Woodline Partners LP Acquires Shares of 14,649 Digital Realty Trust, Inc. (NYSE:DLR)

Woodline Partners LP acquired a new stake in Digital Realty Trust, Inc. (NYSE:DLR - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The fund acquired 14,649 shares of the real estate investment trust's stock, valued at approximately $2,598,000.

Other institutional investors have also added to or reduced their stakes in the company. Sophron Capital Management L.P. bought a new stake in shares of Digital Realty Trust in the fourth quarter valued at approximately $967,000. Triglav Skladi D.O.O. bought a new stake in Digital Realty Trust during the 4th quarter valued at $2,660,000. Tabor Asset Management LP raised its holdings in Digital Realty Trust by 14.1% during the 4th quarter. Tabor Asset Management LP now owns 25,483 shares of the real estate investment trust's stock valued at $4,519,000 after acquiring an additional 3,146 shares during the period. Tidal Investments LLC lifted its position in shares of Digital Realty Trust by 11.7% during the fourth quarter. Tidal Investments LLC now owns 7,477 shares of the real estate investment trust's stock worth $1,326,000 after acquiring an additional 785 shares in the last quarter. Finally, Texas Bank & Trust Co bought a new position in shares of Digital Realty Trust in the fourth quarter worth $613,000. 99.71% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on DLR shares. Wall Street Zen cut Digital Realty Trust from a "hold" rating to a "sell" rating in a report on Saturday, May 24th. New Street Research upgraded shares of Digital Realty Trust to a "hold" rating in a research report on Monday, April 28th. Mizuho reduced their price objective on shares of Digital Realty Trust from $211.00 to $177.00 and set an "outperform" rating for the company in a research note on Friday, March 28th. Jefferies Financial Group reiterated a "buy" rating and issued a $193.00 target price (up from $190.00) on shares of Digital Realty Trust in a research note on Friday, April 25th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Digital Realty Trust from $185.00 to $190.00 and gave the company an "overweight" rating in a research report on Friday, February 14th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating, seventeen have issued a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Digital Realty Trust has a consensus rating of "Moderate Buy" and an average price target of $185.10.

Digital Realty Trust Trading Up 1.6%

Shares of NYSE:DLR traded up $2.74 on Thursday, reaching $172.32. 1,546,909 shares of the company traded hands, compared to its average volume of 1,975,210. The stock has a market capitalization of $58.04 billion, a P/E ratio of 106.27, a price-to-earnings-growth ratio of 4.38 and a beta of 0.93. The business's 50-day simple moving average is $155.60 and its 200 day simple moving average is $166.91. 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, Inc. has a 52 week low of $129.95 and a 52 week high of $198.00.

Digital Realty Trust (NYSE:DLR - Get Free Report) last announced 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. The business had revenue of $1.41 billion for the quarter, compared to analysts' expectations of $1.43 billion. Digital Realty Trust had a return on equity of 2.97% and a net margin of 10.85%. The business's quarterly revenue was up 5.7% on a year-over-year basis. During the same period in the previous year, the firm earned $1.67 EPS. As a group, equities analysts anticipate that Digital Realty Trust, Inc. will post 7.07 EPS for the current fiscal year.

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.