DIGITAL RLTY TR/SH (DLR) Shares Sold by CIBC Asset Management Inc

CIBC Asset Management Inc cut its stake in DIGITAL RLTY TR/SH (NYSE:DLR) by 5.7% in the first quarter, Holdings Channel reports. The fund owned 20,721 shares of the real estate investment trust’s stock after selling 1,243 shares during the period. CIBC Asset Management Inc’s holdings in DIGITAL RLTY TR/SH were worth $2,466,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Pacer Advisors Inc. raised its stake in shares of DIGITAL RLTY TR/SH by 1,022.6% in the first quarter. Pacer Advisors Inc. now owns 27,987 shares of the real estate investment trust’s stock worth $3,331,000 after acquiring an additional 25,494 shares during the last quarter. Resources Management Corp CT ADV grew its position in shares of DIGITAL RLTY TR/SH by 7.2% during the 4th quarter. Resources Management Corp CT ADV now owns 9,583 shares of the real estate investment trust’s stock worth $1,021,000 after buying an additional 640 shares during the period. Spectrum Management Group Inc. grew its position in shares of DIGITAL RLTY TR/SH by 8.6% during the 1st quarter. Spectrum Management Group Inc. now owns 18,980 shares of the real estate investment trust’s stock worth $2,259,000 after buying an additional 1,500 shares during the period. First Trust Advisors LP grew its position in shares of DIGITAL RLTY TR/SH by 5.1% during the 4th quarter. First Trust Advisors LP now owns 41,616 shares of the real estate investment trust’s stock worth $4,434,000 after buying an additional 2,030 shares during the period. Finally, Ferguson Wellman Capital Management Inc. grew its position in shares of DIGITAL RLTY TR/SH by 267.4% during the 1st quarter. Ferguson Wellman Capital Management Inc. now owns 337,496 shares of the real estate investment trust’s stock worth $40,162,000 after buying an additional 245,639 shares during the period. 99.17% of the stock is owned by institutional investors.

Several equities research analysts have recently commented on DLR shares. ValuEngine cut shares of DIGITAL RLTY TR/SH from a “buy” rating to a “hold” rating in a research report on Tuesday, April 9th. BMO Capital Markets reiterated a “hold” rating and set a $115.00 price target on shares of DIGITAL RLTY TR/SH in a research report on Wednesday, February 6th. Barclays reiterated a “buy” rating and set a $143.00 price target on shares of DIGITAL RLTY TR/SH in a research report on Tuesday, April 16th. 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. Finally, TheStreet cut shares of DIGITAL RLTY TR/SH from a “b-” rating to a “c+” rating in a research report on Wednesday, February 6th. Seven research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $126.64.

In other news, SVP Joshua A. Mills sold 10,000 shares of the company’s 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 owns 14,166 shares in the company, valued at $1,688,728.86. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Kevin Kennedy sold 400 shares of the company’s 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 owns 400 shares of the company’s stock, valued at approximately $46,900. The disclosure for this sale can be found here. Insiders sold 27,633 shares of company stock valued at $3,300,928 in the last quarter. Corporate insiders own 0.49% of the company’s stock.

Shares of NYSE DLR opened at $117.98 on Friday. The company has a market cap of $24.57 billion, a P/E ratio of 17.61, a PEG ratio of 2.55 and a beta of 0.46. The company has a quick ratio of 0.21, a current ratio of 0.05 and a debt-to-equity ratio of 0.18. DIGITAL RLTY TR/SH has a 52-week low of $100.05 and a 52-week high of $125.10.

DIGITAL RLTY TR/SH (NYSE:DLR) last issued its quarterly earnings data on Thursday, April 25th. The real estate investment trust reported $1.73 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.65 by $0.08. The firm had revenue of $814.50 million during 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 business’s revenue for the quarter was up 9.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.63 earnings per share. As a group, equities research analysts predict that DIGITAL RLTY TR/SH will post 6.67 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be issued a dividend of $1.08 per share. This represents a $4.32 dividend on an annualized basis and a yield of 3.66%. The ex-dividend date of this dividend is Thursday, June 13th. DIGITAL RLTY TR/SH’s dividend payout ratio is currently 65.45%.

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

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