Stephens Inc. AR Sells 3,889 Shares of DIGITAL RLTY TR/SH (DLR)

Stephens Inc. AR lowered its holdings in DIGITAL RLTY TR/SH (NYSE:DLR) by 18.6% during the first quarter, Holdings Channel reports. The fund owned 17,049 shares of the real estate investment trust’s stock after selling 3,889 shares during the period. Stephens Inc. AR’s holdings in DIGITAL RLTY TR/SH were worth $2,029,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of DLR. Bessemer Group Inc. increased its stake in shares of DIGITAL RLTY TR/SH by 72.6% in the fourth quarter. Bessemer Group Inc. now owns 233 shares of the real estate investment trust’s stock valued at $25,000 after purchasing an additional 98 shares during the period. Ruggie Capital Group acquired a new stake in shares of DIGITAL RLTY TR/SH in the fourth quarter valued at approximately $28,000. FTB Advisors Inc. increased its stake in shares of DIGITAL RLTY TR/SH by 217.4% in the first quarter. FTB Advisors Inc. now owns 346 shares of the real estate investment trust’s stock valued at $41,000 after purchasing an additional 237 shares during the period. Parkside Financial Bank & Trust increased its stake in shares of DIGITAL RLTY TR/SH by 223.7% in the fourth quarter. Parkside Financial Bank & Trust now owns 382 shares of the real estate investment trust’s stock valued at $41,000 after purchasing an additional 264 shares during the period. Finally, We Are One Seven LLC acquired a new stake in shares of DIGITAL RLTY TR/SH in the fourth quarter valued at approximately $42,000. 99.17% of the stock is currently owned by hedge funds and other institutional investors.

NYSE DLR opened at $116.89 on Thursday. DIGITAL RLTY TR/SH has a 12 month low of $100.05 and a 12 month high of $125.10. The company has a current ratio of 0.05, a quick ratio of 0.21 and a debt-to-equity ratio of 0.18. The company has a market cap of $24.31 billion, a P/E ratio of 17.71, a P/E/G ratio of 2.52 and a beta of 0.46.

DIGITAL RLTY TR/SH (NYSE:DLR) last posted its quarterly earnings data on Thursday, April 25th. The real estate investment trust reported $1.73 EPS for the quarter, beating the Zacks’ consensus estimate of $1.65 by $0.08. DIGITAL RLTY TR/SH had a net margin of 10.95% and a return on equity of 3.27%. The business had revenue of $814.50 million for the quarter, compared to analyst estimates of $800.13 million. During the same quarter last year, the business earned $1.63 earnings per share. The business’s revenue for the quarter was up 9.4% on a year-over-year basis. Sell-side analysts predict that DIGITAL RLTY TR/SH will post 6.67 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be paid a dividend of $1.08 per share. The ex-dividend date is Thursday, June 13th. This represents a $4.32 dividend on an annualized basis and a dividend yield of 3.70%. DIGITAL RLTY TR/SH’s dividend payout ratio is presently 65.45%.

Several equities research analysts have commented on the stock. ValuEngine upgraded shares of DIGITAL RLTY TR/SH from a “hold” rating to a “buy” rating in a research note on Tuesday, February 19th. TheStreet upgraded shares of DIGITAL RLTY TR/SH from a “c+” rating to a “b” rating in a research note on Thursday, April 25th. Raymond James lowered shares of DIGITAL RLTY TR/SH from an “outperform” rating to a “market perform” rating and set a $120.00 price target on the stock. in a research note on Monday, March 25th. Zacks Investment Research upgraded shares of DIGITAL RLTY TR/SH from a “hold” rating to a “buy” rating and set a $135.00 price target on the stock in a research note on Thursday, April 11th. Finally, BMO Capital Markets restated a “hold” rating and issued a $115.00 price target on shares of DIGITAL RLTY TR/SH in a research note on Wednesday, February 6th. Seven research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $126.64.

In other DIGITAL RLTY TR/SH news, Director Kevin Kennedy sold 400 shares of DIGITAL RLTY TR/SH stock in a transaction that occurred on Wednesday, May 8th. The shares were sold at an average price of $117.25, for a total value of $46,900.00. Following the transaction, the director now owns 400 shares in the company, valued at $46,900. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, SVP Joshua A. Mills sold 10,000 shares of DIGITAL RLTY TR/SH stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $119.21, for a total transaction of $1,192,100.00. Following the completion of the transaction, the senior vice president now owns 14,166 shares in the company, valued at approximately $1,688,728.86. The disclosure for this sale can be found here. Insiders have sold 27,633 shares of company stock worth $3,300,928 in the last quarter. Company insiders own 0.49% of the company’s stock.

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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.

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

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