3,280 Shares in DIGITAL Rlty Tr/SH SH (DLR) Acquired by First Foundation Advisors

First Foundation Advisors acquired a new stake in shares of DIGITAL Rlty Tr/SH SH (NYSE:DLR) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 3,280 shares of the real estate investment trust’s stock, valued at approximately $346,000.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. BlackRock Inc. raised its position in DIGITAL Rlty Tr/SH SH by 0.5% during the first quarter. BlackRock Inc. now owns 20,281,036 shares of the real estate investment trust’s stock valued at $2,137,215,000 after acquiring an additional 98,571 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in DIGITAL Rlty Tr/SH SH by 16.3% during the first quarter. JPMorgan Chase & Co. now owns 3,610,251 shares of the real estate investment trust’s stock valued at $380,450,000 after purchasing an additional 505,980 shares during the last quarter. Northern Trust Corp grew its holdings in DIGITAL Rlty Tr/SH SH by 0.5% during the first quarter. Northern Trust Corp now owns 3,543,111 shares of the real estate investment trust’s stock valued at $373,374,000 after purchasing an additional 18,919 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in DIGITAL Rlty Tr/SH SH by 3.1% during the first quarter. Dimensional Fund Advisors LP now owns 3,039,383 shares of the real estate investment trust’s stock valued at $320,288,000 after purchasing an additional 91,491 shares during the last quarter. Finally, Geode Capital Management LLC grew its holdings in DIGITAL Rlty Tr/SH SH by 4.7% during the fourth quarter. Geode Capital Management LLC now owns 2,490,521 shares of the real estate investment trust’s stock valued at $283,148,000 after purchasing an additional 110,752 shares during the last quarter. 98.61% of the stock is currently owned by hedge funds and other institutional investors.

Shares of DIGITAL Rlty Tr/SH SH opened at $108.76 on Wednesday, Marketbeat Ratings reports. The firm has a market capitalization of $22.51 billion, a PE ratio of 17.71, a P/E/G ratio of 2.46 and a beta of 0.02. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.33 and a current ratio of 0.33. DIGITAL Rlty Tr/SH SH has a 1 year low of $96.56 and a 1 year high of $127.23.

DIGITAL Rlty Tr/SH SH (NYSE:DLR) last announced its quarterly earnings data on Thursday, April 26th. The real estate investment trust reported $0.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.40 by $0.02. The business had revenue of $744.40 million for the quarter, compared to the consensus estimate of $742.93 million. DIGITAL Rlty Tr/SH SH had a net margin of 10.23% and a return on equity of 3.63%. DIGITAL Rlty Tr/SH SH’s quarterly revenue was up 35.2% on a year-over-year basis. During the same quarter last year, the company posted $1.52 earnings per share. sell-side analysts anticipate that DIGITAL Rlty Tr/SH SH will post 6.55 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 29th. Shareholders of record on Friday, June 15th will be paid a dividend of $1.01 per share. The ex-dividend date of this dividend is Thursday, June 14th. This represents a $4.04 dividend on an annualized basis and a yield of 3.71%. DIGITAL Rlty Tr/SH SH’s dividend payout ratio is currently 65.80%.

Several brokerages have commented on DLR. Barclays increased their price target on DIGITAL Rlty Tr/SH SH from $133.00 to $134.00 and gave the company an “overweight” rating in a report on Thursday, May 3rd. Credit Suisse Group increased their price target on DIGITAL Rlty Tr/SH SH from $95.00 to $101.00 and gave the company a “hold” rating in a report on Friday, April 27th. ValuEngine downgraded DIGITAL Rlty Tr/SH SH from a “buy” rating to a “hold” rating in a report on Thursday, April 12th. Moffett Nathanson began coverage on DIGITAL Rlty Tr/SH SH in a report on Monday, April 9th. They set a “hold” rating and a $115.00 price target on the stock. Finally, Raymond James upgraded DIGITAL Rlty Tr/SH SH from a “market perform” rating to an “outperform” rating in a report on Monday, March 12th. Eight equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. DIGITAL Rlty Tr/SH SH has an average rating of “Buy” and an average target price of $122.06.

DIGITAL Rlty Tr/SH SH 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.

Institutional Ownership by Quarter for DIGITAL Rlty Tr/SH SH (NYSE:DLR)

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