Northwestern Mutual Investment Management Company LLC increased its stake in shares of DIGITAL RLTY TR/SH (NYSE:DLR) by 68.9% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,697 shares of the real estate investment trust’s stock after buying an additional 5,589 shares during the quarter. Northwestern Mutual Investment Management Company LLC’s holdings in DIGITAL RLTY TR/SH were worth $1,903,000 at the end of the most recent reporting period.
Other institutional investors also recently bought and sold shares of the company. WASHINGTON TRUST Co bought a new position in shares of DIGITAL RLTY TR/SH during the 1st quarter worth approximately $25,000. Covington Capital Management bought a new position in DIGITAL RLTY TR/SH in the 4th quarter valued at $28,000. PSI Advisors LLC bought a new position in DIGITAL RLTY TR/SH in the 4th quarter valued at $29,000. Sugarloaf Wealth Management LLC bought a new position in DIGITAL RLTY TR/SH in the 4th quarter valued at $32,000. Finally, Bartlett & Co. LLC bought a new position in DIGITAL RLTY TR/SH in the 1st quarter valued at $37,000. Institutional investors and hedge funds own 89.91% of the company’s stock.
Several equities research analysts have recently commented on the company. Raymond James cut DIGITAL RLTY TR/SH from an “outperform” rating to a “market perform” rating in a research note on Thursday, April 16th. They noted that the move was a valuation call. Wells Fargo & Co reaffirmed a “buy” rating on shares of DIGITAL RLTY TR/SH in a research note on Friday, May 8th. Royal Bank of Canada reaffirmed a “buy” rating and set a $142.00 price objective on shares of DIGITAL RLTY TR/SH in a research note on Monday, March 9th. Robert W. Baird cut DIGITAL RLTY TR/SH from an “outperform” rating to a “neutral” rating and lifted their price objective for the stock from $142.00 to $144.00 in a research note on Monday, April 13th. Finally, Argus lifted their price objective on DIGITAL RLTY TR/SH from $130.00 to $148.00 and gave the stock a “buy” rating in a research note on Friday, April 3rd. Nine investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. DIGITAL RLTY TR/SH has a consensus rating of “Hold” and an average target price of $140.40.
Shares of DIGITAL RLTY TR/SH stock opened at $135.81 on Friday. DIGITAL RLTY TR/SH has a one year low of $105.00 and a one year high of $158.36. The firm has a market cap of $35.08 billion, a price-to-earnings ratio of 48.68, a price-to-earnings-growth ratio of 3.29 and a beta of 0.21. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.45 and a quick ratio of 0.45. The stock’s 50-day moving average is $142.72 and its 200-day moving average is $128.50.
DIGITAL RLTY TR/SH (NYSE:DLR) last released its earnings results on Thursday, May 7th. The real estate investment trust reported $0.90 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.54 by ($0.64). DIGITAL RLTY TR/SH had a return on equity of 7.65% and a net margin of 21.35%. The company had revenue of $823.30 million for the quarter, compared to the consensus estimate of $964.60 million. During the same quarter in the previous year, the company posted $1.73 EPS. The business’s revenue was up 1.0% on a year-over-year basis. On average, equities analysts expect that DIGITAL RLTY TR/SH will post 6.03 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be issued a dividend of $1.12 per share. The ex-dividend date is Friday, June 12th. This represents a $4.48 annualized dividend and a yield of 3.30%. DIGITAL RLTY TR/SH’s payout ratio is presently 67.37%.
In related news, EVP Dyer Corey sold 886 shares of the company’s stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $129.36, for a total transaction of $114,612.96. Following the sale, the executive vice president now owns 7,210 shares in the company, valued at $932,685.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Kevin Kennedy sold 1,000 shares of the company’s stock in a transaction dated Friday, May 1st. The stock was sold at an average price of $146.47, for a total value of $146,470.00. Following the sale, the director now owns 1,000 shares in the company, valued at approximately $146,470. The disclosure for this sale can be found here. Insiders have sold 106,333 shares of company stock worth $14,692,789 in the last quarter. 0.49% of the stock is currently owned by corporate insiders.
About DIGITAL RLTY TR/SH
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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