Resources Management Corp CT ADV acquired a new position in DIGITAL RLTY TR/SH (NYSE:DLR) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 13,825 shares of the real estate investment trust’s stock, valued at approximately $1,795,000.

A number of other hedge funds have also made changes to their positions in DLR. AE Wealth Management LLC boosted its position in shares of DIGITAL RLTY TR/SH by 98.3% in the second quarter. AE Wealth Management LLC now owns 4,794 shares of the real estate investment trust’s stock valued at $565,000 after acquiring an additional 2,376 shares during the period. Commerzbank Aktiengesellschaft FI lifted its stake in DIGITAL RLTY TR/SH by 77.8% in the 2nd quarter. Commerzbank Aktiengesellschaft FI now owns 7,373 shares of the real estate investment trust’s stock worth $868,000 after purchasing an additional 3,227 shares in the last quarter. Greenleaf Trust bought a new position in DIGITAL RLTY TR/SH in the 2nd quarter valued at $202,000. Farmers & Merchants Investments Inc. boosted its holdings in DIGITAL RLTY TR/SH by 43.6% in the 2nd quarter. Farmers & Merchants Investments Inc. now owns 19,721 shares of the real estate investment trust’s stock valued at $2,323,000 after purchasing an additional 5,988 shares during the period. Finally, BTIM Corp. grew its position in shares of DIGITAL RLTY TR/SH by 3.3% during the 2nd quarter. BTIM Corp. now owns 37,169 shares of the real estate investment trust’s stock valued at $4,379,000 after purchasing an additional 1,200 shares in the last quarter.

Several research analysts have recently weighed in on DLR shares. BMO Capital Markets upped their price target on shares of DIGITAL RLTY TR/SH to $132.00 and gave the stock a “market perform” rating in a report on Wednesday, October 30th. Guggenheim lowered DIGITAL RLTY TR/SH from a “buy” rating to a “neutral” rating and lifted their price objective for the company from $127.00 to $132.00 in a research note on Wednesday, September 11th. 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 report on Friday, August 9th. KeyCorp upped their target price on DIGITAL RLTY TR/SH from $130.00 to $135.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 8th. Finally, William Blair raised DIGITAL RLTY TR/SH from a “market perform” rating to an “outperform” rating in a report on Wednesday, October 30th. Seven investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. DIGITAL RLTY TR/SH presently has an average rating of “Buy” and an average price target of $129.77.

In other news, Director Kevin Kennedy sold 400 shares of the company’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $116.56, for a total value of $46,624.00. Following the completion of the transaction, the director now directly owns 400 shares in the company, valued at approximately $46,624. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.49% of the company’s stock.

Shares of DIGITAL RLTY TR/SH stock traded up $1.00 on Wednesday, hitting $119.10. 1,120,508 shares of the company traded hands, compared to its average volume of 1,327,797. DIGITAL RLTY TR/SH has a 12-month low of $100.05 and a 12-month high of $136.32. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 1.20. The company has a market cap of $25.24 billion, a P/E ratio of 18.05, a P/E/G ratio of 2.64 and a beta of 0.35. The firm’s 50-day simple moving average is $124.49 and its 200 day simple moving average is $122.23.

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 (EPS) for the quarter, topping the consensus estimate of $1.64 by $0.03. The company had revenue of $806.50 million during the quarter, compared to analyst estimates 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 quarterly revenue was up 4.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.33 earnings per share. Analysts predict that DIGITAL RLTY TR/SH will post 6.61 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Friday, December 13th will be paid a dividend of $1.08 per share. This represents a $4.32 annualized dividend and a yield of 3.63%. The ex-dividend date is Thursday, December 12th. DIGITAL RLTY TR/SH’s dividend payout ratio (DPR) is currently 65.45%.

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

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