Convergence Investment Partners LLC Makes New $913,000 Investment in Digital Realty Trust, Inc. $DLR

Convergence Investment Partners LLC acquired a new position in shares of Digital Realty Trust, Inc. (NYSE:DLR) during the third quarter, Holdings Channel reports. The institutional investor acquired 5,279 shares of the real estate investment trust’s stock, valued at approximately $913,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of DLR. Pinnacle Bancorp Inc. acquired a new stake in Digital Realty Trust in the 3rd quarter valued at about $25,000. South Plains Financial Inc. increased its stake 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 buying an additional 115 shares during the period. Tobam purchased a new position in Digital Realty Trust in the second quarter worth approximately $28,000. Salomon & Ludwin LLC acquired a new position in Digital Realty Trust during the 3rd quarter worth approximately $28,000. Finally, First Horizon Corp purchased a new stake in shares of Digital Realty Trust in the 3rd quarter valued at approximately $31,000. 99.71% of the stock is currently owned by hedge funds and other institutional investors.

Digital Realty Trust Stock Down 0.4%

Shares of NYSE:DLR opened at $165.25 on Tuesday. Digital Realty Trust, Inc. has a 1-year low of $129.95 and a 1-year high of $182.48. 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 stock has a market cap of $56.76 billion, a P/E ratio of 42.70, a P/E/G ratio of 3.87 and a beta of 1.11. The firm has a fifty day moving average price of $157.93 and a 200 day moving average price of $165.86.

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

Insiders Place Their Bets

In other Digital Realty Trust 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 transaction of $655,811.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.13% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on DLR shares. Jefferies Financial Group decreased their price objective on shares of Digital Realty Trust from $206.00 to $184.00 and set a “buy” rating for the company in a research report on Tuesday, December 16th. Wolfe Research raised Digital Realty Trust from a “peer perform” rating to an “outperform” rating and set a $194.00 price objective for the company in a research report on Monday, October 20th. Bank of America reissued a “neutral” rating and set a $170.00 target price (down previously from $210.00) on shares of Digital Realty Trust in a research report on Thursday, January 8th. Barclays raised Digital Realty Trust from an “underweight” rating to an “equal weight” rating and upped their price target for the company from $161.00 to $164.00 in a report on Tuesday, January 13th. Finally, Hsbc Global Res raised shares of Digital Realty Trust from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 15th. 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.com, the company has an average rating of “Moderate Buy” and an average price target 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.