Fenimore Asset Management Inc. cut its stake in Digital Realty Trust Inc. (NYSE:DLR) by 43.1% during the third quarter, Holdings Channel reports. The institutional investor owned 111,230 shares of the real estate investment trust’s stock after selling 84,085 shares during the period. Fenimore Asset Management Inc.’s holdings in Digital Realty Trust were worth $10,803,000 as of its most recent filing with the SEC.
A number of other large investors have also modified their holdings of DLR. Euclid Advisors LLC acquired a new stake in shares of Digital Realty Trust during the second quarter valued at $108,000. Financial Architects Inc acquired a new stake in shares of Digital Realty Trust during the second quarter valued at $200,000. W.G. Shaheen & Associates DBA Whitney & Co acquired a new stake in shares of Digital Realty Trust during the second quarter valued at $200,000. BLB&B Advisors LLC acquired a new stake in shares of Digital Realty Trust during the second quarter valued at $211,000. Finally, Calamos Advisors LLC acquired a new stake in shares of Digital Realty Trust during the second quarter valued at $213,000.
Shares of Digital Realty Trust Inc. (NYSE:DLR) opened at 93.32 on Thursday. The stock has a market capitalization of $13.71 billion, a PE ratio of 207.38 and a beta of 0.28. Digital Realty Trust Inc. has a 12 month low of $69.00 and a 12 month high of $113.21. The company’s 50 day moving average price is $96.23 and its 200 day moving average price is $97.69.
Digital Realty Trust (NYSE:DLR) last released its quarterly earnings results on Thursday, July 28th. The real estate investment trust reported $1.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.38 by $0.04. The firm had revenue of $514.90 million for the quarter, compared to the consensus estimate of $507.72 million. Digital Realty Trust had a return on equity of 5.02% and a net margin of 7.82%. The firm’s quarterly revenue was up 22.5% compared to the same quarter last year. During the same quarter last year, the business posted $1.30 EPS. Equities analysts anticipate that Digital Realty Trust Inc. will post $5.71 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, September 30th. Investors of record on Thursday, September 15th were paid a dividend of $0.88 per share. The ex-dividend date was Tuesday, September 13th. This represents a $3.52 dividend on an annualized basis and a yield of 3.77%. Digital Realty Trust’s dividend payout ratio is presently 765.22%.
Several brokerages have weighed in on DLR. SunTrust Banks Inc. began coverage on Digital Realty Trust in a report on Thursday, July 21st. They issued a “buy” rating and a $125.00 price target for the company. Jefferies Group lowered their price target on Digital Realty Trust from $115.00 to $109.00 and set a “hold” rating for the company in a report on Thursday, August 11th. TheStreet downgraded Digital Realty Trust from a “buy” rating to a “hold” rating in a report on Thursday, July 28th. Barclays PLC raised their price target on Digital Realty Trust from $118.00 to $126.00 and gave the stock an “overweight” rating in a report on Friday, August 12th. Finally, Deutsche Bank AG lifted their target price on Digital Realty Trust from $114.00 to $116.00 and gave the stock a “buy” rating in a report on Friday, July 29th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and ten have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $100.18.
In related news, SVP Joshua A. Mills sold 4,519 shares of the firm’s stock in a transaction that occurred on Friday, September 16th. The stock was sold at an average price of $92.22, for a total transaction of $416,742.18. Following the transaction, the senior vice president now owns 8,685 shares in the company, valued at approximately $800,930.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Edward F. Sham sold 14,701 shares of the stock in a transaction that occurred on Thursday, September 15th. The stock was sold at an average price of $92.50, for a total value of $1,359,842.50. Following the sale, the insider now directly owns 19,039 shares of the company’s stock, valued at $1,761,107.50. The disclosure for this sale can be found here. Corporate insiders own 0.29% of the company’s stock.
About Digital Realty Trust
Digital Realty Trust, Inc is a real estate investment trust (REIT). The Company owns, acquires, develops and manages technology-related real estate. 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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