Smith Salley & Associates Sells 702 Shares of DIGITAL RLTY TR/SH (DLR)

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Smith Salley & Associates reduced its position in shares of DIGITAL RLTY TR/SH (NYSE:DLR) by 2.5% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 27,384 shares of the real estate investment trust’s stock after selling 702 shares during the quarter. Smith Salley & Associates’ holdings in DIGITAL RLTY TR/SH were worth $3,080,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently made changes to their positions in DLR. First Republic Investment Management Inc. acquired a new position in shares of DIGITAL RLTY TR/SH during the 2nd quarter worth about $46,477,000. American Century Companies Inc. grew its position in shares of DIGITAL RLTY TR/SH by 86.1% during the 3rd quarter. American Century Companies Inc. now owns 541,222 shares of the real estate investment trust’s stock worth $60,877,000 after buying an additional 250,397 shares during the period. Osterweis Capital Management Inc. acquired a new position in shares of DIGITAL RLTY TR/SH during the 2nd quarter worth about $24,663,000. Security Capital Research & Management Inc. grew its position in shares of DIGITAL RLTY TR/SH by 50.7% during the 2nd quarter. Security Capital Research & Management Inc. now owns 482,605 shares of the real estate investment trust’s stock worth $53,849,000 after buying an additional 162,300 shares during the period. Finally, Presima Inc. grew its position in shares of DIGITAL RLTY TR/SH by 42.2% during the 3rd quarter. Presima Inc. now owns 505,700 shares of the real estate investment trust’s stock worth $56,881,000 after buying an additional 150,000 shares during the period. 98.28% of the stock is owned by hedge funds and other institutional investors.

Shares of DLR opened at $110.62 on Friday. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.34 and a quick ratio of 0.30. DIGITAL RLTY TR/SH has a 52-week low of $96.56 and a 52-week high of $125.10. The company has a market capitalization of $23.09 billion, a P/E ratio of 18.02, a price-to-earnings-growth ratio of 2.46 and a beta of 0.41.

DIGITAL RLTY TR/SH (NYSE:DLR) last issued its quarterly earnings data on Thursday, October 25th. The real estate investment trust reported $0.33 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.62 by ($1.29). DIGITAL RLTY TR/SH had a net margin of 11.78% and a return on equity of 3.96%. The business had revenue of $768.92 million during the quarter, compared to analyst estimates of $773.08 million. Equities analysts forecast that DIGITAL RLTY TR/SH will post 6.6 EPS for the current year.

Several equities analysts have recently issued reports on the company. Jefferies Financial Group restated a “hold” rating and set a $125.00 target price on shares of DIGITAL RLTY TR/SH in a research report on Friday, July 27th. BMO Capital Markets assumed coverage on DIGITAL RLTY TR/SH in a research report on Tuesday, July 17th. They set a “market perform” rating and a $120.00 target price for the company. Zacks Investment Research upgraded DIGITAL RLTY TR/SH from a “hold” rating to a “buy” rating and set a $137.00 target price for the company in a research report on Wednesday, August 8th. Stifel Nicolaus assumed coverage on DIGITAL RLTY TR/SH in a research report on Tuesday, July 17th. They set a “buy” rating and a $128.00 target price for the company. Finally, Guggenheim upgraded DIGITAL RLTY TR/SH from a “neutral” rating to a “buy” rating and set a $125.00 target price for the company in a research report on Monday, October 22nd. Seven investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $126.06.

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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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