DIGITAL RLTY TR/SH (NYSE:DLR) Shares Sold by Arcadia Investment Management Corp MI

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Arcadia Investment Management Corp MI decreased its position in shares of DIGITAL RLTY TR/SH (NYSE:DLR) by 1.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,581 shares of the real estate investment trust’s stock after selling 220 shares during the period. Arcadia Investment Management Corp MI’s holdings in DIGITAL RLTY TR/SH were worth $2,542,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of DLR. Buckingham Capital Management Inc. increased its holdings in shares of DIGITAL RLTY TR/SH by 3.8% in the 1st quarter. Buckingham Capital Management Inc. now owns 34,281 shares of the real estate investment trust’s stock valued at $4,079,000 after acquiring an additional 1,246 shares during the last quarter. First Trust Advisors LP lifted its holdings in shares of DIGITAL RLTY TR/SH by 230.3% in the first quarter. First Trust Advisors LP now owns 137,473 shares of the real estate investment trust’s stock valued at $16,359,000 after purchasing an additional 95,857 shares in the last quarter. Amundi Pioneer Asset Management Inc. lifted its holdings in shares of DIGITAL RLTY TR/SH by 48.4% in the first quarter. Amundi Pioneer Asset Management Inc. now owns 592,090 shares of the real estate investment trust’s stock valued at $70,459,000 after purchasing an additional 193,197 shares in the last quarter. Cox Capital Mgt LLC purchased a new stake in shares of DIGITAL RLTY TR/SH in the second quarter valued at $1,069,000. Finally, First Financial Bank Trust Division lifted its holdings in shares of DIGITAL RLTY TR/SH by 8.3% in the second quarter. First Financial Bank Trust Division now owns 34,047 shares of the real estate investment trust’s stock valued at $4,010,000 after purchasing an additional 2,610 shares in the last quarter.

DLR opened at $134.81 on Wednesday. The stock has a market capitalization of $27.99 billion, a P/E ratio of 20.11, a P/E/G ratio of 2.91 and a beta of 0.40. DIGITAL RLTY TR/SH has a 12 month low of $100.05 and a 12 month high of $135.11. The firm’s fifty day simple moving average is $128.34 and its 200 day simple moving average is $121.55. The company has a current ratio of 0.36, a quick ratio of 0.36 and a debt-to-equity ratio of 1.16.

DIGITAL RLTY TR/SH (NYSE:DLR) last posted its quarterly earnings data on Tuesday, July 30th. The real estate investment trust reported $0.15 EPS for the quarter, missing the consensus estimate of $1.63 by ($1.48). The company had revenue of $801.00 million during the quarter, compared to the consensus estimate of $807.48 million. DIGITAL RLTY TR/SH had a net margin of 10.00% and a return on equity of 3.01%. The company’s revenue was up 6.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.66 earnings per share. On average, equities research analysts predict that DIGITAL RLTY TR/SH will post 6.65 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 13th were paid a dividend of $1.08 per share. This represents a $4.32 annualized dividend and a yield of 3.20%. The ex-dividend date of this dividend was Thursday, September 12th. DIGITAL RLTY TR/SH’s dividend payout ratio is currently 65.45%.

A number of equities analysts have recently weighed in on the stock. Cowen set a $125.00 price target on shares of DIGITAL RLTY TR/SH and gave the stock a “hold” rating in a research report on Wednesday, July 31st. Argus assumed coverage on shares of DIGITAL RLTY TR/SH in a research report on Wednesday, July 3rd. They set a “buy” rating and a $140.00 price target on the stock. Morgan Stanley cut shares of DIGITAL RLTY TR/SH from an “overweight” rating to an “equal” rating and lifted their price target for the stock from $118.00 to $122.00 in a research report on Thursday, September 19th. Zacks Investment Research raised shares of DIGITAL RLTY TR/SH from a “sell” rating to a “hold” rating and set a $125.00 price target on the stock in a research report on Friday, June 28th. Finally, Guggenheim cut shares of DIGITAL RLTY TR/SH from a “buy” rating to a “neutral” rating and lifted their price target for the stock from $127.00 to $132.00 in a research report on Wednesday, September 11th. Seven equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $129.00.

In other DIGITAL RLTY TR/SH news, Director Kevin Kennedy sold 300 shares of the company’s stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $125.00, for a total transaction of $37,500.00. Following the transaction, the director now owns 300 shares in the company, valued at approximately $37,500. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.49% of the stock is currently owned by corporate insiders.

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.

Read More: Diversification For Individual Investors

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

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