Aberdeen Group plc raised its position in Digital Realty Trust, Inc. (NYSE:DLR – Free Report) by 6.8% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 934,898 shares of the real estate investment trust’s stock after purchasing an additional 59,815 shares during the quarter. Aberdeen Group plc owned about 0.27% of Digital Realty Trust worth $158,652,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in DLR. Vanguard Group Inc. grew its stake 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. Norges Bank bought a new stake in Digital Realty Trust during the second quarter worth about $3,808,270,000. State Street Corp lifted its position in shares of Digital Realty Trust by 1.9% during the 2nd quarter. State Street Corp now owns 20,405,760 shares of the real estate investment trust’s stock worth $3,557,336,000 after buying an additional 376,699 shares during the last quarter. Geode Capital Management LLC lifted its holdings in Digital Realty Trust by 2.3% during the 2nd quarter. Geode Capital Management LLC now owns 8,850,818 shares of the real estate investment trust’s stock worth $1,536,795,000 after buying an additional 196,579 shares during the period. Finally, Canada Pension Plan Investment Board grew its holdings in Digital Realty Trust by 3.0% in the second quarter. Canada Pension Plan Investment Board now owns 7,356,429 shares of the real estate investment trust’s stock worth $1,282,446,000 after purchasing an additional 211,692 shares during the period. 99.71% of the stock is currently owned by hedge funds and other institutional investors.
Digital Realty Trust Stock Up 0.4%
Shares of NYSE DLR opened at $181.01 on Friday. The business’s fifty day simple moving average is $160.21 and its 200-day simple moving average is $165.55. The company has a current ratio of 1.59, a quick ratio of 2.02 and a debt-to-equity ratio of 0.81. The stock has a market cap of $62.18 billion, a P/E ratio of 50.28, a PEG ratio of 4.00 and a beta of 1.12. Digital Realty Trust, Inc. has a 12-month low of $129.95 and a 12-month high of $184.79.
Insider Activity
In other Digital Realty Trust news, Director Mary Hogan Preusse sold 4,166 shares of the business’s stock in a transaction dated Monday, December 1st. The stock was sold at an average price of $157.42, for a total transaction of $655,811.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.13% of the company’s stock.
Analyst Ratings Changes
A number of equities analysts have commented on the stock. Moffett Nathanson boosted their price target on shares of Digital Realty Trust from $166.00 to $172.00 and gave the stock a “neutral” rating in a research note on Friday, December 12th. Weiss Ratings cut shares of Digital Realty Trust from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, January 23rd. Wall Street Zen cut Digital Realty Trust from a “hold” rating to a “strong sell” rating in a research note on Saturday, November 8th. Raymond James Financial dropped their target price on shares of Digital Realty Trust from $205.00 to $195.00 and set a “strong-buy” rating on the stock in a report on Wednesday. Finally, HSBC set a $193.00 target price on Digital Realty Trust and gave the stock a “buy” rating in a research note on Thursday, January 15th. Two research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and nine have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Digital Realty Trust presently has a consensus rating of “Moderate Buy” and an average target price of $191.70.
Read Our Latest Stock Analysis on DLR
About Digital Realty Trust
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.
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