Park Square Financial Group LLC Takes $146,000 Position in Digital Realty Trust, Inc. (NYSE:DLR)

Park Square Financial Group LLC purchased a new stake in shares of Digital Realty Trust, Inc. (NYSE:DLR) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 825 shares of the real estate investment trust’s stock, valued at approximately $146,000.

Several other institutional investors and hedge funds have also recently modified their holdings of DLR. Janney Montgomery Scott LLC increased its holdings in shares of Digital Realty Trust by 16.3% during the fourth quarter. Janney Montgomery Scott LLC now owns 50,526 shares of the real estate investment trust’s stock valued at $8,960,000 after acquiring an additional 7,086 shares in the last quarter. Flagship Harbor Advisors LLC bought a new position in shares of Digital Realty Trust during the fourth quarter valued at $230,000. Blue Trust Inc. increased its holdings in shares of Digital Realty Trust by 38.6% during the fourth quarter. Blue Trust Inc. now owns 5,759 shares of the real estate investment trust’s stock valued at $932,000 after acquiring an additional 1,604 shares in the last quarter. Capital Asset Advisory Services LLC bought a new position in shares of Digital Realty Trust during the fourth quarter valued at $214,000. Finally, Union Bancaire Privee UBP SA bought a new position in shares of Digital Realty Trust during the fourth quarter valued at $2,324,000. 99.71% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. JMP Securities reaffirmed a “market outperform” rating and set a $220.00 price objective on shares of Digital Realty Trust in a research report on Monday, April 28th. Barclays dropped their price objective on Digital Realty Trust from $142.00 to $139.00 and set an “underweight” rating on the stock in a research report on Thursday, March 20th. 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 report on Tuesday, February 4th. Scotiabank dropped their price objective on Digital Realty Trust from $208.00 to $206.00 and set a “sector outperform” rating on the stock in a research report on Tuesday, April 22nd. Finally, New Street Research raised Digital Realty Trust to a “hold” rating in a research report on Monday, April 28th. Two 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. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $185.10.

Digital Realty Trust Stock Up 1.5%

DLR stock opened at $170.68 on Wednesday. Digital Realty Trust, Inc. has a twelve month low of $129.95 and a twelve month high of $198.00. The company has a quick ratio of 1.61, a current ratio of 2.07 and a debt-to-equity ratio of 0.80. The stock has a market cap of $57.48 billion, a P/E ratio of 105.36, a PEG ratio of 4.38 and a beta of 0.93. The business’s 50-day moving average price is $155.22 and its 200-day moving average price is $166.89.

Digital Realty Trust (NYSE:DLR) last posted its quarterly earnings data on Thursday, April 24th. The real estate investment trust reported $1.77 earnings per share for the quarter, beating analysts’ consensus estimates of $1.73 by $0.04. The firm 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. On average, equities research analysts forecast that Digital Realty Trust, Inc. will post 7.07 EPS for the current year.

About Digital Realty Trust

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.