Sun Life Financial INC Increases Holdings in Digital Realty Trust, Inc. (DLR)
Sun Life Financial INC raised its holdings in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 12,844.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,165 shares of the real estate investment trust’s stock after acquiring an additional 1,156 shares during the period. Sun Life Financial INC’s holdings in Digital Realty Trust were worth $132,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Cipher Capital LP acquired a new stake in shares of Digital Realty Trust in the first quarter worth $215,000. WBI Investments Inc. raised its holdings in shares of Digital Realty Trust by 2.0% during the first quarter. WBI Investments Inc. now owns 42,795 shares of the real estate investment trust’s stock worth $4,553,000 after purchasing an additional 848 shares during the last quarter. Venturi Wealth Management LLC purchased a new position in shares of Digital Realty Trust during the first quarter worth $277,000. Westpac Banking Corp raised its holdings in shares of Digital Realty Trust by 6.9% during the first quarter. Westpac Banking Corp now owns 30,289 shares of the real estate investment trust’s stock worth $3,121,000 after purchasing an additional 1,946 shares during the last quarter. Finally, Muzinich & Co. Inc. raised its holdings in shares of Digital Realty Trust by 37.1% during the first quarter. Muzinich & Co. Inc. now owns 1,414 shares of the real estate investment trust’s stock worth $150,000 after purchasing an additional 383 shares during the last quarter.
In related news, Director William G. Laperch bought 1,200 shares of the firm’s stock in a transaction on Monday, August 7th. The shares were bought at an average cost of $25.00 per share, for a total transaction of $30,000.00. Following the transaction, the director now owns 1,200 shares of the company’s stock, valued at $30,000. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Christopher Sharp sold 25,733 shares of the business’s stock in a transaction on Wednesday, August 16th. The stock was sold at an average price of $116.44, for a total transaction of $2,996,350.52. Following the sale, the insider now owns 25,733 shares in the company, valued at $2,996,350.52. The disclosure for this sale can be found here. Corporate insiders own 0.40% of the company’s stock.
A number of research firms recently issued reports on DLR. Royal Bank Of Canada boosted their target price on shares of Digital Realty Trust from $127.00 to $133.00 and gave the company an “outperform” rating in a research report on Wednesday. KeyCorp reaffirmed a “buy” rating and set a $130.00 price target on shares of Digital Realty Trust in a research report on Tuesday, September 26th. Citigroup Inc. reaffirmed a “neutral” rating and set a $127.00 price target on shares of Digital Realty Trust in a research report on Tuesday, September 26th. William Blair started coverage on Digital Realty Trust in a research note on Friday, September 22nd. They set a “market perform” rating for the company. Finally, Jefferies Group LLC reiterated a “hold” rating and set a $119.00 price objective on shares of Digital Realty Trust in a research note on Friday, September 15th. Nine investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $121.00.
Digital Realty Trust, Inc. (NYSE DLR) traded down 0.26% during midday trading on Wednesday, reaching $116.20. 99,713 shares of the company were exchanged. Digital Realty Trust, Inc. has a 52-week low of $85.63 and a 52-week high of $127.23. The company has a 50 day moving average of $117.81 and a 200-day moving average of $114.28. The company has a market capitalization of $18.85 billion, a price-to-earnings ratio of 47.20 and a beta of 0.01.
Digital Realty Trust (NYSE:DLR) last posted its quarterly earnings results on Thursday, July 27th. The real estate investment trust reported $1.54 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.49 by $0.05. Digital Realty Trust had a return on equity of 12.39% and a net margin of 21.27%. The firm had revenue of $565.99 million for the quarter, compared to the consensus estimate of $559.93 million. During the same period in the previous year, the business earned $1.42 earnings per share. The company’s revenue for the quarter was up 9.9% compared to the same quarter last year. On average, equities research analysts anticipate that Digital Realty Trust, Inc. will post $1.51 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Friday, September 15th were given a $0.93 dividend. This represents a $3.72 annualized dividend and a yield of 3.19%. The ex-dividend date was Thursday, September 14th. Digital Realty Trust’s payout ratio is 148.21%.
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About Digital Realty Trust
Digital Realty Trust, Inc is a real estate investment trust (REIT). The Company is engaged in the business of owning, acquiring, developing and operating data centers. The Company is focused on providing data center and colocation solutions for domestic and international tenants across a range of industry verticals ranging from financial services, cloud and information technology services, to manufacturing, energy, healthcare and consumer products.
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