Brown Advisory Inc. Purchases 1,644 Shares of Digital Realty Trust, Inc. (NYSE:DLR)

Brown Advisory Inc. lifted its stake in shares of Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 25.2% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 8,174 shares of the real estate investment trust's stock after acquiring an additional 1,644 shares during the quarter. Brown Advisory Inc.'s holdings in Digital Realty Trust were worth $1,171,000 as of its most recent filing with the SEC.

Other large investors also recently made changes to their positions in the company. Opal Wealth Advisors LLC acquired a new position in shares of Digital Realty Trust during the 1st quarter worth about $38,000. Millstone Evans Group LLC bought a new stake in Digital Realty Trust during the 4th quarter worth approximately $43,000. Grove Bank & Trust grew its position in Digital Realty Trust by 306.7% during the 1st quarter. Grove Bank & Trust now owns 305 shares of the real estate investment trust's stock worth $44,000 after acquiring an additional 230 shares during the last quarter. Alpine Bank Wealth Management bought a new position in Digital Realty Trust in the 1st quarter valued at $49,000. Finally, Adirondack Trust Co. boosted its position 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 buying an additional 102 shares during the last quarter. Institutional investors own 99.71% of the company's stock.

Digital Realty Trust Price Performance

DLR traded up $3.86 during trading on Thursday, hitting $176.84. 1,706,053 shares of the stock traded hands, compared to its average volume of 2,018,710. Digital Realty Trust, Inc. has a twelve month low of $129.95 and a twelve month high of $198.00. The company has a market cap of $59.56 billion, a price-to-earnings ratio of 165.27, a PEG ratio of 2.63 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. The business has a 50 day moving average price of $172.21 and a 200 day moving average price of $164.03.

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 the consensus estimate of $1.73 by $0.04. The company had revenue of $1.41 billion during the quarter, compared to the consensus estimate 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 period in the prior year, the business earned $1.67 earnings per share. Equities research analysts forecast that Digital Realty Trust, Inc. will post 7.07 earnings per share for the current fiscal year.

Digital Realty Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Friday, June 13th were issued 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 2.76%. Digital Realty Trust's payout ratio is 456.07%.

Analysts Set New Price Targets

DLR has been the topic of several recent research reports. Oppenheimer began coverage on Digital Realty Trust in a research report on Wednesday, May 14th. They issued an "outperform" rating and a $200.00 price target on the stock. Mizuho lifted their target price on Digital Realty Trust from $177.00 to $191.00 and gave the company an "outperform" rating in a research report on Tuesday, June 17th. JMP Securities reaffirmed a "market outperform" rating and issued a $220.00 target price on shares of Digital Realty Trust in a research report on Monday, April 28th. Truist Financial lowered 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. Finally, Jefferies Financial Group restated a "buy" rating and set a $193.00 price objective (up previously from $190.00) on shares of Digital Realty Trust in a report on Friday, April 25th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, fifteen have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $187.16.

Insiders Place Their Bets

In related news, Director Mark R. Patterson sold 175 shares of the stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $176.50, for a total value of $30,887.50. Following the completion of the sale, the director directly owned 6,522 shares in the company, valued at $1,151,133. This represents 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 this hyperlink. 0.13% of the stock is owned by insiders.

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.