Digital Realty Trust, Inc. (NYSE:DLR) Holdings Boosted by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. raised its position in shares of Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 43.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 99,028 shares of the real estate investment trust's stock after purchasing an additional 30,082 shares during the quarter. Mirae Asset Global Investments Co. Ltd.'s holdings in Digital Realty Trust were worth $14,072,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the business. Illinois Municipal Retirement Fund raised its position in Digital Realty Trust by 107.6% during the first quarter. Illinois Municipal Retirement Fund now owns 4,892 shares of the real estate investment trust's stock valued at $701,000 after buying an additional 2,535 shares during the period. Total Wealth Planning & Management Inc. grew its stake in Digital Realty Trust by 217.2% during the 1st quarter. Total Wealth Planning & Management Inc. now owns 4,022 shares of the real estate investment trust's stock valued at $576,000 after acquiring an additional 2,754 shares in the last quarter. PDS Planning Inc increased its holdings in shares of Digital Realty Trust by 16.7% in the 1st quarter. PDS Planning Inc now owns 1,666 shares of the real estate investment trust's stock valued at $239,000 after purchasing an additional 238 shares during the period. Beech Hill Advisors Inc. lifted its position in shares of Digital Realty Trust by 14.7% in the first quarter. Beech Hill Advisors Inc. now owns 26,779 shares of the real estate investment trust's stock worth $3,837,000 after purchasing an additional 3,437 shares in the last quarter. Finally, Western Wealth Management LLC boosted its holdings in shares of Digital Realty Trust by 27.4% during the first quarter. Western Wealth Management LLC now owns 4,780 shares of the real estate investment trust's stock worth $685,000 after purchasing an additional 1,029 shares during the period. Hedge funds and other institutional investors own 99.71% of the company's stock.

Digital Realty Trust Stock Performance

Shares of DLR opened at $171.34 on Monday. The company has a market capitalization of $57.70 billion, a PE ratio of 160.13, a price-to-earnings-growth ratio of 2.61 and a beta of 0.95. 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, Inc. has a one year low of $123.33 and a one year high of $198.00. The company's fifty day moving average price is $168.80 and its 200 day moving average price is $164.60.

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. 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 for the quarter, compared to analyst estimates 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% on a year-over-year basis. As a group, 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 will be paid on Monday, June 30th. Stockholders of record on Friday, June 13th will be paid a $1.22 dividend. The ex-dividend date of this dividend is Friday, June 13th. This represents a $4.88 annualized dividend and a dividend yield of 2.85%. Digital Realty Trust's payout ratio is 456.07%.

Insider Buying and Selling

In related news, Director Mark R. Patterson sold 175 shares of the stock in a transaction dated 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 sale, the director now owns 6,522 shares in the company, valued at approximately $1,151,133. This trade represents a 2.61% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.17% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

DLR has been the subject of a number of research analyst reports. Oppenheimer initiated coverage on shares of Digital Realty Trust in a research report on Wednesday, May 14th. They issued an "outperform" rating and a $200.00 target price for the company. Wall Street Zen upgraded Digital Realty Trust from a "sell" rating to a "hold" rating in a report on Sunday, June 1st. Bank of America began coverage on Digital Realty Trust in a research report on Monday, May 19th. They set a "buy" rating and a $210.00 price objective for the company. Mizuho raised their price target on Digital Realty Trust from $177.00 to $191.00 and gave the stock an "outperform" rating in a research note on Tuesday, June 17th. Finally, Scotiabank lowered their price target on Digital Realty Trust from $208.00 to $206.00 and set a "sector outperform" rating for the company in a research note on Tuesday, April 22nd. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, sixteen have issued a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $186.55.

About Digital Realty Trust

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.