Spectrum Management Group Inc. boosted its holdings in shares of DIGITAL RLTY TR/SH (NYSE:DLR) by 23.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,435 shares of the real estate investment trust’s stock after buying an additional 4,455 shares during the period. DIGITAL RLTY TR/SH comprises 0.8% of Spectrum Management Group Inc.’s portfolio, making the stock its 28th largest holding. Spectrum Management Group Inc.’s holdings in DIGITAL RLTY TR/SH were worth $2,760,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also bought and sold shares of the company. Comerica Securities Inc. bought a new position in DIGITAL RLTY TR/SH during the fourth quarter worth $201,000. Dimensional Fund Advisors LP increased its position in DIGITAL RLTY TR/SH by 0.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 3,113,241 shares of the real estate investment trust’s stock worth $331,715,000 after acquiring an additional 11,115 shares during the period. Geode Capital Management LLC increased its position in DIGITAL RLTY TR/SH by 7.2% during the fourth quarter. Geode Capital Management LLC now owns 3,250,993 shares of the real estate investment trust’s stock worth $345,892,000 after acquiring an additional 217,995 shares during the period. Mercer Global Advisors Inc. ADV bought a new position in DIGITAL RLTY TR/SH during the first quarter worth $420,000. Finally, Louisiana State Employees Retirement System increased its position in DIGITAL RLTY TR/SH by 1.9% during the first quarter. Louisiana State Employees Retirement System now owns 11,000 shares of the real estate investment trust’s stock worth $1,309,000 after acquiring an additional 200 shares during the period. Hedge funds and other institutional investors own 99.17% of the company’s stock.
A number of brokerages recently issued reports on DLR. Argus began coverage on shares of DIGITAL RLTY TR/SH in a research report on Wednesday, July 3rd. They set a “buy” rating and a $140.00 target price on the stock. Zacks Investment Research raised shares of DIGITAL RLTY TR/SH from a “sell” rating to a “hold” rating and set a $125.00 target price on the stock in a research report on Friday, June 28th. Royal Bank of Canada set a $130.00 target price on shares of DIGITAL RLTY TR/SH and gave the stock a “buy” rating in a research report on Friday, August 9th. TheStreet raised shares of DIGITAL RLTY TR/SH from a “c+” rating to a “b” rating in a research report on Thursday, April 25th. Finally, ValuEngine lowered shares of DIGITAL RLTY TR/SH from a “buy” rating to a “hold” rating in a research report on Thursday, June 27th. Seven investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $126.92.
Shares of NYSE:DLR traded up $3.82 on Friday, hitting $124.38. The stock had a trading volume of 882,911 shares, compared to its average volume of 1,082,572. DIGITAL RLTY TR/SH has a twelve month low of $100.05 and a twelve month high of $125.19. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.36 and a current ratio of 0.36. The firm’s 50 day moving average price is $118.12 and its 200-day moving average price is $117.60. The company has a market capitalization of $25.20 billion, a price-to-earnings ratio of 18.85, a price-to-earnings-growth ratio of 2.61 and a beta of 0.43.
DIGITAL RLTY TR/SH (NYSE:DLR) last issued its earnings results on Tuesday, July 30th. The real estate investment trust reported $0.15 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.63 by ($1.48). DIGITAL RLTY TR/SH had a net margin of 10.00% and a return on equity of 3.01%. The firm had revenue of $801.00 million during the quarter, compared to analyst estimates of $807.48 million. During the same quarter in the prior year, the firm posted $1.66 EPS. The firm’s revenue for the quarter was up 6.1% on a year-over-year basis. As a group, sell-side analysts predict that DIGITAL RLTY TR/SH will post 6.64 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 13th will be issued a $1.08 dividend. The ex-dividend date is Thursday, September 12th. This represents a $4.32 dividend on an annualized basis and a dividend yield of 3.47%. DIGITAL RLTY TR/SH’s dividend payout ratio is 65.45%.
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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