Vontobel Holding Ltd. grew its holdings in shares of Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 71.2% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 27,028 shares of the real estate investment trust's stock after purchasing an additional 11,239 shares during the period. Vontobel Holding Ltd.'s holdings in Digital Realty Trust were worth $3,873,000 as of its most recent SEC filing.
A number of other large investors have also modified their holdings of DLR. Fairway Wealth LLC acquired a new position in Digital Realty Trust in the fourth quarter worth approximately $35,000. Millstone Evans Group LLC purchased a new stake in Digital Realty Trust in the 4th quarter worth about $43,000. SRS Capital Advisors Inc. raised its stake in shares of Digital Realty Trust by 502.5% during the 4th quarter. SRS Capital Advisors Inc. now owns 241 shares of the real estate investment trust's stock worth $43,000 after purchasing an additional 201 shares in the last quarter. OFI Invest Asset Management purchased a new stake in shares of Digital Realty Trust during the 4th quarter worth about $45,000. Finally, Opal Wealth Advisors LLC purchased a new stake in shares of Digital Realty Trust during the 1st quarter worth about $38,000. 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 company's stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of $176.50, for a total transaction of $30,887.50. Following the completion of the transaction, 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.13% of the stock is owned by corporate insiders.
Digital Realty Trust Trading Up 0.3%
Shares of Digital Realty Trust stock traded up $0.44 during trading hours on Friday, hitting $172.60. The company's stock had a trading volume of 780,879 shares, compared to its average volume of 2,021,782. Digital Realty Trust, Inc. has a 12 month low of $129.95 and a 12 month high of $198.00. The stock has a 50 day moving average of $170.84 and a 200 day moving average of $164.37. The company has a market capitalization of $58.13 billion, a PE ratio of 161.31, a price-to-earnings-growth ratio of 2.63 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 (NYSE:DLR - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The real estate investment trust reported $1.77 earnings per share for the quarter, topping the consensus estimate of $1.73 by $0.04. The company 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%. Digital Realty Trust's revenue for the quarter was up 5.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.67 earnings per share. Analysts predict that Digital Realty Trust, Inc. will post 7.07 earnings per share for the current year.
Digital Realty Trust Announces Dividend
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. The ex-dividend date of this dividend was Friday, June 13th. This represents a $4.88 annualized dividend and a dividend yield of 2.83%. Digital Realty Trust's dividend payout ratio is currently 456.07%.
Analyst Ratings Changes
DLR has been the topic of a number of recent analyst reports. JMP Securities reissued a "market outperform" rating and issued a $220.00 price objective on shares of Digital Realty Trust in a research note on Monday, April 28th. Citigroup decreased their price objective on Digital Realty Trust from $188.00 to $174.00 and set a "buy" rating on the stock in a report on Thursday, April 17th. Mizuho lifted their price objective on Digital Realty Trust from $177.00 to $191.00 and gave the stock an "outperform" rating in a report on Tuesday, June 17th. Wall Street Zen raised Digital Realty Trust from a "sell" rating to a "hold" rating in a research note on Sunday, June 1st. Finally, Barclays decreased their price target on Digital Realty Trust from $142.00 to $139.00 and set an "underweight" rating on the stock in a research note on Thursday, March 20th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, fifteen have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $187.16.
View Our Latest Analysis on DLR
Digital Realty Trust Company Profile
(
Free Report)
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.
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