PNC Financial Services Group Inc. Raises Position in DIGITAL RLTY TR/SH (NYSE:DLR)

PNC Financial Services Group Inc. boosted its holdings in DIGITAL RLTY TR/SH (NYSE:DLR) by 1.3% in the first quarter, Holdings Channel reports. The institutional investor owned 27,644 shares of the real estate investment trust’s stock after buying an additional 364 shares during the period. PNC Financial Services Group Inc.’s holdings in DIGITAL RLTY TR/SH were worth $3,288,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Advisors Asset Management Inc. lifted its position in shares of DIGITAL RLTY TR/SH by 8.0% in the fourth quarter. Advisors Asset Management Inc. now owns 28,803 shares of the real estate investment trust’s stock worth $3,069,000 after purchasing an additional 2,143 shares in the last quarter. TD Asset Management Inc. lifted its position in shares of DIGITAL RLTY TR/SH by 10.6% in the fourth quarter. TD Asset Management Inc. now owns 71,854 shares of the real estate investment trust’s stock worth $7,656,000 after purchasing an additional 6,913 shares in the last quarter. ETF Managers Group LLC lifted its position in shares of DIGITAL RLTY TR/SH by 19.3% in the fourth quarter. ETF Managers Group LLC now owns 1,274 shares of the real estate investment trust’s stock worth $136,000 after purchasing an additional 206 shares in the last quarter. Redpoint Investment Management Pty Ltd raised its position in DIGITAL RLTY TR/SH by 10.6% during the fourth quarter. Redpoint Investment Management Pty Ltd now owns 16,434 shares of the real estate investment trust’s stock worth $1,751,000 after acquiring an additional 1,573 shares in the last quarter. Finally, Comerica Securities Inc. bought a new stake in DIGITAL RLTY TR/SH during the fourth quarter worth $201,000. Institutional investors and hedge funds own 99.17% of the company’s stock.

In other DIGITAL RLTY TR/SH news, insider Edward F. Sham sold 17,233 shares of the company’s stock in a transaction on Monday, May 6th. The shares were sold at an average price of $119.65, for a total value of $2,061,928.45. Following the transaction, the insider now directly owns 21,571 shares in the company, valued at $2,580,970.15. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Joshua A. Mills sold 10,000 shares of the company’s stock in a transaction on Monday, April 1st. The shares were sold at an average price of $119.21, for a total transaction of $1,192,100.00. Following the completion of the transaction, the senior vice president now owns 14,166 shares in the company, valued at $1,688,728.86. The disclosure for this sale can be found here. Over the last quarter, insiders sold 27,633 shares of company stock worth $3,300,928. Corporate insiders own 0.49% of the company’s stock.

DLR has been the topic of several analyst reports. ValuEngine raised shares of DIGITAL RLTY TR/SH from a “hold” rating to a “buy” rating in a research report on Tuesday, February 19th. Raymond James lowered shares of DIGITAL RLTY TR/SH from an “outperform” rating to a “market perform” rating and set a $120.00 price target on the stock. in a research report on Monday, March 25th. Zacks Investment Research raised shares of DIGITAL RLTY TR/SH from a “hold” rating to a “buy” rating and set a $135.00 price target on the stock in a research report on Thursday, April 11th. Barclays reaffirmed a “buy” rating and set a $143.00 price target on shares of DIGITAL RLTY TR/SH in a research report on Tuesday, April 16th. Finally, Jefferies Financial Group lowered shares of DIGITAL RLTY TR/SH from a “buy” rating to a “hold” rating and dropped their price target for the stock from $144.00 to $125.00 in a research report on Tuesday, April 23rd. Six research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $126.27.

NYSE DLR traded down $0.14 on Wednesday, hitting $119.08. 10,569 shares of the stock were exchanged, compared to its average volume of 1,304,581. DIGITAL RLTY TR/SH has a 52 week low of $100.05 and a 52 week high of $125.10. The firm has a market capitalization of $24.80 billion, a P/E ratio of 18.04, a price-to-earnings-growth ratio of 2.51 and a beta of 0.43. The company has a current ratio of 0.05, a quick ratio of 0.05 and a debt-to-equity ratio of 0.18.

DIGITAL RLTY TR/SH (NYSE:DLR) last released its quarterly earnings data on Thursday, April 25th. The real estate investment trust reported $1.73 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.65 by $0.08. DIGITAL RLTY TR/SH had a net margin of 10.95% and a return on equity of 3.27%. The firm had revenue of $814.50 million for the quarter, compared to the consensus estimate of $800.13 million. During the same period in the previous year, the company earned $1.63 earnings per share. The company’s quarterly revenue was up 9.4% on a year-over-year basis. On average, research analysts anticipate that DIGITAL RLTY TR/SH will post 6.67 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be issued a $1.08 dividend. The ex-dividend date of this dividend is Thursday, June 13th. This represents a $4.32 annualized dividend and a dividend yield of 3.63%. DIGITAL RLTY TR/SH’s dividend payout ratio is currently 65.45%.

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

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