Howe & Rusling Inc. Acquires 837 Shares of Digital Realty Trust, Inc. (DLR)

Howe & Rusling Inc. increased its holdings in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 3.0% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 28,586 shares of the real estate investment trust’s stock after purchasing an additional 837 shares during the period. Howe & Rusling Inc.’s holdings in Digital Realty Trust were worth $3,383,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of DLR. AXA acquired a new stake in Digital Realty Trust during the 1st quarter worth $200,000. Wellington Management Group LLP boosted its stake in Digital Realty Trust by 6,396.6% during the 1st quarter. Wellington Management Group LLP now owns 363,872 shares of the real estate investment trust’s stock worth $38,713,000 after purchasing an additional 358,271 shares during the period. Teachers Advisors LLC boosted its stake in Digital Realty Trust by 5.5% during the 1st quarter. Teachers Advisors LLC now owns 424,483 shares of the real estate investment trust’s stock worth $45,161,000 after purchasing an additional 21,994 shares during the period. PNC Financial Services Group Inc. boosted its stake in Digital Realty Trust by 12.2% during the 1st quarter. PNC Financial Services Group Inc. now owns 18,255 shares of the real estate investment trust’s stock worth $1,942,000 after purchasing an additional 1,988 shares during the period. Finally, Renaissance Technologies LLC boosted its stake in Digital Realty Trust by 45.6% during the 1st quarter. Renaissance Technologies LLC now owns 397,100 shares of the real estate investment trust’s stock worth $42,247,000 after purchasing an additional 124,300 shares during the period.

In other Digital Realty Trust news, Director William G. Laperch purchased 1,200 shares of the company’s stock in a transaction on Monday, August 7th. The shares were purchased at an average cost of $25.00 per share, for a total transaction of $30,000.00. Following the completion of the transaction, the director now owns 1,200 shares in the company, valued at $30,000. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Christopher Sharp sold 25,733 shares of the business’s stock in a transaction dated Wednesday, August 16th. The stock was sold at an average price of $116.44, for a total transaction of $2,996,350.52. Following the completion of the sale, the insider now owns 25,733 shares in the company, valued at $2,996,350.52. The disclosure for this sale can be found here. Corporate insiders own 0.40% of the company’s stock.

Shares of Digital Realty Trust, Inc. (NYSE DLR) traded down 0.40% during trading on Friday, hitting $123.39. 769,753 shares of the stock were exchanged. The stock has a 50-day moving average of $119.14 and a 200 day moving average of $115.54. The stock has a market cap of $20.01 billion, a P/E ratio of 50.12 and a beta of 0.01. Digital Realty Trust, Inc. has a 12-month low of $85.63 and a 12-month high of $127.23.

Digital Realty Trust (NYSE:DLR) last posted its quarterly earnings data on Thursday, July 27th. The real estate investment trust reported $1.54 earnings per share for the quarter, topping the consensus estimate of $1.49 by $0.05. The business had revenue of $565.99 million during the quarter, compared to the consensus estimate of $559.93 million. Digital Realty Trust had a net margin of 21.27% and a return on equity of 12.39%. The company’s quarterly revenue was up 9.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.42 earnings per share. Equities analysts predict that Digital Realty Trust, Inc. will post $1.48 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Friday, September 15th were issued a $0.93 dividend. This represents a $3.72 annualized dividend and a yield of 3.01%. The ex-dividend date of this dividend was Thursday, September 14th. Digital Realty Trust’s payout ratio is currently 148.21%.

Several analysts have recently commented on the stock. ValuEngine cut shares of Digital Realty Trust from a “buy” rating to a “hold” rating in a research note on Wednesday. Robert W. Baird restated a “neutral” rating and issued a $121.00 target price (up previously from $119.00) on shares of Digital Realty Trust in a research note on Tuesday, October 10th. Citigroup Inc. restated a “neutral” rating and issued a $127.00 target price on shares of Digital Realty Trust in a research note on Tuesday, September 26th. Canaccord Genuity restated a “buy” rating and issued a $127.00 target price on shares of Digital Realty Trust in a research note on Friday, August 18th. Finally, Zacks Investment Research cut shares of Digital Realty Trust from a “buy” rating to a “hold” rating in a research note on Wednesday, August 2nd. Ten equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $122.73.

TRADEMARK VIOLATION NOTICE: “Howe & Rusling Inc. Acquires 837 Shares of Digital Realty Trust, Inc. (DLR)” was reported by TrueBlueTribune and is the property of of TrueBlueTribune. If you are reading this report on another website, it was copied illegally and reposted in violation of US and international copyright legislation. The correct version of this report can be accessed at https://www.truebluetribune.com/2017/10/20/howe-rusling-inc-acquires-837-shares-of-digital-realty-trust-inc-dlr.html.

Digital Realty Trust Profile

Digital Realty Trust, Inc is a real estate investment trust (REIT). The Company is engaged in the business of owning, acquiring, developing and operating data centers. The Company is focused on providing data center and colocation solutions for domestic and international tenants across a range of industry verticals ranging from financial services, cloud and information technology services, to manufacturing, energy, healthcare and consumer products.

Want to see what other hedge funds are holding DLR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Digital Realty Trust, Inc. (NYSE:DLR).

Institutional Ownership by Quarter for Digital Realty Trust (NYSE:DLR)

Receive News & Ratings for Digital Realty Trust Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Digital Realty Trust Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply