Moloney Securities Asset Management LLC Sells 1,955 Shares of Digital Realty Trust, Inc. (NYSE:DLR)

Moloney Securities Asset Management LLC trimmed its holdings in Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 18.9% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 8,370 shares of the real estate investment trust's stock after selling 1,955 shares during the period. Moloney Securities Asset Management LLC's holdings in Digital Realty Trust were worth $1,199,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of DLR. Opal Wealth Advisors LLC bought a new stake in shares of Digital Realty Trust during the 1st quarter worth $38,000. Millstone Evans Group LLC bought a new stake in Digital Realty Trust during the fourth quarter valued at about $43,000. Grove Bank & Trust grew its position in shares of Digital Realty Trust by 306.7% in the first quarter. Grove Bank & Trust now owns 305 shares of the real estate investment trust's stock valued at $44,000 after purchasing an additional 230 shares during the last quarter. Alpine Bank Wealth Management bought a new position in shares of Digital Realty Trust in the first quarter worth about $49,000. Finally, Adirondack Trust Co. lifted its position in shares of 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 during the last quarter. Institutional investors and hedge funds own 99.71% of the company's stock.

Wall Street Analysts Forecast Growth

DLR has been the topic of several recent analyst reports. Guggenheim began coverage on Digital Realty Trust in a research report on Wednesday. They issued a "neutral" rating on the stock. Barclays dropped their target price on shares of Digital Realty Trust from $142.00 to $139.00 and set an "underweight" rating on the stock in a research report on Thursday, March 20th. New Street Research raised shares of Digital Realty Trust to a "hold" rating in a report on Monday, April 28th. Scotiabank decreased their price target on shares of Digital Realty Trust from $208.00 to $206.00 and set a "sector outperform" rating on the stock in a research report on Tuesday, April 22nd. Finally, Citigroup cut their price objective on shares of Digital Realty Trust from $188.00 to $174.00 and set a "buy" rating for the company in a research report on Thursday, April 17th. One 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 company. Based on data from MarketBeat, Digital Realty Trust currently has an average rating of "Moderate Buy" and an average target price of $187.16.

Digital Realty Trust Price Performance

NYSE:DLR traded down $2.15 on Friday, reaching $168.33. The stock had a trading volume of 1,493,984 shares, compared to its average volume of 2,017,222. 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 has a market capitalization of $56.69 billion, a P/E ratio of 157.32, a price-to-earnings-growth ratio of 2.59 and a beta of 0.95. Digital Realty Trust, Inc. has a 1-year low of $129.95 and a 1-year high of $198.00. The stock has a fifty day moving average price of $171.73 and a 200-day moving average price of $164.18.

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

Digital Realty Trust Dividend Announcement

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

Insiders Place Their Bets

In other 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 transaction of $30,887.50. Following 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.13% of the company's stock.

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.