Indie Asset Partners LLC bought a new stake in shares of Digital Realty Trust, Inc. (NYSE:DLR) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 3,438 shares of the real estate investment trust’s stock, valued at approximately $480,000.
Other hedge funds also recently modified their holdings of the company. Meeder Asset Management Inc. raised its holdings in Digital Realty Trust by 7.5% in the 3rd quarter. Meeder Asset Management Inc. now owns 1,001 shares of the real estate investment trust’s stock worth $147,000 after purchasing an additional 70 shares during the period. EFG Asset Management Americas Corp. raised its holdings in Digital Realty Trust by 1.0% during the fourth quarter. EFG Asset Management Americas Corp. now owns 7,009 shares of the real estate investment trust’s stock valued at $978,000 after acquiring an additional 70 shares during the period. Advisor Partners LLC increased its holdings in shares of Digital Realty Trust by 1.0% in the third quarter. Advisor Partners LLC now owns 7,155 shares of the real estate investment trust’s stock worth $1,050,000 after purchasing an additional 72 shares during the last quarter. CI Investments Inc. grew its position in Digital Realty Trust by 10.4% in the fourth quarter. CI Investments Inc. now owns 764 shares of the real estate investment trust’s stock worth $107,000 after acquiring an additional 72 shares in the last quarter. Finally, Covington Capital Management grew its position in Digital Realty Trust by 50.0% in the third quarter. Covington Capital Management now owns 225 shares of the real estate investment trust’s stock worth $33,000 after acquiring an additional 75 shares in the last quarter. Institutional investors own 96.10% of the company’s stock.
Several research firms recently commented on DLR. Credit Suisse Group lifted their price target on Digital Realty Trust from $173.00 to $179.00 and gave the stock an “outperform” rating in a research report on Friday, October 30th. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell upgraded Digital Realty Trust from a “neutral” rating to a “buy” rating and dropped their price target for the stock from $161.00 to $160.00 in a research report on Friday, November 13th. Mizuho began coverage on Digital Realty Trust in a research report on Wednesday, December 2nd. They issued a “buy” rating and a $165.00 price target for the company. TheStreet lowered Digital Realty Trust from a “b-” rating to a “c+” rating in a research report on Tuesday, December 1st. Finally, Raymond James dropped their price target on Digital Realty Trust from $175.00 to $168.00 and set a “strong-buy” rating for the company in a research report on Tuesday, February 16th. They noted that the move was a valuation call. Five investment analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $160.55.
Shares of Digital Realty Trust stock traded up $0.63 on Tuesday, hitting $138.23. 27,975 shares of the company traded hands, compared to its average volume of 1,739,918. The stock’s 50 day moving average price is $139.86 and its 200-day moving average price is $144.09. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 0.74. Digital Realty Trust, Inc. has a 52 week low of $105.00 and a 52 week high of $165.49. The company has a market cap of $38.73 billion, a PE ratio of 56.07, a PEG ratio of 3.01 and a beta of 0.10.
Digital Realty Trust (NYSE:DLR) last posted its quarterly earnings results on Thursday, February 11th. The real estate investment trust reported $0.16 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.52 by ($1.36). Digital Realty Trust had a net margin of 17.50% and a return on equity of 5.31%. As a group, research analysts anticipate that Digital Realty Trust, Inc. will post 6.13 EPS for the current fiscal year.
Digital Realty Trust Profile
Digital Realty supports the world's leading enterprises and service providers by delivering the full spectrum of data center, colocation and interconnection solutions. PlatformDIGITALR, the company's global data center platform, provides customers a trusted foundation and proven Pervasive Datacenter Architecture PDxTM solution methodology for scaling digital business and efficiently managing data gravity challenges.
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