Pinnacle Financial Partners Inc. lifted its position in DIGITAL RLTY TR/SH (NYSE:DLR) by 9.2% in the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 6,816 shares of the real estate investment trust’s stock after purchasing an additional 577 shares during the period. Pinnacle Financial Partners Inc.’s holdings in DIGITAL RLTY TR/SH were worth $803,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in DLR. FMR LLC lifted its holdings in DIGITAL RLTY TR/SH by 3.1% during the first quarter. FMR LLC now owns 4,123,291 shares of the real estate investment trust’s stock worth $490,672,000 after buying an additional 122,913 shares during the period. Northern Trust Corp raised its position in shares of DIGITAL RLTY TR/SH by 1.7% in the 2nd quarter. Northern Trust Corp now owns 3,328,399 shares of the real estate investment trust’s stock worth $392,052,000 after acquiring an additional 57,232 shares in the last quarter. Canada Pension Plan Investment Board raised its position in shares of DIGITAL RLTY TR/SH by 1.6% in the 2nd quarter. Canada Pension Plan Investment Board now owns 3,303,216 shares of the real estate investment trust’s stock worth $389,086,000 after acquiring an additional 51,251 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of DIGITAL RLTY TR/SH by 7.2% during the 4th quarter. Geode Capital Management LLC now owns 3,250,993 shares of the real estate investment trust’s stock worth $345,892,000 after purchasing an additional 217,995 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of DIGITAL RLTY TR/SH by 3.6% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 2,546,372 shares of the real estate investment trust’s stock worth $299,938,000 after purchasing an additional 89,395 shares during the last quarter.

Several research firms recently commented on DLR. ValuEngine lowered shares of DIGITAL RLTY TR/SH from a “buy” rating to a “hold” rating in a research note on Thursday, June 27th. Barclays restated an “overweight” rating and issued a $147.00 target price on shares of DIGITAL RLTY TR/SH in a research note on Friday, August 30th. Argus initiated coverage on shares of DIGITAL RLTY TR/SH in a report on Wednesday, July 3rd. They issued a “buy” rating and a $140.00 price target on the stock. Royal Bank of Canada set a $130.00 price target on DIGITAL RLTY TR/SH and gave the stock a “buy” rating in a research report on Friday, August 9th. Finally, Zacks Investment Research upgraded DIGITAL RLTY TR/SH from a “sell” rating to a “hold” rating and set a $125.00 price objective for the company in a report on Friday, June 28th. Eight analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $127.77.

DLR stock traded up $0.48 during trading on Wednesday, reaching $128.13. The company had a trading volume of 39,039 shares, compared to its average volume of 897,410. The firm has a 50-day simple moving average of $120.57 and a 200-day simple moving average of $119.03. The company has a market cap of $26.69 billion, a price-to-earnings ratio of 19.42, a price-to-earnings-growth ratio of 2.78 and a beta of 0.41. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.36 and a current ratio of 0.36. DIGITAL RLTY TR/SH has a twelve month low of $100.05 and a twelve month high of $128.71.

DIGITAL RLTY TR/SH (NYSE:DLR) last issued its quarterly earnings results on Tuesday, July 30th. The real estate investment trust reported $0.15 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.63 by ($1.48). The company had revenue of $801.00 million for the quarter, compared to analyst estimates of $807.48 million. DIGITAL RLTY TR/SH had a net margin of 10.00% and a return on equity of 3.01%. The company’s revenue for the quarter was up 6.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.66 EPS. Sell-side analysts expect that DIGITAL RLTY TR/SH will post 6.64 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 13th will be given a $1.08 dividend. This represents a $4.32 annualized dividend and a dividend yield of 3.37%. The ex-dividend date is Thursday, September 12th. DIGITAL RLTY TR/SH’s payout ratio is 65.45%.

In related news, Director Kevin Kennedy sold 400 shares of the stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $118.26, for a total value of $47,304.00. Following the transaction, the director now owns 400 shares in the company, valued at approximately $47,304. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Edward F. Sham sold 11,400 shares of the firm’s stock in a transaction that occurred on Monday, June 17th. The stock was sold at an average price of $122.00, for a total transaction of $1,390,800.00. Following the transaction, the insider now directly owns 15,738 shares of the company’s stock, valued at $1,920,036. The disclosure for this sale can be found here. Insiders sold a total of 12,400 shares of company stock valued at $1,513,104 in the last 90 days. 0.49% of the stock is currently owned by company insiders.

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

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