Smith Salley & Associates lowered its position in shares of DIGITAL RLTY TR/SH (NYSE:DLR) by 2.5% in the third quarter, Holdings Channel reports. The fund owned 27,384 shares of the real estate investment trust’s stock after selling 702 shares during the period. Smith Salley & Associates’ holdings in DIGITAL RLTY TR/SH were worth $3,080,000 as of its most recent SEC filing.
Other large investors have also recently added to or reduced their stakes in the company. Centaurus Financial Inc. bought a new stake in shares of DIGITAL RLTY TR/SH during the 2nd quarter worth approximately $103,000. Winslow Evans & Crocker Inc. raised its stake in shares of DIGITAL RLTY TR/SH by 105.5% during the 3rd quarter. Winslow Evans & Crocker Inc. now owns 1,118 shares of the real estate investment trust’s stock worth $128,000 after purchasing an additional 574 shares in the last quarter. Qube Research & Technologies Ltd raised its stake in shares of DIGITAL RLTY TR/SH by 378.1% during the 2nd quarter. Qube Research & Technologies Ltd now owns 1,200 shares of the real estate investment trust’s stock worth $134,000 after purchasing an additional 949 shares in the last quarter. NEXT Financial Group Inc bought a new stake in shares of DIGITAL RLTY TR/SH during the 3rd quarter worth approximately $156,000. Finally, TRUE Private Wealth Advisors bought a new stake in DIGITAL RLTY TR/SH in the 3rd quarter valued at $176,000. 98.28% of the stock is owned by hedge funds and other institutional investors.
Several research firms have weighed in on DLR. Zacks Investment Research cut DIGITAL RLTY TR/SH from a “buy” rating to a “hold” rating in a research report on Thursday, August 9th. Barclays increased their price objective on DIGITAL RLTY TR/SH from $139.00 to $141.00 and gave the stock an “overweight” rating in a research report on Thursday, August 2nd. Credit Suisse Group set a $130.00 price objective on DIGITAL RLTY TR/SH and gave the stock a “hold” rating in a research report on Wednesday, August 8th. Stifel Nicolaus increased their price objective on DIGITAL RLTY TR/SH from $128.00 to $130.00 and gave the stock a “buy” rating in a research report on Friday, July 27th. Finally, BMO Capital Markets reiterated a “hold” rating and set a $120.00 price objective on shares of DIGITAL RLTY TR/SH in a research report on Friday, July 27th. Seven equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $126.06.
DLR opened at $110.62 on Friday. The firm has a market cap of $23.09 billion, a PE ratio of 18.02, a P/E/G ratio of 2.46 and a beta of 0.41. DIGITAL RLTY TR/SH has a 52-week low of $96.56 and a 52-week high of $125.10. The company has a current ratio of 0.34, a quick ratio of 0.30 and a debt-to-equity ratio of 0.96.
DIGITAL RLTY TR/SH (NYSE:DLR) last released its earnings results on Thursday, October 25th. The real estate investment trust reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate 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 return on equity of 3.96% and a net margin of 11.78%. Equities analysts forecast that DIGITAL RLTY TR/SH will post 6.6 earnings per share for the current year.
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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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