ING Groep NV Increases Stake in Digital Realty Trust, Inc. (NYSE:DLR)

ING Groep NV grew its position in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 130.7% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 39,825 shares of the real estate investment trust’s stock after buying an additional 22,564 shares during the quarter. ING Groep NV’s holdings in Digital Realty Trust were worth $7,062,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Sierra Ocean LLC acquired a new position in shares of Digital Realty Trust during the 4th quarter worth $29,000. FNY Investment Advisers LLC acquired a new stake in Digital Realty Trust in the 4th quarter valued at about $35,000. Versant Capital Management Inc grew its stake in Digital Realty Trust by 480.6% in the 4th quarter. Versant Capital Management Inc now owns 209 shares of the real estate investment trust’s stock valued at $37,000 after acquiring an additional 173 shares during the last quarter. First Financial Corp IN acquired a new stake in Digital Realty Trust in the 4th quarter valued at about $42,000. Finally, Crews Bank & Trust acquired a new stake in Digital Realty Trust in the 4th quarter valued at about $42,000. 99.71% of the stock is owned by institutional investors and hedge funds.

Digital Realty Trust Trading Down 3.9 %

DLR opened at $165.26 on Friday. The firm has a market capitalization of $54.82 billion, a P/E ratio of 102.01, a P/E/G ratio of 4.33 and a beta of 0.63. The firm’s 50 day moving average is $173.51 and its 200-day moving average is $169.43. Digital Realty Trust, Inc. has a 52-week low of $135.54 and a 52-week 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.

Digital Realty Trust (NYSE:DLR) last posted its quarterly earnings data on Thursday, February 13th. The real estate investment trust reported $1.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.27 by $1.46. Digital Realty Trust had a net margin of 10.85% and a return on equity of 2.97%. Analysts expect that Digital Realty Trust, Inc. will post 7.05 EPS for the current fiscal year.

Insider Transactions at Digital Realty Trust

In other news, CFO Matt Mercier sold 2,518 shares of the stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $187.40, for a total transaction of $471,873.20. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.17% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on DLR shares. Raymond James increased their price objective on shares of Digital Realty Trust from $170.00 to $190.00 and gave the company a “strong-buy” rating in a research note on Friday, October 25th. Jefferies Financial Group raised their price target on shares of Digital Realty Trust from $190.00 to $205.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. TD Cowen increased their price objective on shares of Digital Realty Trust from $120.00 to $128.00 and gave the stock a “hold” rating in a report on Friday, October 25th. JMP Securities reiterated a “market outperform” rating and set a $220.00 price objective on shares of Digital Realty Trust in a report on Tuesday. Finally, UBS Group upgraded shares of Digital Realty Trust from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $147.00 to $205.00 in a report on Tuesday, January 7th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating, fifteen have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $179.95.

Digital Realty Trust Profile

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.