Beech Hill Advisors Inc. grew its position in shares of DIGITAL RLTY TR/SH (NYSE:DLR) by 30.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 34,261 shares of the real estate investment trust’s stock after purchasing an additional 8,035 shares during the quarter. DIGITAL RLTY TR/SH makes up about 1.9% of Beech Hill Advisors Inc.’s portfolio, making the stock its 29th biggest holding. Beech Hill Advisors Inc.’s holdings in DIGITAL RLTY TR/SH were worth $4,102,000 at the end of the most recent reporting period.
Other large investors have also recently bought and sold shares of the company. Bartlett & Co. LLC purchased a new position in shares of DIGITAL RLTY TR/SH during the 3rd quarter valued at approximately $32,000. Private Ocean LLC boosted its stake in DIGITAL RLTY TR/SH by 1,160.0% during the 3rd quarter. Private Ocean LLC now owns 252 shares of the real estate investment trust’s stock worth $33,000 after purchasing an additional 232 shares during the last quarter. Riverview Trust Co acquired a new position in shares of DIGITAL RLTY TR/SH during the 3rd quarter valued at about $44,000. Institutional & Family Asset Management LLC boosted its position in shares of DIGITAL RLTY TR/SH by 78.7% during the 3rd quarter. Institutional & Family Asset Management LLC now owns 336 shares of the real estate investment trust’s stock valued at $44,000 after acquiring an additional 148 shares during the last quarter. Finally, HM Payson & Co. acquired a new position in shares of DIGITAL RLTY TR/SH during the 2nd quarter valued at about $59,000.
In other DIGITAL RLTY TR/SH news, CFO Andrew Power sold 16,087 shares of the business’s stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $120.05, for a total transaction of $1,931,244.35. Following the completion of the transaction, the chief financial officer now owns 16,087 shares in the company, valued at approximately $1,931,244.35. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Kevin Kennedy sold 400 shares of the business’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $116.56, for a total value of $46,624.00. Following the transaction, the director now owns 400 shares of the company’s stock, valued at approximately $46,624. The disclosure for this sale can be found here. 0.49% of the stock is currently owned by insiders.
Shares of DLR stock traded up $0.32 during trading hours on Friday, reaching $123.99. 261,421 shares of the stock were exchanged, compared to its average volume of 1,621,546. The business’s fifty day moving average is $118.46 and its two-hundred day moving average is $122.07. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.33 and a quick ratio of 0.33. DIGITAL RLTY TR/SH has a 12-month low of $102.60 and a 12-month high of $136.32. The firm has a market capitalization of $25.20 billion, a P/E ratio of 18.79, a P/E/G ratio of 2.58 and a beta of 0.33.
DIGITAL RLTY TR/SH (NYSE:DLR) last released its earnings results on Tuesday, October 29th. The real estate investment trust reported $1.67 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.64 by $0.03. DIGITAL RLTY TR/SH had a net margin of 9.22% and a return on equity of 2.69%. The firm had revenue of $806.50 million for the quarter, compared to analyst estimates of $814.47 million. During the same period in the prior year, the firm earned $0.33 earnings per share. The business’s quarterly revenue was up 4.9% compared to the same quarter last year. As a group, equities research analysts predict that DIGITAL RLTY TR/SH will post 6.62 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Friday, December 13th were issued a $1.08 dividend. The ex-dividend date of this dividend was Thursday, December 12th. This represents a $4.32 dividend on an annualized basis and a dividend yield of 3.48%. DIGITAL RLTY TR/SH’s dividend payout ratio (DPR) is 65.45%.
Several research analysts have recently weighed in on DLR shares. Barclays set a $162.00 price target on shares of DIGITAL RLTY TR/SH and gave the company a “buy” rating in a research report on Friday, October 11th. William Blair upgraded shares of DIGITAL RLTY TR/SH from a “market perform” rating to an “outperform” rating in a report on Wednesday, October 30th. SunTrust Banks boosted their price objective on shares of DIGITAL RLTY TR/SH from $132.00 to $140.00 and gave the company a “buy” rating in a report on Friday, December 6th. Argus cut their price target on shares of DIGITAL RLTY TR/SH from $140.00 to $130.00 and set a “buy” rating on the stock in a research note on Tuesday, November 26th. Finally, KeyCorp boosted their price target on shares of DIGITAL RLTY TR/SH from $130.00 to $135.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 8th. Five research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $132.31.
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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