Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in DIGITAL RLTY TR/SH (NYSE:DLR) by 8.0% during the 1st quarter, HoldingsChannel.com reports. The fund owned 12,150 shares of the real estate investment trust’s stock after purchasing an additional 896 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in DIGITAL RLTY TR/SH were worth $1,446,000 as of its most recent filing with the SEC.
Other hedge funds also recently made changes to their positions in the company. Bessemer Group Inc. raised its position in DIGITAL RLTY TR/SH by 72.6% in the fourth quarter. Bessemer Group Inc. now owns 233 shares of the real estate investment trust’s stock worth $25,000 after acquiring an additional 98 shares during the period. Ruggie Capital Group bought a new stake in DIGITAL RLTY TR/SH in the fourth quarter worth about $28,000. FTB Advisors Inc. raised its position in DIGITAL RLTY TR/SH by 217.4% in the first quarter. FTB Advisors Inc. now owns 346 shares of the real estate investment trust’s stock worth $41,000 after acquiring an additional 237 shares during the period. Parkside Financial Bank & Trust raised its position in DIGITAL RLTY TR/SH by 223.7% in the fourth quarter. Parkside Financial Bank & Trust now owns 382 shares of the real estate investment trust’s stock worth $41,000 after acquiring an additional 264 shares during the period. Finally, We Are One Seven LLC bought a new stake in DIGITAL RLTY TR/SH in the fourth quarter worth about $42,000. 99.17% of the stock is currently owned by institutional investors and hedge funds.
NYSE DLR opened at $117.98 on Monday. DIGITAL RLTY TR/SH has a 12-month low of $100.05 and a 12-month high of $125.10. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.21 and a current ratio of 0.05. The company has a market capitalization of $24.57 billion, a PE ratio of 17.88, a price-to-earnings-growth ratio of 2.55 and a beta of 0.46.
The company also recently announced 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 is Thursday, June 13th. DIGITAL RLTY TR/SH’s dividend payout ratio (DPR) is presently 65.45%.
Several analysts have recently issued reports on DLR shares. TheStreet raised shares of DIGITAL RLTY TR/SH from a “c+” rating to a “b” rating in a research report on Thursday, April 25th. Barclays reissued a “buy” rating and issued a $143.00 price target on shares of DIGITAL RLTY TR/SH in a research report on Tuesday, April 16th. Zacks Investment Research raised shares of DIGITAL RLTY TR/SH from a “hold” rating to a “buy” rating and set a $135.00 price target on the stock in a research report on Thursday, April 11th. ValuEngine raised shares of DIGITAL RLTY TR/SH from a “hold” rating to a “buy” rating in a research report on Tuesday, February 19th. Finally, Stifel Nicolaus set a $130.00 price target on shares of DIGITAL RLTY TR/SH and gave the company a “buy” rating in a research report on Friday, April 26th. Seven analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $126.64.
In related news, 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 sale, the director now owns 400 shares of the company’s stock, valued at approximately $46,900. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Joshua A. Mills sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $119.21, for a total transaction of $1,192,100.00. Following the sale, the senior vice president now directly owns 14,166 shares in the company, valued at approximately $1,688,728.86. The disclosure for this sale can be found here. Insiders have sold a total of 27,633 shares of company stock worth $3,300,928 in the last ninety days. 0.49% of the stock is currently owned by insiders.
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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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