Renaissance Technologies LLC cut its position in DIGITAL RLTY TR/SH (NYSE:DLR) by 73.9% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 53,743 shares of the real estate investment trust’s stock after selling 152,093 shares during the period. Renaissance Technologies LLC’s holdings in DIGITAL RLTY TR/SH were worth $5,997,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP lifted 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 valued at $343,645,000 after acquiring an additional 40,481 shares during the period. Schwab Charles Investment Management Inc. lifted 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 valued at $239,956,000 after acquiring an additional 96,180 shares during the period. Royal Bank of Canada lifted its position in shares of DIGITAL RLTY TR/SH by 7.0% during the 1st quarter. Royal Bank of Canada now owns 1,771,110 shares of the real estate investment trust’s stock valued at $186,640,000 after acquiring an additional 115,186 shares during the period. Principal Financial Group Inc. lifted its position in shares of DIGITAL RLTY TR/SH by 2.7% during the 1st quarter. Principal Financial Group Inc. now owns 1,698,267 shares of the real estate investment trust’s stock valued at $178,964,000 after acquiring an additional 44,436 shares during the period. Finally, Legal & General Group Plc lifted its position in shares of DIGITAL RLTY TR/SH by 2.7% during the 1st quarter. Legal & General Group Plc now owns 1,500,494 shares of the real estate investment trust’s stock valued at $158,122,000 after acquiring an additional 38,744 shares during the period. Institutional investors and hedge funds own 98.46% of the company’s stock.

DIGITAL RLTY TR/SH stock opened at $107.43 on Friday. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.95. DIGITAL RLTY TR/SH has a 52 week low of $96.56 and a 52 week high of $125.10. The firm has a market cap of $23.19 billion, a PE ratio of 17.56, a price-to-earnings-growth ratio of 2.47 and a beta of 0.18.

DIGITAL RLTY TR/SH (NYSE:DLR) last posted its quarterly earnings results on Thursday, July 26th. The real estate investment trust reported $0.32 EPS for the quarter, missing analysts’ consensus estimates of $1.61 by ($1.29). DIGITAL RLTY TR/SH had a return on equity of 3.02% and a net margin of 9.79%. The business had revenue of $754.91 million for the quarter, compared to analyst estimates of $759.30 million. During the same period last year, the firm posted $1.54 EPS. DIGITAL RLTY TR/SH’s quarterly revenue was up 33.4% on a year-over-year basis. As a group, research analysts forecast that DIGITAL RLTY TR/SH will post 6.6 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, September 28th. Stockholders of record on Friday, September 14th were issued a dividend of $1.01 per share. The ex-dividend date was Thursday, September 13th. This represents a $4.04 dividend on an annualized basis and a dividend yield of 3.76%. DIGITAL RLTY TR/SH’s dividend payout ratio (DPR) is currently 65.80%.

A number of analysts have recently weighed in on DLR shares. Zacks Investment Research downgraded DIGITAL RLTY TR/SH from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 18th. Wells Fargo & Co reiterated a “buy” rating on shares of DIGITAL RLTY TR/SH in a research report on Friday, July 27th. Barclays upped their target price on DIGITAL RLTY TR/SH from $139.00 to $141.00 and gave the company an “overweight” rating in a research report on Thursday, August 2nd. Royal Bank of Canada reiterated a “buy” rating and set a $131.00 target price on shares of DIGITAL RLTY TR/SH in a research report on Monday, August 13th. Finally, Stifel Nicolaus upped their target price on DIGITAL RLTY TR/SH from $128.00 to $130.00 and gave the company a “buy” rating in a research report on Friday, July 27th. Eight analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $127.24.

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.

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Institutional Ownership by Quarter for DIGITAL RLTY TR/SH (NYSE:DLR)

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