Brookstone Capital Management Acquires 26,686 Shares of Digital Realty Trust, Inc. (NYSE:DLR)

Brookstone Capital Management increased its holdings in Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 127.0% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 47,697 shares of the real estate investment trust's stock after buying an additional 26,686 shares during the period. Brookstone Capital Management's holdings in Digital Realty Trust were worth $6,835,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in DLR. Invesco Ltd. raised its position in shares of Digital Realty Trust by 18.4% during the 4th quarter. Invesco Ltd. now owns 3,905,883 shares of the real estate investment trust's stock valued at $692,630,000 after buying an additional 607,132 shares in the last quarter. Pacific Heights Asset Management LLC raised its position in shares of Digital Realty Trust by 33.3% during the 1st quarter. Pacific Heights Asset Management LLC now owns 100,000 shares of the real estate investment trust's stock valued at $14,329,000 after buying an additional 25,000 shares in the last quarter. Vectors Research Management LLC raised its position in shares of Digital Realty Trust by 15.8% during the 1st quarter. Vectors Research Management LLC now owns 21,507 shares of the real estate investment trust's stock valued at $3,082,000 after buying an additional 2,930 shares in the last quarter. Asset Management One Co. Ltd. raised its position in shares of Digital Realty Trust by 3.5% during the 1st quarter. Asset Management One Co. Ltd. now owns 643,424 shares of the real estate investment trust's stock valued at $92,196,000 after buying an additional 21,598 shares in the last quarter. Finally, Sovran Advisors LLC raised its position in shares of Digital Realty Trust by 58.9% during the 1st quarter. Sovran Advisors LLC now owns 6,594 shares of the real estate investment trust's stock valued at $994,000 after buying an additional 2,444 shares in the last quarter. Hedge funds and other institutional investors own 99.71% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on DLR shares. 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. 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. Oppenheimer initiated coverage on shares of Digital Realty Trust in a research report on Wednesday, May 14th. They issued an "outperform" rating and a $200.00 target price on the stock. Bank of America initiated coverage on shares of Digital Realty Trust in a research report on Monday, May 19th. They issued a "buy" rating and a $210.00 target price on the stock. Finally, Scotiabank decreased their target price on shares of 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 investment analyst has rated the stock with a sell rating, six have issued a hold rating, fifteen have given a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $187.16.

Digital Realty Trust Trading Down 0.5%

Shares of DLR stock traded down $0.87 during mid-day trading on Tuesday, reaching $170.77. The stock had a trading volume of 1,266,565 shares, compared to its average volume of 2,019,235. The stock's 50-day moving average price is $171.28 and its two-hundred day moving average price is $164.27. Digital Realty Trust, Inc. has a 52-week low of $129.95 and a 52-week high of $198.00. The firm has a market capitalization of $57.51 billion, a PE ratio of 159.60, a price-to-earnings-growth ratio of 2.61 and a beta of 0.95. The company has a current ratio of 1.92, a quick ratio of 1.92 and a debt-to-equity ratio of 0.81.

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 for the quarter, beating analysts' consensus estimates of $1.73 by $0.04. The firm had revenue of $1.41 billion for the quarter, compared to analyst estimates of $1.43 billion. Digital Realty Trust had a net margin of 7.65% and a return on equity of 2.07%. The company's revenue for the quarter was up 5.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.67 EPS. Equities analysts expect that Digital Realty Trust, Inc. will post 7.07 earnings per share for the current fiscal year.

Digital Realty Trust Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Friday, June 13th were paid a dividend of $1.22 per share. This represents a $4.88 dividend on an annualized basis and a dividend yield of 2.86%. The ex-dividend date of this dividend was Friday, June 13th. Digital Realty Trust's payout ratio is 456.07%.

Insider Buying and Selling at Digital Realty Trust

In other news, Director Mark R. Patterson sold 175 shares of Digital Realty Trust stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $176.50, for a total transaction of $30,887.50. Following the sale, the director owned 6,522 shares of the company's stock, valued at approximately $1,151,133. The trade was a 2.61% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.17% of the company's stock.

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.