Toronto Dominion Bank reduced its position in DIGITAL RLTY TR/SH (NYSE:DLR) by 15.6% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 165,284 shares of the real estate investment trust’s stock after selling 30,582 shares during the period. Toronto Dominion Bank owned 0.08% of DIGITAL RLTY TR/SH worth $19,464,000 at the end of the most recent quarter.
Other institutional investors have also recently bought and sold shares of the company. Krane Funds Advisors LLC purchased a new stake in shares of DIGITAL RLTY TR/SH in the 2nd quarter valued at about $25,000. Manchester Financial Inc. purchased a new stake in shares of DIGITAL RLTY TR/SH in the 2nd quarter valued at about $46,000. Capital Investment Advisory Services LLC lifted its holdings in shares of DIGITAL RLTY TR/SH by 256.4% in the 2nd quarter. Capital Investment Advisory Services LLC now owns 392 shares of the real estate investment trust’s stock valued at $46,000 after purchasing an additional 282 shares during the last quarter. Princeton Global Asset Management LLC purchased a new stake in shares of DIGITAL RLTY TR/SH in the 1st quarter valued at about $51,000. Finally, Bremer Bank National Association purchased a new stake in shares of DIGITAL RLTY TR/SH in the 1st quarter valued at about $56,000.
Several analysts have recently weighed in on DLR shares. Cowen set a $125.00 target price on DIGITAL RLTY TR/SH and gave the company a “hold” rating in a report on Wednesday, July 31st. Raymond James raised DIGITAL RLTY TR/SH from a “market perform” rating to an “outperform” rating and set a $116.00 price objective for the company in a research note on Thursday, June 6th. ValuEngine downgraded DIGITAL RLTY TR/SH from a “buy” rating to a “hold” rating in a research note on Thursday, June 27th. Guggenheim downgraded DIGITAL RLTY TR/SH from a “buy” rating to a “neutral” rating and upped their price objective for the company from $127.00 to $132.00 in a research note on Wednesday. Finally, Barclays reaffirmed an “overweight” rating and set a $147.00 price objective on shares of DIGITAL RLTY TR/SH in a research note on Friday, August 30th. Eight research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $127.77.
NYSE DLR traded down $1.56 on Friday, hitting $124.97. 22,779 shares of the company’s stock were exchanged, compared to its average volume of 934,890. The company has a debt-to-equity ratio of 1.16, a current ratio of 0.36 and a quick ratio of 0.36. The firm’s 50-day moving average price is $120.78 and its two-hundred day moving average price is $119.08. DIGITAL RLTY TR/SH has a fifty-two week low of $100.05 and a fifty-two week high of $129.57. The firm has a market cap of $26.33 billion, a price-to-earnings ratio of 19.00, a P/E/G ratio of 2.78 and a beta of 0.41.
DIGITAL RLTY TR/SH (NYSE:DLR) last released its earnings results on Tuesday, July 30th. The real estate investment trust reported $0.15 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.63 by ($1.48). DIGITAL RLTY TR/SH had a return on equity of 3.01% and a net margin of 10.00%. The business had revenue of $801.00 million for the quarter, compared to analyst estimates of $807.48 million. During the same quarter in the previous year, the firm posted $1.66 EPS. The business’s revenue for the quarter was up 6.1% on a year-over-year basis. On average, research analysts predict that DIGITAL RLTY TR/SH will post 6.64 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 13th will be given a dividend of $1.08 per share. This represents a $4.32 annualized dividend and a yield of 3.46%. The ex-dividend date is Thursday, September 12th. DIGITAL RLTY TR/SH’s payout ratio is 65.45%.
In other DIGITAL RLTY TR/SH news, Director Kevin Kennedy sold 300 shares of the business’s stock in a transaction that occurred on Thursday, June 20th. The stock was 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 approximately $37,500. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Edward F. Sham sold 11,400 shares of the business’s stock in a transaction that occurred on Monday, June 17th. The stock was sold at an average price of $122.00, for a total value of $1,390,800.00. Following the transaction, the insider now owns 15,738 shares in the company, valued at approximately $1,920,036. The disclosure for this sale can be found here. Insiders have sold a total of 12,400 shares of company stock worth $1,513,104 in the last quarter. 0.49% of the stock is currently owned by insiders.
DIGITAL RLTY TR/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.
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