Navellier & Associates Inc Cuts Stake in DIGITAL RLTY TR/SH (DLR)

Navellier & Associates Inc lessened its position in shares of DIGITAL RLTY TR/SH (NYSE:DLR) by 6.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 18,154 shares of the real estate investment trust’s stock after selling 1,186 shares during the quarter. Navellier & Associates Inc’s holdings in DIGITAL RLTY TR/SH were worth $2,026,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in DLR. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of DIGITAL RLTY TR/SH by 28.9% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 110,629 shares of the real estate investment trust’s stock worth $12,344,000 after acquiring an additional 24,804 shares in the last quarter. Wedbush Securities Inc. increased its holdings in shares of DIGITAL RLTY TR/SH by 25.4% in the second quarter. Wedbush Securities Inc. now owns 6,268 shares of the real estate investment trust’s stock worth $699,000 after acquiring an additional 1,271 shares in the last quarter. Financial Counselors Inc. increased its holdings in shares of DIGITAL RLTY TR/SH by 5.4% in the second quarter. Financial Counselors Inc. now owns 138,913 shares of the real estate investment trust’s stock worth $15,500,000 after acquiring an additional 7,152 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new stake in shares of DIGITAL RLTY TR/SH in the second quarter worth about $2,406,000. Finally, Virginia Retirement Systems ET AL increased its holdings in shares of DIGITAL RLTY TR/SH by 2.5% in the second quarter. Virginia Retirement Systems ET AL now owns 125,017 shares of the real estate investment trust’s stock worth $13,949,000 after acquiring an additional 3,000 shares in the last quarter. 98.54% of the stock is currently owned by hedge funds and other institutional investors.

In related news, SVP Joshua A. Mills sold 2,500 shares of the stock in a transaction dated Monday, July 2nd. The stock was sold at an average price of $112.50, for a total transaction of $281,250.00. Following the completion of the transaction, the senior vice president now directly owns 6,666 shares in the company, valued at $749,925. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Joshua A. Mills sold 5,000 shares of the stock in a transaction dated Tuesday, June 26th. The stock was sold at an average price of $110.00, for a total value of $550,000.00. Following the transaction, the senior vice president now owns 9,166 shares of the company’s stock, valued at $1,008,260. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 20,435 shares of company stock valued at $2,318,775. 0.43% of the stock is owned by corporate insiders.

DIGITAL RLTY TR/SH opened at $120.96 on Friday, Marketbeat reports. The company has a quick ratio of 0.33, a current ratio of 0.30 and a debt-to-equity ratio of 0.95. The stock has a market cap of $25.11 billion, a P/E ratio of 19.70, a PEG ratio of 2.68 and a beta of 0.15. DIGITAL RLTY TR/SH has a 52-week low of $96.56 and a 52-week high of $127.23.

DIGITAL RLTY TR/SH (NYSE:DLR) last posted its quarterly earnings data on Thursday, July 26th. The real estate investment trust reported $0.32 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.61 by ($1.29). The firm had revenue of $754.91 million for the quarter, compared to the consensus estimate of $759.30 million. DIGITAL RLTY TR/SH had a return on equity of 3.02% and a net margin of 9.79%. The firm’s quarterly revenue was up 33.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.54 earnings per share. research analysts predict that DIGITAL RLTY TR/SH will post 6.6 earnings per share for the current year.

DLR has been the subject of several recent analyst reports. Credit Suisse Group increased their price target on DIGITAL RLTY TR/SH from $95.00 to $101.00 and gave the stock a “hold” rating in a report on Friday, April 27th. Barclays increased their price target on DIGITAL RLTY TR/SH from $133.00 to $134.00 and gave the stock an “overweight” rating in a report on Thursday, May 3rd. Zacks Investment Research upgraded DIGITAL RLTY TR/SH from a “hold” rating to a “buy” rating and set a $130.00 price target for the company in a report on Monday, July 16th. Stifel Nicolaus initiated coverage on DIGITAL RLTY TR/SH in a report on Tuesday, July 17th. They issued a “buy” rating and a $128.00 price target for the company. Finally, BMO Capital Markets initiated coverage on DIGITAL RLTY TR/SH in a report on Tuesday, July 17th. They issued a “market perform” rating and a $120.00 price target for the company. Eight research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $127.28.

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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