GF Fund Management CO. LTD. Makes New Investment in Digital Realty Trust, Inc. (NYSE:DLR)

GF Fund Management CO. LTD. purchased a new stake in shares of Digital Realty Trust, Inc. (NYSE:DLR - Free Report) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 5,950 shares of the real estate investment trust's stock, valued at approximately $1,055,000.

A number of other institutional investors have also made changes to their positions in DLR. Sierra Ocean LLC acquired a new stake in shares of Digital Realty Trust during the fourth quarter valued at about $29,000. Fairway Wealth LLC acquired a new position in shares of Digital Realty Trust in the fourth quarter valued at approximately $35,000. Centricity Wealth Management LLC acquired a new position in shares of Digital Realty Trust in the fourth quarter valued at approximately $37,000. Crews Bank & Trust acquired a new position in shares of Digital Realty Trust in the fourth quarter valued at approximately $42,000. Finally, SRS Capital Advisors Inc. grew its holdings in shares of Digital Realty Trust by 502.5% in the fourth quarter. SRS Capital Advisors Inc. now owns 241 shares of the real estate investment trust's stock valued at $43,000 after purchasing an additional 201 shares in the last quarter. 99.71% of the stock is currently owned by institutional investors and hedge funds.

Digital Realty Trust Stock Performance

DLR stock traded down $1.15 on Wednesday, hitting $169.53. The company's stock had a trading volume of 1,838,811 shares, compared to its average volume of 1,975,875. The firm has a 50 day moving average of $155.22 and a two-hundred day moving average of $166.89. Digital Realty Trust, Inc. has a 1 year low of $129.95 and a 1 year high of $198.00. The stock has a market cap of $57.09 billion, a price-to-earnings ratio of 104.65, a price-to-earnings-growth ratio of 4.38 and a beta of 0.93. The company has a current ratio of 2.07, a quick ratio of 1.61 and a debt-to-equity ratio of 0.80.

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

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on DLR shares. Wall Street Zen cut shares of Digital Realty Trust from a "hold" rating to a "sell" rating in a report on Saturday. Wells Fargo & Company dropped their price objective on shares of Digital Realty Trust from $210.00 to $185.00 and set an "overweight" rating for the company in a report on Tuesday, February 4th. Bank of America started coverage on shares of Digital Realty Trust in a report on Monday, May 19th. They issued a "buy" rating and a $210.00 price objective for the company. JMP Securities restated a "market outperform" rating and issued a $220.00 price objective on shares of Digital Realty Trust in a report on Monday, April 28th. Finally, Citigroup decreased their price target on shares of Digital Realty Trust from $188.00 to $174.00 and set a "buy" rating for the company in a research note on Thursday, April 17th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, seventeen have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, Digital Realty Trust presently has an average rating of "Moderate Buy" and an average price target of $185.10.

Digital Realty Trust 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.