AGF Investments Inc. Invests $2.23 Million in DIGITAL RLTY TR/SH (NYSE:DLR)

AGF Investments Inc. purchased a new position in shares of DIGITAL RLTY TR/SH (NYSE:DLR) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 16,077 shares of the real estate investment trust’s stock, valued at approximately $2,233,000.

Several other institutional investors and hedge funds have also modified their holdings of DLR. BlackRock Inc. lifted its position in shares of DIGITAL RLTY TR/SH by 27.4% during the first quarter. BlackRock Inc. now owns 24,587,147 shares of the real estate investment trust’s stock worth $3,415,401,000 after purchasing an additional 5,285,137 shares in the last quarter. Cohen & Steers Inc. raised its holdings in DIGITAL RLTY TR/SH by 202.5% in the fourth quarter. Cohen & Steers Inc. now owns 6,537,914 shares of the real estate investment trust’s stock valued at $782,850,000 after acquiring an additional 4,376,547 shares in the last quarter. FMR LLC raised its holdings in DIGITAL RLTY TR/SH by 80.4% in the fourth quarter. FMR LLC now owns 8,161,510 shares of the real estate investment trust’s stock valued at $977,260,000 after acquiring an additional 3,637,334 shares in the last quarter. Capital Research Global Investors raised its holdings in DIGITAL RLTY TR/SH by 117.5% in the fourth quarter. Capital Research Global Investors now owns 5,221,976 shares of the real estate investment trust’s stock valued at $625,279,000 after acquiring an additional 2,820,814 shares in the last quarter. Finally, Daiwa Securities Group Inc. raised its holdings in DIGITAL RLTY TR/SH by 171.1% in the fourth quarter. Daiwa Securities Group Inc. now owns 3,079,587 shares of the real estate investment trust’s stock valued at $368,750,000 after acquiring an additional 1,943,424 shares in the last quarter. 89.91% of the stock is currently owned by institutional investors and hedge funds.

In related news, CTO Christopher Sharp sold 382 shares of DIGITAL RLTY TR/SH stock in a transaction on Monday, March 2nd. The shares were sold at an average price of $120.90, for a total value of $46,183.80. Following the transaction, the chief technology officer now directly owns 3,422 shares in the company, valued at approximately $413,719.80. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Laurence A. Chapman sold 8,021 shares of DIGITAL RLTY TR/SH stock in a transaction on Thursday, March 12th. The shares were sold at an average price of $130.00, for a total transaction of $1,042,730.00. Following the completion of the transaction, the director now owns 50,400 shares in the company, valued at $6,552,000. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 106,333 shares of company stock worth $14,692,789. Insiders own 0.49% of the company’s stock.

Shares of DLR opened at $135.81 on Friday. The company has a current ratio of 0.45, a quick ratio of 0.45 and a debt-to-equity ratio of 0.87. The firm has a market cap of $35.08 billion, a PE ratio of 48.68, a price-to-earnings-growth ratio of 3.29 and a beta of 0.21. The company’s 50 day simple moving average is $142.72 and its 200-day simple moving average is $128.50. DIGITAL RLTY TR/SH has a 12-month low of $105.00 and a 12-month high of $158.36.

DIGITAL RLTY TR/SH (NYSE:DLR) last announced its earnings results on Thursday, May 7th. The real estate investment trust reported $0.90 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.54 by ($0.64). The business had revenue of $823.30 million for the quarter, compared to analysts’ expectations of $964.60 million. DIGITAL RLTY TR/SH had a return on equity of 7.65% and a net margin of 21.35%. The business’s revenue was up 1.0% on a year-over-year basis. During the same quarter last year, the business posted $1.73 earnings per share. As a group, equities research analysts forecast that DIGITAL RLTY TR/SH will post 6.03 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be given a dividend of $1.12 per share. The ex-dividend date is Friday, June 12th. This represents a $4.48 dividend on an annualized basis and a dividend yield of 3.30%. DIGITAL RLTY TR/SH’s dividend payout ratio (DPR) is presently 67.37%.

DLR has been the topic of several analyst reports. Robert W. Baird cut shares of DIGITAL RLTY TR/SH from an “outperform” rating to a “neutral” rating and raised their target price for the company from $142.00 to $144.00 in a report on Monday, April 13th. Citigroup cut shares of DIGITAL RLTY TR/SH from a “buy” rating to a “neutral” rating and set a $150.00 target price on the stock. in a report on Monday, May 11th. Zacks Investment Research cut shares of DIGITAL RLTY TR/SH from a “buy” rating to a “hold” rating and set a $141.00 target price on the stock. in a report on Thursday, May 14th. Wells Fargo & Co reaffirmed a “buy” rating on shares of DIGITAL RLTY TR/SH in a report on Friday, May 8th. Finally, Royal Bank of Canada reiterated a “buy” rating and issued a $142.00 price target on shares of DIGITAL RLTY TR/SH in a research note on Monday, March 9th. Nine analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. DIGITAL RLTY TR/SH currently has a consensus rating of “Hold” and an average price target of $140.40.

About DIGITAL RLTY TR/SH

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

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