Royal London Asset Management Ltd. Reduces Stake in DIGITAL RLTY TR/SH (DLR)
Royal London Asset Management Ltd. cut its position in DIGITAL RLTY TR/SH (NYSE:DLR) by 3.6% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 83,060 shares of the real estate investment trust’s stock after selling 3,066 shares during the quarter. Royal London Asset Management Ltd.’s holdings in DIGITAL RLTY TR/SH were worth $9,339,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Norinchukin Bank The grew its stake in DIGITAL RLTY TR/SH by 12.3% during the 3rd quarter. Norinchukin Bank The now owns 28,007 shares of the real estate investment trust’s stock worth $3,150,000 after purchasing an additional 3,073 shares in the last quarter. Redpoint Investment Management Pty Ltd grew its stake in DIGITAL RLTY TR/SH by 306.0% during the 3rd quarter. Redpoint Investment Management Pty Ltd now owns 14,861 shares of the real estate investment trust’s stock worth $1,672,000 after purchasing an additional 11,201 shares in the last quarter. Brasada Capital Management LP grew its stake in DIGITAL RLTY TR/SH by 30.4% during the 3rd quarter. Brasada Capital Management LP now owns 20,540 shares of the real estate investment trust’s stock worth $2,310,000 after purchasing an additional 4,790 shares in the last quarter. Candriam Luxembourg S.C.A. grew its stake in DIGITAL RLTY TR/SH by 7.3% during the 3rd quarter. Candriam Luxembourg S.C.A. now owns 13,948 shares of the real estate investment trust’s stock worth $1,569,000 after purchasing an additional 948 shares in the last quarter. Finally, Nomura Asset Management Co. Ltd. grew its stake in DIGITAL RLTY TR/SH by 3.3% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 158,001 shares of the real estate investment trust’s stock worth $17,772,000 after purchasing an additional 5,050 shares in the last quarter. 98.34% of the stock is owned by institutional investors and hedge funds.
In other news, CTO Christopher Sharp sold 5,000 shares of the business’s stock in a transaction dated Monday, November 12th. The stock was sold at an average price of $110.00, for a total value of $550,000.00. Following the completion of the sale, the chief technology officer now directly owns 6,062 shares of the company’s stock, valued at approximately $666,820. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.43% of the stock is currently owned by insiders.
DIGITAL RLTY TR/SH (NYSE:DLR) last posted its earnings results on Thursday, October 25th. The real estate investment trust reported $0.33 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.62 by ($1.29). DIGITAL RLTY TR/SH had a net margin of 11.78% and a return on equity of 3.96%. The firm had revenue of $768.92 million during the quarter, compared to analysts’ expectations of $773.08 million. On average, equities research analysts expect that DIGITAL RLTY TR/SH will post 6.6 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 15th. Stockholders of record on Friday, December 14th will be issued a $1.01 dividend. This represents a $4.04 annualized dividend and a dividend yield of 3.74%. The ex-dividend date of this dividend is Thursday, December 13th. DIGITAL RLTY TR/SH’s payout ratio is currently 65.80%.
Several research analysts recently commented on DLR shares. Royal Bank of Canada reissued a “buy” rating and set a $131.00 target price on shares of DIGITAL RLTY TR/SH in a research note on Monday, August 13th. Zacks Investment Research raised DIGITAL RLTY TR/SH from a “hold” rating to a “buy” rating and set a $136.00 price target for the company in a report on Tuesday, July 31st. Citigroup decreased their price target on DIGITAL RLTY TR/SH from $131.00 to $126.00 and set a “buy” rating for the company in a report on Tuesday, November 6th. Berenberg Bank initiated coverage on DIGITAL RLTY TR/SH in a report on Thursday, September 20th. They set a “hold” rating and a $127.00 price target for the company. Finally, Wells Fargo & Co reaffirmed a “buy” rating on shares of DIGITAL RLTY TR/SH in a report on Friday, July 27th. Seven investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $126.06.
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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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