Victory Capital Management Inc. reduced its stake in shares of DIGITAL RLTY TR/SH (NYSE:DLR) by 14.3% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 446,617 shares of the real estate investment trust’s stock after selling 74,614 shares during the period. Victory Capital Management Inc. owned 0.22% of DIGITAL RLTY TR/SH worth $50,235,000 at the end of the most recent quarter.
A number of other large investors also recently made changes to their positions in DLR. US Bancorp DE increased its position in DIGITAL RLTY TR/SH by 1.2% in the 3rd quarter. US Bancorp DE now owns 208,173 shares of the real estate investment trust’s stock valued at $23,415,000 after buying an additional 2,419 shares in the last quarter. Moody National Bank Trust Division increased its position in DIGITAL RLTY TR/SH by 73.0% in the 3rd quarter. Moody National Bank Trust Division now owns 10,900 shares of the real estate investment trust’s stock valued at $1,226,000 after buying an additional 4,600 shares in the last quarter. Chatham Capital Group Inc. bought a new stake in DIGITAL RLTY TR/SH in the 3rd quarter valued at about $6,463,000. Oregon Public Employees Retirement Fund increased its position in DIGITAL RLTY TR/SH by 2.3% in the 3rd quarter. Oregon Public Employees Retirement Fund now owns 22,680 shares of the real estate investment trust’s stock valued at $2,551,000 after buying an additional 506 shares in the last quarter. Finally, Stoneridge Investment Partners LLC bought a new stake in DIGITAL RLTY TR/SH in the 3rd quarter valued at about $1,785,000. 98.28% of the stock is owned by institutional investors and hedge funds.
A number of brokerages recently commented on DLR. Citigroup decreased 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. Royal Bank of Canada decreased 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. BMO Capital Markets set a $120.00 target price on DIGITAL RLTY TR/SH and gave the company a “hold” rating in a research report on Friday, October 26th. Guggenheim raised 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. Finally, Berenberg Bank began coverage on DIGITAL RLTY TR/SH in a research report on Thursday, September 20th. They issued a “hold” rating and a $127.00 target price for the company. Seven investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $126.06.
DIGITAL RLTY TR/SH (NYSE:DLR) last released its quarterly earnings results on Thursday, October 25th. The real estate investment trust reported $0.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.62 by ($1.29). The company had revenue of $768.92 million for the quarter, compared to analyst estimates of $773.08 million. DIGITAL RLTY TR/SH had a net margin of 11.78% and a return on equity of 3.96%. On average, analysts forecast that DIGITAL RLTY TR/SH will post 6.6 EPS for the current year.
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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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