Private Ocean LLC grew its position in DIGITAL RLTY TR/SH (NYSE:DLR) by 1,160.0% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 252 shares of the real estate investment trust’s stock after purchasing an additional 232 shares during the quarter. Private Ocean LLC’s holdings in DIGITAL RLTY TR/SH were worth $33,000 as of its most recent filing with the SEC.
Several other large investors have also recently bought and sold shares of the company. Krane Funds Advisors LLC bought a new position in DIGITAL RLTY TR/SH during the second quarter worth $25,000. Bartlett & Co. LLC bought a new position in DIGITAL RLTY TR/SH during the third quarter worth $32,000. Riverview Trust Co bought a new position in DIGITAL RLTY TR/SH during the third quarter worth $44,000. Manchester Financial Inc. bought a new position in DIGITAL RLTY TR/SH during the second quarter worth $46,000. Finally, Capital Investment Advisory Services LLC boosted its stake in DIGITAL RLTY TR/SH by 256.4% during the second quarter. Capital Investment Advisory Services LLC now owns 392 shares of the real estate investment trust’s stock worth $46,000 after acquiring an additional 282 shares in the last quarter.
DLR traded down $2.11 during trading on Friday, hitting $116.57. 2,578,435 shares of the company’s stock were exchanged, compared to its average volume of 1,293,080. The company has a quick ratio of 0.36, a current ratio of 0.33 and a debt-to-equity ratio of 1.20. The business’s 50 day moving average is $128.92 and its two-hundred day moving average is $122.10. DIGITAL RLTY TR/SH has a fifty-two week low of $100.05 and a fifty-two week high of $136.32. The stock has a market cap of $24.51 billion, a P/E ratio of 17.66, a PEG ratio of 2.69 and a beta of 0.38.
DIGITAL RLTY TR/SH (NYSE:DLR) last released its quarterly earnings data on Tuesday, October 29th. The real estate investment trust reported $1.67 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.64 by $0.03. DIGITAL RLTY TR/SH had a net margin of 9.22% and a return on equity of 2.69%. The firm had revenue of $806.50 million for the quarter, compared to the consensus estimate of $814.47 million. During the same quarter in the prior year, the company posted $0.33 earnings per share. The business’s revenue was up 4.9% on a year-over-year basis. On average, sell-side analysts forecast that DIGITAL RLTY TR/SH will post 6.61 earnings per share for the current year.
In other DIGITAL RLTY TR/SH news, Director Kevin Kennedy sold 300 shares of the company’s stock in a transaction on Monday, August 19th. The shares were 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 $37,500. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 0.49% of the company’s stock.
Several research analysts recently issued reports on DLR shares. KeyCorp increased their target price on shares of DIGITAL RLTY TR/SH from $130.00 to $135.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 8th. 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 note on Friday, August 9th. Cowen set a $125.00 target price on shares of DIGITAL RLTY TR/SH and gave the stock a “hold” rating in a research note on Wednesday, July 31st. Morgan Stanley lowered shares of DIGITAL RLTY TR/SH from an “overweight” rating to an “equal” rating and increased their target price for the stock from $118.00 to $122.00 in a research note on Thursday, September 19th. Finally, Barclays set a $162.00 target price on shares of DIGITAL RLTY TR/SH and gave the stock a “buy” rating in a research note on Friday, October 11th. Seven equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $131.21.
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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