DekaBank Deutsche Girozentrale Sells 11,821 Shares of Digital Realty Trust, Inc. (NYSE:DLR)

DekaBank Deutsche Girozentrale lessened its position in Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 3.9% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 288,395 shares of the real estate investment trust's stock after selling 11,821 shares during the period. DekaBank Deutsche Girozentrale owned approximately 0.09% of Digital Realty Trust worth $40,463,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in the stock. Opal Wealth Advisors LLC bought a new position in shares of Digital Realty Trust in the 1st quarter valued at about $38,000. Millstone Evans Group LLC acquired a new stake in Digital Realty Trust in the 4th quarter worth about $43,000. Grove Bank & Trust raised its position in shares of Digital Realty Trust by 306.7% in the 1st quarter. Grove Bank & Trust now owns 305 shares of the real estate investment trust's stock valued at $44,000 after buying an additional 230 shares in the last quarter. Alpine Bank Wealth Management acquired a new position in shares of Digital Realty Trust in the 1st quarter valued at approximately $49,000. Finally, Adirondack Trust Co. increased its position in Digital Realty Trust by 40.8% during the 1st quarter. Adirondack Trust Co. now owns 352 shares of the real estate investment trust's stock worth $50,000 after purchasing an additional 102 shares in the last quarter. Institutional investors own 99.71% of the company's stock.

Digital Realty Trust Trading Down 1.3%

Digital Realty Trust stock traded down $2.15 during mid-day trading on Friday, hitting $168.33. 1,493,984 shares of the company's stock were exchanged, compared to its average volume of 2,020,166. The firm has a market capitalization of $56.69 billion, a P/E ratio of 157.32, a PEG ratio of 2.56 and a beta of 0.95. Digital Realty Trust, Inc. has a fifty-two week low of $129.95 and a fifty-two week high of $198.00. The company has a quick ratio of 1.92, a current ratio of 1.92 and a debt-to-equity ratio of 0.81. The company's 50 day simple moving average is $171.73 and its 200-day simple moving average is $163.96.

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 earnings per share (EPS) for the quarter, beating 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 during the quarter, compared to analysts' expectations of $1.43 billion. During the same period in the previous year, the company posted $1.67 earnings per share. The firm's revenue for the quarter was up 5.7% compared to the same quarter last year. On average, equities analysts anticipate that Digital Realty Trust, Inc. will post 7.07 earnings per share for the current year.

Digital Realty Trust Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Friday, June 13th were paid a dividend of $1.22 per share. The ex-dividend date was Friday, June 13th. This represents a $4.88 dividend on an annualized basis and a yield of 2.90%. Digital Realty Trust's dividend payout ratio (DPR) is currently 456.07%.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on DLR. Wall Street Zen raised shares of Digital Realty Trust from a "sell" rating to a "hold" rating in a report on Sunday, June 1st. Oppenheimer assumed coverage on shares of Digital Realty Trust in a report on Wednesday, May 14th. They issued an "outperform" rating and a $200.00 target price for the company. Guggenheim assumed coverage on shares of Digital Realty Trust in a research report on Wednesday. They set a "neutral" rating for the company. Bank of America started coverage on shares of Digital Realty Trust in a research report on Monday, May 19th. They set a "buy" rating and a $210.00 target price for the company. Finally, Mizuho raised their price objective on shares of Digital Realty Trust from $177.00 to $191.00 and gave the company an "outperform" rating in a research report on Tuesday, June 17th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, fifteen have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $187.16.

Insider Buying and Selling at Digital Realty Trust

In related news, Director Mark R. Patterson sold 175 shares of Digital Realty Trust 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 sale, the director owned 6,522 shares of the company's stock, valued at approximately $1,151,133. The trade was a 2.61% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.17% of the stock is owned by insiders.

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.