Huntington National Bank lifted its stake in shares of DIGITAL RLTY TR/SH (NYSE:DLR) by 17.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 69,582 shares of the real estate investment trust’s stock after acquiring an additional 10,400 shares during the quarter. Huntington National Bank’s holdings in DIGITAL RLTY TR/SH were worth $8,196,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of DLR. Norges Bank acquired a new position in DIGITAL RLTY TR/SH in the fourth quarter worth approximately $218,327,000. FMR LLC grew its position in DIGITAL RLTY TR/SH by 21.8% in the fourth quarter. FMR LLC now owns 4,000,378 shares of the real estate investment trust’s stock worth $426,240,000 after buying an additional 717,113 shares during the last quarter. Wells Fargo & Company MN grew its position in DIGITAL RLTY TR/SH by 126.1% in the first quarter. Wells Fargo & Company MN now owns 534,577 shares of the real estate investment trust’s stock worth $63,615,000 after buying an additional 298,168 shares during the last quarter. Ferguson Wellman Capital Management Inc. grew its position in DIGITAL RLTY TR/SH by 267.4% in the first quarter. Ferguson Wellman Capital Management Inc. now owns 337,496 shares of the real estate investment trust’s stock worth $40,162,000 after buying an additional 245,639 shares during the last quarter. Finally, Geode Capital Management LLC grew its position in DIGITAL RLTY TR/SH by 7.2% in the fourth quarter. Geode Capital Management LLC now owns 3,250,993 shares of the real estate investment trust’s stock worth $345,892,000 after buying an additional 217,995 shares during the last quarter. Institutional investors and hedge funds own 99.17% of the company’s stock.

DLR has been the topic of several recent research reports. Stifel Nicolaus restated a “buy” rating and issued a $170.00 price target on shares of Spotify in a research report on Friday, April 26th. Cowen restated a “buy” rating and issued a $32.00 price target on shares of Allegheny Technologies in a research report on Tuesday, July 23rd. ValuEngine upgraded shares of Zogenix from a “buy” rating to a “strong-buy” rating in a research report on Thursday, June 27th. Argus initiated coverage on shares of DIGITAL RLTY TR/SH in a research report on Wednesday, July 3rd. They issued a “buy” rating and a $140.00 price target on the stock. Finally, Zacks Investment Research upgraded shares of Booz Allen Hamilton from a “hold” rating to a “buy” rating and set a $71.00 price target on the stock in a research report on Friday, June 28th. Seven research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $126.58.

In other DIGITAL RLTY TR/SH news, insider Edward F. Sham sold 17,233 shares of DIGITAL RLTY TR/SH stock in a transaction on Monday, May 6th. The shares were sold at an average price of $119.65, for a total transaction of $2,061,928.45. Following the completion of the sale, the insider now owns 21,571 shares of the company’s stock, valued at approximately $2,580,970.15. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Kevin Kennedy sold 300 shares of DIGITAL RLTY TR/SH stock in a transaction on Thursday, June 20th. The shares were sold at an average price of $125.00, for a total transaction of $37,500.00. Following the sale, the director now directly owns 300 shares of the company’s stock, valued at approximately $37,500. The disclosure for this sale can be found here. Insiders sold a total of 29,333 shares of company stock valued at $3,537,128 in the last ninety days. Company insiders own 0.49% of the company’s stock.

DIGITAL RLTY TR/SH stock traded down $1.30 during midday trading on Friday, reaching $111.53. The stock had a trading volume of 1,493,956 shares, compared to its average volume of 822,331. The firm has a fifty day moving average of $119.50. DIGITAL RLTY TR/SH has a twelve month low of $100.05 and a twelve month high of $125.19. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.05 and a current ratio of 0.05. The firm has a market cap of $23.23 billion, a price-to-earnings ratio of 16.90, a price-to-earnings-growth ratio of 2.41 and a beta of 0.40.

DIGITAL RLTY TR/SH (NYSE:DLR) last posted its quarterly earnings data on Thursday, April 25th. The real estate investment trust reported $1.73 EPS for the quarter, topping analysts’ consensus estimates of $1.65 by $0.08. DIGITAL RLTY TR/SH had a net margin of 10.95% and a return on equity of 3.27%. The firm had revenue of $814.50 million during the quarter, compared to analyst estimates of $800.13 million. During the same quarter last year, the business posted $1.63 EPS. The company’s revenue was up 9.4% on a year-over-year basis. As a group, research analysts predict that DIGITAL RLTY TR/SH will post 6.67 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, June 14th were paid a $1.08 dividend. This represents a $4.32 dividend on an annualized basis and a yield of 3.87%. The ex-dividend date was Thursday, June 13th. DIGITAL RLTY TR/SH’s dividend payout ratio is 65.45%.

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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