Weaver Consulting Group Has $31,000 Holdings in DIGITAL RLTY TR/SH (NYSE:DLR)

Weaver Consulting Group cut its position in DIGITAL RLTY TR/SH (NYSE:DLR) by 97.6% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 259 shares of the real estate investment trust’s stock after selling 10,541 shares during the period. Weaver Consulting Group’s holdings in DIGITAL RLTY TR/SH were worth $31,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Forte Capital LLC ADV bought a new position in shares of DIGITAL RLTY TR/SH in the second quarter worth about $1,199,000. Janus Henderson Group PLC raised its stake in shares of DIGITAL RLTY TR/SH by 39.6% in the first quarter. Janus Henderson Group PLC now owns 692,207 shares of the real estate investment trust’s stock worth $82,374,000 after acquiring an additional 196,481 shares during the last quarter. Perella Weinberg Partners Capital Management LP bought a new position in shares of DIGITAL RLTY TR/SH in the first quarter worth about $3,717,000. PNC Financial Services Group Inc. raised its stake in shares of DIGITAL RLTY TR/SH by 1.3% during the first quarter. PNC Financial Services Group Inc. now owns 27,644 shares of the real estate investment trust’s stock worth $3,288,000 after buying an additional 364 shares during the last quarter. Finally, Lantz Financial LLC raised its stake in shares of DIGITAL RLTY TR/SH by 1.7% during the second quarter. Lantz Financial LLC now owns 11,331 shares of the real estate investment trust’s stock worth $1,350,000 after buying an additional 185 shares during the last quarter. Hedge funds and other institutional investors own 99.23% of the company’s stock.

In other DIGITAL RLTY TR/SH news, insider Edward F. Sham sold 11,400 shares of the company’s stock in a transaction that occurred on Monday, June 17th. The shares were sold at an average price of $122.00, for a total value of $1,390,800.00. Following the completion of the sale, the insider now owns 15,738 shares of the company’s stock, valued at $1,920,036. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Kevin Kennedy sold 400 shares of the company’s stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $118.26, for a total transaction of $47,304.00. Following the completion of the sale, the director now directly owns 400 shares of the company’s stock, valued at approximately $47,304. The disclosure for this sale can be found here. Insiders sold 12,100 shares of company stock valued at $1,475,604 in the last ninety days. Insiders own 0.49% of the company’s stock.

NYSE:DLR traded down $0.07 during trading hours on Tuesday, hitting $124.26. The stock had a trading volume of 5,533 shares, compared to its average volume of 1,156,018. DIGITAL RLTY TR/SH has a one year low of $100.05 and a one year high of $125.19. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.36 and a current ratio of 0.36. The company has a market cap of $25.77 billion, a price-to-earnings ratio of 18.77, a P/E/G ratio of 2.69 and a beta of 0.43. The business’s 50 day moving average is $118.61 and its 200-day moving average is $117.72.

DIGITAL RLTY TR/SH (NYSE:DLR) last issued its earnings results on Tuesday, July 30th. The real estate investment trust reported $0.15 EPS for the quarter, missing the Thomson Reuters’ 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 firm had revenue of $801.00 million during the quarter, compared to the consensus estimate of $807.48 million. During the same period in the previous year, the company posted $1.66 EPS. The firm’s revenue for the quarter was up 6.1% on a year-over-year basis. On average, sell-side analysts anticipate that DIGITAL RLTY TR/SH will post 6.64 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 13th will be paid a $1.08 dividend. This represents a $4.32 annualized dividend and a yield of 3.48%. The ex-dividend date is Thursday, September 12th. DIGITAL RLTY TR/SH’s payout ratio is presently 65.45%.

DLR has been the subject of a number of recent research reports. ValuEngine downgraded shares of DIGITAL RLTY TR/SH from a “buy” rating to a “hold” rating in a research note on Thursday, June 27th. Stifel Nicolaus set a $130.00 price target on shares of DIGITAL RLTY TR/SH and gave the stock a “buy” rating in a research note on Friday, April 26th. Jefferies Financial Group downgraded shares of DIGITAL RLTY TR/SH from a “buy” rating to a “hold” rating and dropped their price target for the stock from $144.00 to $125.00 in a research note on Tuesday, April 23rd. Zacks Investment Research raised shares of DIGITAL RLTY TR/SH from a “sell” rating to a “hold” rating and set a $125.00 price target for the company in a research note on Friday, June 28th. Finally, Cowen set a $125.00 price target on shares of DIGITAL RLTY TR/SH and gave the stock a “hold” rating in a research note on Wednesday, July 31st. Seven investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. DIGITAL RLTY TR/SH has a consensus rating of “Buy” and a consensus target price of $126.92.

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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