Lynx Investment Advisory Takes Position in Digital Realty Trust, Inc. (NYSE:DLR)

Lynx Investment Advisory purchased a new stake in Digital Realty Trust, Inc. (NYSE:DLR) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 426 shares of the real estate investment trust’s stock, valued at approximately $65,000.

A number of other hedge funds also recently made changes to their positions in the stock. DAVENPORT & Co LLC raised its holdings in Digital Realty Trust by 2.6% in the 4th quarter. DAVENPORT & Co LLC now owns 5,681 shares of the real estate investment trust’s stock valued at $764,000 after buying an additional 143 shares during the last quarter. Private Trust Co. NA raised its holdings in Digital Realty Trust by 6.5% in the 4th quarter. Private Trust Co. NA now owns 3,801 shares of the real estate investment trust’s stock valued at $511,000 after buying an additional 231 shares during the last quarter. International Assets Investment Management LLC bought a new position in Digital Realty Trust in the 4th quarter valued at approximately $21,101,000. Prime Capital Investment Advisors LLC raised its holdings in Digital Realty Trust by 77.2% during the 4th quarter. Prime Capital Investment Advisors LLC now owns 6,547 shares of the real estate investment trust’s stock worth $881,000 after purchasing an additional 2,853 shares during the last quarter. Finally, Stratos Wealth Partners LTD. raised its holdings in Digital Realty Trust by 8.2% during the 4th quarter. Stratos Wealth Partners LTD. now owns 7,758 shares of the real estate investment trust’s stock worth $1,044,000 after purchasing an additional 588 shares during the last quarter. 99.71% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Digital Realty Trust

In other news, Director Jean F. H. P. Mandeville sold 600 shares of the firm’s stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $150.26, for a total value of $90,156.00. Following the transaction, the director now owns 9,055 shares in the company, valued at $1,360,604.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.17% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on DLR shares. BMO Capital Markets upgraded shares of Digital Realty Trust from a “market perform” rating to an “outperform” rating and boosted their price target for the stock from $144.00 to $170.00 in a research report on Wednesday, June 26th. Wells Fargo & Company boosted their price target on shares of Digital Realty Trust from $155.00 to $170.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 23rd. The Goldman Sachs Group started coverage on shares of Digital Realty Trust in a research report on Monday, July 1st. They issued a “buy” rating and a $175.00 price target on the stock. Royal Bank of Canada boosted their price target on shares of Digital Realty Trust from $144.00 to $160.00 and gave the stock an “outperform” rating in a research report on Monday, June 3rd. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on shares of Digital Realty Trust from $143.00 to $145.00 and gave the stock a “hold” rating in a research report on Thursday, May 30th. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Digital Realty Trust presently has an average rating of “Hold” and a consensus target price of $153.44.

Digital Realty Trust Price Performance

Shares of DLR stock traded up $0.63 during trading on Wednesday, hitting $149.26. The company had a trading volume of 445,289 shares, compared to its average volume of 1,909,611. The company has a quick ratio of 1.29, a current ratio of 1.78 and a debt-to-equity ratio of 0.81. The stock’s 50-day moving average is $150.28 and its two-hundred day moving average is $145.13. The stock has a market capitalization of $46.63 billion, a price-to-earnings ratio of 41.29, a price-to-earnings-growth ratio of 10.97 and a beta of 0.59. Digital Realty Trust, Inc. has a 52 week low of $113.94 and a 52 week high of $162.58.

Digital Realty Trust (NYSE:DLR) last issued its quarterly earnings results on Thursday, July 25th. The real estate investment trust reported $0.20 EPS for the quarter, missing analysts’ consensus estimates of $1.63 by ($1.43). Digital Realty Trust had a net margin of 20.58% and a return on equity of 5.93%. The business had revenue of $1.36 billion for the quarter, compared to the consensus estimate of $1.38 billion. During the same quarter in the previous year, the business earned $1.68 earnings per share. The firm’s revenue was down .7% on a year-over-year basis. As a group, analysts predict that Digital Realty Trust, Inc. will post 6.67 EPS for the current fiscal year.

Digital Realty Trust Profile

Digital Realty brings companies and data together by delivering the full spectrum of data center, colocation, and interconnection solutions. PlatformDIGITAL, the company's global data center platform, provides customers with a secure data meeting place and a proven Pervasive Datacenter Architecture (PDx) solution methodology for powering innovation and efficiently managing Data Gravity challenges.