Carnick Kubik buys $2 Million stake in Digital Realty Trust (DLR)

Digital Realty Trust (DLR) : Carnick Kubik scooped up 363 additional shares in Digital Realty Trust during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 12, 2016. The investment management firm now holds a total of 21,377 shares of Digital Realty Trust which is valued at $2 Million.Digital Realty Trust makes up approximately 1.00% of Carnick Kubik’s portfolio.

Other Hedge Funds, Including , Shinko Asset Management Ltd. boosted its stake in DLR in the latest quarter, The investment management firm added 894,500 additional shares and now holds a total of 2,102,121 shares of Digital Realty Trust which is valued at $198.4 Million. Digital Realty Trust makes up approx 1.58% of Shinko Asset Management Ltd.’s portfolio.Bronfman E.l. Rothschild reduced its stake in DLR by selling 1,162 shares or 24.98% in the most recent quarter. The Hedge Fund company now holds 3,489 shares of DLR which is valued at $321,616. Digital Realty Trust makes up approx 0.06% of Bronfman E.l. Rothschild’s portfolio.Swiss National Bank boosted its stake in DLR in the latest quarter, The investment management firm added 134,300 additional shares and now holds a total of 380,055 shares of Digital Realty Trust which is valued at $35 Million. Digital Realty Trust makes up approx 0.06% of Swiss National Bank’s portfolio.

Digital Realty Trust opened for trading at $93.37 and hit $94.17 on the upside on Friday, eventually ending the session at $93.75, with a gain of 1.14% or 1.06 points. The heightened volatility saw the trading volume jump to 18,58,461 shares. Company has a market cap of $13,765 M.

On the company’s financial health, Digital Realty Trust reported $1.42 EPS for the quarter, beating the analyst consensus estimate by $ 0.07 according to the earnings call on Apr 28, 2016. Analyst had a consensus of $1.35. The company had revenue of $504.19 million for the quarter, compared to analysts expectations of $518.03 million. The company’s revenue was up 24.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.27 EPS.

Investors should note that on May 11, 2016, Digital Realty Trust announced a cash dividend of $0.8800. The company’s management has announced Jun 13, 2016 as the ex-dividend date and fixed the record date on Jun 15, 2016. The payable date has been fixed on Jun 30, 2016.

Many Wall Street Analysts have commented on Digital Realty Trust. Company shares were Reiterated by RBC Capital Mkts on May 13, 2016 to “Outperform”, Firm has raised the Price Target to $ 105 from a previous price target of $89 .Company shares were Reiterated by Canaccord Genuity on Apr 29, 2016 to “Buy”, Firm has raised the Price Target to $ 102 from a previous price target of $79 .Digital Realty Trust was Downgraded by Stifel to ” Hold” on Mar 21, 2016.

Digital Realty Trust Inc. is a real estate investment trust (REIT) that owns acquires develops and manages technology-related real estate. The Company’s services include implementation services remote hands services data center infrastructure management (DCIM) client services and digital realty partner network. The Company is a sole general partner of Digital Realty Trust L.P. As of December 31 2014 Digital Realty Trust Inc. owned 97.8% common general partnership interest in Digital Realty Trust L.P. The remaining 2.2% common limited partnership interests are owned by non-affiliated investors and certain directors and officers of Digital Realty Trust Inc. The Company focuses on strategically located properties containing applications and operations critical to the day-to-day operations of technology industry tenants and corporate enterprise datacenter users including the information technology (IT) departments of Fortune 100 and financial services companies.

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