Focus Financial Network Inc. Boosts Stock Holdings in Digital Realty Trust, Inc. (NYSE:DLR)

Focus Financial Network Inc. grew its position in Digital Realty Trust, Inc. (NYSE:DLR) by 12.2% in the 4th quarter, HoldingsChannel.com reports. The firm owned 1,627 shares of the real estate investment trust’s stock after purchasing an additional 177 shares during the period. Focus Financial Network Inc.’s holdings in Digital Realty Trust were worth $291,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. FNY Investment Advisers LLC bought a new position in shares of Digital Realty Trust during the 4th quarter worth approximately $35,000. Versant Capital Management Inc increased its position in shares of Digital Realty Trust by 480.6% during the fourth 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 bought a new stake in Digital Realty Trust during the fourth quarter worth $42,000. Crews Bank & Trust purchased a new position in Digital Realty Trust in the fourth quarter worth $42,000. Finally, Dunhill Financial LLC increased its position in shares of Digital Realty Trust by 84.4% during the 3rd quarter. Dunhill Financial LLC now owns 271 shares of the real estate investment trust’s stock valued at $44,000 after purchasing an additional 124 shares during the last quarter. 99.71% of the stock is owned by institutional investors.

Digital Realty Trust Price Performance

DLR stock opened at $164.06 on Friday. The firm has a 50 day simple moving average of $176.02 and a two-hundred day simple moving average of $168.66. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.61 and a quick ratio of 1.61. The stock has a market cap of $54.42 billion, a PE ratio of 137.86, a P/E/G ratio of 4.27 and a beta of 0.63. Digital Realty Trust, Inc. has a one year low of $131.42 and a one year high of $198.00.

Digital Realty Trust (NYSE:DLR) last released its quarterly earnings results on Thursday, February 13th. The real estate investment trust reported $1.73 earnings per share for the quarter, beating analysts’ consensus estimates of $0.27 by $1.46. Digital Realty Trust had a return on equity of 2.24% and a net margin of 8.04%. On average, analysts predict that Digital Realty Trust, Inc. will post 6.71 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CFO Matt Mercier sold 2,518 shares of the firm’s stock in a transaction dated Thursday, December 12th. The stock was 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 available through the SEC website. 0.17% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on DLR shares. Evercore ISI increased their price target on shares of Digital Realty Trust from $160.00 to $175.00 and gave the company an “outperform” rating in a research report on Wednesday, October 23rd. StockNews.com upgraded shares of Digital Realty Trust from a “sell” rating to a “hold” rating in a research note on Friday. Deutsche Bank Aktiengesellschaft raised Digital Realty Trust from a “hold” rating to a “buy” rating and increased their price objective for the company from $185.00 to $194.00 in a report on Wednesday, January 15th. Royal Bank of Canada boosted their target price on Digital Realty Trust from $177.00 to $207.00 and gave the company an “outperform” rating in a research note on Monday, October 28th. Finally, JPMorgan Chase & Co. increased their price target on Digital Realty Trust from $185.00 to $190.00 and gave the stock an “overweight” rating in a research note on Friday. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, fourteen have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $179.95.

Digital Realty Trust Company 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.