Digital Realty Trust (DLR) : Trust Investment Advisors reduced its stake in Digital Realty Trust by 15.05% during the most recent quarter end. The investment management company now holds a total of 19,671 shares of Digital Realty Trust which is valued at $1,813,273 after selling 3,484 shares in Digital Realty Trust , the firm said in a disclosure report filed with the SEC on May 2, 2016.Digital Realty Trust makes up approximately 2.09% of Trust Investment Advisors’s portfolio.
Digital Realty Trust opened for trading at $91.2 and hit $92.63 on the upside on Friday, eventually ending the session at $92.18, with a gain of 0.80% or 0.73 points. The heightened volatility saw the trading volume jump to 10,76,389 shares. Company has a market cap of $13,532 M.
Other Hedge Funds, Including , Dynamic Advisors Solutions reduced its stake in DLR by selling 11,490 shares or 20.5% in the most recent quarter. The Hedge Fund company now holds 44,559 shares of DLR which is valued at $4,107,449. Digital Realty Trust makes up approx 1.75% of Dynamic Advisors Solutions’s portfolio.Russell Frank Co boosted its stake in DLR in the latest quarter, The investment management firm added 332,454 additional shares and now holds a total of 416,756 shares of Digital Realty Trust which is valued at $36,666,193. Digital Realty Trust makes up approx 0.06% of Russell Frank Co’s portfolio. Oppenheimer Co Inc added DLR to its portfolio by purchasing 3,786 company shares during the most recent quarter which is valued at $333,092. Digital Realty Trust makes up approx 0.01% of Oppenheimer Co Inc’s portfolio.Wespac Advisors reduced its stake in DLR by selling 6,278 shares or 27.47% in the most recent quarter. The Hedge Fund company now holds 16,579 shares of DLR which is valued at $1,458,620. Digital Realty Trust makes up approx 1.81% of Wespac Advisors’s portfolio.
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.
Many Wall Street Analysts have commented on Digital Realty Trust. 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. Company shares were Reiterated by Stifel on Feb 29, 2016 to “Buy”, Firm has raised the Price Target to $ 87 from a previous price target of $84 .
Digital Realty Trust Inc. is a real estate investment trust (REIT) that owns acquires develops and manages technology-related real estate. The Companys 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.