Conning Inc. lifted its stake in DIGITAL RLTY TR/SH (NYSE:DLR) by 11.3% during the 1st quarter, Holdings Channel reports. The fund owned 3,551 shares of the real estate investment trust’s stock after buying an additional 360 shares during the period. Conning Inc.’s holdings in DIGITAL RLTY TR/SH were worth $423,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently made changes to their positions in the company. Winslow Evans & Crocker Inc. grew its stake in shares of DIGITAL RLTY TR/SH by 14.5% in the first 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 last quarter. JOYN Advisors Inc. boosted its stake in DIGITAL RLTY TR/SH by 13.7% during the fourth quarter. JOYN Advisors Inc. now owns 754 shares of the real estate investment trust’s stock worth $80,000 after buying an additional 91 shares in the last quarter. Kaizen Advisory LLC boosted its stake in DIGITAL RLTY TR/SH by 21.1% during the fourth quarter. Kaizen Advisory LLC now owns 551 shares of the real estate investment trust’s stock worth $59,000 after buying an additional 96 shares in the last quarter. Bessemer Group Inc. boosted its stake in DIGITAL RLTY TR/SH by 72.6% during the fourth quarter. Bessemer Group Inc. now owns 233 shares of the real estate investment trust’s stock worth $25,000 after buying an additional 98 shares in the last quarter. Finally, Parallel Advisors LLC boosted its stake in DIGITAL RLTY TR/SH by 5.1% during the fourth quarter. Parallel Advisors LLC now owns 2,185 shares of the real estate investment trust’s stock worth $232,000 after buying an additional 106 shares in the last quarter. Institutional investors and hedge funds own 99.17% of the company’s stock.

A number of research firms have weighed in on DLR. Raymond James downgraded shares of DIGITAL RLTY TR/SH from an “outperform” rating to a “market perform” rating and set a $120.00 price target on the stock. in a research note on Monday, March 25th. Jefferies Financial Group downgraded shares of DIGITAL RLTY TR/SH from a “buy” rating to a “hold” rating and decreased their price target for the stock from $144.00 to $125.00 in a research note on Tuesday. Barclays reiterated a “buy” rating and set a $143.00 price target on shares of DIGITAL RLTY TR/SH in a research note on Tuesday, April 16th. Zacks Investment Research upgraded shares of DIGITAL RLTY TR/SH from a “hold” rating to a “buy” rating and set a $135.00 price target on the stock in a research note on Thursday, April 11th. Finally, TheStreet downgraded shares of DIGITAL RLTY TR/SH from a “b-” rating to a “c+” rating in a research note on Wednesday, February 6th. Six equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $126.64.

In other DIGITAL RLTY TR/SH news, SVP Joshua A. Mills sold 10,000 shares of DIGITAL RLTY TR/SH stock in a transaction on Monday, April 1st. The stock was sold at an average price of $119.21, for a total transaction of $1,192,100.00. Following the completion of the transaction, the senior vice president now directly owns 14,166 shares of the company’s stock, valued at $1,688,728.86. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Kevin Kennedy sold 400 shares of DIGITAL RLTY TR/SH stock in a transaction on Friday, February 8th. The shares were sold at an average price of $110.13, for a total value of $44,052.00. Following the transaction, the director now directly owns 400 shares of the company’s stock, valued at $44,052. The disclosure for this sale can be found here. 0.49% of the stock is currently owned by company insiders.

Shares of NYSE DLR opened at $119.26 on Thursday. The firm has a market cap of $24.42 billion, a price-to-earnings ratio of 17.83, a P/E/G ratio of 2.47 and a beta of 0.48. DIGITAL RLTY TR/SH has a 52-week low of $100.05 and a 52-week high of $125.10. The company has a debt-to-equity ratio of 1.08, a current ratio of 0.21 and a quick ratio of 0.21.

DIGITAL RLTY TR/SH (NYSE:DLR) last issued its quarterly earnings data on Tuesday, February 5th. The real estate investment trust reported $0.15 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.67 by ($1.52). The company had revenue of $778.30 million for the quarter, compared to the consensus estimate of $789.59 million. DIGITAL RLTY TR/SH had a net margin of 10.87% and a return on equity of 3.58%. The firm’s revenue was up 6.4% compared to the same quarter last year. During the same period in the previous year, the business posted $0.26 earnings per share. As a group, sell-side analysts predict that DIGITAL RLTY TR/SH will post 6.68 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 15th were issued a dividend of $1.08 per share. The ex-dividend date of this dividend was Thursday, March 14th. This is a boost from DIGITAL RLTY TR/SH’s previous quarterly dividend of $1.01. This represents a $4.32 dividend on an annualized basis and a dividend yield of 3.62%. DIGITAL RLTY TR/SH’s dividend payout ratio (DPR) is presently 65.45%.

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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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