Homestead Advisers Corp Has $45.06 Million Stake in Digital Realty Trust, Inc. $DLR

Homestead Advisers Corp lowered its stake in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 2.0% during the third quarter, Holdings Channel.com reports. The institutional investor owned 260,656 shares of the real estate investment trust’s stock after selling 5,300 shares during the quarter. Homestead Advisers Corp’s holdings in Digital Realty Trust were worth $45,062,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Pinnacle Bancorp Inc. bought a new stake in Digital Realty Trust in the third quarter valued at approximately $25,000. South Plains Financial Inc. grew its holdings in shares of Digital Realty Trust by 280.5% in the 2nd quarter. South Plains Financial Inc. now owns 156 shares of the real estate investment trust’s stock valued at $27,000 after buying an additional 115 shares during the period. Salomon & Ludwin LLC bought a new stake in shares of Digital Realty Trust in the 3rd quarter valued at $28,000. Tobam acquired a new stake in Digital Realty Trust during the 2nd quarter worth $28,000. Finally, First Horizon Corp bought a new position in Digital Realty Trust during the third quarter worth about $31,000. 99.71% of the stock is owned by institutional investors.

Insider Activity

In related news, Director Mary Hogan Preusse sold 4,166 shares of the company’s stock in a transaction dated Monday, December 1st. The stock was sold at an average price of $157.42, for a total transaction of $655,811.72. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 0.13% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on DLR shares. Morgan Stanley assumed coverage on Digital Realty Trust in a report on Thursday, October 16th. They issued an “equal weight” rating and a $195.00 price target for the company. Loop Capital set a $205.00 target price on Digital Realty Trust in a research note on Monday, October 27th. Wall Street Zen lowered shares of Digital Realty Trust from a “hold” rating to a “strong sell” rating in a research note on Saturday, November 8th. Bank of America reiterated a “neutral” rating and issued a $170.00 price target (down previously from $210.00) on shares of Digital Realty Trust in a report on Thursday, January 8th. Finally, UBS Group set a $189.00 price objective on shares of Digital Realty Trust in a report on Wednesday, January 14th. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $193.22.

Digital Realty Trust Price Performance

NYSE DLR opened at $166.90 on Thursday. The firm’s 50 day moving average is $158.23 and its 200-day moving average is $165.77. The company has a quick ratio of 2.02, a current ratio of 2.02 and a debt-to-equity ratio of 0.80. The company has a market capitalization of $57.33 billion, a PE ratio of 43.13, a price-to-earnings-growth ratio of 3.84 and a beta of 1.12. Digital Realty Trust, Inc. has a 12-month low of $129.95 and a 12-month high of $182.48.

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

About Digital Realty Trust

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.