DIGITAL RLTY TR/SH (DLR) Shares Bought by Redpoint Investment Management Pty Ltd

Redpoint Investment Management Pty Ltd boosted its stake in shares of DIGITAL RLTY TR/SH (NYSE:DLR) by 10.6% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 16,434 shares of the real estate investment trust’s stock after acquiring an additional 1,573 shares during the period. Redpoint Investment Management Pty Ltd’s holdings in DIGITAL RLTY TR/SH were worth $1,751,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. State Treasurer State of Michigan lifted its position in DIGITAL RLTY TR/SH by 0.8% during the third quarter. State Treasurer State of Michigan now owns 61,460 shares of the real estate investment trust’s stock valued at $6,913,000 after purchasing an additional 500 shares during the last quarter. Thomas White International Ltd. bought a new position in DIGITAL RLTY TR/SH during the third quarter valued at $529,000. BLB&B Advisors LLC lifted its position in DIGITAL RLTY TR/SH by 54.8% during the fourth quarter. BLB&B Advisors LLC now owns 11,068 shares of the real estate investment trust’s stock valued at $1,179,000 after purchasing an additional 3,920 shares during the last quarter. First Hawaiian Bank bought a new position in DIGITAL RLTY TR/SH during the third quarter valued at $755,000. Finally, Afam Capital Inc. lifted its position in DIGITAL RLTY TR/SH by 1.2% during the third quarter. Afam Capital Inc. now owns 68,500 shares of the real estate investment trust’s stock valued at $7,705,000 after purchasing an additional 838 shares during the last quarter. 99.17% of the stock is owned by institutional investors.

In other news, Director Kevin Kennedy sold 400 shares of the firm’s stock in a transaction dated Friday, February 8th. The shares were sold at an average price of $110.13, for a total value of $44,052.00. Following the completion of the sale, the director now owns 400 shares in the company, valued at approximately $44,052. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Christopher Sharp sold 7,871 shares of DIGITAL RLTY TR/SH stock in a transaction dated Monday, December 3rd. The shares were sold at an average price of $116.00, for a total transaction of $913,036.00. Following the sale, the insider now owns 8,933 shares of the company’s stock, valued at approximately $1,036,228. The disclosure for this sale can be found here. Insiders sold a total of 8,671 shares of company stock valued at $1,002,892 in the last 90 days. Company insiders own 0.43% of the company’s stock.

DLR has been the subject of several research reports. Royal Bank of Canada lowered their price objective on shares of DIGITAL RLTY TR/SH from $131.00 to $124.00 and set an “outperform” rating for the company in a research report on Monday, November 5th. Guggenheim upgraded shares of DIGITAL RLTY TR/SH from a “neutral” rating to a “buy” rating and set a $125.00 price objective for the company in a research report on Monday, October 22nd. Jefferies Financial Group upgraded shares of DIGITAL RLTY TR/SH from a “hold” rating to a “buy” rating and increased their price objective for the company from $124.00 to $136.00 in a research report on Monday, December 10th. BMO Capital Markets set a $120.00 price objective on shares of DIGITAL RLTY TR/SH and gave the company a “hold” rating in a research report on Friday, October 26th. Finally, Barclays lowered their price objective on shares of DIGITAL RLTY TR/SH from $132.00 to $131.00 and set an “overweight” rating for the company in a research report on Thursday, January 3rd. Six analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $126.08.

DIGITAL RLTY TR/SH stock opened at $111.61 on Wednesday. The stock has a market capitalization of $23.18 billion, a PE ratio of 16.91, a PEG ratio of 2.40 and a beta of 0.49. The company has a debt-to-equity ratio of 1.16, a current ratio of 0.31 and a quick ratio of 0.34. DIGITAL RLTY TR/SH has a 12-month low of $96.56 and a 12-month high of $125.10.

DIGITAL RLTY TR/SH (NYSE:DLR) last released its earnings results 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). The firm had revenue of $778.30 million during the quarter, compared to the consensus estimate of $789.59 million. DIGITAL RLTY TR/SH had a return on equity of 3.58% and a net margin of 10.87%. DIGITAL RLTY TR/SH’s revenue was up 6.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.26 EPS. Research analysts forecast that DIGITAL RLTY TR/SH will post 6.68 EPS for the current year.

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

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