Azzad Asset Management Inc. ADV Invests $1.32 Million in Digital Realty Trust, Inc. (NYSE:DLR)

Azzad Asset Management Inc. ADV purchased a new position in Digital Realty Trust, Inc. (NYSE:DLR - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 9,193 shares of the real estate investment trust's stock, valued at approximately $1,317,000.

Several other hedge funds have also recently modified their holdings of the business. Norges Bank purchased a new stake in Digital Realty Trust during the fourth quarter valued at approximately $3,858,428,000. Northern Trust Corp lifted its position in Digital Realty Trust by 57.5% during 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 acquiring an additional 1,854,748 shares during the last quarter. Deutsche Bank AG lifted its position in Digital Realty Trust by 66.6% during 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 acquiring an additional 1,232,043 shares during the last quarter. GAMMA Investing LLC lifted its position in Digital Realty Trust by 13,842.2% during the first quarter. GAMMA Investing LLC now owns 1,131,131 shares of the real estate investment trust's stock valued at $162,080,000 after acquiring an additional 1,123,018 shares during the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in Digital Realty Trust during the fourth quarter valued at approximately $182,126,000. Hedge funds and other institutional investors own 99.71% of the company's stock.

Digital Realty Trust Stock Performance

NYSE DLR traded down $2.29 during mid-day trading on Friday, reaching $174.24. 1,520,937 shares of the stock were exchanged, compared to its average volume of 2,000,180. The business's 50 day moving average is $162.97 and its 200-day moving average is $165.88. Digital Realty Trust, Inc. has a 1 year low of $129.95 and a 1 year high of $198.00. The company has a market capitalization of $58.68 billion, a P/E ratio of 107.55, 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 quick ratio of 1.61 and a current ratio of 2.07.

Digital Realty Trust (NYSE:DLR - Get Free Report) last announced its quarterly 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 firm had revenue of $1.41 billion for the quarter, compared to the consensus estimate of $1.43 billion. Digital Realty Trust had a net margin of 10.85% and a return on equity of 2.97%. The firm's quarterly revenue was up 5.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.67 earnings per share. On average, equities research analysts forecast that Digital Realty Trust, Inc. will post 7.07 EPS for the current fiscal year.

Digital Realty Trust Dividend Announcement

The business 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 dividend of $1.22 per share. This represents a $4.88 annualized dividend and a yield of 2.80%. The ex-dividend date is Friday, June 13th. Digital Realty Trust's payout ratio is 456.07%.

Analyst Ratings Changes

A number of equities research analysts recently commented on the stock. 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 target price for the company. JMP Securities restated a "market outperform" rating and set a $220.00 price target on shares of Digital Realty Trust in a research note on Monday, April 28th. Citigroup cut their price target on shares of Digital Realty Trust from $188.00 to $174.00 and set a "buy" rating on the stock in a research note on Thursday, April 17th. Bank of America assumed coverage on shares of Digital Realty Trust in a research note on Monday, May 19th. They set a "buy" rating and a $210.00 price target on the stock. Finally, Scotiabank cut their price target on shares of Digital Realty Trust from $208.00 to $206.00 and set a "sector outperform" rating on the stock in a research note on Tuesday, April 22nd. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, seventeen have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $185.10.

Insider Buying and Selling at Digital Realty Trust

In other Digital Realty Trust news, Director Mark R. Patterson sold 175 shares of the stock in a transaction 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 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 transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.13% of the company's stock.

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.