Cambridge Investment Research Advisors Inc. Acquires 9,993 Shares of Digital Realty Trust, Inc. (NYSE:DLR)

Cambridge Investment Research Advisors Inc. grew its stake in Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 23.6% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 52,413 shares of the real estate investment trust's stock after purchasing an additional 9,993 shares during the quarter. Cambridge Investment Research Advisors Inc.'s holdings in Digital Realty Trust were worth $7,510,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Vanguard Group Inc. lifted its stake in Digital Realty Trust by 0.9% in the fourth quarter. Vanguard Group Inc. now owns 51,453,186 shares of the real estate investment trust's stock valued at $9,124,193,000 after buying an additional 469,823 shares during the period. Norges Bank acquired a new stake in shares of Digital Realty Trust in the 4th quarter valued at approximately $3,858,428,000. Geode Capital Management LLC boosted its stake in Digital Realty Trust by 3.4% during the 4th quarter. Geode Capital Management LLC now owns 8,527,649 shares of the real estate investment trust's stock worth $1,508,612,000 after acquiring an additional 281,704 shares during the last quarter. Northern Trust Corp grew its holdings 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 purchasing an additional 1,854,748 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Digital Realty Trust by 11.4% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,819,606 shares of the real estate investment trust's stock valued at $854,661,000 after purchasing an additional 492,692 shares in the last quarter. 99.71% of the stock is currently owned by institutional investors.

Insider Activity at Digital Realty Trust

In related 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 completion of the sale, the director now owns 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 filing with the SEC, which is accessible through the SEC website. 0.13% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on DLR shares. Jefferies Financial Group reissued a "buy" rating and set a $193.00 price target (up from $190.00) on shares of Digital Realty Trust in a research report on Friday, April 25th. Wall Street Zen upgraded Digital Realty Trust from a "sell" rating to a "hold" rating in a report on Sunday, June 1st. Bank of America started coverage on 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. JMP Securities reiterated a "market outperform" rating and set a $220.00 price objective on shares of Digital Realty Trust in a report on Monday, April 28th. Finally, Scotiabank lowered their target price on Digital Realty Trust from $208.00 to $206.00 and set a "sector outperform" rating for the company in a research note on Tuesday, April 22nd. One research analyst has rated the stock with a sell rating, six have issued a hold rating, sixteen have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $186.55.

Digital Realty Trust Trading Down 1.5%

Shares of Digital Realty Trust stock opened at $169.66 on Friday. The stock has a market cap of $57.14 billion, a P/E ratio of 158.56, a P/E/G ratio of 2.62 and a beta of 0.95. The company has a quick ratio of 1.92, a current ratio of 1.92 and a debt-to-equity ratio of 0.81. Digital Realty Trust, Inc. has a 12-month low of $129.95 and a 12-month high of $198.00. The business's 50 day moving average is $168.39 and its 200-day moving average is $165.01.

Digital Realty Trust (NYSE:DLR - Get Free Report) last posted 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. 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 period in the prior year, the firm posted $1.67 earnings per share. The company's quarterly revenue was up 5.7% compared to the same quarter last year. Equities research analysts predict that Digital Realty Trust, Inc. will post 7.07 earnings per share for the current fiscal year.

Digital Realty Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be issued a dividend of $1.22 per share. This represents a $4.88 dividend on an annualized basis and a dividend yield of 2.88%. The ex-dividend date is Friday, June 13th. Digital Realty Trust's payout ratio is presently 456.07%.

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.

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