PNC Financial Services Group Inc. lessened its stake in shares of DIGITAL RLTY TR/SH (NYSE:DLR) by 2.8% in the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 26,961 shares of the real estate investment trust’s stock after selling 781 shares during the period. PNC Financial Services Group Inc.’s holdings in DIGITAL RLTY TR/SH were worth $3,008,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. American Century Companies Inc. lifted its position in shares of DIGITAL RLTY TR/SH by 93.1% in the first quarter. American Century Companies Inc. now owns 185,213 shares of the real estate investment trust’s stock valued at $19,518,000 after acquiring an additional 89,311 shares in the last quarter. Eaton Vance Management lifted its position in shares of DIGITAL RLTY TR/SH by 7.6% in the first quarter. Eaton Vance Management now owns 16,197 shares of the real estate investment trust’s stock valued at $1,707,000 after acquiring an additional 1,138 shares in the last quarter. Synovus Financial Corp purchased a new position in shares of DIGITAL RLTY TR/SH in the first quarter valued at about $187,000. Neuberger Berman Group LLC lifted its position in shares of DIGITAL RLTY TR/SH by 1,105.0% in the first quarter. Neuberger Berman Group LLC now owns 272,826 shares of the real estate investment trust’s stock valued at $28,941,000 after acquiring an additional 250,185 shares in the last quarter. Finally, US Bancorp DE lifted its position in shares of DIGITAL RLTY TR/SH by 43.7% in the first quarter. US Bancorp DE now owns 196,918 shares of the real estate investment trust’s stock valued at $20,752,000 after acquiring an additional 59,890 shares in the last quarter. 98.45% of the stock is owned by institutional investors and hedge funds.

In related news, SVP Joshua A. Mills sold 2,500 shares of the business’s stock in a transaction dated Friday, July 6th. The stock was sold at an average price of $115.00, for a total value of $287,500.00. Following the sale, the senior vice president now directly owns 6,666 shares in the company, valued at $766,590. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Edward F. Sham sold 10,435 shares of the business’s stock in a transaction dated Friday, July 6th. The stock was sold at an average price of $115.00, for a total value of $1,200,025.00. Following the completion of the sale, the insider now owns 6,207 shares in the company, valued at $713,805. The disclosure for this sale can be found here. Insiders sold 20,435 shares of company stock worth $2,318,775 over the last quarter. 0.43% of the stock is owned by company insiders.

NYSE:DLR opened at $122.66 on Friday. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.95. The stock has a market capitalization of $25.33 billion, a P/E ratio of 19.42, a PEG ratio of 2.71 and a beta of 0.14. DIGITAL RLTY TR/SH has a 12 month low of $96.56 and a 12 month high of $125.10.

DIGITAL RLTY TR/SH (NYSE:DLR) last posted its earnings results on Thursday, July 26th. The real estate investment trust reported $0.32 EPS for the quarter, missing analysts’ consensus estimates of $1.61 by ($1.29). The firm had revenue of $754.91 million during the quarter, compared to analysts’ expectations of $759.30 million. DIGITAL RLTY TR/SH had a return on equity of 3.02% and a net margin of 9.79%. DIGITAL RLTY TR/SH’s quarterly revenue was up 33.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.54 earnings per share. equities research analysts anticipate that DIGITAL RLTY TR/SH will post 6.6 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 28th. Investors of record on Friday, September 14th will be given a $1.01 dividend. The ex-dividend date of this dividend is Thursday, September 13th. This represents a $4.04 dividend on an annualized basis and a dividend yield of 3.29%. DIGITAL RLTY TR/SH’s dividend payout ratio is currently 65.80%.

Several brokerages have recently commented on DLR. Guggenheim restated a “hold” rating and issued a $125.00 price objective on shares of DIGITAL RLTY TR/SH in a research report on Friday, July 20th. Zacks Investment Research upgraded DIGITAL RLTY TR/SH from a “hold” rating to a “buy” rating and set a $137.00 price objective on the stock in a research report on Wednesday, August 8th. Royal Bank of Canada restated a “buy” rating and issued a $131.00 price objective on shares of DIGITAL RLTY TR/SH in a research report on Monday, August 13th. BMO Capital Markets restated a “hold” rating and issued a $120.00 price objective on shares of DIGITAL RLTY TR/SH in a research report on Friday, July 27th. Finally, Stifel Nicolaus began coverage on DIGITAL RLTY TR/SH in a research report on Tuesday, July 17th. They issued a “buy” rating and a $128.00 price objective on the stock. Eight equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $127.25.

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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