BLB&B Advisors LLC Sells 2,715 Shares of DIGITAL RLTY TR/SH (NYSE:DLR)

BLB&B Advisors LLC lessened its position in DIGITAL RLTY TR/SH (NYSE:DLR) by 24.5% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 8,353 shares of the real estate investment trust’s stock after selling 2,715 shares during the period. BLB&B Advisors LLC’s holdings in DIGITAL RLTY TR/SH were worth $994,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. Gulf International Bank UK Ltd grew its stake in shares of DIGITAL RLTY TR/SH by 1.1% in the first quarter. Gulf International Bank UK Ltd now owns 50,550 shares of the real estate investment trust’s stock worth $6,015,000 after acquiring an additional 550 shares during the period. Pennsylvania Trust Co grew its position in DIGITAL RLTY TR/SH by 7.5% during the first quarter. Pennsylvania Trust Co now owns 36,558 shares of the real estate investment trust’s stock valued at $4,350,000 after buying an additional 2,550 shares during the period. Telos Capital Management Inc. grew its position in DIGITAL RLTY TR/SH by 4.3% during the first quarter. Telos Capital Management Inc. now owns 19,752 shares of the real estate investment trust’s stock valued at $2,351,000 after buying an additional 823 shares during the period. IFM Investors Pty Ltd grew its position in DIGITAL RLTY TR/SH by 9.8% during the first quarter. IFM Investors Pty Ltd now owns 13,090 shares of the real estate investment trust’s stock valued at $1,558,000 after buying an additional 1,166 shares during the period. Finally, Nisa Investment Advisors LLC boosted its position in shares of DIGITAL RLTY TR/SH by 25.9% in the first quarter. Nisa Investment Advisors LLC now owns 60,330 shares of the real estate investment trust’s stock worth $7,179,000 after purchasing an additional 12,400 shares during the period. 99.17% of the stock is currently owned by institutional investors and hedge funds.

A number of research firms have weighed in on DLR. Zacks Investment Research upgraded shares of DIGITAL RLTY TR/SH from a “hold” rating to a “buy” rating and set a $135.00 price target for the company in a research report on Thursday, April 11th. TheStreet raised shares of DIGITAL RLTY TR/SH from a “c+” rating to a “b” rating in a report on Thursday, April 25th. Barclays reissued a “buy” rating and issued a $143.00 target price on shares of DIGITAL RLTY TR/SH in a report on Tuesday, April 16th. Jefferies Financial Group downgraded shares of DIGITAL RLTY TR/SH from a “buy” rating to a “hold” rating and decreased their price target for the company from $144.00 to $125.00 in a research note on Tuesday, April 23rd. Finally, Raymond James downgraded shares of DIGITAL RLTY TR/SH from an “outperform” rating to a “market perform” rating and set a $120.00 price target on the stock. in a research note on Monday, March 25th. Seven investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. DIGITAL RLTY TR/SH presently has an average rating of “Hold” and a consensus target price of $126.64.

Shares of DIGITAL RLTY TR/SH stock opened at $117.58 on Friday. The company has a current ratio of 0.50, a quick ratio of 0.21 and a debt-to-equity ratio of 1.08. DIGITAL RLTY TR/SH has a 1 year low of $100.05 and a 1 year high of $125.10. The stock has a market cap of $24.48 billion, a price-to-earnings ratio of 17.82, a price-to-earnings-growth ratio of 2.54 and a beta of 0.46.

DIGITAL RLTY TR/SH (NYSE:DLR) last issued its earnings results on Thursday, April 25th. The real estate investment trust reported $1.73 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.65 by $0.08. The company had revenue of $814.50 million for the quarter, compared to analysts’ expectations of $800.13 million. DIGITAL RLTY TR/SH had a net margin of 10.95% and a return on equity of 3.27%. The firm’s quarterly revenue was up 9.4% on a year-over-year basis. During the same period in the prior year, the business earned $1.63 EPS. As a group, equities research analysts forecast that DIGITAL RLTY TR/SH will post 6.67 earnings per share for the current fiscal year.

In related news, SVP Joshua A. Mills sold 10,000 shares of the stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $119.21, for a total value of $1,192,100.00. Following the completion of the transaction, the senior vice president now directly owns 14,166 shares of the company’s stock, valued at approximately $1,688,728.86. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Kevin Kennedy sold 400 shares of the stock in a transaction that occurred on Wednesday, May 8th. The shares were sold at an average price of $117.25, for a total transaction of $46,900.00. Following the completion of the transaction, the director now directly owns 400 shares of the company’s stock, valued at $46,900. The disclosure for this sale can be found here. Over the last three months, insiders have sold 27,633 shares of company stock valued at $3,300,928. Insiders own 0.49% of the company’s stock.

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

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