Jones Financial Companies Lllp Raises Stake in Digital Realty Trust, Inc. $DLR

Jones Financial Companies Lllp raised its holdings in Digital Realty Trust, Inc. (NYSE:DLR) by 13.5% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 148,970 shares of the real estate investment trust’s stock after purchasing an additional 17,729 shares during the quarter. Jones Financial Companies Lllp’s holdings in Digital Realty Trust were worth $25,545,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Norges Bank acquired a new stake in Digital Realty Trust during the 2nd quarter worth approximately $3,808,270,000. Prudential Financial Inc. increased its holdings in shares of Digital Realty Trust by 87.0% in the second quarter. Prudential Financial Inc. now owns 1,456,585 shares of the real estate investment trust’s stock valued at $253,926,000 after purchasing an additional 677,483 shares during the period. Resolution Capital Ltd raised its stake in shares of Digital Realty Trust by 25.2% during the second quarter. Resolution Capital Ltd now owns 2,967,618 shares of the real estate investment trust’s stock worth $517,345,000 after purchasing an additional 596,420 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of Digital Realty Trust by 1.0% during the second quarter. Vanguard Group Inc. now owns 52,892,557 shares of the real estate investment trust’s stock worth $9,220,759,000 after purchasing an additional 513,697 shares during the period. Finally, Balyasny Asset Management L.P. acquired a new stake in shares of Digital Realty Trust during the second quarter worth $82,337,000. Institutional investors and hedge funds own 99.71% of the company’s stock.

Insiders Place Their Bets

In other Digital Realty Trust news, Director Mary Hogan Preusse sold 4,166 shares of Digital Realty Trust stock in a transaction dated Monday, December 1st. The shares were sold at an average price of $157.42, for a total transaction of $655,811.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.17% of the company’s stock.

Digital Realty Trust Price Performance

Shares of NYSE:DLR opened at $164.47 on Wednesday. The firm has a market capitalization of $56.49 billion, a price-to-earnings ratio of 42.50, a price-to-earnings-growth ratio of 3.85 and a beta of 1.12. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.02 and a quick ratio of 2.02. The business’s 50 day simple moving average is $158.08 and its 200-day simple moving average is $165.76. Digital Realty Trust, Inc. has a 12 month low of $129.95 and a 12 month high of $182.48.

Digital Realty Trust (NYSE:DLR) last issued its quarterly earnings data on Friday, October 31st. The real estate investment trust reported $0.15 earnings per share (EPS) for the quarter. The firm had revenue of $1.58 billion during the quarter. Digital Realty Trust had a return on equity of 6.41% and a net margin of 23.67%. As a group, equities analysts forecast that Digital Realty Trust, Inc. will post 7.07 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have commented on DLR shares. Mizuho cut their price objective on shares of Digital Realty Trust from $191.00 to $180.00 and set an “outperform” rating for the company in a research report on Monday, January 12th. Weiss Ratings lowered shares of Digital Realty Trust from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, January 23rd. Moffett Nathanson increased their price target on shares of Digital Realty Trust from $166.00 to $172.00 and gave the stock a “neutral” rating in a report on Friday, December 12th. Morgan Stanley assumed coverage on Digital Realty Trust in a report on Thursday, October 16th. They issued an “equal weight” rating and a $195.00 price objective on the stock. Finally, JPMorgan Chase & Co. boosted their target price on Digital Realty Trust from $200.00 to $210.00 and gave the stock an “overweight” rating in a research report on Friday, October 24th. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and nine have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $193.22.

Digital Realty Trust Company Profile

Digital Realty Trust, Inc (NYSE: DLR) is a real estate investment trust that owns, acquires and operates carrier-neutral data centers and provides related colocation and interconnection solutions. The company focuses on large-scale, mission-critical facilities that support the physical infrastructure needs of cloud providers, enterprises, network operators and content companies. Digital Realty’s offerings are designed to enable secure, reliable and highly available IT infrastructure with an emphasis on power density, cooling, and physical security.

Digital Realty’s product set spans wholesale data center space, turnkey build-to-suit facilities, and retail colocation suites, complemented by interconnection services that allow customers to establish private and public connections to networks, cloud on-ramps and other ecosystem partners.