Centaurus Financial Inc. Purchases New Position in DIGITAL RLTY TR/SH (DLR)

Centaurus Financial Inc. purchased a new position in shares of DIGITAL RLTY TR/SH (NYSE:DLR) in the 2nd quarter, HoldingsChannel reports. The institutional investor purchased 919 shares of the real estate investment trust’s stock, valued at approximately $103,000.

Other hedge funds have also recently bought and sold shares of the company. Assetmark Inc. grew its stake in shares of DIGITAL RLTY TR/SH by 54.6% during the 1st quarter. Assetmark Inc. now owns 1,744 shares of the real estate investment trust’s stock worth $184,000 after acquiring an additional 616 shares during the period. TLP Group LLC bought a new position in shares of DIGITAL RLTY TR/SH during the 1st quarter worth $199,000. Lincoln National Corp bought a new position in shares of DIGITAL RLTY TR/SH during the 2nd quarter worth $216,000. Commonwealth Bank of Australia grew its stake in shares of DIGITAL RLTY TR/SH by 66.5% during the 2nd quarter. Commonwealth Bank of Australia now owns 1,956 shares of the real estate investment trust’s stock worth $216,000 after acquiring an additional 781 shares during the period. Finally, Parallel Advisors LLC grew its stake in shares of DIGITAL RLTY TR/SH by 26.5% during the 2nd quarter. Parallel Advisors LLC now owns 2,079 shares of the real estate investment trust’s stock worth $231,000 after acquiring an additional 436 shares during the period. Institutional investors own 98.42% of the company’s stock.

In other DIGITAL RLTY TR/SH news, insider Edward F. Sham sold 10,435 shares of the firm’s stock in a transaction dated Friday, July 6th. The stock was sold at an average price of $115.00, for a total value of $1,200,025.00. Following the sale, the insider now owns 6,207 shares of the company’s stock, valued at approximately $713,805. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Joshua A. Mills sold 2,500 shares of the firm’s stock in a transaction dated Monday, July 2nd. The shares were sold at an average price of $112.50, for a total value of $281,250.00. Following the completion of the sale, the senior vice president now directly owns 6,666 shares in the company, valued at approximately $749,925. The disclosure for this sale can be found here. In the last ninety days, insiders sold 15,435 shares of company stock worth $1,768,775. Insiders own 0.43% of the company’s stock.

Several research firms have recently weighed in on DLR. Zacks Investment Research downgraded DIGITAL RLTY TR/SH from a “buy” rating to a “hold” rating in a research note on Thursday, August 9th. Barclays increased their price target on DIGITAL RLTY TR/SH from $139.00 to $141.00 and gave the stock an “overweight” rating in a research note on Thursday, August 2nd. Credit Suisse Group set a $130.00 price target on DIGITAL RLTY TR/SH and gave the stock a “hold” rating in a research note on Wednesday, August 8th. Stifel Nicolaus raised their target price on DIGITAL RLTY TR/SH from $128.00 to $130.00 and gave the stock a “buy” rating in a research note on Friday, July 27th. Finally, BMO Capital Markets restated a “hold” rating and issued a $120.00 target price on shares of DIGITAL RLTY TR/SH in a research note on Friday, July 27th. Eight investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $127.24.

Shares of NYSE DLR opened at $113.55 on Wednesday. DIGITAL RLTY TR/SH has a 52 week low of $96.56 and a 52 week high of $125.10. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.95. The stock has a market capitalization of $24.92 billion, a price-to-earnings ratio of 18.49, a P/E/G ratio of 2.66 and a beta of 0.14.

DIGITAL RLTY TR/SH (NYSE:DLR) last issued its earnings results on Thursday, July 26th. The real estate investment trust reported $0.32 EPS for the quarter, missing the 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 company had revenue of $754.91 million during the quarter, compared to the consensus estimate of $759.30 million. During the same quarter in the prior year, the business earned $1.54 EPS. The firm’s revenue for the quarter was up 33.4% compared to the same quarter last year. equities analysts forecast that DIGITAL RLTY TR/SH will post 6.6 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 28th. Shareholders of record on Friday, September 14th will be issued a $1.01 dividend. The ex-dividend date of this dividend is Thursday, September 13th. This represents a $4.04 annualized dividend and a dividend yield of 3.56%. DIGITAL RLTY TR/SH’s payout ratio 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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