Gulf International Bank UK Ltd increased its holdings in shares of DIGITAL RLTY TR/SH (NYSE:DLR) by 13.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 72,880 shares of the real estate investment trust’s stock after buying an additional 8,800 shares during the quarter. Gulf International Bank UK Ltd’s holdings in DIGITAL RLTY TR/SH were worth $8,197,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in DLR. Centaurus Financial Inc. purchased a new position in DIGITAL RLTY TR/SH during the second quarter worth about $103,000. Winslow Evans & Crocker Inc. lifted its position in DIGITAL RLTY TR/SH by 105.5% during the third quarter. Winslow Evans & Crocker Inc. now owns 1,118 shares of the real estate investment trust’s stock worth $128,000 after buying an additional 574 shares during the period. Qube Research & Technologies Ltd lifted its position in DIGITAL RLTY TR/SH by 378.1% during the second quarter. Qube Research & Technologies Ltd now owns 1,200 shares of the real estate investment trust’s stock worth $134,000 after buying an additional 949 shares during the period. NEXT Financial Group Inc purchased a new position in DIGITAL RLTY TR/SH during the third quarter worth about $156,000. Finally, TRUE Private Wealth Advisors purchased a new position in DIGITAL RLTY TR/SH during the third quarter worth about $176,000. Hedge funds and other institutional investors own 98.28% of the company’s stock.
Several equities analysts recently weighed in on the company. Citigroup reduced their target price on DIGITAL RLTY TR/SH from $131.00 to $126.00 and set a “buy” rating on the stock in a research report on Tuesday. Royal Bank of Canada reduced their target price on DIGITAL RLTY TR/SH from $131.00 to $124.00 and set an “outperform” rating on the stock in a research report on Monday. 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. Guggenheim upgraded DIGITAL RLTY TR/SH from a “neutral” rating to a “buy” rating and set a $125.00 target price on the stock in a research report on Monday, October 22nd. Finally, Berenberg Bank began 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 on the stock. Seven equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $126.06.
DIGITAL RLTY TR/SH (NYSE:DLR) last announced its quarterly earnings results on Thursday, October 25th. The real estate investment trust reported $0.33 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.62 by ($1.29). The firm had revenue of $768.92 million for the quarter, compared to analyst estimates of $773.08 million. DIGITAL RLTY TR/SH had a return on equity of 3.96% and a net margin of 11.78%. Research analysts predict that DIGITAL RLTY TR/SH will post 6.6 EPS for the current fiscal year.
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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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