Digital Realty Trust (NYSE:DLR) Stock Price Down 4.5% - Should You Sell?

Digital Realty Trust, Inc. (NYSE:DLR - Get Free Report) dropped 4.5% during mid-day trading on Thursday . The company traded as low as $165.92 and last traded at $164.50. Approximately 489,799 shares traded hands during mid-day trading, a decline of 75% from the average daily volume of 1,997,972 shares. The stock had previously closed at $172.25.

Analyst Ratings Changes

DLR has been the topic of several recent research reports. Bank of America began coverage on shares of Digital Realty Trust in a research note on Monday, May 19th. They issued a "buy" rating and a $210.00 price objective on the stock. Citigroup reduced their price objective on Digital Realty Trust from $188.00 to $174.00 and set a "buy" rating on the stock in a research report on Thursday, April 17th. Jefferies Financial Group reiterated a "buy" rating and set a $193.00 price objective (up from $190.00) on shares of Digital Realty Trust in a report on Friday, April 25th. JMP Securities reiterated a "market outperform" rating and set a $220.00 price objective on shares of Digital Realty Trust in a research note on Monday, April 28th. Finally, Truist Financial reduced their target price on shares of Digital Realty Trust from $185.00 to $184.00 and set a "buy" rating on the stock in a research report on Monday, May 12th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, seventeen have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $185.76.

Digital Realty Trust Trading Down 1.5%

The company has a market capitalization of $57.14 billion, a P/E ratio of 158.56, a P/E/G ratio of 2.62 and a beta of 0.95. The company has a 50-day simple moving average of $168.02 and a 200 day simple moving average of $165.14. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.92 and a current ratio of 1.92.

Digital Realty Trust (NYSE:DLR - Get Free Report) last released its earnings results on Thursday, April 24th. The real estate investment trust reported $1.77 EPS for the quarter, beating the consensus estimate of $1.73 by $0.04. The firm had revenue of $1.41 billion during the quarter, compared to analysts' expectations of $1.43 billion. Digital Realty Trust had a net margin of 7.65% and a return on equity of 2.07%. The business's quarterly revenue was up 5.7% compared to the same quarter last year. During the same period in the prior year, the company earned $1.67 EPS. Sell-side analysts expect that Digital Realty Trust, Inc. will post 7.07 earnings per share for the current year.

Digital Realty Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 13th will be given a $1.22 dividend. The ex-dividend date is Friday, June 13th. This represents a $4.88 dividend on an annualized basis and a dividend yield of 2.88%. Digital Realty Trust's dividend payout ratio is currently 456.07%.

Insider Transactions at Digital Realty Trust

In related news, Director Mark R. Patterson sold 175 shares of the firm's stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $176.50, for a total value of $30,887.50. Following the completion of the transaction, the director now directly owns 6,522 shares of the company's stock, valued at $1,151,133. This trade represents a 2.61% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.13% of the stock is owned by insiders.

Hedge Funds Weigh In On Digital Realty Trust

Hedge funds and other institutional investors have recently made changes to their positions in the business. Private Advisor Group LLC lifted its stake in Digital Realty Trust by 4.1% during the fourth quarter. Private Advisor Group LLC now owns 13,533 shares of the real estate investment trust's stock worth $2,400,000 after purchasing an additional 527 shares during the period. Wealthspire Advisors LLC boosted its stake in Digital Realty Trust by 5.0% in the 4th quarter. Wealthspire Advisors LLC now owns 4,982 shares of the real estate investment trust's stock valued at $883,000 after buying an additional 236 shares in the last quarter. IFP Advisors Inc grew its position in Digital Realty Trust by 19.2% in the fourth quarter. IFP Advisors Inc now owns 589 shares of the real estate investment trust's stock valued at $104,000 after acquiring an additional 95 shares during the period. Pine Valley Investments Ltd Liability Co boosted its stake in shares of Digital Realty Trust by 0.7% in the 4th quarter. Pine Valley Investments Ltd Liability Co now owns 14,154 shares of the real estate investment trust's stock valued at $2,510,000 after purchasing an additional 99 shares in the last quarter. Finally, Todd Asset Management LLC grew its holdings in shares of Digital Realty Trust by 68.9% in the 4th quarter. Todd Asset Management LLC now owns 88,505 shares of the real estate investment trust's stock worth $15,695,000 after purchasing an additional 36,090 shares during the last quarter. 99.71% of the stock is owned by institutional investors.

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.