Beacon Pointe Advisors LLC Reduces Holdings in Digital Realty Trust, Inc. (NYSE:DLR)

Beacon Pointe Advisors LLC decreased its position in shares of Digital Realty Trust, Inc. (NYSE:DLRGet Rating) by 57.8% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 9,136 shares of the real estate investment trust’s stock after selling 12,528 shares during the quarter. Beacon Pointe Advisors LLC’s holdings in Digital Realty Trust were worth $1,188,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Vestmark Advisory Solutions Inc. grew its holdings in shares of Digital Realty Trust by 104.8% during the second quarter. Vestmark Advisory Solutions Inc. now owns 5,843 shares of the real estate investment trust’s stock worth $758,000 after purchasing an additional 2,990 shares during the last quarter. Wilbanks Smith & Thomas Asset Management LLC grew its holdings in shares of Digital Realty Trust by 33.6% during the second quarter. Wilbanks Smith & Thomas Asset Management LLC now owns 3,670 shares of the real estate investment trust’s stock worth $476,000 after buying an additional 922 shares during the last quarter. Harbor Investment Advisory LLC grew its holdings in shares of Digital Realty Trust by 1.4% during the second quarter. Harbor Investment Advisory LLC now owns 7,047 shares of the real estate investment trust’s stock worth $915,000 after buying an additional 98 shares during the last quarter. Los Angeles Capital Management LLC grew its holdings in shares of Digital Realty Trust by 36.5% during the first quarter. Los Angeles Capital Management LLC now owns 4,260 shares of the real estate investment trust’s stock worth $604,000 after buying an additional 1,140 shares during the last quarter. Finally, Stephens Inc. AR grew its holdings in shares of Digital Realty Trust by 8.4% during the second quarter. Stephens Inc. AR now owns 32,013 shares of the real estate investment trust’s stock worth $4,156,000 after buying an additional 2,491 shares during the last quarter. Hedge funds and other institutional investors own 95.03% of the company’s stock.

Insider Transactions at Digital Realty Trust

In other Digital Realty Trust news, CEO A William Stein acquired 5,000 shares of the company’s stock in a transaction dated Thursday, September 15th. The stock was acquired at an average cost of $113.22 per share, with a total value of $566,100.00. Following the purchase, the chief executive officer now directly owns 10,000 shares in the company, valued at approximately $1,132,200. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, CEO A William Stein acquired 5,000 shares of the stock in a transaction dated Thursday, September 15th. The stock was bought at an average cost of $113.22 per share, with a total value of $566,100.00. Following the purchase, the chief executive officer now directly owns 10,000 shares of the company’s stock, valued at $1,132,200. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Jean F. H. P. Mandeville sold 1,000 shares of the business’s stock in a transaction on Friday, November 18th. The shares were sold at an average price of $111.01, for a total transaction of $111,010.00. Following the sale, the director now directly owns 11,676 shares of the company’s stock, valued at $1,296,152.76. The disclosure for this sale can be found here. Corporate insiders own 0.41% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on DLR. Morgan Stanley lowered their price target on Digital Realty Trust from $141.00 to $107.00 and set an “equal weight” rating on the stock in a report on Wednesday, October 26th. Raymond James lowered their price target on Digital Realty Trust from $182.00 to $165.00 and set a “strong-buy” rating on the stock in a report on Tuesday, October 11th. StockNews.com initiated coverage on shares of Digital Realty Trust in a research report on Wednesday, October 12th. They issued a “sell” rating for the company. Barclays reduced their price objective on shares of Digital Realty Trust to $90.00 in a research report on Thursday, October 20th. Finally, Credit Suisse Group reduced their price objective on shares of Digital Realty Trust from $98.00 to $91.00 and set a “neutral” rating for the company in a research report on Monday, October 31st. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $139.57.

Digital Realty Trust Trading Up 1.4 %

Shares of DLR opened at $110.99 on Thursday. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.64 and a quick ratio of 0.64. The firm has a 50 day simple moving average of $101.22 and a 200-day simple moving average of $119.30. Digital Realty Trust, Inc. has a 1-year low of $85.76 and a 1-year high of $178.22. The stock has a market cap of $31.91 billion, a price-to-earnings ratio of 22.79, a price-to-earnings-growth ratio of 2.40 and a beta of 0.42.

Digital Realty Trust Profile

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Digital Realty supports the world's leading enterprises and service providers by delivering the full spectrum of data center, colocation and interconnection solutions. PlatformDIGITALR, the company's global data center platform, provides customers a trusted foundation and proven Pervasive Datacenter Architecture PDxTM solution methodology for scaling digital business and efficiently managing data gravity challenges.

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Institutional Ownership by Quarter for Digital Realty Trust (NYSE:DLR)

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