Adell Harriman & Carpenter Inc. Increases Stake in Digital Realty Trust, Inc. (NYSE:DLR)

Adell Harriman & Carpenter Inc. increased its stake in Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 6.9% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 37,320 shares of the real estate investment trust's stock after buying an additional 2,401 shares during the quarter. Adell Harriman & Carpenter Inc.'s holdings in Digital Realty Trust were worth $5,348,000 as of its most recent filing with the SEC.

Other hedge funds have also modified their holdings of the company. Norges Bank purchased a new position in Digital Realty Trust in the fourth quarter valued at about $3,858,428,000. Northern Trust Corp boosted its holdings in Digital Realty Trust by 57.5% in the fourth quarter. Northern Trust Corp now owns 5,080,550 shares of the real estate investment trust's stock valued at $900,934,000 after purchasing an additional 1,854,748 shares during the last quarter. Deutsche Bank AG boosted its holdings in Digital Realty Trust by 66.6% in the fourth quarter. Deutsche Bank AG now owns 3,081,821 shares of the real estate investment trust's stock valued at $546,499,000 after purchasing an additional 1,232,043 shares during the last quarter. GAMMA Investing LLC grew its position in shares of Digital Realty Trust by 13,842.2% in the 1st quarter. GAMMA Investing LLC now owns 1,131,131 shares of the real estate investment trust's stock worth $162,080,000 after acquiring an additional 1,123,018 shares in the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of Digital Realty Trust in the 4th quarter worth approximately $182,126,000. 99.71% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. 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 target price for the company. Truist Financial dropped their price target 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. New Street Research upgraded Digital Realty Trust to a "hold" rating in a research report on Monday, April 28th. Barclays lowered their target price 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. Finally, Scotiabank lowered their target price on Digital Realty Trust from $208.00 to $206.00 and set a "sector outperform" rating on the stock in a research report on Tuesday, April 22nd. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, fifteen have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $187.16.

Insider Buying and Selling

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 shares were sold at an average price of $176.50, for a total value of $30,887.50. Following the sale, the director owned 6,522 shares of the company's stock, valued at $1,151,133. The trade was a 2.61% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 0.17% of the company's stock.

Digital Realty Trust Stock Down 0.6%

NYSE:DLR traded down $1.12 during trading hours on Monday, reaching $171.48. The company had a trading volume of 1,267,724 shares, compared to its average volume of 2,018,765. The firm has a market cap of $57.75 billion, a price-to-earnings ratio of 160.26, a P/E/G ratio of 2.63 and a beta of 0.95. The business's 50-day simple moving average is $171.06 and its two-hundred day simple moving average is $164.23. Digital Realty Trust, Inc. has a twelve month low of $129.95 and a twelve month high of $198.00. The company has a quick ratio of 1.92, a current ratio of 1.92 and a debt-to-equity ratio of 0.81.

Digital Realty Trust (NYSE:DLR - Get Free Report) last issued its quarterly earnings data 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 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 revenue was up 5.7% on a year-over-year basis. During the same period last year, the company earned $1.67 earnings per share. On average, equities analysts expect 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 disclosed a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Friday, June 13th were given a $1.22 dividend. This represents a $4.88 annualized dividend and a yield of 2.85%. The ex-dividend date of this dividend was Friday, June 13th. Digital Realty Trust's dividend payout ratio is 456.07%.

Digital Realty Trust 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.