LDR Capital Management LLC Makes New Investment in Digital Realty Trust, Inc. (NYSE:DLR)

LDR Capital Management LLC purchased a new position in Digital Realty Trust, Inc. (NYSE:DLRFree Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 7,592 shares of the real estate investment trust’s stock, valued at approximately $1,346,000. Digital Realty Trust comprises about 1.8% of LDR Capital Management LLC’s investment portfolio, making the stock its 26th largest position.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Sigma Planning Corp increased its position in shares of Digital Realty Trust by 1.6% during the fourth quarter. Sigma Planning Corp now owns 15,526 shares of the real estate investment trust’s stock valued at $2,753,000 after buying an additional 244 shares during the period. Turning Point Benefit Group Inc. bought a new stake in shares of Digital Realty Trust during the fourth quarter valued at approximately $306,000. Compass Capital Corp MA ADV purchased a new stake in Digital Realty Trust in the fourth quarter worth approximately $494,000. Centricity Wealth Management LLC purchased a new stake in Digital Realty Trust in the fourth quarter worth approximately $37,000. Finally, Trinity Legacy Partners LLC boosted its holdings in Digital Realty Trust by 2.5% in the fourth quarter. Trinity Legacy Partners LLC now owns 24,558 shares of the real estate investment trust’s stock worth $4,355,000 after purchasing an additional 608 shares during the last quarter. 99.71% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on DLR shares. Barclays lifted their target price on shares of Digital Realty Trust from $135.00 to $142.00 and gave the company an “underweight” rating in a research note on Monday, November 18th. JPMorgan Chase & Co. boosted their target price on shares of Digital Realty Trust from $185.00 to $190.00 and gave the stock an “overweight” rating in a report on Friday, February 14th. Raymond James upped their price target on shares of Digital Realty Trust from $170.00 to $190.00 and gave the company a “strong-buy” rating in a report on Friday, October 25th. Scotiabank upgraded shares of Digital Realty Trust from a “sector perform” rating to a “sector outperform” rating and set a $208.00 price target on the stock in a report on Tuesday. Finally, Deutsche Bank Aktiengesellschaft raised shares of Digital Realty Trust from a “hold” rating to a “buy” rating and boosted their price objective for the company from $185.00 to $194.00 in a research report on Wednesday, January 15th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating, fifteen have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, Digital Realty Trust presently has an average rating of “Moderate Buy” and a consensus target price of $179.95.

View Our Latest Stock Analysis on Digital Realty Trust

Insiders Place Their Bets

In other Digital Realty Trust news, CFO Matt Mercier sold 2,518 shares of the company’s stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $187.40, for a total value of $471,873.20. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Company insiders own 0.17% of the company’s stock.

Digital Realty Trust Stock Performance

DLR stock opened at $165.26 on Friday. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.61 and a current ratio of 2.07. The stock has a market capitalization of $54.82 billion, a price-to-earnings ratio of 102.01, a PEG ratio of 4.33 and a beta of 0.63. Digital Realty Trust, Inc. has a 1 year low of $135.54 and a 1 year high of $198.00. The stock’s fifty day moving average is $173.51 and its two-hundred day moving average is $169.43.

Digital Realty Trust (NYSE:DLRGet Free Report) last issued its quarterly earnings results on Thursday, February 13th. The real estate investment trust reported $1.73 EPS for the quarter, topping the consensus estimate of $0.27 by $1.46. Digital Realty Trust had a net margin of 10.85% and a return on equity of 2.97%. On average, research analysts predict that Digital Realty Trust, Inc. will post 7.05 EPS for the current year.

Digital Realty Trust Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Digital Realty Trust (NYSE:DLR)

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