Digital Realty Trust, Inc. (NYSE:DLR) Position Boosted by ING Groep NV

ING Groep NV boosted its holdings in Digital Realty Trust, Inc. (NYSE:DLR) by 130.7% during the fourth quarter, HoldingsChannel.com reports. The fund owned 39,825 shares of the real estate investment trust’s stock after acquiring an additional 22,564 shares during the period. ING Groep NV’s holdings in Digital Realty Trust were worth $7,062,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of DLR. Sierra Ocean LLC bought a new position in Digital Realty Trust in the fourth quarter worth about $29,000. FNY Investment Advisers LLC bought a new stake in shares of Digital Realty Trust during the fourth quarter valued at approximately $35,000. Versant Capital Management Inc raised its holdings 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 valued at $37,000 after buying an additional 173 shares during the last quarter. First Financial Corp IN bought a new stake in shares of Digital Realty Trust during the fourth quarter valued at approximately $42,000. Finally, Crews Bank & Trust bought a new stake in shares of Digital Realty Trust during the fourth quarter valued at approximately $42,000. Institutional investors own 99.71% of the company’s stock.

Digital Realty Trust Trading Down 3.9 %

Shares of NYSE:DLR opened at $165.26 on Friday. The firm has a fifty day moving average of $173.51 and a two-hundred day moving average of $169.43. The firm has a market capitalization of $54.82 billion, a P/E ratio of 102.01, a price-to-earnings-growth ratio of 4.33 and a beta of 0.63. Digital Realty Trust, Inc. has a 12-month low of $135.54 and a 12-month high of $198.00. 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 issued its earnings results on Thursday, February 13th. The real estate investment trust reported $1.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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, equities analysts expect that Digital Realty Trust, Inc. will post 7.05 EPS for the current fiscal year.

Insider Activity at Digital Realty Trust

In related news, CFO Matt Mercier sold 2,518 shares of Digital Realty Trust stock in a transaction 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 Securities & Exchange Commission, which is accessible through this hyperlink. 0.17% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of research firms recently commented on DLR. Deutsche Bank Aktiengesellschaft upgraded shares of Digital Realty Trust from a “hold” rating to a “buy” rating and raised their price objective for the company from $185.00 to $194.00 in a research note on Wednesday, January 15th. Barclays raised their price objective 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. Stifel Nicolaus lifted their price target on shares of Digital Realty Trust from $195.00 to $205.00 and gave the stock a “buy” rating in a research report on Thursday, November 21st. Wells Fargo & Company decreased their price target on shares of 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. Finally, Royal Bank of Canada lifted their price target on shares of Digital Realty Trust from $177.00 to $207.00 and gave the stock an “outperform” rating in a research report on Monday, October 28th. 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 given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $179.95.

Digital Realty Trust Company 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.