Digital Realty Trust (DLR) : Wespac Advisors reduced its stake in Digital Realty Trust by 27.47% during the most recent quarter end. The investment management company now holds a total of 16,579 shares of Digital Realty Trust which is valued at $1,458,620 after selling 6,278 shares in Digital Realty Trust , the firm said in a disclosure report filed with the SEC on Apr 25, 2016.Digital Realty Trust makes up approximately 1.81% of Wespac Advisors’s portfolio.
Digital Realty Trust opened for trading at $88.38 and hit $89.6 on the upside on Monday, eventually ending the session at $89.49, with a gain of 1.72% or 1.51 points. The heightened volatility saw the trading volume jump to 9,74,989 shares. Company has a market cap of $13,137 M.
Other Hedge Funds, Including , Calamos Advisors sold out all of its stake in DLR during the most recent quarter. The investment firm sold 2,950 shares of DLR which is valued $259,541.Integrated Wealth Management reduced its stake in DLR by selling 35 shares or 10.09% in the most recent quarter. The Hedge Fund company now holds 312 shares of DLR which is valued at $26,885. Digital Realty Trust makes up approx 0.01% of Integrated Wealth Management’s portfolio.Winslow Evans Crocker boosted its stake in DLR in the latest quarter, The investment management firm added 5,049 additional shares and now holds a total of 6,349 shares of Digital Realty Trust which is valued at $547,093. Digital Realty Trust makes up approx 0.16% of Winslow Evans Crocker’s portfolio.Fjarde Ap-fonden Fourth Swedish National Pension Fund boosted its stake in DLR in the latest quarter, The investment management firm added 7,630 additional shares and now holds a total of 45,947 shares of Digital Realty Trust which is valued at $4,041,958. Digital Realty Trust makes up approx 0.09% of Fjarde Ap-fonden Fourth Swedish National Pension Fund’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.