Great Lakes Advisors LLC Acquires Shares of 29,705 DIGITAL RLTY TR/SH (DLR)

Great Lakes Advisors LLC acquired a new position in DIGITAL RLTY TR/SH (NYSE:DLR) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 29,705 shares of the real estate investment trust’s stock, valued at approximately $3,341,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. State Treasurer State of Michigan grew its holdings in shares of DIGITAL RLTY TR/SH by 0.8% in the third quarter. State Treasurer State of Michigan now owns 61,460 shares of the real estate investment trust’s stock worth $6,913,000 after acquiring an additional 500 shares during the period. Oliver Luxxe Assets LLC grew its holdings in shares of DIGITAL RLTY TR/SH by 15.6% in the third quarter. Oliver Luxxe Assets LLC now owns 27,115 shares of the real estate investment trust’s stock worth $2,976,000 after acquiring an additional 3,663 shares during the period. Schwab Charles Investment Management Inc. grew its holdings in shares of DIGITAL RLTY TR/SH by 4.7% in the second quarter. Schwab Charles Investment Management Inc. now owns 2,150,524 shares of the real estate investment trust’s stock worth $239,956,000 after acquiring an additional 96,180 shares during the period. Albion Financial Group UT grew its holdings in shares of DIGITAL RLTY TR/SH by 7.9% in the second quarter. Albion Financial Group UT now owns 22,938 shares of the real estate investment trust’s stock worth $2,559,000 after acquiring an additional 1,682 shares during the period. Finally, Oppenheimer Asset Management Inc. grew its holdings in shares of DIGITAL RLTY TR/SH by 3.2% in the second quarter. Oppenheimer Asset Management Inc. now owns 20,505 shares of the real estate investment trust’s stock worth $2,288,000 after acquiring an additional 629 shares during the period. 99.10% of the stock is owned by institutional investors.

In other news, CTO Christopher Sharp sold 5,000 shares of the business’s stock in a transaction dated Monday, November 12th. The stock was sold at an average price of $110.00, for a total value of $550,000.00. Following the transaction, the chief technology officer now directly owns 6,062 shares in the company, valued at $666,820. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.43% of the stock is owned by insiders.

DLR has been the subject of several research analyst reports. Credit Suisse Group set a $130.00 price objective on DIGITAL RLTY TR/SH and gave the stock a “hold” rating in a report on Wednesday, August 8th. Zacks Investment Research raised DIGITAL RLTY TR/SH from a “hold” rating to a “buy” rating and set a $137.00 price target for the company in a report on Wednesday, August 8th. Royal Bank of Canada reissued a “buy” rating and set a $131.00 price target on shares of DIGITAL RLTY TR/SH in a report on Monday, August 13th. Berenberg Bank assumed coverage on DIGITAL RLTY TR/SH in a report on Thursday, September 20th. They set a “hold” rating and a $127.00 price target for the company. Finally, Guggenheim raised DIGITAL RLTY TR/SH from a “neutral” rating to a “buy” rating and set a $125.00 price target for the company in a report on Monday, October 22nd. Seven equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $125.47.

NYSE:DLR opened at $115.89 on Tuesday. DIGITAL RLTY TR/SH has a 52-week low of $96.56 and a 52-week high of $125.10. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.34 and a quick ratio of 0.34. The stock has a market cap of $23.73 billion, a price-to-earnings ratio of 18.87, a P/E/G ratio of 2.53 and a beta of 0.44.

DIGITAL RLTY TR/SH (NYSE:DLR) last released its quarterly earnings results on Thursday, October 25th. The real estate investment trust reported $0.33 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.62 by ($1.29). DIGITAL RLTY TR/SH had a net margin of 11.78% and a return on equity of 3.96%. The company had revenue of $768.92 million for the quarter, compared to the consensus estimate of $773.08 million. Equities research analysts predict that DIGITAL RLTY TR/SH will post 6.6 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 15th. Stockholders of record on Friday, December 14th will be given a $1.01 dividend. The ex-dividend date of this dividend is Thursday, December 13th. This represents a $4.04 annualized dividend and a dividend yield of 3.49%. DIGITAL RLTY TR/SH’s payout ratio is 65.80%.

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DIGITAL RLTY TR/SH Company 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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