Penserra Capital Management LLC Has $9.49 Million Holdings in Digital Realty Trust, Inc. $DLR

Penserra Capital Management LLC raised its position in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 203,118.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 54,869 shares of the real estate investment trust’s stock after acquiring an additional 54,842 shares during the quarter. Penserra Capital Management LLC’s holdings in Digital Realty Trust were worth $9,485,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Pinnacle Bancorp Inc. acquired a new position in Digital Realty Trust in the third quarter valued at approximately $25,000. South Plains Financial Inc. boosted its stake in Digital Realty Trust by 280.5% during the second quarter. South Plains Financial Inc. now owns 156 shares of the real estate investment trust’s stock worth $27,000 after acquiring an additional 115 shares in the last quarter. Salomon & Ludwin LLC bought a new stake in Digital Realty Trust in the third quarter valued at $28,000. Tobam acquired a new position in shares of Digital Realty Trust during the second quarter valued at about $28,000. Finally, First Horizon Corp bought a new position in shares of Digital Realty Trust during the 3rd quarter worth about $31,000. Institutional investors own 99.71% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on DLR. Wall Street Zen cut Digital Realty Trust from a “hold” rating to a “strong sell” rating in a research note on Saturday, November 8th. UBS Group set a $189.00 price objective on shares of Digital Realty Trust in a report on Wednesday, January 14th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Digital Realty Trust in a report on Monday, January 5th. They set a “buy” rating and a $180.00 price objective for the company. Barclays upgraded shares of Digital Realty Trust from an “underweight” rating to an “equal weight” rating and upped their target price for the stock from $161.00 to $164.00 in a report on Tuesday, January 13th. Finally, KeyCorp reiterated a “sector weight” rating on shares of Digital Realty Trust in a research note on Thursday, January 29th. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat, Digital Realty Trust currently has an average rating of “Moderate Buy” and an average price target of $193.22.

Digital Realty Trust Stock Performance

Shares of DLR stock opened at $166.90 on Thursday. Digital Realty Trust, Inc. has a 52 week low of $129.95 and a 52 week high of $182.48. The firm’s 50-day simple moving average is $158.23 and its two-hundred day simple moving average is $165.77. The firm has a market cap of $57.33 billion, a price-to-earnings ratio of 43.13, a P/E/G ratio of 3.84 and a beta of 1.12. The company has a debt-to-equity ratio of 0.80, a quick ratio of 2.02 and a current ratio of 2.02.

Digital Realty Trust (NYSE:DLR) last posted its quarterly earnings data on Friday, October 31st. The real estate investment trust reported $0.15 EPS for the quarter. Digital Realty Trust had a return on equity of 6.41% and a net margin of 23.67%.The business had revenue of $1.58 billion for the quarter. As a group, equities analysts forecast that Digital Realty Trust, Inc. will post 7.07 earnings per share for the current year.

Insider Buying and Selling at Digital Realty Trust

In related news, Director Mary Hogan Preusse sold 4,166 shares of Digital Realty Trust stock in a transaction dated Monday, December 1st. The stock was sold at an average price of $157.42, for a total value of $655,811.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.13% of the company’s stock.

About Digital Realty Trust

Digital Realty Trust, Inc (NYSE: DLR) is a real estate investment trust that owns, acquires and operates carrier-neutral data centers and provides related colocation and interconnection solutions. The company focuses on large-scale, mission-critical facilities that support the physical infrastructure needs of cloud providers, enterprises, network operators and content companies. Digital Realty’s offerings are designed to enable secure, reliable and highly available IT infrastructure with an emphasis on power density, cooling, and physical security.

Digital Realty’s product set spans wholesale data center space, turnkey build-to-suit facilities, and retail colocation suites, complemented by interconnection services that allow customers to establish private and public connections to networks, cloud on-ramps and other ecosystem partners.