Paralel Advisors LLC Acquires 10,500 Shares of Digital Realty Trust, Inc. $DLR

Paralel Advisors LLC increased its stake in Digital Realty Trust, Inc. (NYSE:DLR) by 63.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 27,000 shares of the real estate investment trust’s stock after purchasing an additional 10,500 shares during the period. Digital Realty Trust makes up approximately 0.2% of Paralel Advisors LLC’s portfolio, making the stock its 26th biggest holding. Paralel Advisors LLC’s holdings in Digital Realty Trust were worth $4,668,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Norges Bank bought a new position in shares of Digital Realty Trust in the 2nd quarter worth $3,808,270,000. Prudential Financial Inc. increased its stake in Digital Realty Trust by 87.0% in the second quarter. Prudential Financial Inc. now owns 1,456,585 shares of the real estate investment trust’s stock valued at $253,926,000 after acquiring an additional 677,483 shares during the last quarter. Resolution Capital Ltd lifted its stake in Digital Realty Trust by 25.2% during the second quarter. Resolution Capital Ltd now owns 2,967,618 shares of the real estate investment trust’s stock worth $517,345,000 after purchasing an additional 596,420 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of Digital Realty Trust by 1.0% in the 2nd quarter. Vanguard Group Inc. now owns 52,892,557 shares of the real estate investment trust’s stock worth $9,220,759,000 after purchasing an additional 513,697 shares in the last quarter. Finally, Balyasny Asset Management L.P. bought a new position in shares of Digital Realty Trust during the 2nd quarter valued at about $82,337,000. 99.71% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts recently weighed in on the company. Wall Street Zen downgraded Digital Realty Trust from a “hold” rating to a “strong sell” rating in a research report on Saturday, November 8th. Bank of America restated a “neutral” rating and issued a $170.00 price objective (down from $210.00) on shares of Digital Realty Trust in a report on Thursday, January 8th. Stifel Nicolaus set a $210.00 target price on shares of Digital Realty Trust in a report on Friday, October 24th. Mizuho lowered their price target on shares of Digital Realty Trust from $191.00 to $180.00 and set an “outperform” rating for the company in a research note on Monday, January 12th. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on Digital Realty Trust in a research note on Monday, January 5th. They set a “buy” rating and a $180.00 price objective on the stock. Two analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $193.22.

Digital Realty Trust Price Performance

Shares of DLR opened at $165.92 on Friday. Digital Realty Trust, Inc. has a twelve month low of $129.95 and a twelve month high of $182.48. The company has a market capitalization of $56.99 billion, a P/E ratio of 42.87, a price-to-earnings-growth ratio of 3.91 and a beta of 1.11. The firm has a 50 day moving average of $157.81 and a 200 day moving average of $166.02. The company has a quick ratio of 2.02, a current ratio of 2.02 and a debt-to-equity ratio of 0.80.

Digital Realty Trust (NYSE:DLR) last released its quarterly earnings data on Friday, October 31st. The real estate investment trust reported $0.15 EPS for the quarter. Digital Realty Trust had a return on equity of 6.41% and a net margin of 23.67%.The company had revenue of $1.58 billion for the quarter. As a group, equities research analysts anticipate that Digital Realty Trust, Inc. will post 7.07 earnings per share for the current fiscal year.

Digital Realty Trust Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 16th. Stockholders of record on Monday, December 15th were paid a $1.22 dividend. The ex-dividend date was Monday, December 15th. This represents a $4.88 dividend on an annualized basis and a dividend yield of 2.9%. Digital Realty Trust’s payout ratio is currently 126.10%.

Insider Buying and Selling at Digital Realty Trust

In related news, Director Mary Hogan Preusse sold 4,166 shares of the stock in a transaction that occurred on Monday, December 1st. The shares were sold at an average price of $157.42, for a total transaction of $655,811.72. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.13% of the stock is owned by insiders.

Digital Realty Trust Profile

Digital Realty Trust, Inc (NYSE: DLR) is a real estate investment trust that owns, acquires and operates carrier-neutral data centers and provides related colocation and interconnection solutions. The company focuses on large-scale, mission-critical facilities that support the physical infrastructure needs of cloud providers, enterprises, network operators and content companies. Digital Realty’s offerings are designed to enable secure, reliable and highly available IT infrastructure with an emphasis on power density, cooling, and physical security.

Digital Realty’s product set spans wholesale data center space, turnkey build-to-suit facilities, and retail colocation suites, complemented by interconnection services that allow customers to establish private and public connections to networks, cloud on-ramps and other ecosystem partners.