Sumitomo Mitsui Trust Holdings Inc. Has $105.84 Million Holdings in DIGITAL RLTY TR/SH (DLR)

Sumitomo Mitsui Trust Holdings Inc. decreased its position in DIGITAL RLTY TR/SH (NYSE:DLR) by 5.6% during the first quarter, HoldingsChannel.com reports. The fund owned 889,392 shares of the real estate investment trust’s stock after selling 52,308 shares during the quarter. Sumitomo Mitsui Trust Holdings Inc.’s holdings in DIGITAL RLTY TR/SH were worth $105,838,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. ETF Managers Group LLC increased its position in shares of DIGITAL RLTY TR/SH by 8.6% during the first quarter. ETF Managers Group LLC now owns 1,383 shares of the real estate investment trust’s stock valued at $165,000 after buying an additional 109 shares during the period. Buckingham Capital Management Inc. increased its position in DIGITAL RLTY TR/SH by 3.8% in the 1st quarter. Buckingham Capital Management Inc. now owns 34,281 shares of the real estate investment trust’s stock worth $4,079,000 after purchasing an additional 1,246 shares during the last quarter. Mason Street Advisors LLC increased its position in DIGITAL RLTY TR/SH by 1.9% in the 1st quarter. Mason Street Advisors LLC now owns 29,649 shares of the real estate investment trust’s stock worth $3,528,000 after purchasing an additional 566 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in DIGITAL RLTY TR/SH by 8.0% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 12,150 shares of the real estate investment trust’s stock worth $1,446,000 after purchasing an additional 896 shares during the last quarter. Finally, Stratos Wealth Partners LTD. increased its position in DIGITAL RLTY TR/SH by 2.9% in the 1st quarter. Stratos Wealth Partners LTD. now owns 21,722 shares of the real estate investment trust’s stock worth $2,585,000 after purchasing an additional 611 shares during the last quarter. Hedge funds and other institutional investors own 99.17% of the company’s stock.

DLR stock traded up $0.72 during trading on Wednesday, hitting $117.72. The company had a trading volume of 8,759 shares, compared to its average volume of 1,319,236. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.05 and a quick ratio of 0.21. The firm has a market cap of $24.50 billion, a price-to-earnings ratio of 17.86, a P/E/G ratio of 2.55 and a beta of 0.46. DIGITAL RLTY TR/SH has a fifty-two week low of $100.05 and a fifty-two week high of $125.10.

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

The business also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be paid a $1.08 dividend. This represents a $4.32 annualized dividend and a yield of 3.67%. The ex-dividend date of this dividend is Thursday, June 13th. DIGITAL RLTY TR/SH’s dividend payout ratio is 65.45%.

A number of research analysts have recently commented on DLR shares. Stifel Nicolaus set a $130.00 price objective on DIGITAL RLTY TR/SH and gave the company a “buy” rating in a report on Friday, April 26th. TheStreet downgraded DIGITAL RLTY TR/SH from a “b-” rating to a “c+” rating in a research report on Wednesday, February 6th. ValuEngine downgraded DIGITAL RLTY TR/SH from a “buy” rating to a “hold” rating in a research report on Tuesday, April 9th. BMO Capital Markets reaffirmed a “hold” rating and issued a $115.00 price target on shares of DIGITAL RLTY TR/SH in a research report on Wednesday, February 6th. Finally, Zacks Investment Research downgraded DIGITAL RLTY TR/SH from a “buy” rating to a “hold” rating in a research report on Thursday, April 25th. Seven equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. DIGITAL RLTY TR/SH has an average rating of “Hold” and a consensus target price of $126.64.

In related news, Director Kevin Kennedy sold 400 shares of the business’s stock in a transaction on Wednesday, May 8th. The stock was sold at an average price of $117.25, for a total value of $46,900.00. Following the sale, the director now owns 400 shares of the company’s stock, valued at approximately $46,900. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Edward F. Sham sold 17,233 shares of the business’s stock in a transaction on Monday, May 6th. The shares were sold at an average price of $119.65, for a total value of $2,061,928.45. Following the completion of the sale, the insider now directly owns 21,571 shares in the company, valued at approximately $2,580,970.15. The disclosure for this sale can be found here. In the last ninety days, insiders sold 27,633 shares of company stock worth $3,300,928. 0.49% of the stock is 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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Institutional Ownership by Quarter for DIGITAL RLTY TR/SH (NYSE:DLR)

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