Kestra Private Wealth Services LLC Increases Stock Position in Digital Realty Trust, Inc. (NYSE:DLR)

Kestra Private Wealth Services LLC raised its stake in Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 14.4% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 16,551 shares of the real estate investment trust's stock after acquiring an additional 2,079 shares during the period. Kestra Private Wealth Services LLC's holdings in Digital Realty Trust were worth $2,372,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Pictet Asset Management Holding SA increased its holdings in Digital Realty Trust by 41.5% in the 1st quarter. Pictet Asset Management Holding SA now owns 3,129,819 shares of the real estate investment trust's stock valued at $448,422,000 after acquiring an additional 918,549 shares during the last quarter. Armor Investment Advisors LLC increased its holdings in Digital Realty Trust by 0.9% in the 1st quarter. Armor Investment Advisors LLC now owns 31,673 shares of the real estate investment trust's stock valued at $4,538,000 after acquiring an additional 283 shares during the last quarter. Forte Capital LLC ADV increased its holdings in Digital Realty Trust by 14.1% in the 1st quarter. Forte Capital LLC ADV now owns 15,831 shares of the real estate investment trust's stock valued at $2,268,000 after acquiring an additional 1,958 shares during the last quarter. Easterly Investment Partners LLC bought a new stake in shares of Digital Realty Trust in the 1st quarter worth about $25,057,000. Finally, Graypoint LLC increased its holdings in shares of Digital Realty Trust by 4.5% in the 1st quarter. Graypoint LLC now owns 2,479 shares of the real estate investment trust's stock worth $355,000 after buying an additional 106 shares during the last quarter. 99.71% of the stock is currently owned by institutional investors.

Insider Activity at Digital Realty Trust

In other news, Director Mark R. Patterson sold 175 shares of the company's stock in a transaction 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 directly owned 6,522 shares of the company's stock, valued at $1,151,133. This represents a 2.61% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.13% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on DLR. Citigroup reduced their target price on shares of Digital Realty Trust from $188.00 to $174.00 and set a "buy" rating on the stock in a report on Thursday, April 17th. Scotiabank reduced their target price on shares of Digital Realty Trust from $208.00 to $206.00 and set a "sector outperform" rating on the stock in a report on Tuesday, April 22nd. Truist Financial reduced their target price on shares of Digital Realty Trust from $185.00 to $184.00 and set a "buy" rating on the stock in a report on Monday, May 12th. Oppenheimer began 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 on the stock. Finally, JMP Securities restated a "market outperform" rating and issued a $220.00 target price on shares of Digital Realty Trust in a report on Monday, April 28th. One equities research 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. According to MarketBeat.com, Digital Realty Trust has a consensus rating of "Moderate Buy" and a consensus target price of $187.21.

Digital Realty Trust Stock Performance

Digital Realty Trust stock traded up $1.74 during mid-day trading on Thursday, reaching $180.98. 877,962 shares of the company traded hands, compared to its average volume of 2,168,242. 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 fifty-two week low of $129.95 and a fifty-two week high of $198.00. The company has a market capitalization of $60.95 billion, a price-to-earnings ratio of 169.28, a price-to-earnings-growth ratio of 2.70 and a beta of 0.95. The firm's fifty day moving average is $173.21 and its two-hundred day moving average is $164.03.

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 analysts' consensus estimates of $1.73 by $0.04. The business had revenue of $1.41 billion for the quarter, compared to analyst estimates of $1.43 billion. Digital Realty Trust had a net margin of 7.65% and a return on equity of 2.07%. Digital Realty Trust's revenue for the quarter was up 5.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.67 EPS. On average, equities research analysts expect that Digital Realty Trust, Inc. will post 7.07 earnings per share for the current fiscal year.

Digital Realty Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Friday, June 13th were issued a $1.22 dividend. This represents a $4.88 annualized dividend and a dividend yield of 2.70%. The ex-dividend date of this dividend was Friday, June 13th. Digital Realty Trust's dividend payout ratio (DPR) is currently 456.07%.

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.