1.01 during midday trading on Wednesday, reaching $118.06. 156,777 shares of the stock traded hands, compared to its average volume of 903,118. DIGITAL RLTY TR/SH has a 12-month low of $100.05 and a 12-month high of $125.10. The company has a quick ratio of 0.21, a current ratio of 0.21 and a debt-to-equity ratio of 1.08. The stock has a market capitalization of $25.38 billion, a price-to-earnings ratio of 17.89, a PEG ratio of 2.57 and a beta of 0.48.
DIGITAL RLTY TR/SH (NYSE:DLR) last posted its earnings results on Tuesday, February 5th. The real estate investment trust reported $0.15 EPS for the quarter, missing the Zacks’ consensus estimate of $1.67 by ($1.52). DIGITAL RLTY TR/SH had a net margin of 10.87% and a return on equity of 3.58%. The firm had revenue of $778.30 million for the quarter, compared to analysts’ expectations of $789.59 million. During the same period in the previous year, the company earned $0.26 EPS. The company’s revenue was up 6.4% on a year-over-year basis. As a group, analysts expect that DIGITAL RLTY TR/SH will post 6.68 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 15th were given a dividend of $1.08 per share. This is a boost from DIGITAL RLTY TR/SH’s previous quarterly dividend of $1.01. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $4.32 dividend on an annualized basis and a yield of 3.66%. DIGITAL RLTY TR/SH’s dividend payout ratio is presently 65.45%.
Several equities research analysts have recently weighed in on DLR shares. ValuEngine raised shares of DIGITAL RLTY TR/SH from a “hold” rating to a “buy” rating in a research report on Tuesday, February 19th. Barclays reaffirmed a “buy” rating and issued a $143.00 price target on shares of DIGITAL RLTY TR/SH in a research report on Tuesday. Zacks Investment Research raised shares of DIGITAL RLTY TR/SH from a “hold” rating to a “buy” rating and set a $135.00 price target for the company in a research report on Thursday, April 11th. TheStreet cut shares of DIGITAL RLTY TR/SH from a “b-” rating to a “c+” rating in a research report on Wednesday, February 6th. Finally, BMO Capital Markets reaffirmed a “hold” rating and issued a $115.00 price target on shares of DIGITAL RLTY TR/SH in a research report on Wednesday, February 6th. Five research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $127.64.
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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