Digital Realty Trust (DLR) : Uniplan Investment Counsel reduced its stake in Digital Realty Trust by 1.49% during the most recent quarter end. The investment management company now holds a total of 771,405 shares of Digital Realty Trust which is valued at $72.8 Million after selling 11,648 shares in Digital Realty Trust , the firm said in a disclosure report filed with the SEC on May 13, 2016.Digital Realty Trust makes up approximately 3.45% of Uniplan Investment Counsel’s portfolio.
Other Hedge Funds, Including , Baker Avenue Asset Management Lp sold out all of its stake in DLR during the most recent quarter. The investment firm sold 5,000 shares of DLR which is valued $472,000.Azimuth Capital Management boosted its stake in DLR in the latest quarter, The investment management firm added 135 additional shares and now holds a total of 29,640 shares of Digital Realty Trust which is valued at $2.8 Million. Digital Realty Trust makes up approx 0.27% of Azimuth Capital Management’s portfolio. Alphamark Advisors added DLR to its portfolio by purchasing 550 company shares during the most recent quarter which is valued at $50,699. Digital Realty Trust makes up approx 0.03% of Alphamark Advisors’s portfolio.Pillar Pacific Capital Management reduced its stake in DLR by selling 490 shares or 10.8% in the most recent quarter. The Hedge Fund company now holds 4,045 shares of DLR which is valued at $372,868. Digital Realty Trust makes up approx 0.06% of Pillar Pacific Capital Management’s portfolio.Duff Phelps Investment Management Co boosted its stake in DLR in the latest quarter, The investment management firm added 334,125 additional shares and now holds a total of 521,325 shares of Digital Realty Trust which is valued at $48.1 Million. Digital Realty Trust makes up approx 0.75% of Duff Phelps Investment Management Co’s portfolio.
Digital Realty Trust opened for trading at $94.23 and hit $95.41 on the upside on Wednesday, eventually ending the session at $95.08, with a gain of 0.97% or 0.91 points. The heightened volatility saw the trading volume jump to 15,19,407 shares. Company has a market cap of $13,960 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 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.