Washington Trust Bank Sells 532 Shares of DIGITAL RLTY TR/SH (NYSE:DLR)

Washington Trust Bank decreased its holdings in shares of DIGITAL RLTY TR/SH (NYSE:DLR) by 1.6% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 32,403 shares of the real estate investment trust’s stock after selling 532 shares during the period. Washington Trust Bank’s holdings in DIGITAL RLTY TR/SH were worth $3,817,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. FTB Advisors Inc. grew its holdings in shares of DIGITAL RLTY TR/SH by 217.4% during the 1st 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. Manchester Financial Inc. purchased a new position in shares of DIGITAL RLTY TR/SH during the 2nd quarter worth approximately $46,000. Princeton Global Asset Management LLC purchased a new position in shares of DIGITAL RLTY TR/SH during the 1st quarter worth approximately $51,000. Bremer Bank National Association purchased a new position in shares of DIGITAL RLTY TR/SH during the 1st quarter worth approximately $56,000. Finally, Winslow Evans & Crocker Inc. grew its holdings in shares of DIGITAL RLTY TR/SH by 14.5% during the 1st quarter. Winslow Evans & Crocker Inc. now owns 696 shares of the real estate investment trust’s stock worth $86,000 after acquiring an additional 88 shares during the period. 99.17% of the stock is owned by institutional investors.

In other DIGITAL RLTY TR/SH news, Director Kevin Kennedy sold 300 shares of the company’s stock in a transaction dated Thursday, June 20th. The shares were sold at an average price of $125.00, for a total value of $37,500.00. Following the completion of 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 filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Edward F. Sham sold 11,400 shares of the company’s 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 completion of the sale, the insider now directly owns 15,738 shares of the company’s stock, valued at $1,920,036. The disclosure for this sale can be found here. 0.49% of the stock is currently owned by corporate insiders.

NYSE DLR traded up $0.82 on Wednesday, reaching $117.91. The company’s stock had a trading volume of 64,424 shares, compared to its average volume of 1,058,050. DIGITAL RLTY TR/SH has a twelve month low of $100.05 and a twelve month high of $125.19. The company has a current ratio of 0.36, a quick ratio of 0.05 and a debt-to-equity ratio of 1.16. The company has a market capitalization of $24.44 billion, a PE ratio of 17.86, a PEG ratio of 2.55 and a beta of 0.43. The business has a 50 day moving average price of $118.67.

DIGITAL RLTY TR/SH (NYSE:DLR) last issued its quarterly earnings results on Tuesday, July 30th. The real estate investment trust reported $0.15 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.63 by ($1.48). DIGITAL RLTY TR/SH had a net margin of 10.00% and a return on equity of 3.01%. The business had revenue of $801.00 million during the quarter, compared to analyst estimates of $807.48 million. During the same period in the previous year, the company posted $1.66 earnings per share. DIGITAL RLTY TR/SH’s revenue was up 6.1% compared to the same quarter last year. As a group, sell-side analysts anticipate that DIGITAL RLTY TR/SH will post 6.64 EPS for the current fiscal year.

A number of brokerages have issued reports on DLR. Raymond James upgraded shares of DIGITAL RLTY TR/SH from a “market perform” rating to an “outperform” rating and set a $116.00 target price for the company in a research report on Thursday, June 6th. TheStreet upgraded shares of DIGITAL RLTY TR/SH from a “c+” rating to a “b” rating in a research report on Thursday, April 25th. Cowen set a $125.00 price target on shares of DIGITAL RLTY TR/SH and gave the stock a “hold” rating in a research report on Wednesday, July 31st. Argus began coverage on shares of DIGITAL RLTY TR/SH in a research report on Wednesday, July 3rd. They issued a “buy” rating and a $140.00 target price for the company. Finally, ValuEngine lowered shares of DIGITAL RLTY TR/SH from a “buy” rating to a “hold” rating in a research report on Thursday, June 27th. Seven analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $126.46.

DIGITAL RLTY TR/SH Company 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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