Digital Realty Trust, Inc. (NYSE:DLR) Shares Purchased by Citigroup Inc.

Key Points

• Citigroup Inc. increased its holdings in Digital Realty Trust by 127.1%, now owning approximately 0.14% of the company valued at $65.22 million.
• Multiple institutional investors are also investing heavily in Digital Realty Trust, with Northern Trust Corp and Deutsche Bank AG increasing their positions by 57.5% and 66.6%, respectively, in the last quarter.
• Digital Realty Trust reported a strong quarterly earnings performance with $1.49 billion in revenue and an EPS of $1.87, exceeding expectations and marking a 10% year-over-year revenue increase.

Citigroup Inc. raised its position in Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 127.1% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 455,149 shares of the real estate investment trust's stock after buying an additional 254,736 shares during the period. Citigroup Inc. owned about 0.14% of Digital Realty Trust worth $65,218,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in DLR. Nvwm LLC increased its stake in Digital Realty Trust by 1.9% during the 1st quarter. Nvwm LLC now owns 3,287 shares of the real estate investment trust's stock worth $471,000 after buying an additional 60 shares during the period. Hutchens & Kramer Investment Management Group LLC boosted its stake in Digital Realty Trust by 3.2% during the 1st quarter. Hutchens & Kramer Investment Management Group LLC now owns 2,145 shares of the real estate investment trust's stock worth $307,000 after purchasing an additional 66 shares during the period. Probity Advisors Inc. boosted its stake in Digital Realty Trust by 1.5% during the 1st quarter. Probity Advisors Inc. now owns 4,794 shares of the real estate investment trust's stock worth $687,000 after purchasing an additional 70 shares during the period. Robbins Farley lifted its stake in shares of Digital Realty Trust by 0.7% in the 1st quarter. Robbins Farley now owns 10,956 shares of the real estate investment trust's stock worth $1,570,000 after acquiring an additional 71 shares during the period. Finally, Colonial Trust Co SC lifted its stake in shares of Digital Realty Trust by 33.8% in the 4th quarter. Colonial Trust Co SC now owns 285 shares of the real estate investment trust's stock worth $51,000 after acquiring an additional 72 shares during the period. Hedge funds and other institutional investors own 99.71% of the company's stock.

Insider Buying and Selling

In related news, Director Mark R. Patterson sold 175 shares of the company's stock in a transaction that occurred on 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 transaction, the director owned 6,522 shares of the company's stock, valued at approximately $1,151,133. This represents a 2.61% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.17% of the company's stock.

Digital Realty Trust Trading Up 0.3%

Shares of NYSE:DLR traded up $0.53 during trading on Tuesday, reaching $169.26. The stock had a trading volume of 1,098,813 shares, compared to its average volume of 1,484,179. The business has a fifty day moving average price of $174.21 and a 200-day moving average price of $163.43. The company has a quick ratio of 2.22, a current ratio of 2.22 and a debt-to-equity ratio of 0.82. The stock has a market cap of $57.73 billion, a P/E ratio of 44.42, a PEG ratio of 4.85 and a beta of 0.92. 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 posted its quarterly earnings data on Thursday, July 24th. The real estate investment trust reported $1.87 earnings per share for the quarter, beating analysts' consensus estimates of $1.74 by $0.13. The business had revenue of $1.49 billion during the quarter, compared to analyst estimates of $1.44 billion. Digital Realty Trust had a net margin of 23.98% and a return on equity of 6.46%. The company's revenue was up 10.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.65 earnings per share. As a group, analysts anticipate 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 declared a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Monday, September 15th will be given a dividend of $1.22 per share. The ex-dividend date of this dividend is Monday, September 15th. This represents a $4.88 annualized dividend and a yield of 2.9%. Digital Realty Trust's dividend payout ratio is 128.08%.

Analyst Upgrades and Downgrades

Several analysts have recently commented on DLR shares. Oppenheimer started coverage on shares of Digital Realty Trust in a research note on Wednesday, May 14th. They issued an "outperform" rating and a $200.00 target price for the company. JMP Securities reissued a "market outperform" rating and set a $220.00 price objective on shares of Digital Realty Trust in a report on Monday, April 28th. Wall Street Zen raised shares of Digital Realty Trust from a "sell" rating to a "hold" rating in a report on Sunday, June 1st. Citigroup reissued a "buy" rating and set a $200.00 price objective (up previously from $174.00) on shares of Digital Realty Trust in a report on Monday, July 28th. Finally, Mizuho boosted their price objective on shares of Digital Realty Trust from $177.00 to $191.00 and gave the stock an "outperform" rating in a report on Tuesday, June 17th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, fifteen have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, Digital Realty Trust currently has a consensus rating of "Moderate Buy" and a consensus target price of $190.68.

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.