Gulf International Bank UK Ltd reduced its holdings in Digital Realty (NYSE:DLR) by 1.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 64,080 shares of the real estate investment trust’s stock after selling 700 shares during the period. Gulf International Bank UK Ltd’s holdings in Digital Realty were worth $6,752,000 at the end of the most recent reporting period.
Other institutional investors have also made changes to their positions in the company. Toronto Dominion Bank lifted its stake in Digital Realty by 14.0% in the 4th quarter. Toronto Dominion Bank now owns 88,475 shares of the real estate investment trust’s stock worth $10,078,000 after acquiring an additional 10,841 shares in the last quarter. 180 Wealth Advisors LLC purchased a new stake in Digital Realty in the 4th quarter worth about $1,017,000. Kayne Anderson Capital Advisors LP lifted its stake in Digital Realty by 18.3% in the 1st quarter. Kayne Anderson Capital Advisors LP now owns 25,900 shares of the real estate investment trust’s stock worth $2,728,000 after acquiring an additional 4,000 shares in the last quarter. Resolution Capital Ltd raised its stake in shares of Digital Realty by 5.5% during the 4th quarter. Resolution Capital Ltd now owns 429,103 shares of the real estate investment trust’s stock worth $48,875,000 after purchasing an additional 22,527 shares in the last quarter. Finally, Kemper Corp Master Retirement Trust raised its stake in shares of Digital Realty by 46.0% during the 4th quarter. Kemper Corp Master Retirement Trust now owns 3,650 shares of the real estate investment trust’s stock worth $416,000 after purchasing an additional 1,150 shares in the last quarter. 99.97% of the stock is owned by hedge funds and other institutional investors.
Shares of NYSE DLR opened at $105.24 on Friday. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.94. The stock has a market cap of $21.73 billion, a PE ratio of 17.14, a P/E/G ratio of 2.37 and a beta of -0.02. Digital Realty has a 52 week low of $96.56 and a 52 week high of $127.23.
Digital Realty (NYSE:DLR) last issued its quarterly earnings data on Thursday, February 15th. The real estate investment trust reported $0.34 EPS for the quarter, missing the Zacks’ consensus estimate of $1.52 by ($1.18). The company had revenue of $731.45 million for the quarter, compared to analyst estimates of $729.30 million. Digital Realty had a net margin of 10.23% and a return on equity of 3.63%. research analysts expect that Digital Realty will post 6.55 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 29th. Stockholders of record on Friday, June 15th will be issued a dividend of $1.01 per share. This represents a $4.04 dividend on an annualized basis and a dividend yield of 3.84%. The ex-dividend date of this dividend is Thursday, June 14th. Digital Realty’s dividend payout ratio is 65.80%.
A number of equities research analysts have recently weighed in on DLR shares. TheStreet raised Digital Realty from a “c+” rating to a “b” rating in a research note on Thursday, February 15th. Citigroup raised Digital Realty from a “neutral” rating to a “buy” rating and raised their price target for the stock from $105.12 to $120.00 in a research note on Wednesday, February 14th. ValuEngine raised Digital Realty from a “hold” rating to a “buy” rating in a research note on Wednesday, March 14th. Robert W. Baird reaffirmed a “buy” rating and set a $125.00 price target on shares of Digital Realty in a research note on Friday, February 23rd. Finally, Deutsche Bank cut their price target on Digital Realty from $130.00 to $125.00 and set a “buy” rating for the company in a research note on Friday, February 16th. Eight investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Digital Realty presently has an average rating of “Buy” and a consensus price target of $122.06.
In other news, SVP Christopher Kenney sold 10,000 shares of the stock in a transaction dated Friday, March 9th. The stock was sold at an average price of $103.47, for a total transaction of $1,034,700.00. Following the transaction, the senior vice president now owns 10,000 shares of the company’s stock, valued at approximately $1,034,700. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.43% of the company’s stock.
Digital Realty 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 financial services, cloud and information technology services, to manufacturing, energy, gaming, life sciences and consumer products.
Receive News & Ratings for Digital Realty Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Digital Realty and related companies with MarketBeat.com's FREE daily email newsletter.