Amarillo National Bank purchased a new stake in DIGITAL RLTY TR/SH (NYSE:DLR) during the third quarter, Holdings Channel reports. The institutional investor purchased 1,957 shares of the real estate investment trust’s stock, valued at approximately $254,000.
A number of other institutional investors also recently added to or reduced their stakes in the stock. Winfield Associates Inc. lifted its holdings in DIGITAL RLTY TR/SH by 4.1% in the 3rd quarter. Winfield Associates Inc. now owns 6,130 shares of the real estate investment trust’s stock valued at $796,000 after purchasing an additional 240 shares in the last quarter. Vigilant Capital Management LLC purchased a new position in DIGITAL RLTY TR/SH in the 3rd quarter valued at $68,000. Advisor Partners LLC lifted its holdings in DIGITAL RLTY TR/SH by 17.0% in the 3rd quarter. Advisor Partners LLC now owns 2,847 shares of the real estate investment trust’s stock valued at $370,000 after purchasing an additional 414 shares in the last quarter. Riverview Trust Co purchased a new position in DIGITAL RLTY TR/SH in the 3rd quarter valued at $44,000. Finally, Navellier & Associates Inc lifted its holdings in DIGITAL RLTY TR/SH by 4.2% in the 3rd quarter. Navellier & Associates Inc now owns 18,567 shares of the real estate investment trust’s stock valued at $2,410,000 after purchasing an additional 742 shares in the last quarter.
In other news, Director Kevin Kennedy sold 300 shares of DIGITAL RLTY TR/SH stock in a transaction on Monday, August 19th. The stock was sold at an average price of $125.00, for a total transaction of $37,500.00. Following the transaction, the director now owns 300 shares in the company, valued at approximately $37,500. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.49% of the stock is owned by insiders.
Shares of NYSE DLR traded up $1.34 during trading on Thursday, hitting $131.94. 20,854 shares of the company were exchanged, compared to its average volume of 1,505,274. DIGITAL RLTY TR/SH has a 12-month low of $100.05 and a 12-month high of $131.15. 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 company has a fifty day moving average price of $127.14 and a 200-day moving average price of $121.16. The firm has a market capitalization of $27.21 billion, a PE ratio of 20.00, a P/E/G ratio of 2.81 and a beta of 0.40.
DIGITAL RLTY TR/SH (NYSE:DLR) last posted its quarterly earnings results on Tuesday, July 30th. The real estate investment trust reported $0.15 EPS for the quarter, missing the consensus estimate of $1.63 by ($1.48). DIGITAL RLTY TR/SH had a return on equity of 3.01% and a net margin of 10.00%. The company had revenue of $801.00 million for the quarter, compared to analysts’ expectations of $807.48 million. During the same quarter in the prior year, the firm earned $1.66 EPS. The firm’s revenue was up 6.1% on a year-over-year basis. Research analysts anticipate that DIGITAL RLTY TR/SH will post 6.65 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, September 13th were issued a dividend of $1.08 per share. The ex-dividend date was Thursday, September 12th. This represents a $4.32 annualized dividend and a dividend yield of 3.27%. DIGITAL RLTY TR/SH’s dividend payout ratio is presently 65.45%.
A number of research analysts have weighed in on the company. Argus assumed coverage on DIGITAL RLTY TR/SH in a report on Wednesday, July 3rd. They issued a “buy” rating and a $140.00 price objective on the stock. Morgan Stanley lowered DIGITAL RLTY TR/SH from an “overweight” rating to an “equal” rating and raised their price objective for the company from $118.00 to $122.00 in a report on Thursday, September 19th. Cowen set a $125.00 price objective on DIGITAL RLTY TR/SH and gave the company a “hold” rating in a report on Wednesday, July 31st. Zacks Investment Research upgraded DIGITAL RLTY TR/SH from a “sell” rating to a “hold” rating and set a $125.00 price objective on the stock in a report on Friday, June 28th. Finally, Royal Bank of Canada set a $130.00 price objective on DIGITAL RLTY TR/SH and gave the company a “buy” rating in a report on Friday, August 9th. Seven analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. DIGITAL RLTY TR/SH currently has an average rating of “Buy” and a consensus price target of $129.00.
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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