Sterling Capital Management LLC lifted its holdings in shares of DIGITAL RLTY TR/SH (NYSE:DLR) by 22.5% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 37,002 shares of the real estate investment trust’s stock after buying an additional 6,800 shares during the period. Sterling Capital Management LLC’s holdings in DIGITAL RLTY TR/SH were worth $4,129,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Assetmark Inc. raised its holdings in DIGITAL RLTY TR/SH by 54.6% during the first quarter. Assetmark Inc. now owns 1,744 shares of the real estate investment trust’s stock worth $184,000 after purchasing an additional 616 shares in the last quarter. Synovus Financial Corp purchased a new position in DIGITAL RLTY TR/SH during the first quarter worth about $187,000. TLP Group LLC purchased a new position in DIGITAL RLTY TR/SH during the first quarter worth about $199,000. Commonwealth Bank of Australia increased its holdings in DIGITAL RLTY TR/SH by 66.5% in the second quarter. Commonwealth Bank of Australia now owns 1,956 shares of the real estate investment trust’s stock valued at $216,000 after buying an additional 781 shares in the last quarter. Finally, Lincoln National Corp purchased a new position in DIGITAL RLTY TR/SH in the second quarter valued at about $216,000. Institutional investors and hedge funds own 98.45% of the company’s stock.

In related news, SVP Joshua A. Mills sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, June 26th. The shares were sold at an average price of $110.00, for a total transaction of $550,000.00. Following the sale, the senior vice president now owns 9,166 shares in the company, valued at $1,008,260. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Edward F. Sham sold 10,435 shares of the firm’s stock in a transaction that occurred on Friday, July 6th. The stock was sold at an average price of $115.00, for a total transaction of $1,200,025.00. Following the sale, the insider now owns 6,207 shares in the company, valued at approximately $713,805. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 20,435 shares of company stock worth $2,318,775. 0.43% of the stock is owned by company insiders.

A number of research analysts have issued reports on the stock. Royal Bank of Canada reaffirmed a “buy” rating and issued a $131.00 target price on shares of DIGITAL RLTY TR/SH in a report on Monday, August 13th. Zacks Investment Research cut shares of DIGITAL RLTY TR/SH from a “buy” rating to a “hold” rating in a report on Thursday, August 9th. Credit Suisse Group set a $130.00 target price on shares of DIGITAL RLTY TR/SH and gave the company a “hold” rating in a report on Wednesday, August 8th. Barclays increased their target price on shares of DIGITAL RLTY TR/SH from $139.00 to $141.00 and gave the company an “overweight” rating in a report on Thursday, August 2nd. Finally, BMO Capital Markets increased their target price on shares of DIGITAL RLTY TR/SH from $120.00 to $124.00 and gave the company a “market perform” rating in a report on Monday, July 30th. Eight investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $127.25.

Shares of DLR opened at $122.66 on Friday. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.30 and a quick ratio of 0.30. DIGITAL RLTY TR/SH has a 1-year low of $96.56 and a 1-year high of $125.10. The company has a market cap of $25.33 billion, a PE ratio of 19.98, a price-to-earnings-growth ratio of 2.71 and a beta of 0.14.

DIGITAL RLTY TR/SH (NYSE:DLR) last issued its quarterly earnings data on Thursday, July 26th. The real estate investment trust reported $0.32 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.61 by ($1.29). DIGITAL RLTY TR/SH had a return on equity of 3.02% and a net margin of 9.79%. The business had revenue of $754.91 million for the quarter, compared to analysts’ expectations of $759.30 million. During the same period last year, the business earned $1.54 earnings per share. The company’s revenue for the quarter was up 33.4% on a year-over-year basis. sell-side analysts expect that DIGITAL RLTY TR/SH will post 6.6 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 28th. Investors of record on Friday, September 14th will be given a dividend of $1.01 per share. The ex-dividend date is Thursday, September 13th. This represents a $4.04 dividend on an annualized basis and a yield of 3.29%. DIGITAL RLTY TR/SH’s dividend payout ratio (DPR) is currently 65.80%.

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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Institutional Ownership by Quarter for DIGITAL RLTY TR/SH (NYSE:DLR)

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