Digital Realty Trust Target of Unusually Large Options Trading (NYSE:DLR)

Digital Realty Trust, Inc. (NYSE:DLR - Get Free Report) was the target of unusually large options trading on Thursday. Stock investors purchased 21,845 call options on the stock. This is an increase of 664% compared to the typical daily volume of 2,859 call options.

Digital Realty Trust Stock Performance

Digital Realty Trust stock traded up $0.50 during midday trading on Thursday, hitting $176.34. 1,924,682 shares of the company were exchanged, compared to its average volume of 1,994,990. The firm has a market capitalization of $59.39 billion, a PE ratio of 108.85, a price-to-earnings-growth ratio of 4.38 and a beta of 0.95. Digital Realty Trust has a fifty-two week low of $129.95 and a fifty-two week high of $198.00. The business has a fifty day simple moving average of $161.40 and a two-hundred day simple moving average of $166.33. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.61 and a current ratio of 2.07.

Digital Realty Trust (NYSE:DLR - Get Free Report) last posted its earnings results on Thursday, April 24th. The real estate investment trust reported $1.77 EPS for the quarter, topping the consensus estimate of $1.73 by $0.04. The firm had revenue of $1.41 billion for the quarter, compared to analyst estimates of $1.43 billion. Digital Realty Trust had a return on equity of 2.97% and a net margin of 10.85%. Digital Realty Trust's revenue for the quarter was up 5.7% compared to the same quarter last year. During the same period last year, the company earned $1.67 earnings per share. On average, sell-side analysts forecast that Digital Realty Trust will post 7.07 earnings per share for the current year.

Digital Realty Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 13th will be issued a $1.22 dividend. This represents a $4.88 annualized dividend and a yield of 2.77%. The ex-dividend date is Friday, June 13th. Digital Realty Trust's payout ratio is currently 456.07%.

Insider Transactions at Digital Realty Trust

In other news, Director Mark R. Patterson sold 175 shares of the business's stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $176.50, for a total transaction of $30,887.50. Following the transaction, the director now owns 6,522 shares of the company's stock, valued at approximately $1,151,133. The trade was a 2.61% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.13% of the company's stock.

Institutional Trading of Digital Realty Trust

Several institutional investors have recently bought and sold shares of the business. First Hawaiian Bank grew its holdings in Digital Realty Trust by 128.6% in the first quarter. First Hawaiian Bank now owns 7,389 shares of the real estate investment trust's stock valued at $1,059,000 after purchasing an additional 4,157 shares during the period. Inspire Investing LLC lifted its stake in Digital Realty Trust by 11.1% in the 1st quarter. Inspire Investing LLC now owns 35,122 shares of the real estate investment trust's stock worth $5,033,000 after purchasing an additional 3,515 shares in the last quarter. Invst LLC acquired a new position in shares of Digital Realty Trust during the 1st quarter worth approximately $706,000. Anson Funds Management LP purchased a new stake in shares of Digital Realty Trust in the first quarter valued at approximately $1,702,000. Finally, Strs Ohio purchased a new stake in shares of Digital Realty Trust in the first quarter valued at approximately $72,324,000. 99.71% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. Truist Financial cut their target price on 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. Citigroup cut 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. Barclays cut their price objective on Digital Realty Trust from $142.00 to $139.00 and set an "underweight" rating on the stock in a research report on Thursday, March 20th. JMP Securities reaffirmed a "market outperform" rating and issued a $220.00 price objective on shares of Digital Realty Trust in a research report on Monday, April 28th. Finally, Bank of America assumed coverage on Digital Realty Trust in a research report on Monday, May 19th. They issued a "buy" rating and a $210.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, seventeen have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the stock has an average 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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