Marshall Wace North America L.P. Takes $14.74 Million Position in DIGITAL RLTY TR/SH (DLR)

Marshall Wace North America L.P. purchased a new position in DIGITAL RLTY TR/SH (NYSE:DLR) in the third quarter, HoldingsChannel reports. The firm purchased 131,084 shares of the real estate investment trust’s stock, valued at approximately $14,744,000.

A number of other institutional investors and hedge funds also recently modified their holdings of DLR. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new stake in DIGITAL RLTY TR/SH in the second quarter worth about $2,406,000. Wedbush Securities Inc. increased its position in DIGITAL RLTY TR/SH by 25.4% in the second quarter. Wedbush Securities Inc. now owns 6,268 shares of the real estate investment trust’s stock worth $699,000 after buying an additional 1,271 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in DIGITAL RLTY TR/SH by 28.9% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 110,629 shares of the real estate investment trust’s stock worth $12,344,000 after buying an additional 24,804 shares in the last quarter. Boston Common Asset Management LLC purchased a new stake in DIGITAL RLTY TR/SH in the second quarter worth about $1,387,000. Finally, Fieldpoint Private Securities LLC increased its position in DIGITAL RLTY TR/SH by 101.6% in the second quarter. Fieldpoint Private Securities LLC now owns 2,770 shares of the real estate investment trust’s stock worth $309,000 after buying an additional 1,396 shares in the last quarter. Institutional investors and hedge funds own 99.10% of the company’s stock.

DLR has been the subject of several research analyst reports. BMO Capital Markets set a $120.00 target price on DIGITAL RLTY TR/SH and gave the stock a “hold” rating in a research report on Friday, October 26th. Citigroup cut their target price on DIGITAL RLTY TR/SH from $131.00 to $126.00 and set a “buy” rating for the company in a research report on Tuesday, November 6th. Guggenheim upgraded DIGITAL RLTY TR/SH from a “neutral” rating to a “buy” rating and set a $125.00 target price for the company in a research report on Monday, October 22nd. Royal Bank of Canada cut their target price on DIGITAL RLTY TR/SH from $131.00 to $124.00 and set an “outperform” rating for the company in a research report on Monday, November 5th. Finally, Berenberg Bank initiated coverage on DIGITAL RLTY TR/SH in a research report on Thursday, September 20th. They set a “hold” rating and a $127.00 target price for the company. Six analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $125.47.

In related news, CTO Christopher Sharp sold 5,000 shares of the stock in a transaction that occurred on Monday, November 12th. The stock was sold at an average price of $110.00, for a total transaction of $550,000.00. Following the completion of the transaction, the chief technology officer now directly owns 6,062 shares of the company’s stock, valued at $666,820. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Kevin Kennedy sold 400 shares of the stock in a transaction that occurred on Tuesday, December 4th. The shares were sold at an average price of $114.51, for a total value of $45,804.00. Following the transaction, the director now directly owns 400 shares of the company’s stock, valued at $45,804. The disclosure for this sale can be found here. Over the last three months, insiders have sold 13,271 shares of company stock valued at $1,508,840. 0.43% of the stock is owned by corporate insiders.

NYSE:DLR opened at $115.72 on Friday. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.34 and a quick ratio of 0.34. DIGITAL RLTY TR/SH has a 12-month low of $96.56 and a 12-month high of $125.10. The stock has a market cap of $24.11 billion, a P/E ratio of 18.85, a price-to-earnings-growth ratio of 2.57 and a beta of 0.44.

DIGITAL RLTY TR/SH (NYSE:DLR) last released its earnings results on Thursday, October 25th. The real estate investment trust reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.62 by ($1.29). DIGITAL RLTY TR/SH had a return on equity of 3.96% and a net margin of 11.78%. The business had revenue of $768.92 million for the quarter, compared to analysts’ expectations of $773.08 million. As a group, research analysts anticipate that DIGITAL RLTY TR/SH will post 6.6 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 15th. Investors of record on Friday, December 14th will be paid a dividend of $1.01 per share. This represents a $4.04 dividend on an annualized basis and a yield of 3.49%. The ex-dividend date of this dividend is Thursday, December 13th. DIGITAL RLTY TR/SH’s payout ratio is presently 65.80%.

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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.

Further Reading: Balance Sheet

Want to see what other hedge funds are holding DLR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for DIGITAL RLTY TR/SH (NYSE:DLR).

Institutional Ownership by Quarter for DIGITAL RLTY TR/SH (NYSE:DLR)

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