Credit Suisse AG increased its stake in shares of DIGITAL RLTY TR/SH (NYSE:DLR) by 1.3% in the 3rd quarter, HoldingsChannel reports. The firm owned 556,790 shares of the real estate investment trust’s stock after purchasing an additional 7,239 shares during the period. Credit Suisse AG’s holdings in DIGITAL RLTY TR/SH were worth $62,627,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. BlackRock Inc. grew its stake in DIGITAL RLTY TR/SH by 2.0% during the 3rd quarter. BlackRock Inc. now owns 20,472,703 shares of the real estate investment trust’s stock worth $2,302,770,000 after purchasing an additional 394,225 shares in the last quarter. FMR LLC boosted its position in shares of DIGITAL RLTY TR/SH by 0.5% during the 3rd quarter. FMR LLC now owns 3,283,265 shares of the real estate investment trust’s stock worth $369,302,000 after acquiring an additional 16,977 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of DIGITAL RLTY TR/SH by 1.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 3,079,864 shares of the real estate investment trust’s stock worth $343,645,000 after acquiring an additional 40,481 shares in the last quarter. Schwab Charles Investment Management Inc. boosted its position in shares of DIGITAL RLTY TR/SH by 4.7% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 2,150,524 shares of the real estate investment trust’s stock worth $239,956,000 after acquiring an additional 96,180 shares in the last quarter. Finally, Duff & Phelps Investment Management Co. boosted its position in shares of DIGITAL RLTY TR/SH by 1.0% during the 2nd quarter. Duff & Phelps Investment Management Co. now owns 985,344 shares of the real estate investment trust’s stock worth $109,945,000 after acquiring an additional 9,850 shares in the last quarter. 98.34% of the stock is owned by hedge funds and other institutional investors.
In other news, CTO Christopher Sharp sold 5,000 shares of the business’s stock in a transaction dated Monday, November 12th. The stock was sold at an average price of $110.00, for a total value of $550,000.00. Following the completion of the sale, the chief technology officer now directly owns 6,062 shares of the company’s stock, valued at approximately $666,820. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.43% of the stock is currently owned by insiders.
DIGITAL RLTY TR/SH (NYSE:DLR) last posted its earnings results 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 net margin of 11.78% and a return on equity of 3.96%. The firm had revenue of $768.92 million during the quarter, compared to analysts’ expectations of $773.08 million. On average, equities research analysts expect that DIGITAL RLTY TR/SH will post 6.6 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 15th. Stockholders of record on Friday, December 14th will be issued a $1.01 dividend. This represents a $4.04 annualized dividend and a dividend yield of 3.69%. The ex-dividend date is Thursday, December 13th. DIGITAL RLTY TR/SH’s payout ratio is currently 65.80%.
Several research analysts have recently issued reports on DLR shares. Royal Bank of Canada lowered their price objective 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, November 5th. Guggenheim raised DIGITAL RLTY TR/SH from a “neutral” rating to a “buy” rating and set a $125.00 price objective for the company in a research report on Monday, October 22nd. Citigroup upped their price objective on DIGITAL RLTY TR/SH from $119.00 to $131.00 and gave the stock 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 price objective on DIGITAL RLTY TR/SH and gave the stock 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 equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $125.47.
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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.
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