Digital Realty Trust, Inc. $DLR Stock: Knights of Columbus Asset Advisors LLC Grows Stake

Knights of Columbus Asset Advisors LLC lifted its position in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 15.5% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 43,839 shares of the real estate investment trust’s stock after purchasing 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 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of DLR. Lido Advisors LLC grew its holdings in shares of Digital Realty Trust by 14.4% during the third quarter. Lido Advisors LLC now owns 11,234 shares of the real estate investment trust’s stock valued at $1,972,000 after buying an additional 1,412 shares during the last quarter. New York Life Investment Management LLC raised its holdings in shares of Digital Realty Trust by 6.3% in the 3rd quarter. New York Life Investment Management LLC now owns 52,473 shares of the real estate investment trust’s stock worth $9,211,000 after acquiring an additional 3,104 shares during the last quarter. Global Wealth Management Investment Advisory Inc. raised its holdings in shares of Digital Realty Trust by 3.3% in the 3rd quarter. Global Wealth Management Investment Advisory Inc. now owns 38,364 shares of the real estate investment trust’s stock worth $6,734,000 after acquiring an additional 1,218 shares during the last quarter. Texas Bank & Trust Co lifted its position in Digital Realty Trust by 2.6% in the 3rd quarter. Texas Bank & Trust Co now owns 4,990 shares of the real estate investment trust’s stock valued at $876,000 after acquiring an additional 126 shares in the last quarter. Finally, AlphaCore Capital LLC lifted its position in Digital Realty Trust by 2.3% in the 3rd quarter. AlphaCore Capital LLC now owns 3,140 shares of the real estate investment trust’s stock valued at $551,000 after acquiring an additional 71 shares in the last quarter. 99.71% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on DLR shares. KeyCorp reiterated a “sector weight” rating on shares of Digital Realty Trust in a research note on Friday, July 24th. Mizuho set a $223.00 price objective on Digital Realty Trust in a research note on Monday, August 10th. Wells Fargo & Company raised their target price on Digital Realty Trust from $220.00 to $225.00 and gave the company an “overweight” rating in a report on Friday, October 30th. BTIG Research lifted their target price on Digital Realty Trust from $215.00 to $220.00 and gave the company a “buy” rating in a research report on Thursday, September 10th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $229.00 price target on shares of Digital Realty Trust in a report on Monday, July 27th. Two research analysts have rated the stock with a Strong Buy rating, twenty-six have given a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, Digital Realty Trust has an average rating of “Moderate Buy” and a consensus target price of $221.53.

Digital Realty Trust Trading Up 0.5%

NYSE:DLR opened at $181.02 on Wednesday. Digital Realty Trust, Inc. has a 52 week low of $146.23 and a 52 week high of $208.14. The firm has a 50-day moving average price of $179.90 and a two-hundred day moving average price of $183.55. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.72 and a current ratio of 0.72. The firm has a market cap of $68.48 billion, a price-to-earnings ratio of 75.74, a price-to-earnings-growth ratio of 3.53 and a beta of 0.97.

Digital Realty Trust (NYSE:DLR) last announced 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). The business had revenue of $1.90 billion during the quarter, compared to analysts’ expectations of $1.75 billion. Digital Realty Trust had a return on equity of 3.68% and a net margin of 13.06%. Digital Realty Trust’s quarterly revenue was up 20.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.89 EPS. On average, equities analysts expect that Digital Realty Trust, Inc. will post 8.41 earnings per share for the current fiscal year.

Insider Activity at Digital Realty Trust

In related news, Director Mark Patterson sold 200 shares of Digital Realty Trust stock in a transaction on Thursday, August 27th. The stock was sold at an average price of $193.96, for a total transaction of $38,792.00. Following the sale, the director directly owned 6,322 shares in the company, valued at approximately $1,226,215.12. This trade represents a 3.07% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.15% of the company’s stock.

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.