Zevin Asset Management LLC grew its position in DIGITAL RLTY TR/SH (NYSE:DLR) by 9.9% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 10,069 shares of the real estate investment trust’s stock after buying an additional 906 shares during the period. Zevin Asset Management LLC’s holdings in DIGITAL RLTY TR/SH were worth $1,307,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Krane Funds Advisors LLC bought a new stake in shares of DIGITAL RLTY TR/SH in the second quarter valued at about $25,000. Bartlett & Co. LLC purchased a new stake in shares of DIGITAL RLTY TR/SH during the third quarter worth about $32,000. Private Ocean LLC grew its stake in shares of DIGITAL RLTY TR/SH by 1,160.0% during the third quarter. Private Ocean LLC now owns 252 shares of the real estate investment trust’s stock worth $33,000 after acquiring an additional 232 shares during the last quarter. Riverview Trust Co purchased a new stake in DIGITAL RLTY TR/SH in the third quarter valued at approximately $44,000. Finally, Manchester Financial Inc. purchased a new stake in DIGITAL RLTY TR/SH in the second quarter valued at approximately $46,000.
Shares of NYSE:DLR traded down $2.11 during midday trading on Friday, hitting $116.57. 2,578,435 shares of the stock were exchanged, compared to its average volume of 1,293,080. 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 business’s fifty day simple moving average is $128.92 and its two-hundred day simple moving average is $122.10. The company has a market capitalization of $24.51 billion, a PE ratio of 17.66, a P/E/G ratio of 2.69 and a beta of 0.38.
DIGITAL RLTY TR/SH (NYSE:DLR) last released its earnings results on Tuesday, October 29th. The real estate investment trust reported $1.67 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.64 by $0.03. The business had revenue of $806.50 million during the quarter, compared to analysts’ expectations of $814.47 million. DIGITAL RLTY TR/SH had a net margin of 9.22% and a return on equity of 2.69%. The firm’s revenue was up 4.9% on a year-over-year basis. During the same quarter last year, the company earned $0.33 earnings per share. As a group, equities analysts anticipate that DIGITAL RLTY TR/SH will post 6.61 EPS for the current year.
In other DIGITAL RLTY TR/SH news, Director Kevin Kennedy sold 300 shares of DIGITAL RLTY TR/SH stock in a transaction on Monday, August 19th. The shares were sold at an average price of $125.00, for a total transaction of $37,500.00. Following the completion of 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 Securities & Exchange Commission, which is available through this hyperlink. 0.49% of the stock is currently owned by insiders.
A number of brokerages have issued reports on DLR. BMO Capital Markets boosted their price target on DIGITAL RLTY TR/SH to $132.00 and gave the company a “market perform” rating in a report on Wednesday, October 30th. Cowen set a $125.00 target price on DIGITAL RLTY TR/SH and gave the company a “hold” rating in a report on Wednesday, July 31st. Morgan Stanley cut DIGITAL RLTY TR/SH from an “overweight” rating to an “equal” rating and increased their price target for the stock from $118.00 to $122.00 in a report on Thursday, September 19th. Royal Bank of Canada set a $130.00 price target on DIGITAL RLTY TR/SH and gave the stock a “buy” rating in a report on Friday, August 9th. Finally, Barclays set a $162.00 target price on DIGITAL RLTY TR/SH and gave the stock a “buy” rating in a research note on Friday, October 11th. Seven investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $131.21.
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.
See Also: Green Investing
Want to see what other hedge funds are holding DLR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for DIGITAL RLTY TR/SH (NYSE:DLR).
Receive News & Ratings for DIGITAL RLTY TR/SH Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for DIGITAL RLTY TR/SH and related companies with MarketBeat.com's FREE daily email newsletter.