Thrivent Financial for Lutherans Increases Stock Holdings in Digital Realty Trust, Inc. $DLR

Thrivent Financial for Lutherans grew its holdings in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 18.1% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 92,000 shares of the real estate investment trust’s stock after purchasing an additional 14,107 shares during the period. Thrivent Financial for Lutherans’ holdings in Digital Realty Trust were worth $15,905,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in DLR. Pinnacle Bancorp Inc. acquired a new stake in Digital Realty Trust during the 3rd quarter worth approximately $25,000. South Plains Financial Inc. increased its position in shares of Digital Realty Trust by 280.5% during the second quarter. South Plains Financial Inc. now owns 156 shares of the real estate investment trust’s stock worth $27,000 after acquiring an additional 115 shares during the period. Tobam acquired a new stake in shares of Digital Realty Trust in the second quarter valued at $28,000. Salomon & Ludwin LLC purchased a new position in Digital Realty Trust in the third quarter valued at $28,000. Finally, First Horizon Corp acquired a new position in Digital Realty Trust during the 3rd quarter worth $31,000. Hedge funds and other institutional investors own 99.71% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on DLR shares. The Goldman Sachs Group started coverage on Digital Realty Trust in a research note on Thursday, December 18th. They issued a “buy” rating and a $188.00 price objective for the company. Wolfe Research upgraded shares of Digital Realty Trust from a “peer perform” rating to an “outperform” rating and set a $194.00 price target for the company in a research note on Monday, October 20th. KeyCorp reiterated a “sector weight” rating on shares of Digital Realty Trust in a report on Thursday, January 29th. Moffett Nathanson raised their price objective on shares of Digital Realty Trust from $166.00 to $172.00 and gave the company a “neutral” rating in a report on Friday, December 12th. Finally, Citigroup boosted their target price on shares of Digital Realty Trust from $200.00 to $212.00 and gave the stock a “buy” rating in a research note on Wednesday, October 29th. Two research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and nine have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $193.22.

Digital Realty Trust Price Performance

Shares of DLR opened at $164.47 on Wednesday. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.02 and a quick ratio of 2.02. Digital Realty Trust, Inc. has a 1-year low of $129.95 and a 1-year high of $182.48. The stock has a market cap of $56.49 billion, a PE ratio of 42.50, a price-to-earnings-growth ratio of 3.85 and a beta of 1.12. The firm has a fifty day moving average price of $158.08 and a 200 day moving average price of $165.76.

Digital Realty Trust (NYSE:DLR) last posted its earnings results on Friday, October 31st. The real estate investment trust reported $0.15 EPS for the quarter. Digital Realty Trust had a return on equity of 6.41% and a net margin of 23.67%.The business had revenue of $1.58 billion for the quarter. As a group, sell-side analysts anticipate that Digital Realty Trust, Inc. will post 7.07 EPS for the current year.

Insiders Place Their Bets

In other news, Director Mary Hogan Preusse sold 4,166 shares of the stock in a transaction that occurred on Monday, December 1st. The stock was sold at an average price of $157.42, for a total value of $655,811.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.17% of the company’s stock.

Digital Realty Trust 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.