Ballentine Partners LLC Sells 1,559 Shares of Digital Realty Trust, Inc. (NYSE:DLR)

Ballentine Partners LLC reduced its position in Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 20.4% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 6,094 shares of the real estate investment trust's stock after selling 1,559 shares during the period. Ballentine Partners LLC's holdings in Digital Realty Trust were worth $873,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of DLR. Opal Wealth Advisors LLC acquired a new stake in Digital Realty Trust in the 1st quarter valued at about $38,000. Millstone Evans Group LLC acquired a new stake in Digital Realty Trust in the 4th quarter valued at about $43,000. Grove Bank & Trust lifted its stake in Digital Realty Trust by 306.7% in the 1st quarter. Grove Bank & Trust now owns 305 shares of the real estate investment trust's stock valued at $44,000 after purchasing an additional 230 shares during the last quarter. Alpine Bank Wealth Management acquired a new stake in Digital Realty Trust in the 1st quarter valued at about $49,000. Finally, Adirondack Trust Co. lifted its stake in Digital Realty Trust by 40.8% in the 1st quarter. Adirondack Trust Co. now owns 352 shares of the real estate investment trust's stock valued at $50,000 after purchasing an additional 102 shares during the last quarter. 99.71% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Digital Realty Trust news, Director Mark R. Patterson sold 175 shares of the firm'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 in the company, valued at $1,151,133. This trade represents a 2.61% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 0.17% of the stock is owned by corporate insiders.

Digital Realty Trust Stock Performance

Shares of NYSE:DLR opened at $168.33 on Monday. The company's 50 day simple moving average is $171.73 and its 200 day simple moving average is $163.96. The stock has a market capitalization of $56.69 billion, a price-to-earnings ratio of 157.32, a price-to-earnings-growth ratio of 2.56 and a beta of 0.95. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.92 and a quick ratio of 1.92. Digital Realty Trust, Inc. has a 1 year low of $129.95 and a 1 year high of $198.00.

Digital Realty Trust (NYSE:DLR - Get Free Report) last issued its earnings results on Thursday, April 24th. The real estate investment trust reported $1.77 earnings per share for the quarter, beating analysts' consensus estimates of $1.73 by $0.04. Digital Realty Trust had a net margin of 7.65% and a return on equity of 2.07%. The firm had revenue of $1.41 billion for the quarter, compared to analyst estimates of $1.43 billion. During the same quarter last year, the business posted $1.67 earnings per share. The company's quarterly revenue was up 5.7% on a year-over-year basis. As a group, research analysts predict that Digital Realty Trust, Inc. will post 7.07 EPS for the current fiscal year.

Digital Realty Trust Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Friday, June 13th were given a $1.22 dividend. The ex-dividend date was Friday, June 13th. This represents a $4.88 dividend on an annualized basis and a yield of 2.90%. Digital Realty Trust's dividend payout ratio is currently 456.07%.

Analysts Set New Price Targets

Several brokerages have issued reports on DLR. Wall Street Zen upgraded shares of Digital Realty Trust from a "sell" rating to a "hold" rating in a research report on Sunday, June 1st. Bank of America began coverage on shares of Digital Realty Trust in a research report on Monday, May 19th. They set a "buy" rating and a $210.00 price objective for the company. Barclays cut their price objective on shares of Digital Realty Trust from $142.00 to $139.00 and set an "underweight" rating for the company in a research report on Thursday, March 20th. Truist Financial cut their price objective on shares of Digital Realty Trust from $185.00 to $184.00 and set a "buy" rating for the company in a research report on Monday, May 12th. Finally, JMP Securities restated a "market outperform" rating and set a $220.00 price objective on shares of Digital Realty Trust in a research report on Monday, April 28th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, fifteen have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $187.16.

About Digital Realty Trust

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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