Cloud Capital Management LLC purchased a new position in shares of Digital Realty Trust, Inc. (NYSE:DLR - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 1,504 shares of the real estate investment trust's stock, valued at approximately $215,000.
Several other hedge funds also recently made changes to their positions in DLR. SRS Capital Advisors Inc. grew 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 worth $43,000 after acquiring an additional 201 shares in the last quarter. Atria Investments Inc grew its stake in shares of Digital Realty Trust by 9.0% during the 4th quarter. Atria Investments Inc now owns 10,444 shares of the real estate investment trust's stock worth $1,852,000 after acquiring an additional 862 shares in the last quarter. Proficio Capital Partners LLC bought a new position in shares of Digital Realty Trust during the 4th quarter worth approximately $217,000. Raymond James Financial Inc. bought a new position in shares of Digital Realty Trust during the 4th quarter worth approximately $125,336,000. Finally, Candriam S.C.A. grew its stake in shares of Digital Realty Trust by 5.9% in the fourth quarter. Candriam S.C.A. now owns 23,234 shares of the real estate investment trust's stock valued at $4,120,000 after buying an additional 1,295 shares in the last quarter. 99.71% of the stock is owned by institutional investors.
Digital Realty Trust Price Performance
DLR stock traded down $1.12 during midday trading on Monday, reaching $171.48. The company had a trading volume of 1,267,724 shares, compared to its average volume of 2,018,765. The company has a market capitalization of $57.75 billion, a price-to-earnings ratio of 160.26, a price-to-earnings-growth ratio of 2.63 and a beta of 0.95. The stock has a 50 day moving average price of $170.84 and a 200-day moving average price of $164.28. Digital Realty Trust, Inc. has a 1-year low of $129.95 and a 1-year high of $198.00. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.92 and a quick ratio of 1.92.
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, beating the consensus estimate of $1.73 by $0.04. The business 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 firm's revenue was up 5.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.67 EPS. Equities research analysts expect 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 disclosed a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Friday, June 13th were paid a $1.22 dividend. This represents a $4.88 annualized dividend and a yield of 2.85%. The ex-dividend date was Friday, June 13th. Digital Realty Trust's payout ratio is 456.07%.
Insider Transactions at Digital Realty Trust
In other Digital Realty Trust 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 value of $30,887.50. Following the completion of the transaction, the director directly owned 6,522 shares in the company, valued at approximately $1,151,133. This represents a 2.61% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.17% of the company's stock.
Analyst Ratings Changes
Several equities analysts recently weighed in on the stock. Citigroup decreased their target price on shares of Digital Realty Trust from $188.00 to $174.00 and set a "buy" rating for the company in a research note on Thursday, April 17th. Jefferies Financial Group reissued a "buy" rating and issued a $193.00 target price (up from $190.00) on shares of Digital Realty Trust in a research note on Friday, April 25th. Bank of America assumed coverage on shares of Digital Realty Trust in a research note on Monday, May 19th. They issued a "buy" rating and a $210.00 target price for the company. Mizuho raised their target price on shares of Digital Realty Trust from $177.00 to $191.00 and gave the company an "outperform" rating in a research note on Tuesday, June 17th. Finally, JMP Securities reissued a "market outperform" rating and issued a $220.00 target price on shares of Digital Realty Trust in a research note on Monday, April 28th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, fifteen have given a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $187.16.
Get Our Latest Research Report on Digital Realty Trust
Digital Realty Trust Company Profile
(
Free Report)
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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