Wealthfront Advisers LLC Has $6.51 Million Stock Holdings in Digital Realty Trust, Inc. (NYSE:DLR)

Wealthfront Advisers LLC lowered its stake in Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 4.8% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 45,421 shares of the real estate investment trust's stock after selling 2,295 shares during the period. Wealthfront Advisers LLC's holdings in Digital Realty Trust were worth $6,508,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Millstone Evans Group LLC acquired a new position in shares of Digital Realty Trust during the 4th quarter worth approximately $43,000. Key Financial Inc grew its position in shares of Digital Realty Trust by 114.0% during the 1st quarter. Key Financial Inc now owns 259 shares of the real estate investment trust's stock worth $37,000 after purchasing an additional 138 shares in the last quarter. Opal Wealth Advisors LLC acquired a new position in shares of Digital Realty Trust during the 1st quarter worth approximately $38,000. Colonial Trust Co SC grew its position in shares of Digital Realty Trust by 33.8% during the 4th quarter. Colonial Trust Co SC now owns 285 shares of the real estate investment trust's stock worth $51,000 after purchasing an additional 72 shares in the last quarter. Finally, Crowley Wealth Management Inc. acquired a new position in shares of Digital Realty Trust during the 4th quarter worth approximately $53,000. Institutional investors and hedge funds own 99.71% of the company's stock.

Insider Buying and Selling at Digital Realty Trust

In other news, Director Mark R. Patterson sold 175 shares of the stock in a transaction 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 completion of the sale, the director directly owned 6,522 shares in the company, valued at $1,151,133. This represents a 2.61% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.13% of the stock is currently owned by company insiders.

Digital Realty Trust Trading Up 0.7%

Shares of DLR stock traded up $1.22 during trading hours on Friday, hitting $177.98. 1,393,257 shares of the company's stock traded hands, compared to its average volume of 2,192,562. The stock's 50 day simple moving average is $172.21 and its 200 day simple moving average is $164.03. The stock has a market cap of $59.94 billion, a PE ratio of 166.34, a price-to-earnings-growth ratio of 2.63 and a beta of 0.95. Digital Realty Trust, Inc. has a 12 month low of $129.95 and a 12 month 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.

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 (EPS) for the quarter, beating the consensus estimate of $1.73 by $0.04. Digital Realty Trust had a net margin of 7.65% and a return on equity of 2.07%. The firm had revenue of $1.41 billion during the quarter, compared to the consensus estimate of $1.43 billion. During the same quarter last year, the firm earned $1.67 earnings per share. The company's revenue for the quarter was up 5.7% on a year-over-year basis. On average, sell-side analysts anticipate that Digital Realty Trust, Inc. will post 7.07 EPS for the current year.

Digital Realty Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Friday, June 13th were given a dividend of $1.22 per share. This represents a $4.88 annualized dividend and a dividend yield of 2.74%. The ex-dividend date was Friday, June 13th. Digital Realty Trust's dividend payout ratio (DPR) is presently 456.07%.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. JMP Securities restated a "market outperform" rating and set a $220.00 target price on shares of Digital Realty Trust in a research report on Monday, April 28th. Scotiabank cut their price target on shares of Digital Realty Trust from $208.00 to $206.00 and set a "sector outperform" rating for the company in a report on Tuesday, April 22nd. Guggenheim started coverage on shares of Digital Realty Trust in a report on Wednesday, July 9th. They set a "neutral" rating for the company. Mizuho upped their price target on shares of Digital Realty Trust from $177.00 to $191.00 and gave the stock an "outperform" rating in a report on Tuesday, June 17th. Finally, Bank of America started coverage on shares of Digital Realty Trust in a report on Monday, May 19th. They set a "buy" rating and a $210.00 price target for the company. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, fifteen have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $187.16.

Digital Realty Trust 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.