Digital Realty Trust (DLR) : Nuveen Asset Management scooped up 444,564 additional shares in Digital Realty Trust during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 12, 2016. The investment management firm now holds a total of 1,477,791 shares of Digital Realty Trust which is valued at $152,567,143.Digital Realty Trust makes up approximately 0.92% of Nuveen Asset Management’s portfolio.
Other Hedge Funds, Including , Lord Abbett reduced its stake in DLR by selling 48,807 shares or 34.54% in the most recent quarter. The Hedge Fund company now holds 92,505 shares of DLR which is valued at $9,550,216. Digital Realty Trust makes up approx 0.03% of Lord Abbett’s portfolio.Alliancebernstein boosted its stake in DLR in the latest quarter, The investment management firm added 189,210 additional shares and now holds a total of 384,864 shares of Digital Realty Trust which is valued at $39,733,359. Digital Realty Trust makes up approx 0.03% of Alliancebernstein’s portfolio.Apg Asset Management N.v. boosted its stake in DLR in the latest quarter, The investment management firm added 16,100 additional shares and now holds a total of 62,258 shares of Digital Realty Trust which is valued at $6,427,516. Digital Realty Trust makes up approx 0.01% of Apg Asset Management N.v.’s portfolio.Credit Agricole S A boosted its stake in DLR in the latest quarter, The investment management firm added 178,717 additional shares and now holds a total of 256,222 shares of Digital Realty Trust which is valued at $26,452,359. Digital Realty Trust makes up approx 0.10% of Credit Agricole S A’s portfolio.Arcadia Investment Management Corpmi reduced its stake in DLR by selling 510 shares or 1.47% in the most recent quarter. The Hedge Fund company now holds 34,205 shares of DLR which is valued at $3,622,652. Digital Realty Trust makes up approx 1.14% of Arcadia Investment Management Corpmi’s portfolio.
Digital Realty Trust opened for trading at $99.75 and hit $100.78 on the upside on Monday, eventually ending the session at $100.68, with a gain of 1.23% or 1.22 points. The heightened volatility saw the trading volume jump to 11,56,813 shares. Company has a market cap of $14,786 M.
On the company’s financial health, Digital Realty Trust reported $1.42 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Jul 28, 2016. Analyst had a consensus of $1.39. The company had revenue of $514.90 million for the quarter, compared to analysts expectations of $513.47 million. The company’s revenue was up 22.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.30 EPS.
Investors should note that on Aug 10, 2016, Digital Realty Trust announced a cash dividend of $0.8800. The company’s management has announced Sep 13, 2016 as the ex-dividend date and fixed the record date on Sep 15, 2016. The payable date has been fixed on Sep 30, 2016.
Many Wall Street Analysts have commented on Digital Realty Trust. Company shares were Reiterated by Barclays on Aug 12, 2016 to “Overweight”, Firm has raised the Price Target to $ 126 from a previous price target of $118 .Company shares were Reiterated by RBC Capital Mkts on Aug 4, 2016 to “Outperform”, Firm has raised the Price Target to $ 120 from a previous price target of $105 .Digital Realty Trust was Downgraded by Jefferies to ” Hold” on Jul 19, 2016.
Digital Realty Trust Inc. is a real estate investment trust (REIT) that owns acquires develops and manages technology-related real estate. The Companys services include implementation services remote hands services data center infrastructure management (DCIM) client services and digital realty partner network. The Company is a sole general partner of Digital Realty Trust L.P. As of December 31 2014 Digital Realty Trust Inc. owned 97.8% common general partnership interest in Digital Realty Trust L.P. The remaining 2.2% common limited partnership interests are owned by non-affiliated investors and certain directors and officers of Digital Realty Trust Inc. The Company focuses on strategically located properties containing applications and operations critical to the day-to-day operations of technology industry tenants and corporate enterprise datacenter users including the information technology (IT) departments of Fortune 100 and financial services companies.