Capital Investment Advisors LLC Purchases 7,424 Shares of Digital Realty Trust, Inc. (NYSE:DLR)

Capital Investment Advisors LLC grew its holdings in shares of Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 13.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 62,023 shares of the real estate investment trust's stock after purchasing an additional 7,424 shares during the period. Capital Investment Advisors LLC's holdings in Digital Realty Trust were worth $8,887,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Sierra Ocean LLC acquired a new position in shares of Digital Realty Trust in the fourth quarter valued at about $29,000. Fairway Wealth LLC purchased a new position in Digital Realty Trust in the 4th quarter valued at about $35,000. Centricity Wealth Management LLC purchased a new stake in shares of Digital Realty Trust during the fourth quarter worth $37,000. SRS Capital Advisors Inc. lifted its stake in shares of Digital Realty Trust by 502.5% in the fourth quarter. SRS Capital Advisors Inc. now owns 241 shares of the real estate investment trust's stock worth $43,000 after buying an additional 201 shares in the last quarter. Finally, Millstone Evans Group LLC acquired a new position in Digital Realty Trust during the fourth quarter worth about $43,000. 99.71% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

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

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on DLR. JMP Securities restated a "market outperform" rating and set a $220.00 target price on shares of Digital Realty Trust in a report on Monday, April 28th. Truist Financial cut their target price on Digital Realty Trust from $185.00 to $184.00 and set a "buy" rating for the company in a research note on Monday, May 12th. Scotiabank lowered their price target 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. JPMorgan Chase & Co. boosted their target price on shares of Digital Realty Trust from $185.00 to $190.00 and gave the company an "overweight" rating in a report on Friday, February 14th. Finally, Mizuho cut their price target on shares of Digital Realty Trust from $211.00 to $177.00 and set an "outperform" rating for the company in a report on Friday, March 28th. One analyst has rated the stock with a sell rating, six have issued a hold rating, seventeen have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $185.10.

Digital Realty Trust Trading Up 0.5%

Shares of Digital Realty Trust stock opened at $176.88 on Friday. The company has a quick ratio of 1.61, a current ratio of 2.07 and a debt-to-equity ratio of 0.80. The firm has a market cap of $59.57 billion, a PE ratio of 109.18, a P/E/G ratio of 4.38 and a beta of 0.95. The business's fifty day moving average is $159.34 and its two-hundred day moving average is $166.42. Digital Realty Trust, Inc. has a fifty-two week low of $129.95 and a fifty-two week high of $198.00.

Digital Realty Trust (NYSE:DLR - Get Free Report) last issued its quarterly earnings data on Thursday, April 24th. The real estate investment trust reported $1.77 EPS for the quarter, topping analysts' consensus estimates of $1.73 by $0.04. Digital Realty Trust had a return on equity of 2.97% and a net margin of 10.85%. The company had revenue of $1.41 billion for the quarter, compared to analysts' expectations of $1.43 billion. During the same quarter in the previous year, the firm posted $1.67 earnings per share. The firm's quarterly revenue was up 5.7% on a year-over-year basis. Analysts anticipate that Digital Realty Trust, Inc. will post 7.07 earnings per share for the current year.

Digital Realty Trust Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 13th will be paid a $1.22 dividend. This represents a $4.88 dividend on an annualized basis and a yield of 2.76%. The ex-dividend date is Friday, June 13th. Digital Realty Trust's payout ratio is 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.

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