Demars Financial Group LLC bought a new stake in shares of DIGITAL RLTY TR/SH (NYSE:DLR) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 23,022 shares of the real estate investment trust’s stock, valued at approximately $3,272,000. DIGITAL RLTY TR/SH comprises approximately 2.6% of Demars Financial Group LLC’s investment portfolio, making the stock its 9th biggest holding.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in DLR. Public Employees Retirement Association of Colorado increased its position in shares of DIGITAL RLTY TR/SH by 81.3% during the 1st quarter. Public Employees Retirement Association of Colorado now owns 71,636 shares of the real estate investment trust’s stock valued at $9,951,000 after purchasing an additional 32,133 shares during the last quarter. First Trust Advisors LP increased its position in shares of DIGITAL RLTY TR/SH by 70.1% during the 1st quarter. First Trust Advisors LP now owns 143,221 shares of the real estate investment trust’s stock valued at $19,895,000 after purchasing an additional 59,016 shares during the last quarter. AE Wealth Management LLC increased its position in shares of DIGITAL RLTY TR/SH by 39.6% during the 1st quarter. AE Wealth Management LLC now owns 6,968 shares of the real estate investment trust’s stock valued at $968,000 after purchasing an additional 1,977 shares during the last quarter. WASHINGTON TRUST Co bought a new position in DIGITAL RLTY TR/SH in the 1st quarter valued at $25,000. Finally, Bartlett & Co. LLC bought a new position in DIGITAL RLTY TR/SH in the 1st quarter valued at $37,000.
Shares of NYSE DLR traded up $3.15 during mid-day trading on Wednesday, reaching $150.43. 2,062,874 shares of the company were exchanged, compared to its average volume of 2,548,207. The company has a quick ratio of 0.57, a current ratio of 0.57 and a debt-to-equity ratio of 0.76. The stock has a market cap of $40.46 billion, a price-to-earnings ratio of 53.17, a P/E/G ratio of 3.53 and a beta of 0.19. DIGITAL RLTY TR/SH has a 1 year low of $105.00 and a 1 year high of $165.49. The firm has a 50-day moving average of $153.41 and a 200 day moving average of $143.00.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be paid a dividend of $1.12 per share. This represents a $4.48 dividend on an annualized basis and a dividend yield of 2.98%. The ex-dividend date is Monday, September 14th. DIGITAL RLTY TR/SH’s dividend payout ratio (DPR) is currently 67.37%.
In other DIGITAL RLTY TR/SH news, CEO A William Stein sold 25,200 shares of the stock in a transaction dated Friday, July 31st. The stock was sold at an average price of $160.74, for a total value of $4,050,648.00. Following the completion of the sale, the chief executive officer now directly owns 25,200 shares in the company, valued at $4,050,648. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Kevin Kennedy sold 1,000 shares of the stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $159.85, for a total value of $159,850.00. Following the completion of the sale, the director now owns 1,000 shares of the company’s stock, valued at $159,850. The disclosure for this sale can be found here. Insiders have sold a total of 90,636 shares of company stock valued at $14,109,825 over the last 90 days. 0.61% of the stock is currently owned by company insiders.
Several equities analysts have commented on DLR shares. Deutsche Bank started coverage on DIGITAL RLTY TR/SH in a research report on Friday, June 5th. They issued a “buy” rating and a $155.00 price objective on the stock. Barclays started coverage on DIGITAL RLTY TR/SH in a research report on Wednesday, July 15th. They issued an “overweight” rating and a $165.00 price objective on the stock. BMO Capital Markets raised DIGITAL RLTY TR/SH from a “market perform” rating to an “outperform” rating and upped their price objective for the company from $139.00 to $167.00 in a research report on Wednesday. UBS Group upped their price objective on DIGITAL RLTY TR/SH from $150.00 to $154.00 and gave the company a “neutral” rating in a research report on Friday, July 31st. Finally, Credit Suisse Group upped their price objective on DIGITAL RLTY TR/SH from $164.00 to $173.00 and gave the company an “outperform” rating in a research report on Friday, July 31st. Seven research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $159.41.
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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