Focus Partners Advisor Solutions LLC Makes New Investment in Digital Realty Trust, Inc. (NYSE:DLR)

Focus Partners Advisor Solutions LLC acquired a new position in shares of Digital Realty Trust, Inc. (NYSE:DLR - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 3,247 shares of the real estate investment trust's stock, valued at approximately $576,000.

Several other hedge funds have also added to or reduced their stakes in the business. Norges Bank acquired a new stake in shares of Digital Realty Trust in the fourth quarter valued at approximately $3,858,428,000. Northern Trust Corp increased its stake in Digital Realty Trust by 57.5% in the 4th quarter. Northern Trust Corp now owns 5,080,550 shares of the real estate investment trust's stock valued at $900,934,000 after buying an additional 1,854,748 shares during the last quarter. Deutsche Bank AG lifted its position in Digital Realty Trust by 66.6% during the 4th quarter. Deutsche Bank AG now owns 3,081,821 shares of the real estate investment trust's stock worth $546,499,000 after buying an additional 1,232,043 shares in the last quarter. Alliancebernstein L.P. boosted its stake in shares of Digital Realty Trust by 91.7% during the 4th quarter. Alliancebernstein L.P. now owns 1,529,796 shares of the real estate investment trust's stock worth $271,279,000 after buying an additional 731,690 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new position in shares of Digital Realty Trust in the 4th quarter valued at about $125,336,000. Institutional investors and hedge funds own 99.71% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on DLR. JPMorgan Chase & Co. raised their price target on Digital Realty Trust from $185.00 to $190.00 and gave the company an "overweight" rating in a research note on Friday, February 14th. Jefferies Financial Group reiterated a "buy" rating and issued a $193.00 price target (up previously from $190.00) on shares of Digital Realty Trust in a research note on Friday, April 25th. Barclays lowered their price objective on shares of Digital Realty Trust from $142.00 to $139.00 and set an "underweight" rating on the stock in a research note on Thursday, March 20th. JMP Securities reiterated a "market outperform" rating and set a $220.00 price target on shares of Digital Realty Trust in a report on Monday, April 28th. Finally, Wells Fargo & Company dropped their price objective on Digital Realty Trust from $210.00 to $185.00 and set an "overweight" rating on the stock in a research note on Tuesday, February 4th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating, seventeen have given a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $185.10.

Digital Realty Trust Price Performance

NYSE:DLR traded down $1.15 during mid-day trading on Wednesday, reaching $169.53. The stock had a trading volume of 1,836,100 shares, compared to its average volume of 1,972,738. The stock has a 50-day simple moving average of $155.22 and a two-hundred day simple moving average of $166.89. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.07 and a quick ratio of 1.61. Digital Realty Trust, Inc. has a 12 month low of $129.95 and a 12 month high of $198.00. The stock has a market capitalization of $57.09 billion, a PE ratio of 104.65, a P/E/G ratio of 4.38 and a beta of 0.93.

Digital Realty Trust (NYSE:DLR - Get Free Report) last posted its quarterly earnings results on Thursday, April 24th. The real estate investment trust reported $1.77 EPS for the quarter, topping analysts' consensus estimates of $1.73 by $0.04. Digital Realty Trust had a return on equity of 2.97% and a net margin of 10.85%. The company had revenue of $1.41 billion during the quarter, compared to analysts' expectations of $1.43 billion. During the same quarter in the previous year, the firm earned $1.67 EPS. Digital Realty Trust's revenue was up 5.7% on a year-over-year basis. On average, equities analysts anticipate that Digital Realty Trust, Inc. will post 7.07 earnings per share for the current year.

Digital Realty Trust Company Profile

Digital Realty Trust, Inc operates as a real estate investment trust, which engages in the provision of data center, colocation and interconnection solutions. It serves the following industries: artificial intelligence (AI), networks, cloud, digital media, mobile, financial services, healthcare, and gaming.