DIGITAL RLTY TR/SH (DLR) Shares Bought by Wesbanco Bank Inc.

Wesbanco Bank Inc. boosted its holdings in DIGITAL RLTY TR/SH (NYSE:DLR) by 11.4% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 12,417 shares of the real estate investment trust’s stock after purchasing an additional 1,275 shares during the quarter. Wesbanco Bank Inc.’s holdings in DIGITAL RLTY TR/SH were worth $1,396,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. First Republic Investment Management Inc. bought a new stake in shares of DIGITAL RLTY TR/SH during the second quarter valued at approximately $46,477,000. BlackRock Inc. increased its holdings in shares of DIGITAL RLTY TR/SH by 2.0% during the third quarter. BlackRock Inc. now owns 20,472,703 shares of the real estate investment trust’s stock valued at $2,302,770,000 after acquiring an additional 394,225 shares in the last quarter. American Century Companies Inc. increased its holdings in shares of DIGITAL RLTY TR/SH by 86.1% during the third quarter. American Century Companies Inc. now owns 541,222 shares of the real estate investment trust’s stock valued at $60,877,000 after acquiring an additional 250,397 shares in the last quarter. Osterweis Capital Management Inc. bought a new stake in shares of DIGITAL RLTY TR/SH during the second quarter valued at approximately $24,663,000. Finally, Security Capital Research & Management Inc. increased its holdings in shares of DIGITAL RLTY TR/SH by 50.7% during the second quarter. Security Capital Research & Management Inc. now owns 482,605 shares of the real estate investment trust’s stock valued at $53,849,000 after acquiring an additional 162,300 shares in the last quarter. Institutional investors and hedge funds own 98.34% of the company’s stock.

DLR has been the topic of several analyst reports. Royal Bank of Canada cut 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, November 5th. Guggenheim raised 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. Citigroup lifted their target price on DIGITAL RLTY TR/SH from $119.00 to $131.00 and gave the company a “buy” rating in a research report on Monday, July 30th. They noted that the move was a valuation call. 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. Finally, Zacks Investment Research cut DIGITAL RLTY TR/SH from a “buy” rating to a “hold” rating in a research report on Thursday, August 9th. Seven 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 an average price target of $126.06.

DLR stock traded down $0.16 during midday trading on Friday, hitting $109.05. The company’s stock had a trading volume of 3,068 shares, compared to its average volume of 1,889,139. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 0.96. DIGITAL RLTY TR/SH has a 1 year low of $96.56 and a 1 year high of $125.10. The stock has a market cap of $22.53 billion, a P/E ratio of 17.74, a P/E/G ratio of 2.40 and a beta of 0.41.

DIGITAL RLTY TR/SH (NYSE:DLR) last posted its quarterly earnings data on Thursday, October 25th. The real estate investment trust reported $0.33 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.62 by ($1.29). DIGITAL RLTY TR/SH had a return on equity of 3.96% and a net margin of 11.78%. The business had revenue of $768.92 million during the quarter, compared to analysts’ expectations of $773.08 million. As a group, analysts forecast that DIGITAL RLTY TR/SH will post 6.6 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 15th. Shareholders of record on Friday, December 14th will be given a $1.01 dividend. The ex-dividend date is Thursday, December 13th. This represents a $4.04 annualized dividend and a yield of 3.70%. DIGITAL RLTY TR/SH’s dividend payout ratio is currently 65.80%.

In other DIGITAL RLTY TR/SH news, CTO Christopher Sharp sold 5,000 shares of the business’s stock in a transaction on Monday, November 12th. The stock was sold at an average price of $110.00, for a total value of $550,000.00. Following the transaction, the chief technology officer now owns 6,062 shares of the company’s stock, valued at $666,820. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.43% of the stock is currently owned by insiders.

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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.

Further Reading: Momentum Indicator: Relative Strength Index

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

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