Martingale Asset Management L P Has $597,000 Stock Holdings in DIGITAL RLTY TR/SH (NYSE:DLR)

Martingale Asset Management L P lowered its position in shares of DIGITAL RLTY TR/SH (NYSE:DLR) by 15.2% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 5,010 shares of the real estate investment trust’s stock after selling 900 shares during the quarter. Martingale Asset Management L P’s holdings in DIGITAL RLTY TR/SH were worth $597,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the business. Morgan Dempsey Capital Management LLC boosted its holdings in shares of DIGITAL RLTY TR/SH by 1.5% in the 1st quarter. Morgan Dempsey Capital Management LLC now owns 40,183 shares of the real estate investment trust’s stock valued at $4,782,000 after buying an additional 590 shares during the last quarter. Piedmont Investment Advisors Inc. boosted its holdings in shares of DIGITAL RLTY TR/SH by 9.1% in the 1st quarter. Piedmont Investment Advisors Inc. now owns 3,344 shares of the real estate investment trust’s stock valued at $398,000 after buying an additional 279 shares during the last quarter. Manchester Capital Management LLC boosted its holdings in shares of DIGITAL RLTY TR/SH by 29.6% in the 1st quarter. Manchester Capital Management LLC now owns 701 shares of the real estate investment trust’s stock valued at $83,000 after buying an additional 160 shares during the last quarter. Penserra Capital Management LLC acquired a new stake in shares of DIGITAL RLTY TR/SH in the 1st quarter valued at approximately $171,000. Finally, Great West Life Assurance Co. Can boosted its holdings in shares of DIGITAL RLTY TR/SH by 18.9% in the 1st quarter. Great West Life Assurance Co. Can now owns 369,589 shares of the real estate investment trust’s stock valued at $43,907,000 after buying an additional 58,802 shares during the last quarter. 99.17% of the stock is owned by hedge funds and other institutional investors.

DLR stock traded up $0.19 during trading hours on Friday, hitting $117.79. 1,244,561 shares of the stock were exchanged, compared to its average volume of 1,261,121. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.05 and a quick ratio of 0.05. The firm has a market cap of $24.49 billion, a price-to-earnings ratio of 17.85, a P/E/G ratio of 2.55 and a beta of 0.43. The firm has a 50-day moving average price of $118.77. DIGITAL RLTY TR/SH has a 12 month low of $100.05 and a 12 month high of $125.19.

DIGITAL RLTY TR/SH (NYSE:DLR) last posted its quarterly earnings data on Thursday, April 25th. The real estate investment trust reported $1.73 earnings per share for the quarter, topping the consensus estimate of $1.65 by $0.08. The firm had revenue of $814.50 million for the quarter, compared to analysts’ expectations of $800.13 million. DIGITAL RLTY TR/SH had a return on equity of 3.27% and a net margin of 10.95%. The company’s quarterly revenue was up 9.4% compared to the same quarter last year. During the same quarter last year, the business earned $1.63 EPS. Equities research analysts anticipate that DIGITAL RLTY TR/SH will post 6.67 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 14th were given a dividend of $1.08 per share. This represents a $4.32 annualized dividend and a yield of 3.67%. The ex-dividend date of this dividend was Thursday, June 13th. DIGITAL RLTY TR/SH’s payout ratio is 65.45%.

In other DIGITAL RLTY TR/SH news, Director Kevin Kennedy sold 400 shares of the stock in a transaction on Wednesday, May 8th. The stock was sold at an average price of $117.25, for a total transaction of $46,900.00. Following the transaction, the director now owns 400 shares in the company, valued at approximately $46,900. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Joshua A. Mills sold 10,000 shares of the firm’s stock in a transaction on Monday, April 1st. The stock was sold at an average price of $119.21, for a total value of $1,192,100.00. Following the completion of the transaction, the senior vice president now owns 14,166 shares in the company, valued at approximately $1,688,728.86. The disclosure for this sale can be found here. Insiders have sold a total of 39,333 shares of company stock worth $4,729,228 in the last quarter. Company insiders own 0.49% of the company’s stock.

Several research firms have recently commented on DLR. Zacks Investment Research raised DIGITAL RLTY TR/SH from a “hold” rating to a “buy” rating and set a $135.00 price objective for the company in a report on Thursday, April 11th. ValuEngine raised DIGITAL RLTY TR/SH from a “hold” rating to a “buy” rating in a report on Monday, June 17th. Barclays reaffirmed a “buy” rating and set a $143.00 price target on shares of DIGITAL RLTY TR/SH in a report on Tuesday, April 16th. Jefferies Financial Group downgraded DIGITAL RLTY TR/SH from a “buy” rating to a “hold” rating and cut their price target for the company from $144.00 to $125.00 in a report on Tuesday, April 23rd. Finally, Raymond James downgraded DIGITAL RLTY TR/SH from an “outperform” rating to a “market perform” rating and set a $120.00 price target for the company. in a report on Monday, March 25th. Six equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. DIGITAL RLTY TR/SH presently has a consensus rating of “Buy” and an average price target of $125.36.

DIGITAL RLTY TR/SH Profile

Digital Realty supports the data center, colocation and interconnection strategies of more than 2,300 firms across its secure, network-rich portfolio of data centers located throughout North America, Europe, Asia and Australia. Digital Realty's clients include domestic and international companies of all sizes, ranging from cloud and information technology services, communications and social networking to financial services, manufacturing, energy, healthcare, and consumer products.

Featured Article: Investing in Growth Stocks

Institutional Ownership by Quarter for DIGITAL RLTY TR/SH (NYSE:DLR)

Receive News & Ratings for DIGITAL RLTY TR/SH Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for DIGITAL RLTY TR/SH and related companies with MarketBeat.com's FREE daily email newsletter.