Aew Capital Management Inc. Makes New $86.15 Million Investment in Digital Realty Trust, Inc. $DLR

Key Points

• Aew Capital Management acquired 490,813 Digital Realty shares in the third quarter, worth about $86.15 million. The position represents 5.7% of its portfolio and makes DLR its fourth-largest holding.
• Analysts have a consensus “Moderate Buy” rating and an average price target of $221.53; 28 rate the stock Buy or Strong Buy, while six rate it Hold.
• Digital Realty’s latest quarterly revenue rose 20.6% year over year to $1.90 billion, topping estimates, but adjusted earnings of $0.48 per share fell short of the $0.52 consensus.

Aew Capital Management Inc. acquired a new position in shares of Digital Realty Trust, Inc. (NYSE:DLR - Free Report) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 490,813 shares of the real estate investment trust's stock, valued at approximately $86,152,000. Digital Realty Trust accounts for about 5.7% of Aew Capital Management Inc.'s portfolio, making the stock its 4th largest holding. Aew Capital Management Inc. owned approximately 0.13% of Digital Realty Trust as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also made changes to their positions in the business. Ritholtz Wealth Management bought a new position in shares of Digital Realty Trust in the third quarter valued at about $262,000. Jacobi Capital Management LLC lifted its position in Digital Realty Trust by 1.3% during the 3rd quarter. Jacobi Capital Management LLC now owns 6,346 shares of the real estate investment trust's stock worth $1,114,000 after buying an additional 84 shares in the last quarter. First Command Advisory Services Inc. grew its holdings in Digital Realty Trust by 71.7% during the 3rd quarter. First Command Advisory Services Inc. now owns 2,153 shares of the real estate investment trust's stock worth $378,000 after acquiring an additional 899 shares during the last quarter. Machina Capital S.A.S. acquired a new stake in Digital Realty Trust in the 3rd quarter valued at about $2,034,000. Finally, Knights of Columbus Asset Advisors LLC increased its position in Digital Realty Trust by 15.5% in the 3rd quarter. Knights of Columbus Asset Advisors LLC now owns 43,839 shares of the real estate investment trust's stock valued at $7,695,000 after acquiring an additional 5,894 shares in the last quarter. 99.71% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Digital Realty Trust news, Director Mark Patterson sold 200 shares of the company's stock in a transaction on Thursday, August 27th. The shares were sold at an average price of $193.96, for a total value of $38,792.00. Following the transaction, the director directly owned 6,322 shares in the company, valued at $1,226,215.12. The trade was a 3.07% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.15% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on DLR. Rothschild & Co Redburn assumed coverage on shares of Digital Realty Trust in a research report on Monday, September 21st. They set a "buy" rating and a $227.00 target price on the stock. KeyCorp reissued a "sector weight" rating on shares of Digital Realty Trust in a report on Friday, July 24th. Guggenheim upgraded shares of Digital Realty Trust from a "neutral" rating to a "buy" rating and set a $200.00 price objective for the company in a research report on Wednesday, July 15th. Canadian Imperial Bank of Commerce initiated coverage on Digital Realty Trust in a report on Tuesday, October 20th. They set an "outperform" rating and a $213.00 price objective on the stock. Finally, HSBC decreased their price objective on Digital Realty Trust from $240.00 to $235.00 and set a "buy" rating on the stock in a research report on Wednesday, September 23rd. Two research analysts have rated the stock with a Strong Buy rating, twenty-six have given a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $221.53.

Digital Realty Trust Price Performance

Shares of NYSE DLR opened at $181.15 on Thursday. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 0.70. The firm has a market cap of $68.54 billion, a PE ratio of 75.80, a PEG ratio of 3.55 and a beta of 0.97. The company has a fifty day moving average price of $179.87 and a 200 day moving average price of $183.66. Digital Realty Trust, Inc. has a 1-year low of $146.23 and a 1-year high of $208.14.

Digital Realty Trust (NYSE:DLR - Get Free Report) last announced its earnings results on Thursday, October 29th. The real estate investment trust reported $0.48 EPS for the quarter, missing the consensus estimate of $0.52 by ($0.04). Digital Realty Trust had a return on equity of 3.68% and a net margin of 13.06%. The business had revenue of $1.90 billion for the quarter, compared to analyst estimates of $1.75 billion. During the same quarter in the previous year, the company posted $1.89 EPS. The business's revenue for the quarter was up 20.6% compared to the same quarter last year. Research analysts predict that Digital Realty Trust, Inc. will post 8.40 earnings per share for the current fiscal year.

Digital Realty Trust Profile

Digital Realty Trust, Inc. is a real estate investment trust that owns, operates and develops data centers. Its facilities support customers' IT infrastructure, including the equipment and systems used to store, process and exchange digital information. The company provides data center space and related services, including colocation, interconnection and access to cloud and network providers. Its PlatformDIGITAL offering connects businesses with customers, partners and service providers across its data center portfolio.

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