Nisa Investment Advisors LLC grew its holdings in shares of DIGITAL RLTY TR/SH (NYSE:DLR) by 25.9% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 60,330 shares of the real estate investment trust’s stock after purchasing an additional 12,400 shares during the period. Nisa Investment Advisors LLC’s holdings in DIGITAL RLTY TR/SH were worth $7,179,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also modified their holdings of DLR. Pacer Advisors Inc. boosted its stake in DIGITAL RLTY TR/SH by 1,022.6% during the first quarter. Pacer Advisors Inc. now owns 27,987 shares of the real estate investment trust’s stock valued at $3,331,000 after buying an additional 25,494 shares in the last quarter. Resources Management Corp CT ADV boosted its stake in DIGITAL RLTY TR/SH by 7.2% during the fourth quarter. Resources Management Corp CT ADV now owns 9,583 shares of the real estate investment trust’s stock valued at $1,021,000 after buying an additional 640 shares in the last quarter. BLB&B Advisors LLC boosted its stake 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 buying an additional 3,920 shares in the last quarter. Spectrum Management Group Inc. boosted its stake in DIGITAL RLTY TR/SH by 8.6% during the first quarter. Spectrum Management Group Inc. now owns 18,980 shares of the real estate investment trust’s stock valued at $2,259,000 after buying an additional 1,500 shares in the last quarter. Finally, First Trust Advisors LP boosted its stake in DIGITAL RLTY TR/SH by 5.1% during the fourth quarter. First Trust Advisors LP now owns 41,616 shares of the real estate investment trust’s stock valued at $4,434,000 after buying an additional 2,030 shares in the last quarter. 99.17% of the stock is currently owned by institutional investors.
In other news, SVP Joshua A. Mills sold 10,000 shares of the firm’s stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $119.21, for a total transaction of $1,192,100.00. Following the completion of the sale, the senior vice president now directly owns 14,166 shares of the company’s stock, valued at approximately $1,688,728.86. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Kevin Kennedy sold 400 shares of the firm’s stock in a transaction dated Friday, February 8th. The stock was sold at an average price of $110.13, for a total value of $44,052.00. Following the sale, the director now directly owns 400 shares of the company’s stock, valued at $44,052. The disclosure for this sale can be found here. 0.49% of the stock is owned by company insiders.
DIGITAL RLTY TR/SH (NYSE:DLR) last announced its quarterly earnings data on Tuesday, February 5th. The real estate investment trust reported $0.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.67 by ($1.52). The business had revenue of $778.30 million during the quarter, compared to analysts’ expectations of $789.59 million. DIGITAL RLTY TR/SH had a return on equity of 3.58% and a net margin of 10.87%. The firm’s revenue was up 6.4% on a year-over-year basis. During the same period in the prior year, the company posted $0.26 earnings per share. On average, research analysts forecast that DIGITAL RLTY TR/SH will post 6.68 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 15th were paid a dividend of $1.08 per share. The ex-dividend date of this dividend was Thursday, March 14th. This is an increase from DIGITAL RLTY TR/SH’s previous quarterly dividend of $1.01. This represents a $4.32 dividend on an annualized basis and a dividend yield of 3.59%. DIGITAL RLTY TR/SH’s dividend payout ratio (DPR) is 65.45%.
A number of equities analysts recently weighed in on DLR shares. TheStreet lowered DIGITAL RLTY TR/SH from a “b-” rating to a “c+” rating in a research report on Wednesday, February 6th. ValuEngine lowered DIGITAL RLTY TR/SH from a “buy” rating to a “hold” rating in a research report on Tuesday, April 9th. Barclays decreased their price target on 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. BMO Capital Markets reiterated a “hold” rating and issued a $115.00 price target on shares of DIGITAL RLTY TR/SH in a research report on Wednesday, February 6th. Finally, Raymond James lowered DIGITAL RLTY TR/SH from an “outperform” rating to a “market perform” rating and set a $120.00 price target for the company. in a research report on Monday, March 25th. Five equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $127.64.
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About DIGITAL RLTY TR/SH
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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