Strs Ohio lowered its position in Digital Realty Trust, Inc. (NYSE:DLR) by 13.0% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 224,369 shares of the real estate investment trust’s stock after selling 33,434 shares during the period. Strs Ohio’s holdings in Digital Realty Trust were worth $25,342,000 at the end of the most recent reporting period.
Other hedge funds have also modified their holdings of the company. Sumitomo Mitsui Asset Management Company LTD boosted its stake in shares of Digital Realty Trust by 9.6% in the second quarter. Sumitomo Mitsui Asset Management Company LTD now owns 303,967 shares of the real estate investment trust’s stock worth $34,333,000 after buying an additional 26,711 shares during the period. Shell Asset Management Co. boosted its stake in shares of Digital Realty Trust by 44.5% in the second quarter. Shell Asset Management Co. now owns 15,855 shares of the real estate investment trust’s stock worth $1,791,000 after buying an additional 4,886 shares during the period. Boston Advisors LLC boosted its stake in shares of Digital Realty Trust by 1.1% in the second quarter. Boston Advisors LLC now owns 138,343 shares of the real estate investment trust’s stock worth $15,626,000 after buying an additional 1,465 shares during the period. ING Groep NV boosted its stake in shares of Digital Realty Trust by 0.5% in the second quarter. ING Groep NV now owns 13,078 shares of the real estate investment trust’s stock worth $1,477,000 after buying an additional 63 shares during the period. Finally, Russell Investments Group Ltd. boosted its stake in shares of Digital Realty Trust by 10.9% in the second quarter. Russell Investments Group Ltd. now owns 330,657 shares of the real estate investment trust’s stock worth $37,352,000 after buying an additional 32,599 shares during the period.
Shares of Digital Realty Trust, Inc. (DLR) opened at 115.34 on Tuesday. Digital Realty Trust, Inc. has a 12-month low of $85.63 and a 12-month high of $121.53. The company has a 50 day moving average of $114.25 and a 200-day moving average of $110.63. The firm has a market cap of $18.71 billion, a PE ratio of 46.85 and a beta of -0.02.
Digital Realty Trust (NYSE:DLR) last issued its earnings results on Thursday, July 27th. The real estate investment trust reported $1.54 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.49 by $0.05. Digital Realty Trust had a net margin of 21.27% and a return on equity of 12.39%. The company had revenue of $565.99 million for the quarter, compared to the consensus estimate of $559.93 million. During the same quarter in the previous year, the company earned $1.42 EPS. The firm’s revenue for the quarter was up 9.9% compared to the same quarter last year. Equities research analysts forecast that Digital Realty Trust, Inc. will post $1.62 EPS for the current fiscal year.
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A number of brokerages have weighed in on DLR. BidaskClub raised shares of Digital Realty Trust from a “sell” rating to a “hold” rating in a report on Monday. Stifel Nicolaus reissued a “hold” rating and set a $117.00 target price on shares of Digital Realty Trust in a report on Friday, July 21st. Zacks Investment Research raised shares of Digital Realty Trust from a “hold” rating to a “buy” rating and set a $126.00 target price on the stock in a report on Monday, July 17th. Jefferies Group LLC reissued a “hold” rating and set a $120.00 target price on shares of Digital Realty Trust in a report on Friday, July 14th. Finally, Macquarie reissued a “neutral” rating and set a $105.00 target price on shares of Digital Realty Trust in a report on Tuesday, July 4th. Seven analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Digital Realty Trust currently has an average rating of “Buy” and an average target price of $116.67.
In other news, SVP Joshua A. Mills sold 9,211 shares of the business’s stock in a transaction on Tuesday, June 6th. The shares were sold at an average price of $120.00, for a total value of $1,105,320.00. Following the sale, the senior vice president now owns 13,377 shares in the company, valued at approximately $1,605,240. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.40% of the stock is currently owned by insiders.
About Digital Realty Trust
Digital Realty Trust, Inc is a real estate investment trust (REIT). The Company is engaged in the business of owning, acquiring, developing and operating data centers. The Company is focused on providing data center and colocation solutions for domestic and international tenants across a range of industry verticals ranging from financial services, cloud and information technology services, to manufacturing, energy, healthcare and consumer products.
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