Great Lakes Retirement Inc. trimmed its position in shares of DIGITAL RLTY TR/SH (NYSE:DLR) by 67.5% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,390 shares of the real estate investment trust’s stock after selling 4,961 shares during the quarter. Great Lakes Retirement Inc.’s holdings in DIGITAL RLTY TR/SH were worth $331,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors have also recently made changes to their positions in the company. Sunbelt Securities Inc. bought a new position in shares of DIGITAL RLTY TR/SH in the 4th quarter valued at approximately $2,814,000. WASHINGTON TRUST Co bought a new position in DIGITAL RLTY TR/SH in the 1st quarter worth approximately $25,000. BDO Wealth Advisors LLC increased its position in DIGITAL RLTY TR/SH by 80.8% in the 1st quarter. BDO Wealth Advisors LLC now owns 226 shares of the real estate investment trust’s stock worth $31,000 after buying an additional 101 shares during the period. Covington Capital Management acquired a new stake in shares of DIGITAL RLTY TR/SH during the 4th quarter worth approximately $28,000. Finally, PSI Advisors LLC acquired a new stake in shares of DIGITAL RLTY TR/SH during the 4th quarter worth approximately $29,000.
In related news, CEO A William Stein sold 25,000 shares of the company’s stock in a transaction dated Monday, March 30th. The stock was sold at an average price of $140.00, for a total value of $3,500,000.00. Following the completion of the sale, the chief executive officer now owns 25,000 shares in the company, valued at $3,500,000. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Cindy Fiedelman sold 1,024 shares of the company’s stock in a transaction dated Thursday, April 30th. The shares were sold at an average price of $146.49, for a total value of $150,005.76. Following the completion of the sale, the insider now owns 1,024 shares of the company’s stock, valued at approximately $150,005.76. The disclosure for this sale can be found here. Insiders sold 109,073 shares of company stock valued at $15,602,418 in the last quarter. 0.61% of the stock is currently owned by corporate insiders.
Shares of DLR stock traded up $2.90 on Friday, reaching $145.97. 592,426 shares of the stock were exchanged, compared to its average volume of 2,791,790. The stock has a market cap of $38.86 billion, a PE ratio of 51.91, a P/E/G ratio of 3.52 and a beta of 0.19. DIGITAL RLTY TR/SH has a one year low of $105.00 and a one year high of $158.36. 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 has a 50 day moving average price of $139.00 and a 200 day moving average price of $131.84.
DIGITAL RLTY TR/SH (NYSE:DLR) last released its quarterly earnings data on Thursday, May 7th. The real estate investment trust reported $0.90 EPS for the quarter, missing analysts’ consensus estimates of $1.54 by ($0.64). The company had revenue of $823.30 million during the quarter, compared to the consensus estimate of $964.60 million. DIGITAL RLTY TR/SH had a net margin of 21.35% and a return on equity of 7.65%. The company’s revenue for the quarter was up 1.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.73 EPS. On average, research analysts expect that DIGITAL RLTY TR/SH will post 6.03 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be issued a $1.12 dividend. The ex-dividend date is Friday, June 12th. This represents a $4.48 dividend on an annualized basis and a yield of 3.07%. DIGITAL RLTY TR/SH’s dividend payout ratio is presently 67.37%.
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.
Further Reading: What is a growth and income fund?
Want to see what other hedge funds are holding DLR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for DIGITAL RLTY TR/SH (NYSE:DLR).
Receive News & Ratings for DIGITAL RLTY TR/SH Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for DIGITAL RLTY TR/SH and related companies with MarketBeat.com's FREE daily email newsletter.