Fenimore Asset Management Inc Lowers stake in Digital Realty Trust (DLR)

Digital Realty Trust (DLR) : Fenimore Asset Management Inc reduced its stake in Digital Realty Trust by 43.05% during the most recent quarter end. The investment management company now holds a total of 111,230 shares of Digital Realty Trust which is valued at $10,179,770 after selling 84,085 shares in Digital Realty Trust , the firm said in a disclosure report filed with the SEC on Oct 12, 2016.Digital Realty Trust makes up approximately 0.50% of Fenimore Asset Management Inc’s portfolio.

Other Hedge Funds, Including , Capstone Asset Management Co boosted its stake in DLR in the latest quarter, The investment management firm added 310 additional shares and now holds a total of 14,941 shares of Digital Realty Trust which is valued at $1,367,400. Digital Realty Trust makes up approx 0.04% of Capstone Asset Management Co’s portfolio.Raymond James Trust N.a. boosted its stake in DLR in the latest quarter, The investment management firm added 676 additional shares and now holds a total of 4,932 shares of Digital Realty Trust which is valued at $456,210. Digital Realty Trust makes up approx 0.04% of Raymond James Trust N.a.’s portfolio. Cutler Group Lp added DLR to its portfolio by purchasing 5,046 company shares during the most recent quarter which is valued at $466,755. Digital Realty Trust makes up approx 0.03% of Cutler Group Lp’s portfolio.Advisory Services Network boosted its stake in DLR in the latest quarter, The investment management firm added 76 additional shares and now holds a total of 362 shares of Digital Realty Trust which is valued at $33,166. Digital Realty Trust makes up approx 0.01% of Advisory Services Network’s portfolio.Washington Trust Bank boosted its stake in DLR in the latest quarter, The investment management firm added 28,514 additional shares and now holds a total of 28,696 shares of Digital Realty Trust which is valued at $2,606,458. Digital Realty Trust makes up approx 0.63% of Washington Trust Bank’s portfolio.

Digital Realty Trust closed down -0.98 points or -1.06% at $91.52 with 6,93,453 shares getting traded on Tuesday. Post opening the session at $92.41, the shares hit an intraday low of $91.08 and an intraday high of $92.725 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

On the company’s financial health, Digital Realty Trust reported $1.42 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Jul 28, 2016. Analyst had a consensus of $1.39. The company had revenue of $514.90 million for the quarter, compared to analysts expectations of $513.47 million. The company’s revenue was up 22.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.30 EPS.

Many Wall Street Analysts have commented on Digital Realty Trust. Company shares were Reiterated by Barclays on Aug 12, 2016 to “Overweight”, Firm has raised the Price Target to $ 126 from a previous price target of $118 .Company shares were Reiterated by RBC Capital Mkts on Aug 4, 2016 to “Outperform”, Firm has raised the Price Target to $ 120 from a previous price target of $105 .Digital Realty Trust was Downgraded by Jefferies to ” Hold” on Jul 19, 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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