Brightworth Takes Position in Digital Realty Trust, Inc. (DLR)

Brightworth acquired a new position in shares of Digital Realty Trust, Inc. (NYSE:DLR) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 2,350 shares of the real estate investment trust’s stock, valued at approximately $278,000.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Zevin Asset Management LLC lifted its stake in shares of Digital Realty Trust by 19.1% during the third quarter. Zevin Asset Management LLC now owns 15,752 shares of the real estate investment trust’s stock worth $1,864,000 after purchasing an additional 2,521 shares in the last quarter. AEW Capital Management L P lifted its stake in shares of Digital Realty Trust by 295.4% during the third quarter. AEW Capital Management L P now owns 1,580,668 shares of the real estate investment trust’s stock worth $187,040,000 after purchasing an additional 1,180,868 shares in the last quarter. Adams Diversified Equity Fund Inc. acquired a new position in shares of Digital Realty Trust during the third quarter worth about $993,000. Westpac Banking Corp lifted its stake in shares of Digital Realty Trust by 338.0% during the third quarter. Westpac Banking Corp now owns 111,707 shares of the real estate investment trust’s stock worth $13,218,000 after purchasing an additional 86,206 shares in the last quarter. Finally, Probity Advisors Inc. acquired a new position in shares of Digital Realty Trust during the third quarter worth about $985,000.

In other news, insider Christopher Sharp sold 25,733 shares of the firm’s stock in a transaction dated Wednesday, August 16th. The stock was sold at an average price of $116.44, for a total value of $2,996,350.52. Following the sale, the insider now directly owns 25,733 shares of the company’s stock, valued at $2,996,350.52. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director William G. Laperch bought 1,200 shares of Digital Realty Trust stock in a transaction that occurred on Monday, August 7th. The stock was bought at an average price of $25.00 per share, with a total value of $30,000.00. Following the purchase, the director now owns 1,200 shares of the company’s stock, valued at approximately $30,000. The disclosure for this purchase can be found here. Company insiders own 0.40% of the company’s stock.

Shares of Digital Realty Trust, Inc. (NYSE:DLR) traded down 0.91% during mid-day trading on Wednesday, reaching $117.36. The company’s stock had a trading volume of 312,288 shares. Digital Realty Trust, Inc. has a 12 month low of $85.63 and a 12 month high of $127.23. The stock has a market capitalization of $19.04 billion, a P/E ratio of 47.67 and a beta of 0.01. The company has a 50 day moving average price of $118.97 and a 200 day moving average price of $116.25.

Digital Realty Trust (NYSE:DLR) last issued its quarterly earnings results on Wednesday, October 25th. The real estate investment trust reported $1.51 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ 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 revenue was up 11.6% compared to the same quarter last year. During the same period last year, the business posted $1.44 earnings per share. On average, equities research analysts anticipate that Digital Realty Trust, Inc. will post $1.46 earnings per share for the current fiscal year.

A number of brokerages have commented on DLR. Macquarie restated a “neutral” rating and set a $105.00 price objective on shares of Digital Realty Trust in a research note on Tuesday, July 4th. Canaccord Genuity restated a “buy” rating and set a $127.00 price objective on shares of Digital Realty Trust in a research note on Friday, August 18th. Zacks Investment Research upgraded Digital Realty Trust from a “hold” rating to a “buy” rating and set a $130.00 price objective on the stock in a research note on Monday. KeyCorp set a $130.00 price objective on Digital Realty Trust and gave the stock a “buy” rating in a research note on Sunday. Finally, William Blair began coverage on Digital Realty Trust in a research note on Friday, September 22nd. They set a “market perform” rating on the stock. Eleven equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $124.00.

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Digital Realty Trust Company Profile

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.

Institutional Ownership by Quarter for Digital Realty Trust (NYSE:DLR)

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