Sumitomo Mitsui Asset Management Company LTD lowered its holdings in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 85.2% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 45,115 shares of the real estate investment trust’s stock after selling 258,852 shares during the period. Sumitomo Mitsui Asset Management Company LTD’s holdings in Digital Realty Trust were worth $5,338,000 as of its most recent SEC filing.
A number of other institutional investors have also made changes to their positions in DLR. Northwestern Mutual Wealth Management Co. raised its stake in Digital Realty Trust by 50.9% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 973 shares of the real estate investment trust’s stock valued at $110,000 after acquiring an additional 328 shares in the last quarter. Parallel Advisors LLC raised its stake in Digital Realty Trust by 18.0% during the 2nd quarter. Parallel Advisors LLC now owns 972 shares of the real estate investment trust’s stock valued at $112,000 after acquiring an additional 148 shares in the last quarter. Sun Life Financial INC raised its stake in Digital Realty Trust by 12,844.4% during the 2nd quarter. Sun Life Financial INC now owns 1,165 shares of the real estate investment trust’s stock valued at $132,000 after acquiring an additional 1,156 shares in the last quarter. Almanack Investment Partners LLC. bought a new stake in Digital Realty Trust during the 2nd quarter valued at $134,000. Finally, Security National Trust Co. bought a new stake in Digital Realty Trust during the 2nd quarter valued at $164,000.
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Several analysts have weighed in on DLR shares. Deutsche Bank AG lifted their target price on Digital Realty Trust from $111.00 to $130.00 and gave the company a “hold” rating in a research note on Thursday, October 26th. Zacks Investment Research downgraded Digital Realty Trust from a “buy” rating to a “hold” rating in a research note on Wednesday, October 25th. Barclays PLC reissued a “buy” rating and issued a $132.00 price objective on shares of Digital Realty Trust in a research note on Friday, September 8th. William Blair started coverage on Digital Realty Trust in a research note on Friday, September 22nd. They issued a “market perform” rating on the stock. Finally, Citigroup Inc. reissued a “neutral” rating and issued a $127.00 price objective on shares of Digital Realty Trust in a research note on Tuesday, September 26th. Eleven analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $124.00.
In related news, insider Christopher Sharp sold 25,733 shares of the firm’s stock in a transaction on Wednesday, August 16th. The stock was sold at an average price of $116.44, for a total transaction of $2,996,350.52. Following the sale, the insider now owns 25,733 shares of the company’s stock, valued at approximately $2,996,350.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director William G. Laperch acquired 1,200 shares of the company’s stock in a transaction that occurred on Monday, August 7th. The shares were acquired at an average cost of $25.00 per share, for a total transaction of $30,000.00. Following the purchase, the director now directly owns 1,200 shares in the company, valued at approximately $30,000. The disclosure for this purchase can be found here. Corporate insiders own 0.40% of the company’s stock.
Shares of Digital Realty Trust, Inc. (NYSE DLR) opened at 118.44 on Wednesday. The firm has a market capitalization of $19.21 billion, a price-to-earnings ratio of 48.11 and a beta of 0.01. Digital Realty Trust, Inc. has a 12 month low of $85.63 and a 12 month high of $127.23. The stock’s 50 day moving average price is $118.97 and its 200-day moving average price is $116.25.
Digital Realty Trust (NYSE:DLR) last posted its quarterly earnings results on Wednesday, October 25th. The real estate investment trust reported $1.51 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.40 by $1.11. The company had revenue of $609.90 million for the quarter, compared to the consensus estimate of $595.49 million. Digital Realty Trust had a return on equity of 5.15% and a net margin of 11.71%. The firm’s quarterly revenue was up 11.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.44 EPS. On average, equities research analysts predict that Digital Realty Trust, Inc. will post $1.46 EPS for the current fiscal year.
About Digital Realty Trust
Digital Realty Trust, Inc is a real estate investment trust (REIT). The Company is engaged in the business of owning, acquiring, developing and operating data centers. The Company is focused on providing data center and colocation solutions for domestic and international tenants across a range of industry verticals ranging from financial services, cloud and information technology services, to manufacturing, energy, healthcare and consumer products.
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