Asset Planning Services Inc. LA ADV increased its stake in DIGITAL RLTY TR/SH (NYSE:DLR) by 1.3% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 40,465 shares of the real estate investment trust’s stock after acquiring an additional 500 shares during the quarter. DIGITAL RLTY TR/SH comprises 3.1% of Asset Planning Services Inc. LA ADV’s holdings, making the stock its 16th largest holding. Asset Planning Services Inc. LA ADV’s holdings in DIGITAL RLTY TR/SH were worth $4,552,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors also recently bought and sold shares of the company. Centaurus Financial Inc. bought a new stake in shares of DIGITAL RLTY TR/SH during the second quarter valued at approximately $103,000. Winslow Evans & Crocker Inc. boosted its position in shares of DIGITAL RLTY TR/SH by 105.5% during the third quarter. Winslow Evans & Crocker Inc. now owns 1,118 shares of the real estate investment trust’s stock valued at $128,000 after buying an additional 574 shares during the last quarter. Qube Research & Technologies Ltd boosted its position in shares of DIGITAL RLTY TR/SH by 378.1% during the second quarter. Qube Research & Technologies Ltd now owns 1,200 shares of the real estate investment trust’s stock valued at $134,000 after buying an additional 949 shares during the last quarter. NEXT Financial Group Inc purchased a new position in shares of DIGITAL RLTY TR/SH during the third quarter valued at approximately $156,000. Finally, TRUE Private Wealth Advisors purchased a new position in shares of DIGITAL RLTY TR/SH during the third quarter valued at approximately $176,000. 99.10% of the stock is currently owned by institutional investors.
Shares of NYSE DLR traded up $0.85 during trading on Monday, reaching $115.89. 1,085,300 shares of the stock traded hands, compared to its average volume of 1,351,069. DIGITAL RLTY TR/SH has a 52-week low of $96.56 and a 52-week high of $125.10. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.34 and a quick ratio of 0.34. The stock has a market capitalization of $23.73 billion, a PE ratio of 18.88, a P/E/G ratio of 2.53 and a beta of 0.44.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 15th. Investors of record on Friday, December 14th will be paid a dividend of $1.01 per share. The ex-dividend date of this dividend is Thursday, December 13th. This represents a $4.04 dividend on an annualized basis and a dividend yield of 3.49%. DIGITAL RLTY TR/SH’s payout ratio is 65.80%.
In related news, CTO Christopher Sharp sold 5,000 shares of the business’s stock in a transaction on Monday, November 12th. The stock was sold at an average price of $110.00, for a total transaction of $550,000.00. Following the sale, the chief technology officer now directly owns 6,062 shares in the company, valued at approximately $666,820. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.43% of the company’s stock.
Several brokerages recently issued reports 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. 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. Berenberg Bank began coverage on DIGITAL RLTY TR/SH in a research report on Thursday, September 20th. They issued a “hold” rating and a $127.00 price objective on the stock. Royal Bank of Canada reissued a “buy” rating and issued a $131.00 price objective on shares of DIGITAL RLTY TR/SH in a research report on Monday, August 13th. Finally, Guggenheim raised DIGITAL RLTY TR/SH from a “neutral” rating to a “buy” rating and set a $125.00 price objective on the stock in a research report on Monday, October 22nd. Seven equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. DIGITAL RLTY TR/SH has a consensus rating of “Buy” and an average price target of $125.47.
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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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