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

DekaBank Deutsche Girozentrale trimmed its stake in shares of Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 3.9% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 288,395 shares of the real estate investment trust's stock after selling 11,821 shares during the period. DekaBank Deutsche Girozentrale owned about 0.09% of Digital Realty Trust worth $40,463,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Opal Wealth Advisors LLC acquired a new position in Digital Realty Trust during the 1st quarter worth approximately $38,000. Millstone Evans Group LLC bought a new stake in Digital Realty Trust in the 4th quarter valued at $43,000. Grove Bank & Trust increased its position in Digital Realty Trust by 306.7% during the 1st quarter. Grove Bank & Trust now owns 305 shares of the real estate investment trust's stock worth $44,000 after buying an additional 230 shares during the period. Alpine Bank Wealth Management bought a new position in Digital Realty Trust during the 1st quarter worth $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 buying an additional 102 shares during the period. 99.71% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

DLR has been the topic of several recent research reports. Guggenheim initiated coverage on Digital Realty Trust in a research report on Wednesday. They set a "neutral" rating on the stock. JMP Securities reiterated a "market outperform" rating and set a $220.00 price objective on shares of Digital Realty Trust in a research report on Monday, April 28th. Mizuho increased their price objective on Digital Realty Trust from $177.00 to $191.00 and gave the stock an "outperform" rating in a research report on Tuesday, June 17th. New Street Research upgraded Digital Realty Trust to a "hold" rating in a research report on Monday, April 28th. Finally, Bank of America started coverage on Digital Realty Trust in a report on Monday, May 19th. They set a "buy" rating and a $210.00 target price on the stock. One research analyst has rated the stock with a sell rating, seven have given a hold rating, fifteen have given a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Digital Realty Trust currently has a consensus rating of "Moderate Buy" and a consensus price target of $187.16.

Insiders Place Their Bets

In other Digital Realty Trust news, Director Mark R. Patterson sold 175 shares of Digital Realty Trust stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $176.50, for a total value of $30,887.50. Following the completion of the sale, the director directly owned 6,522 shares in the company, valued at approximately $1,151,133. The trade was a 2.61% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.13% of the company's stock.

Digital Realty Trust Trading Down 0.8%

Shares of Digital Realty Trust stock traded down $1.32 during midday trading on Friday, reaching $169.16. The company had a trading volume of 705,299 shares, compared to its average volume of 2,012,881. The stock has a fifty day moving average price of $171.66 and a 200 day moving average price of $164.27. 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 firm has a market cap of $56.97 billion, a PE ratio of 158.08, a P/E/G ratio of 2.60 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.

Digital Realty Trust (NYSE:DLR - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The real estate investment trust reported $1.77 EPS for the quarter, topping 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 firm's quarterly revenue was up 5.7% on a year-over-year basis. During the same period in the previous year, the firm earned $1.67 earnings per share. On average, equities analysts anticipate that Digital Realty Trust, Inc. will post 7.07 earnings per share for the current year.

Digital Realty Trust Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 30th. Shareholders 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 yield of 2.88%. Digital Realty Trust's payout ratio is currently 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.