Longbow Finance SA Grows Stock Position in Digital Realty Trust, Inc. (NYSE:DLR)

Longbow Finance SA increased its stake in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 5.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,663 shares of the real estate investment trust’s stock after purchasing an additional 552 shares during the quarter. Longbow Finance SA’s holdings in Digital Realty Trust were worth $2,068,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the stock. Daiwa Securities Group Inc. raised its holdings in Digital Realty Trust by 2.5% in the third quarter. Daiwa Securities Group Inc. now owns 4,843,432 shares of the real estate investment trust’s stock valued at $783,812,000 after acquiring an additional 117,461 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Digital Realty Trust by 501.7% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,326,914 shares of the real estate investment trust’s stock worth $700,224,000 after buying an additional 3,607,802 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in shares of Digital Realty Trust by 2.0% in the 4th quarter. Principal Financial Group Inc. now owns 3,950,237 shares of the real estate investment trust’s stock valued at $700,486,000 after buying an additional 79,322 shares in the last quarter. abrdn plc grew its position in shares of Digital Realty Trust by 17.3% in the 3rd quarter. abrdn plc now owns 1,955,741 shares of the real estate investment trust’s stock valued at $315,999,000 after buying an additional 288,772 shares during the last quarter. Finally, Pathway Financial Advisers LLC raised its stake in Digital Realty Trust by 15,301.1% during the 3rd quarter. Pathway Financial Advisers LLC now owns 1,850,292 shares of the real estate investment trust’s stock worth $299,433,000 after acquiring an additional 1,838,278 shares in the last quarter. Institutional investors and hedge funds own 99.71% of the company’s stock.

Digital Realty Trust Stock Down 3.7 %

Shares of NYSE DLR opened at $159.32 on Tuesday. The stock has a market capitalization of $52.85 billion, a price-to-earnings ratio of 98.34, a price-to-earnings-growth ratio of 4.38 and a beta of 0.63. Digital Realty Trust, Inc. has a 52 week low of $135.54 and a 52 week high of $198.00. The firm has a 50-day moving average price of $172.99 and a 200 day moving average price of $169.80. The company has a quick ratio of 1.61, a current ratio of 2.07 and a debt-to-equity ratio of 0.80.

Digital Realty Trust (NYSE:DLR) last released its quarterly earnings results on Thursday, February 13th. The real estate investment trust reported $1.73 earnings per share for the quarter, topping analysts’ consensus estimates of $0.27 by $1.46. Digital Realty Trust had a return on equity of 2.97% and a net margin of 10.85%. Equities research analysts anticipate that Digital Realty Trust, Inc. will post 7.07 EPS for the current fiscal year.

Insider Buying and Selling at Digital Realty Trust

In other news, CFO Matt Mercier sold 2,518 shares of the stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $187.40, for a total value of $471,873.20. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 0.17% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

DLR has been the subject of several research analyst reports. Deutsche Bank Aktiengesellschaft upgraded shares of Digital Realty Trust from a “hold” rating to a “buy” rating and upped their price objective for the company from $185.00 to $194.00 in a research note on Wednesday, January 15th. Citizens Jmp upgraded Digital Realty Trust to a “strong-buy” rating in a research note on Monday, January 27th. JMP Securities reaffirmed a “market outperform” rating and set a $220.00 price target on shares of Digital Realty Trust in a research report on Tuesday, February 18th. Scotiabank raised Digital Realty Trust from a “sector perform” rating to a “sector outperform” rating and set a $208.00 price objective for the company in a report on Tuesday, February 18th. Finally, Wells Fargo & Company reduced their price target on shares of Digital Realty Trust from $210.00 to $185.00 and set an “overweight” rating for the company in a research report on Tuesday, February 4th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating, fifteen have given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Digital Realty Trust presently has a consensus rating of “Moderate Buy” and a consensus price target of $179.95.

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.