Digital Realty Trust, Inc. $DLR Holdings Lifted by Knights of Columbus Asset Advisors LLC

Knights of Columbus Asset Advisors LLC lifted its position in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 15.5% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 43,839 shares of the real estate investment trust’s stock after buying an additional 5,894 shares during the quarter. Knights of Columbus Asset Advisors LLC’s holdings in Digital Realty Trust were worth $7,695,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Montecito Bank & Trust lifted its position in Digital Realty Trust by 413.2% during the third quarter. Montecito Bank & Trust now owns 22,915 shares of the real estate investment trust’s stock worth $4,022,000 after purchasing an additional 18,450 shares during the period. NewEdge Advisors LLC increased its holdings in Digital Realty Trust by 88.0% in the 2nd quarter. NewEdge Advisors LLC now owns 43,832 shares of the real estate investment trust’s stock worth $7,871,000 after purchasing an additional 20,513 shares in the last quarter. Benjamin Edwards Inc. raised its holdings in Digital Realty Trust by 40.6% in the 2nd quarter. Benjamin Edwards Inc. now owns 88,953 shares of the real estate investment trust’s stock valued at $15,978,000 after buying an additional 25,667 shares during the last quarter. Beacon Pointe Advisors LLC bought a new position in shares of Digital Realty Trust during the second quarter valued at $3,286,000. Finally, Galaxy Digital Capital Management GP LLC acquired a new position in shares of Digital Realty Trust during the second quarter worth $2,837,000. Institutional investors own 99.71% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on DLR shares. JPMorgan Chase & Co. increased their price target on Digital Realty Trust from $230.00 to $235.00 and gave the company an “overweight” rating in a research note on Friday, July 24th. Evercore reaffirmed an “outperform” rating and issued a $240.00 price objective on shares of Digital Realty Trust in a research note on Tuesday, August 18th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $229.00 target price on shares of Digital Realty Trust in a report on Monday, July 27th. Royal Bank Of Canada increased their target price on shares of Digital Realty Trust from $207.00 to $227.00 and gave the company an “outperform” rating in a research report on Monday, July 27th. Finally, Weiss Ratings lowered shares of Digital Realty Trust from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, November 2nd. Two research analysts have rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $221.53.

Digital Realty Trust Stock Up 0.5%

Shares of Digital Realty Trust stock opened at $181.02 on Wednesday. Digital Realty Trust, Inc. has a one year low of $146.23 and a one year high of $208.14. The company has a debt-to-equity ratio of 0.70, a current ratio of 0.72 and a quick ratio of 0.72. The stock’s 50-day moving average is $179.90 and its 200 day moving average is $183.55. The firm has a market cap of $68.48 billion, a price-to-earnings ratio of 75.74, a PEG ratio of 3.53 and a beta of 0.97.

Digital Realty Trust (NYSE:DLR) last issued its earnings results on Thursday, October 29th. The real estate investment trust reported $0.48 earnings per share for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $1.75 billion. During the same quarter in the previous year, the firm posted $1.89 earnings per share. The company’s revenue for the quarter was up 20.6% compared to the same quarter last year. Equities research analysts anticipate that Digital Realty Trust, Inc. will post 8.41 EPS for the current year.

Insider Activity

In related news, Director Mark Patterson sold 200 shares of the stock in a transaction on Thursday, August 27th. The shares were sold at an average price of $193.96, for a total transaction of $38,792.00. Following the transaction, the director directly owned 6,322 shares of the company’s stock, valued at $1,226,215.12. This represents a 3.07% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.15% of the stock is owned by insiders.

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.