Convergence Investment Partners LLC Takes Position in Digital Realty Trust, Inc. $DLR

Convergence Investment Partners LLC purchased a new position in Digital Realty Trust, Inc. (NYSE:DLR) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 5,279 shares of the real estate investment trust’s stock, valued at approximately $913,000.

Other large investors also recently bought and sold shares of the company. Pinnacle Bancorp Inc. acquired a new stake in shares of Digital Realty Trust in the third quarter valued at approximately $25,000. South Plains Financial Inc. boosted its stake in 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 buying an additional 115 shares during the last quarter. Tobam purchased a new stake in Digital Realty Trust in the 2nd quarter valued at $28,000. Salomon & Ludwin LLC acquired a new stake in shares of Digital Realty Trust in the 3rd quarter worth $28,000. Finally, First Horizon Corp purchased a new position in shares of Digital Realty Trust during the 3rd quarter worth $31,000. Hedge funds and other institutional investors own 99.71% of the company’s stock.

Digital Realty Trust Stock Performance

NYSE:DLR opened at $165.25 on Tuesday. Digital Realty Trust, Inc. has a fifty-two week low of $129.95 and a fifty-two week high of $182.48. The company has a debt-to-equity ratio of 0.80, a quick ratio of 2.02 and a current ratio of 2.02. The company has a 50 day moving average price of $157.93 and a 200 day moving average price of $165.86. The stock has a market capitalization of $56.76 billion, a P/E ratio of 42.70, a PEG ratio of 3.87 and a beta of 1.11.

Digital Realty Trust (NYSE:DLR) last announced its earnings results on Friday, October 31st. The real estate investment trust reported $0.15 earnings per share (EPS) for the quarter. Digital Realty Trust had a return on equity of 6.41% and a net margin of 23.67%.The company had revenue of $1.58 billion for the quarter. Equities research analysts forecast that Digital Realty Trust, Inc. will post 7.07 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. UBS Group set a $189.00 price objective on shares of Digital Realty Trust in a research report on Wednesday, January 14th. Barclays raised shares of Digital Realty Trust from an “underweight” rating to an “equal weight” rating and increased their price target for the company from $161.00 to $164.00 in a research note on Tuesday, January 13th. Morgan Stanley assumed coverage on shares of Digital Realty Trust in a research report on Thursday, October 16th. They set an “equal weight” rating and a $195.00 price target on the stock. JPMorgan Chase & Co. increased their price objective 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. Finally, TD Cowen reissued a “hold” rating on shares of Digital Realty Trust in a research note on Friday, October 24th. Two analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and nine have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Digital Realty Trust presently has an average rating of “Moderate Buy” and an average price target of $193.22.

Insider Buying and Selling

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 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 is available through this link. 0.13% of the stock is owned by company insiders.

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.