6,358 Shares in Digital Realty Trust, Inc. (NYSE:DLR) Purchased by Dakota Wealth Management

Dakota Wealth Management bought a new position in Digital Realty Trust, Inc. (NYSE:DLR - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 6,358 shares of the real estate investment trust's stock, valued at approximately $911,000.

A number of other hedge funds have also modified their holdings of DLR. Proficio Capital Partners LLC acquired a new stake in Digital Realty Trust during the 4th quarter valued at $217,000. Corient Private Wealth LLC increased its holdings in Digital Realty Trust by 14.0% during the 4th quarter. Corient Private Wealth LLC now owns 69,584 shares of the real estate investment trust's stock valued at $12,340,000 after purchasing an additional 8,568 shares in the last quarter. Harbour Investments Inc. increased its holdings in Digital Realty Trust by 12.0% during the 4th quarter. Harbour Investments Inc. now owns 2,210 shares of the real estate investment trust's stock valued at $392,000 after purchasing an additional 236 shares in the last quarter. Creative Financial Designs Inc. ADV increased its holdings in Digital Realty Trust by 701.3% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 641 shares of the real estate investment trust's stock valued at $114,000 after purchasing an additional 561 shares in the last quarter. Finally, Parallel Advisors LLC increased its holdings in Digital Realty Trust by 9.6% during the 4th quarter. Parallel Advisors LLC now owns 4,553 shares of the real estate investment trust's stock valued at $808,000 after purchasing an additional 399 shares in the last quarter. 99.71% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Mark R. Patterson sold 175 shares of the company'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 owned 6,522 shares in the company, valued at approximately $1,151,133. This represents a 2.61% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.13% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on DLR shares. Truist Financial dropped their price target on Digital Realty Trust from $185.00 to $184.00 and set a "buy" rating for the company in a report on Monday, May 12th. Oppenheimer began coverage on 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. 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. New Street Research raised Digital Realty Trust to a "hold" rating in a research note on Monday, April 28th. Finally, Bank of America began coverage on 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. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, fifteen have assigned a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $187.16.

Digital Realty Trust Trading Up 0.7%

DLR stock traded up $1.22 during midday trading on Friday, hitting $177.98. 1,393,257 shares of the company's stock were exchanged, compared to its average volume of 2,016,218. The stock's fifty day moving average price is $172.21 and its 200-day moving average price is $164.03. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.92 and a current ratio of 1.92. The company has a market cap of $59.94 billion, a PE ratio of 166.34, a price-to-earnings-growth ratio of 2.63 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.

Digital Realty Trust (NYSE:DLR - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The real estate investment trust reported $1.77 EPS for the quarter, beating analysts' consensus estimates of $1.73 by $0.04. The company had revenue of $1.41 billion for the quarter, compared to analyst estimates of $1.43 billion. Digital Realty Trust had a return on equity of 2.07% and a net margin of 7.65%. The company's quarterly revenue was up 5.7% compared to the same quarter last year. During the same period in the previous year, the company posted $1.67 earnings per share. Research analysts predict that Digital Realty Trust, Inc. will post 7.07 earnings per share for the current fiscal year.

Digital Realty Trust Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Friday, June 13th were issued a $1.22 dividend. The ex-dividend date of this dividend was Friday, June 13th. This represents a $4.88 dividend on an annualized basis and a dividend yield of 2.74%. Digital Realty Trust's dividend payout ratio (DPR) 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.