Digital Realty Trust, Inc. (NYSE:DLR) Shares Bought by Chevy Chase Trust Holdings LLC

Chevy Chase Trust Holdings LLC raised its position in Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 1.4% during the first quarter, according to its most recent filing with the SEC. The firm owned 165,998 shares of the real estate investment trust's stock after purchasing an additional 2,333 shares during the period. Chevy Chase Trust Holdings LLC's holdings in Digital Realty Trust were worth $23,786,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of DLR. Fairway Wealth LLC bought a new stake in shares of Digital Realty Trust in the 4th quarter worth $35,000. Opal Wealth Advisors LLC purchased a new stake in shares of Digital Realty Trust during the 1st quarter valued at approximately $38,000. SRS Capital Advisors Inc. raised its stake in shares of Digital Realty Trust by 502.5% during the 4th quarter. SRS Capital Advisors Inc. now owns 241 shares of the real estate investment trust's stock valued at $43,000 after purchasing an additional 201 shares during the period. Millstone Evans Group LLC purchased a new stake in shares of Digital Realty Trust in the fourth quarter worth about $43,000. Finally, Grove Bank & Trust increased its holdings in shares of Digital Realty Trust by 306.7% in the first quarter. Grove Bank & Trust now owns 305 shares of the real estate investment trust's stock worth $44,000 after purchasing an additional 230 shares during the period. 99.71% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have recently commented on DLR shares. Mizuho increased their price objective 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. Bank of America assumed coverage on shares of Digital Realty Trust in a report on Monday, May 19th. They issued a "buy" rating and a $210.00 price target on the stock. Oppenheimer began coverage on 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. New Street Research upgraded shares of Digital Realty Trust to a "hold" rating in a report on Monday, April 28th. Finally, Barclays lowered their price target on Digital Realty Trust from $142.00 to $139.00 and set an "underweight" rating for the company in a research report on Thursday, March 20th. One analyst has rated the stock with a sell rating, six have given a hold rating, seventeen have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $185.76.

Insider Buying and Selling

In other news, Director Mark R. Patterson sold 175 shares of the firm'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 completion of the sale, the director now owns 6,522 shares in the company, valued at approximately $1,151,133. This trade represents a 2.61% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.13% of the stock is currently owned by company insiders.

Digital Realty Trust Price Performance

Shares of DLR stock traded down $2.59 during trading hours on Thursday, hitting $169.66. The stock had a trading volume of 4,734,130 shares, compared to its average volume of 2,013,000. 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 stock has a market capitalization of $57.14 billion, a price-to-earnings ratio of 158.56, a PEG ratio of 2.70 and a beta of 0.95. Digital Realty Trust, Inc. has a one year low of $129.95 and a one year high of $198.00. The stock's 50-day moving average price is $168.02 and its two-hundred day moving average price is $165.14.

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 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.73 by $0.04. Digital Realty Trust had a return on equity of 2.07% and a net margin of 7.65%. The business 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. The company's revenue for the quarter was up 5.7% on a year-over-year basis. Equities analysts forecast that Digital Realty Trust, Inc. will post 7.07 EPS for the current year.

Digital Realty Trust Announces Dividend

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