Digital Realty Trust, Inc. (NYSE:DLR) Director Sells $30,887.50 in Stock

Digital Realty Trust, Inc. (NYSE:DLR - Get Free Report) Director Mark R. Patterson sold 175 shares of Digital Realty Trust stock in a transaction that occurred on Thursday, June 5th. The shares were sold at an average price of $176.50, for a total transaction of $30,887.50. Following the completion of the transaction, the director now owns 6,522 shares of the company's stock, valued at $1,151,133. This trade represents a 2.61% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link.

Digital Realty Trust Price Performance

Shares of NYSE:DLR traded up $0.97 on Friday, hitting $176.88. The stock had a trading volume of 1,748,376 shares, compared to its average volume of 1,988,937. Digital Realty Trust, Inc. has a twelve month low of $129.95 and a twelve month high of $198.00. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.61 and a current ratio of 2.07. The firm's 50 day moving average price is $158.72 and its 200-day moving average price is $166.63. The company has a market capitalization of $59.57 billion, a price-to-earnings ratio of 109.18, a price-to-earnings-growth ratio of 4.38 and a beta of 0.95.

Digital Realty Trust (NYSE:DLR - Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The real estate investment trust reported $1.77 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.73 by $0.04. The business had revenue of $1.41 billion during the quarter, compared to analysts' expectations of $1.43 billion. Digital Realty Trust had a return on equity of 2.97% and a net margin of 10.85%. The firm's revenue for the quarter was up 5.7% compared to the same quarter last year. During the same period in the previous year, the business posted $1.67 earnings per share. On average, equities research analysts predict that Digital Realty Trust, Inc. will post 7.07 earnings per share for the current year.

Digital Realty Trust Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 13th will be paid a $1.22 dividend. The ex-dividend date of this dividend is Friday, June 13th. This represents a $4.88 dividend on an annualized basis and a dividend yield of 2.76%. Digital Realty Trust's dividend payout ratio (DPR) is presently 456.07%.

Institutional Trading of Digital Realty Trust

Institutional investors and hedge funds have recently modified their holdings of the stock. Invesco Ltd. grew its position in shares of Digital Realty Trust by 18.4% in the 4th quarter. Invesco Ltd. now owns 3,905,883 shares of the real estate investment trust's stock valued at $692,630,000 after purchasing an additional 607,132 shares during the period. Private Advisor Group LLC boosted its position in Digital Realty Trust by 4.1% during the 4th quarter. Private Advisor Group LLC now owns 13,533 shares of the real estate investment trust's stock worth $2,400,000 after acquiring an additional 527 shares during the last quarter. Leavell Investment Management Inc. boosted its position in Digital Realty Trust by 74.1% during the 4th quarter. Leavell Investment Management Inc. now owns 18,283 shares of the real estate investment trust's stock worth $3,262,000 after acquiring an additional 7,781 shares during the last quarter. Jennison Associates LLC boosted its position in Digital Realty Trust by 55.0% during the 4th quarter. Jennison Associates LLC now owns 27,476 shares of the real estate investment trust's stock worth $4,872,000 after acquiring an additional 9,751 shares during the last quarter. Finally, Cbre Investment Management Listed Real Assets LLC boosted its position in Digital Realty Trust by 136.8% during the 4th quarter. Cbre Investment Management Listed Real Assets LLC now owns 193,543 shares of the real estate investment trust's stock worth $34,321,000 after acquiring an additional 111,811 shares during the last quarter. 99.71% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. Bank of America assumed coverage on shares of Digital Realty Trust in a research report on Monday, May 19th. They set a "buy" rating and a $210.00 price objective for the company. JMP Securities restated a "market outperform" rating and set a $220.00 price objective on shares of Digital Realty Trust in a research report on Monday, April 28th. Oppenheimer assumed coverage on shares of Digital Realty Trust in a research report on Wednesday, May 14th. They set an "outperform" rating and a $200.00 price objective for the company. Barclays reduced their price objective on shares of Digital Realty Trust from $142.00 to $139.00 and set an "underweight" rating for the company in a research report on Thursday, March 20th. Finally, Scotiabank reduced their price objective on shares of Digital Realty Trust from $208.00 to $206.00 and set a "sector outperform" rating for the company in a research report on Tuesday, April 22nd. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, seventeen have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, Digital Realty Trust has a consensus rating of "Moderate Buy" and an average target price of $185.10.

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.

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