AAFMAA Wealth Management & Trust LLC Takes $1.19 Million Position in Digital Realty Trust, Inc. (NYSE:DLR)

AAFMAA Wealth Management & Trust LLC acquired a new position in shares of Digital Realty Trust, Inc. (NYSE:DLR - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 8,284 shares of the real estate investment trust's stock, valued at approximately $1,187,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Invesco Ltd. boosted its stake in Digital Realty Trust by 18.4% during the fourth quarter. Invesco Ltd. now owns 3,905,883 shares of the real estate investment trust's stock worth $692,630,000 after buying an additional 607,132 shares during the period. Private Advisor Group LLC boosted 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 buying an additional 527 shares during the period. Leavell Investment Management Inc. boosted its stake in Digital Realty Trust by 74.1% during the fourth quarter. Leavell Investment Management Inc. now owns 18,283 shares of the real estate investment trust's stock worth $3,262,000 after buying an additional 7,781 shares during the period. Jennison Associates LLC boosted its stake in shares of Digital Realty Trust by 55.0% during the fourth quarter. Jennison Associates LLC now owns 27,476 shares of the real estate investment trust's stock valued at $4,872,000 after purchasing an additional 9,751 shares during the period. Finally, Cbre Investment Management Listed Real Assets LLC boosted its stake in shares of Digital Realty Trust by 136.8% during the fourth quarter. Cbre Investment Management Listed Real Assets LLC now owns 193,543 shares of the real estate investment trust's stock valued at $34,321,000 after purchasing an additional 111,811 shares during the period. 99.71% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Citigroup reduced their target price on shares of Digital Realty Trust from $188.00 to $174.00 and set a "buy" rating for the company in a report on Thursday, April 17th. Oppenheimer assumed coverage on shares of Digital Realty Trust in a report on Wednesday, May 14th. They set an "outperform" rating and a $200.00 price objective on the stock. Wall Street Zen upgraded shares of Digital Realty Trust from a "sell" rating to a "hold" rating in a report on Sunday, June 1st. Jefferies Financial Group reiterated a "buy" rating and issued a $193.00 price target (up previously from $190.00) on shares of Digital Realty Trust in a report on Friday, April 25th. Finally, Mizuho cut their price target on shares of Digital Realty Trust from $211.00 to $177.00 and set an "outperform" rating on the stock in a report on Friday, March 28th. One research analyst has rated the stock with a sell rating, six have given a hold rating, seventeen have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, Digital Realty Trust currently has an average rating of "Moderate Buy" and an average price target of $185.10.

Digital Realty Trust Price Performance

Shares of DLR traded up $0.97 during midday trading on Friday, reaching $176.88. The stock had a trading volume of 1,748,376 shares, compared to its average volume of 1,988,938. The firm's 50 day moving average price is $159.34 and its 200-day moving average price is $166.56. The company has a market capitalization of $59.57 billion, a P/E ratio of 109.18, a P/E/G ratio of 4.38 and a beta of 0.95. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.07 and a quick ratio of 1.61. Digital Realty Trust, Inc. has a 52 week low of $129.95 and a 52 week high of $198.00.

Digital Realty Trust (NYSE:DLR - Get Free Report) last announced its earnings results on Thursday, April 24th. The real estate investment trust reported $1.77 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.73 by $0.04. The company 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 in the previous year, the firm earned $1.67 earnings per share. On average, analysts forecast that Digital Realty Trust, Inc. will post 7.07 earnings per share for the current fiscal year.

Digital Realty Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be paid a dividend of $1.22 per share. The ex-dividend date is Friday, June 13th. This represents a $4.88 annualized dividend and a yield of 2.76%. Digital Realty Trust's payout ratio is 456.07%.

Insider Activity at Digital Realty Trust

In other news, Director Mark R. Patterson sold 175 shares of the stock in a transaction that occurred 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 approximately $1,151,133. This represents a 2.61% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.17% of the stock is owned by corporate insiders.

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.