Handelsbanken Fonder AB Raises Position in Digital Realty Trust, Inc. (NYSE:DLR)

Handelsbanken Fonder AB lifted its stake in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 12.5% during the fourth quarter, Holdings Channel reports. The fund owned 164,917 shares of the real estate investment trust’s stock after acquiring an additional 18,277 shares during the period. Handelsbanken Fonder AB’s holdings in Digital Realty Trust were worth $29,245,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Sierra Ocean LLC purchased a new stake in Digital Realty Trust during the 4th quarter worth about $29,000. FNY Investment Advisers LLC purchased a new position in shares of Digital Realty Trust in the 4th quarter valued at about $35,000. Versant Capital Management Inc grew its position in shares of Digital Realty Trust by 480.6% during the fourth quarter. Versant Capital Management Inc now owns 209 shares of the real estate investment trust’s stock worth $37,000 after buying an additional 173 shares in the last quarter. First Financial Corp IN purchased a new stake in shares of Digital Realty Trust during the fourth quarter worth approximately $42,000. Finally, Crews Bank & Trust acquired a new stake in Digital Realty Trust in the fourth quarter valued at approximately $42,000. 99.71% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

DLR has been the subject of several analyst reports. Scotiabank upgraded shares of Digital Realty Trust from a “sector perform” rating to a “sector outperform” rating and set a $208.00 price target for the company in a report on Tuesday. Stifel Nicolaus increased their target price on Digital Realty Trust from $195.00 to $205.00 and gave the company a “buy” rating in a report on Thursday, November 21st. Jefferies Financial Group raised their price target on Digital Realty Trust from $190.00 to $205.00 and gave the company a “buy” rating in a research note on Friday, October 25th. Deutsche Bank Aktiengesellschaft raised Digital Realty Trust from a “hold” rating to a “buy” rating and upped their price objective for the stock from $185.00 to $194.00 in a research report on Wednesday, January 15th. Finally, Wells Fargo & Company cut their target price on Digital Realty Trust from $210.00 to $185.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 4th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, fifteen have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $179.95.

Insider Activity at Digital Realty Trust

In related news, CFO Matt Mercier sold 2,518 shares of the firm’s stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $187.40, for a total value of $471,873.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.17% of the stock is currently owned by insiders.

Digital Realty Trust Price Performance

Shares of DLR opened at $171.94 on Friday. The company has a market capitalization of $57.03 billion, a price-to-earnings ratio of 106.13, a price-to-earnings-growth ratio of 4.23 and a beta of 0.63. Digital Realty Trust, Inc. has a fifty-two week low of $131.42 and a fifty-two week high of $198.00. The firm has a 50-day simple moving average of $173.91 and a 200-day simple moving average of $169.29. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.61 and a current ratio of 2.07.

Digital Realty Trust (NYSE:DLR) last announced its earnings results on Thursday, February 13th. The real estate investment trust reported $1.73 earnings per share for the quarter, beating the consensus estimate of $0.27 by $1.46. Digital Realty Trust had a return on equity of 2.97% and a net margin of 10.85%. On average, equities research analysts anticipate that Digital Realty Trust, Inc. will post 7.06 earnings per share for the current year.

Digital Realty Trust Profile

Digital Realty Trust, Inc operates as a real estate investment trust, which engages in the provision of data center, colocation and interconnection solutions. It serves the following industries: artificial intelligence (AI), networks, cloud, digital media, mobile, financial services, healthcare, and gaming.