Strs Ohio lessened its stake in DIGITAL RLTY TR/SH (NYSE:DLR) by 5.7% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 260,771 shares of the real estate investment trust’s stock after selling 15,688 shares during the period. Strs Ohio owned 0.13% of DIGITAL RLTY TR/SH worth $30,716,000 as of its most recent SEC filing.
A number of other hedge funds also recently bought and sold shares of DLR. Comerica Securities Inc. bought a new position in DIGITAL RLTY TR/SH in the 4th quarter worth $201,000. Dimensional Fund Advisors LP raised its holdings in DIGITAL RLTY TR/SH by 0.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 3,113,241 shares of the real estate investment trust’s stock worth $331,715,000 after purchasing an additional 11,115 shares in the last quarter. Geode Capital Management LLC raised its holdings in DIGITAL RLTY TR/SH by 7.2% in the 4th quarter. Geode Capital Management LLC now owns 3,250,993 shares of the real estate investment trust’s stock worth $345,892,000 after purchasing an additional 217,995 shares in the last quarter. Washington Trust Bank raised its holdings in DIGITAL RLTY TR/SH by 7.2% in the 1st quarter. Washington Trust Bank now owns 32,935 shares of the real estate investment trust’s stock worth $3,919,000 after purchasing an additional 2,207 shares in the last quarter. Finally, Huntington National Bank raised its holdings in DIGITAL RLTY TR/SH by 9.5% in the 1st quarter. Huntington National Bank now owns 59,182 shares of the real estate investment trust’s stock worth $7,042,000 after purchasing an additional 5,140 shares in the last quarter. Hedge funds and other institutional investors own 99.17% of the company’s stock.
DLR stock traded down $0.14 during trading on Wednesday, hitting $116.95. 283,929 shares of the stock traded hands, compared to its average volume of 1,058,050. DIGITAL RLTY TR/SH has a 1 year low of $100.05 and a 1 year high of $125.19. The stock has a 50 day simple moving average of $118.67. The stock has a market capitalization of $24.39 billion, a PE ratio of 17.72, a price-to-earnings-growth ratio of 2.55 and a beta of 0.43. The company has a current ratio of 0.36, a quick ratio of 0.05 and a debt-to-equity ratio of 1.16.
Several research analysts have commented on DLR shares. ValuEngine lowered shares of DIGITAL RLTY TR/SH from a “buy” rating to a “hold” rating in a report on Thursday, June 27th. Barclays restated a “buy” rating and issued a $143.00 price objective on shares of DIGITAL RLTY TR/SH in a report on Tuesday, April 16th. Jefferies Financial Group lowered shares of DIGITAL RLTY TR/SH from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $144.00 to $125.00 in a report on Tuesday, April 23rd. Argus initiated coverage on shares of DIGITAL RLTY TR/SH in a report on Wednesday, July 3rd. They issued a “buy” rating and a $140.00 price objective for the company. Finally, TheStreet upgraded shares of DIGITAL RLTY TR/SH from a “c+” rating to a “b” rating in a research note on Thursday, April 25th. Seven analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. DIGITAL RLTY TR/SH currently has a consensus rating of “Buy” and an average target price of $126.46.
In related news, Director Kevin Kennedy sold 300 shares of the stock in a transaction dated Thursday, June 20th. The shares were sold at an average price of $125.00, for a total transaction of $37,500.00. Following the sale, the director now directly owns 300 shares of the company’s stock, valued at approximately $37,500. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Edward F. Sham sold 11,400 shares of the stock in a transaction dated Monday, June 17th. The shares were sold at an average price of $122.00, for a total transaction of $1,390,800.00. Following the sale, the insider now directly owns 15,738 shares in the company, valued at $1,920,036. The disclosure for this sale can be found here. Corporate insiders own 0.49% of the company’s stock.
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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