State of Tennessee Treasury Department boosted its stake in DIGITAL RLTY TR/SH (NYSE:DLR) by 144.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 121,637 shares of the real estate investment trust’s stock after purchasing an additional 71,913 shares during the period. State of Tennessee Treasury Department’s holdings in DIGITAL RLTY TR/SH were worth $16,897,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the stock. BlackRock Inc. raised its stake in shares of DIGITAL RLTY TR/SH by 27.4% during the first quarter. BlackRock Inc. now owns 24,587,147 shares of the real estate investment trust’s stock valued at $3,415,401,000 after acquiring an additional 5,285,137 shares during the last quarter. Cohen & Steers Inc. raised its stake in shares of DIGITAL RLTY TR/SH by 202.5% during the fourth quarter. Cohen & Steers Inc. now owns 6,537,914 shares of the real estate investment trust’s stock valued at $782,850,000 after acquiring an additional 4,376,547 shares during the last quarter. State Street Corp raised its stake in shares of DIGITAL RLTY TR/SH by 26.4% during the first quarter. State Street Corp now owns 17,311,988 shares of the real estate investment trust’s stock valued at $2,404,808,000 after acquiring an additional 3,611,583 shares during the last quarter. Wellington Management Group LLP raised its stake in shares of DIGITAL RLTY TR/SH by 93,808.0% during the first quarter. Wellington Management Group LLP now owns 3,136,528 shares of the real estate investment trust’s stock valued at $435,694,000 after acquiring an additional 3,133,188 shares during the last quarter. Finally, Capital Research Global Investors raised its stake in shares of DIGITAL RLTY TR/SH by 117.5% during the fourth quarter. Capital Research Global Investors now owns 5,221,976 shares of the real estate investment trust’s stock valued at $625,279,000 after acquiring an additional 2,820,814 shares during the last quarter.

NYSE:DLR traded up $1.77 during trading hours on Friday, reaching $144.84. The company had a trading volume of 398,853 shares, compared to its average volume of 2,791,790. DIGITAL RLTY TR/SH has a twelve month low of $105.00 and a twelve month high of $158.36. The firm has a market cap of $38.86 billion, a price-to-earnings ratio of 51.91, a P/E/G ratio of 3.52 and a beta of 0.19. The business’s 50-day simple moving average is $139.00 and its two-hundred day simple moving average is $131.84. The company has a quick ratio of 0.45, a current ratio of 0.45 and a debt-to-equity ratio of 0.87.

DIGITAL RLTY TR/SH (NYSE:DLR) last released its quarterly earnings data on Thursday, May 7th. The real estate investment trust reported $0.90 earnings per share for the quarter, missing analysts’ consensus estimates of $1.54 by ($0.64). DIGITAL RLTY TR/SH had a net margin of 21.35% and a return on equity of 7.65%. The business had revenue of $823.30 million during the quarter, compared to the consensus estimate of $964.60 million. During the same period last year, the business posted $1.73 earnings per share. The firm’s quarterly revenue was up 1.0% on a year-over-year basis. As a group, equities analysts predict that DIGITAL RLTY TR/SH will post 6.03 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be paid a $1.12 dividend. This represents a $4.48 dividend on an annualized basis and a dividend yield of 3.09%. The ex-dividend date of this dividend is Friday, June 12th. DIGITAL RLTY TR/SH’s dividend payout ratio (DPR) is 67.37%.

In other DIGITAL RLTY TR/SH news, SVP Matt Mercier sold 1,511 shares of the firm’s stock in a transaction on Thursday, May 28th. The shares were sold at an average price of $144.74, for a total value of $218,702.14. Following the transaction, the senior vice president now directly owns 1,606 shares of the company’s stock, valued at $232,452.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO A William Stein sold 25,000 shares of the firm’s stock in a transaction dated Monday, March 30th. The shares were sold at an average price of $140.00, for a total transaction of $3,500,000.00. Following the transaction, the chief executive officer now directly owns 25,000 shares in the company, valued at $3,500,000. The disclosure for this sale can be found here. Insiders sold 109,073 shares of company stock worth $15,602,418 over the last ninety days. Insiders own 0.61% of the company’s stock.

Several equities research analysts have recently weighed in on DLR shares. Wells Fargo & Co reiterated a “buy” rating on shares of DIGITAL RLTY TR/SH in a research report on Friday, May 8th. Morgan Stanley started coverage on shares of DIGITAL RLTY TR/SH in a research report on Wednesday. They set an “equal weight” rating and a $141.00 price objective for the company. Citigroup cut shares of DIGITAL RLTY TR/SH from a “buy” rating to a “neutral” rating and set a $150.00 price objective for the company. in a research report on Monday, May 11th. Robert W. Baird cut shares of DIGITAL RLTY TR/SH from an “outperform” rating to a “neutral” rating and increased their price objective for the stock from $142.00 to $144.00 in a research report on Monday, April 13th. Finally, Deutsche Bank started coverage on shares of DIGITAL RLTY TR/SH in a research report on Friday, June 5th. They set a “buy” rating and a $155.00 price objective for the company. Ten investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $145.50.

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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