Digital Realty Trust (DLR) : Stock Yards Bank Trust Co reduced its stake in Digital Realty Trust by 3.04% during the most recent quarter end. The investment management company now holds a total of 6,069 shares of Digital Realty Trust which is valued at $574,795 after selling 190 shares in Digital Realty Trust , the firm said in a disclosure report filed with the SEC on Oct 14, 2016.Digital Realty Trust makes up approximately 0.08% of Stock Yards Bank Trust Co’s portfolio.
Other Hedge Funds, Including , Sarasin Partners Llp sold out all of its stake in DLR during the most recent quarter. The investment firm sold 112,566 shares of DLR which is valued $10,661,126. Edge Wealth Management sold out all of its stake in DLR during the most recent quarter. The investment firm sold 6 shares of DLR which is valued $567.Eagle Asset Management Inc reduced its stake in DLR by selling 10,715 shares or 24.14% in the most recent quarter. The Hedge Fund company now holds 33,674 shares of DLR which is valued at $3,081,844. Digital Realty Trust makes up approx 0.02% of Eagle Asset Management Inc’s portfolio. Lgt Capital Partners Ltd. added DLR to its portfolio by purchasing 13,300 company shares during the most recent quarter which is valued at $1,230,250. Digital Realty Trust makes up approx 0.17% of Lgt Capital Partners Ltd.’s portfolio.
Digital Realty Trust opened for trading at $94.7 and hit $95.7 on the upside on Friday, eventually ending the session at $94.71, with a gain of 0.14% or 0.13 points. The heightened volatility saw the trading volume jump to 10,44,114 shares. Company has a market cap of $13,909 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.
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.