BluePointe Capital Management LLC Has $702,000 Stock Position in Digital Realty Trust, Inc. (NYSE:DLR)

BluePointe Capital Management LLC lifted its position in shares of Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 49.7% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,898 shares of the real estate investment trust's stock after purchasing an additional 1,626 shares during the quarter. BluePointe Capital Management LLC's holdings in Digital Realty Trust were worth $702,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Massachusetts Financial Services Co. MA lifted its position in Digital Realty Trust by 2.7% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 1,444,363 shares of the real estate investment trust's stock valued at $206,963,000 after acquiring an additional 38,568 shares in the last quarter. Dakota Wealth Management bought a new stake in Digital Realty Trust in the 1st quarter valued at $911,000. Apollon Wealth Management LLC lifted its position in Digital Realty Trust by 8.4% in the 1st quarter. Apollon Wealth Management LLC now owns 10,009 shares of the real estate investment trust's stock valued at $1,434,000 after acquiring an additional 774 shares in the last quarter. Bogart Wealth LLC lifted its position in Digital Realty Trust by 2.2% in the 1st quarter. Bogart Wealth LLC now owns 68,764 shares of the real estate investment trust's stock valued at $9,853,000 after acquiring an additional 1,473 shares in the last quarter. Finally, Securian Asset Management Inc. lifted its position in Digital Realty Trust by 0.5% in the 1st quarter. Securian Asset Management Inc. now owns 16,747 shares of the real estate investment trust's stock valued at $2,400,000 after acquiring an additional 82 shares in the last quarter. 99.71% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, Director Mark R. Patterson sold 175 shares of the company's stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $176.50, for a total value of $30,887.50. Following the transaction, the director owned 6,522 shares in the company, valued at approximately $1,151,133. This represents a 2.61% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.13% of the company's stock.

Analysts Set New Price Targets

Several research firms recently commented on DLR. Barclays cut their price objective on shares of 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. Oppenheimer began coverage on shares of Digital Realty Trust in a research report on Wednesday, May 14th. They set an "outperform" rating and a $200.00 price target on the stock. Truist Financial cut their price target on shares of 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. Wall Street Zen raised shares of Digital Realty Trust from a "sell" rating to a "hold" rating in a research report on Sunday, June 1st. Finally, 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 target on the stock. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, fifteen have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $187.16.

Digital Realty Trust Stock Performance

Shares of DLR stock traded up $1.75 on Wednesday, reaching $172.88. The stock had a trading volume of 1,490,087 shares, compared to its average volume of 2,019,934. The company has a quick ratio of 1.92, a current ratio of 1.92 and a debt-to-equity ratio of 0.81. The firm's 50-day moving average is $172.01 and its two-hundred day moving average is $164.02. The firm has a market capitalization of $58.22 billion, a price-to-earnings ratio of 161.57, a P/E/G ratio of 2.60 and a beta of 0.95. Digital Realty Trust, Inc. has a 12 month low of $129.95 and a 12 month 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 (EPS) 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 company had revenue of $1.41 billion for the quarter, compared to analysts' expectations of $1.43 billion. During the same period in the prior year, the firm earned $1.67 EPS. Digital Realty Trust's quarterly revenue was up 5.7% compared to the same quarter last year. On average, research analysts expect that Digital Realty Trust, Inc. will post 7.07 EPS for the current fiscal year.

Digital Realty Trust Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Friday, June 13th were paid 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 2.82%. Digital Realty Trust's dividend payout ratio (DPR) is currently 456.07%.

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.