Zevin Asset Management LLC boosted its holdings in DIGITAL RLTY TR/SH (NYSE:DLR) by 9.9% in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 10,069 shares of the real estate investment trust’s stock after buying an additional 906 shares during the quarter. Zevin Asset Management LLC’s holdings in DIGITAL RLTY TR/SH were worth $1,307,000 at the end of the most recent quarter.
Several other institutional investors have also recently added to or reduced their stakes in DLR. BSW Wealth Partners bought a new position in shares of DIGITAL RLTY TR/SH during the 2nd quarter valued at approximately $81,000. Creative Planning increased its stake in DIGITAL RLTY TR/SH by 40.1% in the second quarter. Creative Planning now owns 16,968 shares of the real estate investment trust’s stock worth $1,999,000 after purchasing an additional 4,857 shares during the period. Forte Capital LLC ADV purchased a new stake in DIGITAL RLTY TR/SH in the second quarter worth $1,199,000. Crossmark Global Holdings Inc. increased its stake in DIGITAL RLTY TR/SH by 507.5% in the third quarter. Crossmark Global Holdings Inc. now owns 80,134 shares of the real estate investment trust’s stock worth $10,402,000 after purchasing an additional 66,943 shares during the period. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its position in shares of DIGITAL RLTY TR/SH by 5.5% during the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 40,319 shares of the real estate investment trust’s stock worth $4,749,000 after buying an additional 2,109 shares in the last quarter.
Shares of NYSE DLR traded down $2.11 during trading on Friday, hitting $116.57. The company had a trading volume of 2,578,435 shares, compared to its average volume of 1,293,080. The company has a market cap of $24.51 billion, a P/E ratio of 17.66, a PEG ratio of 2.69 and a beta of 0.38. DIGITAL RLTY TR/SH has a 52 week low of $100.05 and a 52 week high of $136.32. The business’s 50-day moving average is $128.92 and its 200 day moving average is $122.10. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.36 and a current ratio of 0.33.
A number of equities research analysts have commented on DLR shares. Morgan Stanley cut DIGITAL RLTY TR/SH from an “overweight” rating to an “equal” rating and increased their price target for the company from $118.00 to $122.00 in a research note on Thursday, September 19th. Cowen set a $125.00 price objective on DIGITAL RLTY TR/SH and gave the company a “hold” rating in a report on Wednesday, July 31st. Guggenheim lowered DIGITAL RLTY TR/SH from a “buy” rating to a “neutral” rating and lifted their price target for the stock from $127.00 to $132.00 in a research note on Wednesday, September 11th. BMO Capital Markets boosted their price objective on DIGITAL RLTY TR/SH to $132.00 and gave the stock a “market perform” rating in a research note on Wednesday, October 30th. Finally, William Blair upgraded DIGITAL RLTY TR/SH from a “market perform” rating to an “outperform” rating in a research report on Wednesday, October 30th. Seven equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $131.21.
In related news, Director Kevin Kennedy sold 300 shares of the stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $125.00, for a total value of $37,500.00. Following the completion of the transaction, the director now owns 300 shares of the company’s stock, valued at $37,500. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.49% of the stock is currently owned by corporate insiders.
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.
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