Martingale Asset Management L P lowered its stake in shares of DIGITAL RLTY TR/SH (NYSE:DLR) by 59.6% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 5,910 shares of the real estate investment trust’s stock after selling 8,731 shares during the quarter. Martingale Asset Management L P’s holdings in DIGITAL RLTY TR/SH were worth $630,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Ruggie Capital Group acquired a new stake in shares of DIGITAL RLTY TR/SH during the fourth quarter worth approximately $28,000. Parkside Financial Bank & Trust grew its position in shares of DIGITAL RLTY TR/SH by 223.7% during the fourth quarter. Parkside Financial Bank & Trust now owns 382 shares of the real estate investment trust’s stock worth $41,000 after buying an additional 264 shares in the last quarter. We Are One Seven LLC acquired a new stake in shares of DIGITAL RLTY TR/SH during the fourth quarter worth approximately $42,000. Bremer Trust National Association acquired a new stake in shares of DIGITAL RLTY TR/SH during the fourth quarter worth approximately $51,000. Finally, CWM LLC grew its position in shares of DIGITAL RLTY TR/SH by 160.1% during the fourth quarter. CWM LLC now owns 489 shares of the real estate investment trust’s stock worth $52,000 after buying an additional 301 shares in the last quarter. 99.17% of the stock is owned by institutional investors and hedge funds.

In related news, Director Kevin Kennedy sold 400 shares of the firm’s stock in a transaction on Friday, February 8th. The stock was sold at an average price of $110.13, for a total transaction of $44,052.00. Following the transaction, the director now directly owns 400 shares in the company, valued at $44,052. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.43% of the company’s stock.

A number of analysts have recently weighed in on the stock. ValuEngine raised shares of DIGITAL RLTY TR/SH from a “hold” rating to a “buy” rating in a research report on Thursday, December 6th. Jefferies Financial Group raised shares of DIGITAL RLTY TR/SH from a “hold” rating to a “buy” rating and raised their price target for the stock from $124.00 to $136.00 in a research report on Monday, December 10th. BMO Capital Markets reissued a “hold” rating and set a $115.00 price target on shares of DIGITAL RLTY TR/SH in a research report on Wednesday, February 6th. TheStreet downgraded shares of DIGITAL RLTY TR/SH from a “b-” rating to a “c+” rating in a research report on Wednesday, February 6th. Finally, Credit Suisse Group set a $123.00 price objective on DIGITAL RLTY TR/SH and gave the stock a “hold” rating in a research note on Thursday, December 20th. Five analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $126.27.

Shares of DLR opened at $115.37 on Friday. DIGITAL RLTY TR/SH has a 12-month low of $100.05 and a 12-month high of $125.10. The firm has a market cap of $24.10 billion, a P/E ratio of 17.48, a PEG ratio of 2.45 and a beta of 0.48. The company has a current ratio of 0.21, a quick ratio of 0.31 and a debt-to-equity ratio of 1.08.

DIGITAL RLTY TR/SH (NYSE:DLR) last announced its quarterly earnings data on Tuesday, February 5th. The real estate investment trust reported $0.15 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.67 by ($1.52). DIGITAL RLTY TR/SH had a return on equity of 3.58% and a net margin of 10.87%. The firm had revenue of $778.30 million for the quarter, compared to the consensus estimate of $789.59 million. During the same quarter last year, the business earned $0.26 earnings per share. The business’s revenue for the quarter was up 6.4% compared to the same quarter last year. As a group, analysts predict that DIGITAL RLTY TR/SH will post 6.68 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 29th. Investors of record on Friday, March 15th will be paid a dividend of $1.08 per share. The ex-dividend date is Thursday, March 14th. This is a boost from DIGITAL RLTY TR/SH’s previous quarterly dividend of $1.01. This represents a $4.32 annualized dividend and a yield of 3.74%. DIGITAL RLTY TR/SH’s dividend payout ratio (DPR) is 61.21%.

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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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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).

Institutional Ownership by Quarter for DIGITAL RLTY TR/SH (NYSE:DLR)

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